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Answer the following statement true (T) or false (F)


True

Business

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Answer the following statements true (T) or false (F)

1.Concerning U.S. tariff policy, the offshore assembly provision (OAP) provides unfavorable treatment to products assembled abroad from U.S. made components. 2.Tariff avoidance is the legal utilization of the tariff system to one's own advantage in order to reduce the amount of tariff that is payable by means that are within the law. 3.Tariff evasion occurs when individuals or firms escape tariffs by illegal means such as smuggling imported goods into a country. 4.A foreign-trade zone (FTZ) is an area within the United States where business can operate without the responsibility of paying customs duties on imported products or materials for as long as they remain within this area and do not enter the U.S. marketplace. 5.Empirical studies show that virtually all U.S. import tariffs are "progressive" in that they disproportionately negatively impact upper income groups rather than lower income groups.

Business

Unrealized holding gains or losses on trading debt investments are reported in the ________.

A) current assets section of the balance sheet B) operating expenses section of the income statement C) other income and (expenses) section of the income statement D) accumulated other comprehensive income section of stockholder's equity

Business

Answer the following statements true (T) or false (F)

1. Establishing controls for efficiency of the payroll process is one of the main key controls for payroll. 2. Direct deposits decrease the efficiency of the payroll process because of cyber issues. 3. The Human Resources Department employees should pass out paychecks, hire employees, and fire employees. 4. If a business knows that a liability exists but does not know the exact amount, the business is unable to record the liability. 5. If a business knows that a liability exists but does not know the exact amount, the business must estimate the amount of the liability and report it on the balance sheet.

Business

Which of the following statements concerning cultural intelligence (CQ) is not true?

A. The motivational aspect of CQ captures a person's energy directed at cultural adaptation. B. The cognitive aspect of CQ refers to aspects including verbal and nonverbal skills when communicating across cultures. C. CQ captures cognitive, motivational, and behavioral tendencies that play out in intercultural interactions. D. None of these statements is true.

Business