A foreign currency option is an agreement between a holder (corporation) and a writer (commercial bank) that gives the holder the right to buy or sell a certain amount of foreign currency at any time through some specified date.
a. True
b. False
b. False
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Which of the following is not a result of adopting a just-in-time operating environment?
a. Reduced materials waste b. Reduced production time c. Reduced total labor hours d. Reduced production costs
The variable costing format is often more useful to managers than the absorption costing format because
a. costs are classified by their behavior. b. costs are always lower. c. it is required for external reporting. d. it justifies higher product prices.
One of Jameson's biggest challenges is keeping track of expense reports and reimbursements. Braeden's policy is to have employees pay for expenses and then reimburse them when they submit receipts for their expenses
To make sure he is reimbursed for his trip expenses, Jameson should: A) ask the sales department's administrative assistant to complete and submit the reports when she has a chance B) invest in a machine that scans his receipts in so he can print out copies of them when he returns from his trip C) email his manager and cc the accounting department every week with a list of outstanding reimbursements D) take an online course in Excel to get better at keeping track of his expenses E) submit his expense reports and receipts immediately after completing each trip
In the global environment of multinational organizations, when there is a(n) ______ of subunits of the organization, much of the coordination and control shifts to individuals in positions that link the subunits.
A. global integration B. loose coupling C. managerial role D. extra role