Of the 12 most common mistakes and pitfalls awaiting new exporters listed in the textbook, which one of the following is not in the list?
A. Insufficient care in selecting overseas distributors.
B. Failure to consider the use of an export management company.
C. Treating international distributors on an equal basis with domestic counterparts.
D. Failure to develop an international marketing plan.
Answer: C
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Read the information about Cobb Company. By what amount will net income on a single-step income statement differ from net income on a multi-step income statement if Cobb Company prepares both formats?
a. $ 800 b. $ 600 c. $ 200 d. $ -0-
Equipment costing $60,000 with a residual value of $6,000 and an estimated life of eight years has been depreciated using the straight-line method for two years. Assuming a revised estimated total life of five years, the depreciation expense for year 3 would be
A) $6,750. B) $9,000. C) $13,500. D) $10,800.
Taxable income equals adjusted gross income minus tax credits
Indicate whether the statement is true or false.
Which of the following is TRUE about Affirmative Action?
a. Affirmative action is required by Title VII. b. Affirmative action is prohibited by Title VII. c. Affirmative action is allowed in goverment contracts if it can show the programs are needed to overcome specific past discrimination. d. Affirmative action programs are usually voluntary on the part of employers, since courts have no power to order remedies for past discrimination.