Which of the following statements is true of foreign distributors?
A) They have little involvement with buyers or sellers outside the parent country.
B) They purchase imported goods at a discount and resell them in the foreign or host country.
C) They maintain a principal-agent relationship with the exporter.
D) They do not take title to the goods being exported.
B
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What is the objective of translation under SFAS No. 52?
a. To avoid reporting accounting exchange gains and losses when an economic gain or loss has not occurred b. To avoid reporting foreign-currency-denominated operations as if they had occurred in U.S. dollars c. To maintain a U.S. dollar orientation d. Both a and b
Each of the following can be a specific task of a working group EXCEPT
a. developing a campaign to present to a client. b. developing a policy to recommend to management. c. discussing conflicting opinions relative to a complex social issue. d. having a friendly chat.
Which of the following is an example of a recommendation??
A) ?The cost of the brick veneer will be seven percent more than aluminum siding. B) ?Even though brick veneer is more expensive, we understand it will be more durable over the years. C) ?Install brick veneer because its slightly higher cost will be well offset by its durability. D) ?Both brick veneer and aluminum siding have their advantages.
To qualify as a professional corporation, Medical Clinic, P.C.,
A. must be a corporation formed by professionals. B. must grant all shareholders voting rights. C. must have at least thirty-five shareholders. D. all of the choices.