Which of the following is correct with respect to the act of state doctrine?
a. It allows foreign countries to be liable for their torts.
b. It allows state governments in the United States to ignore treaties entered into by the United States.
c. It provides that the judicial branch of a nation should not question the validity of actions taken by a foreign government within that foreign sovereign's own borders.
d. It is a very recent addition to U.S. law.
c
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Which of the following statements is not true relating to a capitalized (capital) lease?
a. A capital lease is handled as if the lessee bought the asset. b. The leased asset is in the fixed assets and the related obligation is included in liabilities. c. On the balance sheet, the capitalized asset amount will not usually agree with the capitalized liability amount because the liability is reduced by payments, and the asset is reduced by depreciation taken. d. Usually, a company depreciates capitalized leases faster than payments are made. e. On the balance sheet, the capitalized asset amount will usually be higher than the capitalized liability amount.
A buy-and-hold strategy is generally riskier than a market-timing strategy
Indicate whether the statement is true or false.
According to the text, the financial staff's role in the forecasting process is to:?
A. ?develop different assumptions for different departments. B. ?make sure that no biases are inherent in the forecasts. C. ?ensure that all the costs like sunk costs are included in the forecasting. D. ?set the sales price and coordinating marketing schemes for use by other departments. E. ?provide a rough estimate of cash flows as sophisticated techniques are available to check their accuracy.
Capacity cushions may be lowered if companies smooth the output rate by raising prices when inventory is low and decreasing prices when it is high
Indicate whether the statement is true or false