Which of the following does NOT characterize international trade in the past 30 years?
A) The number of multinational corporations has more than doubled.
B) Half the largest economies in the world are corporations.
C) Trade value of products and services grew even during the recession.
D) U.S. companies have long been successful at international marketing.
E) Home markets are just as rich in opportunity as foreign markets.
E
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If Hong Kong and Taiwan had identical labor costs but were subject to increasing costs of production,
a. trade would depend on differences in demand conditions. b. trade would depend on economies of large-scale production. c. trade would depend on the use of different currencies. d. there would be no basis for gainful trade.
Marketers can assume that people who buy a given product want the same benefits from it
Indicate whether the statement is true or false
In a time of rising prices, unrealized holding gains on ending inventory are
a. higher under LIFO than FIFO. b. higher under FIFO than LIFO. c. reported on the income statement. d. required to be reported in notes to the financial statements. e. none of the above
Hayward Inc Hayward Inc produces a unique item. Hayward's management team wishes to perform a variance analysis on its fixed overhead. Fixed overhead is applied to units produced using direct labor hours as its cost driver. The company's managerial accountant has compiled the following information: Projected data: Estimated direct labor hours 50,000 hours Estimated fixed overhead $75,000 Actual
data: Actual production 104,000 units Actual direct labor hours used 52,000 hours Actual fixed overhead $80,000 Refer to the Hayward Inc information above. Hayward's fixed overhead volume variance is: A) $5,000. B) $2,000. C) $3,000. D) $2,500.