Describe how foreign trade zones can be used to benefit companies.

What will be an ideal response?


A successful answer will note that items can be imported duty free into a foreign trade zone and then used for local production of a product that is then exported. The zones encourage the local production of goods and reduce costs for the company.

Business

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Flexibility in valuation of property, plant, and equipment under IFRS may cause problems with comparability of one company with another

a. True b. False Indicate whether the statement is true or false

Business

An example of a change in accounting principle is the change from the direct method of accounting for uncollectable accounts to the aging-of-receivables method

Indicate whether the statement is true or false

Business

______ are identifiable elements of an organization, which provide members and outsiders with a better understanding of its culture.

What will be an ideal response?

Business

Composing a powerful conclusion to a presentation will help to increase the _____

A) belief bias B) ambiguity effect C) confirmation bias D) recency effect E) focusing effect

Business