As long as the flow of currencies is ________, the exchange rate can remain ________
A) out of balance; constant
B) equal; in flux
C) there is no relationship between the two
D) equal; constant
D
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Which of the following is true of the gross profit percentage?
A) Gross profit percentage is the same for companies in all industries. B) Gross profit percentage is used to measure the solvency of a company. C) The gross profit percentage is one of the most carefully watched measures of profitability. D) A service company must show its gross profit percentage in its income statement.
If the home country's government grants a subsidy on a domestically produced good, domestic producers tend to
a. capture the entire subsidy in the form of higher profits. b. increase their level of production. c. reduce wages paid to domestic workers. d. consider the subsidy as an increase in production cost.
Positions that have direct responsibility for the basic objectives of an organization are referred to as staff positions
Indicate whether the statement is true or false
Under the laws of most states, a corporation cannot be held responsible for committing crimes
a. True b. False Indicate whether the statement is true or false