The authors refer to the practice of many Asian firms being largely controlled by families of groups related to the governing body of the country as:
A) illegal.
B) insider trading.
C) cronyism.
D) not in my back yard.
Answer: C
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Answer the following statements true (T) or false (F)
1. A trend analysis would be used if an analyst wants to see how the gross profit of a company has changed from one year to the next. 2. A horizontal analysis would be used if an analyst wants to see how the assets of a company have changed from one year to the next. 3. A vertical analysis of a financial statement reveals the relationship of each statement item to its base amount, which is the 100% figure. 4. A vertical analysis percent is computed by dividing the base amount by the specific item and then multiplying by 100. 5. In a vertical analysis of the income statement, each line item is shown as a percentage of net sales revenue.
Practical capacity is the capacity that can be achieved during normal working hours
Indicate whether the statement is true or false
Warren Buffett bought FINOVA in bankruptcy
Indicate whether the statement is true or false
If a promise is illusory, there is no mutuality of obligation
Indicate whether the statement is true or false