Swaps
A. are always advantageous.
B. can be used for either currency or interest rate holdings.
C. are used only to change currency holdings.
D. are becoming less popular in international business.
Answer: B
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Flexibility applies to which of the following situations?
a. Situations in which there are relevant circumstances and more than one possible accounting method exists. b. Situations in which there are relevant circumstances but only one possible accounting method exists. c. Situations in which there are no observable relevant circumstances and more than one possible accounting method exists. d. All of the above.
Interest expense is reported in the operating expense section of the income statement
Indicate whether the statement is true or false
A joint tenancy can be created between two people with a 1/3 and 2/3 interest respectively
Indicate whether the statement is true or false
List a few characteristics of small firms that adversely affect the implementation of TQ principles