The transfer of the assets of a U.S. corporation's foreign branch to a newly formed foreign corporation is always tax deferred under § 351
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: Section 367 generally makes a § 351 transfer taxable, with certain exceptions.
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When the Balance Sheet columns of the work sheet are initially footed, they should be in balance
Indicate whether the statement is true or false
According to Barney, a firm orientated to a product market strategy is unlikely to generate economic rent for which reason:
a. If there are clear substitutes, then the buyers may choose one of them b. Other firms in the market cannot buy the same resources and eliminate any rent-making possibilities c. The market for such resources will value the assets to account for the future earnings potential, making the assets very expensive and eliminating the possibility of earning economic rent d. Competition is less important than resources and capabilities
________ is a philosophy of continuous improvement of products and processes
A) Just-in-Time (JIT) Management B) Enterprise Resource Planning (ERP) C) Supply Chain Management (SCM) D) Total Quality Management (TQM)
The American economy is entirely market-directed.
Answer the following statement true (T) or false (F)