Nationalization occurs when a government ________
A) transfers government functions to the private sector in order to create new business opportunities
B) reimburses a foreign company that has lost facilities due to natural causes
C) refuses to allow its businesses to engage in exporting
D) takes control or ownership of private property
E) imports more than it exports
D
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Once the decision has been made to enter a country, the most important decision is:
A) the cost of entry. B) the mode of entry. C) the distribution strategy of the firm. D) pricing the product.
If an audit firm accepts or continues to provide audits to a client firm with ineffective internal controls over financial reporting, the management representation letter will note that an adverse opinion will likely be issued
a. True b. False Indicate whether the statement is true or false
An asset's book value is $18,200 on December 31, Year 5. The asset has been depreciated at an annual rate of $3200 on the straight-line method. Assuming the asset is sold on December 31, Year 5 for $15,200, the company should record:
A. Neither a gain nor a loss is recognized on this type of transaction. B. A loss on sale of $3,000. C. A gain on sale of $1800. D. A gain on sale of $3,000. E. A loss on sale of $1800.
George is buying his first house. He has spent a month looking at houses and comparing attributes such as price and location. He has contacted several real estate agents to look at different types of houses. George is most likely exhibiting ________
A) variety-seeking buying behavior B) complex buying behavior C) consumer capitalism D) dissonance-reducing buying behavior E) marketing myopia