If your after-tax expected real interest rate is 3 percent and your expected inflation rate is 2 percent, what was the nominal interest rate on your one-year bond if you faced a tax rate of 20 percent?
A. 5.0 percent
B. 5.75 percent
C. 6.0 percent
D. 6.25 percent
Answer: D
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Procter & Gamble's introduction of All-Temperature Cheer laundry detergent in Japan was a flop at first
The problem was that Japanese women wash clothes in cold water–either tap water or leftover bath water–so they don't care about all-temperature washing (which is a big selling point in the United States). Also, Cheer was first introduced in Japan at a time when the market for fabric softeners in Japan was rapidly expanding. However, when Japanese housewives added lots of fabric softener to the water, Cheer didn't produce many suds (Americans don't use as much fabric softener). P&G reformulated the product so it wouldn't be affected by fabric softeners, and ads for Cheer in Japan pledged superior cleaning in cold water, not all temperatures. Which of the following might have helped P&G avoid the initial problems with Cheer? A) Maslow's hierarchy B) high vs. low context culture C) diffusion of innovation D) self-reference criterion E) polycentric orientation
Which of the following is not a main provision of the Foreign Corrupt Practices Act of 1977 (FCPA)?
a. No U.S. person or companies that have securities listed on U.S. markets may make a payment to a foreign official for the purpose of obtaining or retaining business. b. Companies that have securities listed on U.S. markets must make and keep financial records that accurately and fairly reflect the transactions of the company. c. Designing and maintaining internal accounting controls is the role of internal auditors when management conducts business in a foreign country. d. Certain payments made to an official to expedite the performance of the duties that the official would already be bound to perform are acceptable.
The proportion of sales volumes for various products in a multiproduct company is known as the sales mix.
Answer the following statement true (T) or false (F)
Planning is a process that never ends and is extremely important in the early stages of any new venture.
Answer the following statement true (T) or false (F)