Under the provisions of the Foreign Sovereign Immunities Act:
a. all foreign governments are immune from suit by U.S. citizens.
b. U.S. citizens in U.S. courts can always sue most foreign governments.
c. a car used by a foreign embassy in Washington can be seized to settle a judgment against a driver.
d. U.S. courts may take jurisdiction in a suit against a foreign country for commercial acts by that government that have a direct effect on the United States.
d
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New-product development usually fits into the old routines of a firm, so it is not necessary for top management to support new-product development in any special way.
Answer the following statement true (T) or false (F)
Cyborg Mechatronics is entirely equity financed with 400 shares outstanding and a market capitalization of $18,750 (P=$46.875)
Current financial data for Cyborg is provided in the table below for two states of nature, which correspond with two levels of sales. The standard deviation of EPS is $1.875. The CFO of Cyborg, John Conner, is considering a change in capital structure. In particular, he is thinking about borrowing $6,562.50. He will borrow the money by issuing perpetual bonds with a face value of $6,562.50 and a coupon rate of 6%. The borrowed money will be used to repurchase shares at $46.875 per share. Repurchased shares will be cancelled. Taxes are 0%. First, calculate the EPS in each state of nature if Cyborg borrows the money. Second, calculate the standard deviation of the EPS. What is the ratio of the standard deviation of EPS with the leveraged capital structure to the standard deviation under the current, all equity capital structure? Cyborg Mechatronics Bad Good EBIT $750 $2,250 Interest 0 0 Pre-Tax Income 750 2,250 Taxes (0%) 0 0 Net Income 750 2,250 # Shares 400 400 EPS $1.88 $5.63 A) 0.54 B) 1.25 C) 1.54 D) 1.88 E) 2.89
In the context of human resource planning, internal recruitment involves transferring employees from other positions within the company.
Answer the following statement true (T) or false (F)
According to Burke, an effective strategy for helping work units embrace change is ______.
A. to tie making the change to a group-level monetary reward B. to tie not making the change to some form of group-level punishment C. to model the desired new behaviors at the top leadership level D. to involve the group in planning and implementing the change effort