An example of an expatriate is a
A. person born in the United States and currently a Japanese citizen working in Japan.
B. person born in Germany but currently a U.S. citizen working in the United States.
C. U.S. citizen working for a U.S. firm in Germany.
D. U.S. citizen working for a Japanese firm in the United States.
E. Japanese citizen working in Japan for a Japanese firm.
Answer: C
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Which of the following is an example of a factoring agreement?
A) Selling an individual account receivable to a bank B) Selling financial securities that are collateralized by accounts receivable C) Pledging an single large account receivable to a bank D) Assigning a group of accounts receivable as collateral for a loan
Which of the following is addressed by Section 406 of the Sarbanes-Oxley Act?
A. Management assessment of internal controls B. Policies and procedures that support the control environment C. The tone or culture of a firm D. Codes of ethics for senior financial officers
Under ideal conditions, companies operating in a ____ environment would reduce inventories of raw materials, work in process and finished goods to very low levels or even zero
A) volatile B) just-in-time C) traditional manufacturing D) favorable
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