The implicit exchange rate between two currencies when both are quoted in some third currency is called a(n):
A) open exchange rate.
B) cross-rate.
C) backward rate.
D) forward rate.
E) interest rate.
B) cross-rate.
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Which of the following is a characteristic of superior ethics training?
a. flattening of the power relationship between management and nonmanagement b. accountability for both management and nonmanagement employees c. referral of misunderstandings to neutral third parties d. reduced management credibility
Under U.S. GAAP and IFRS reporting standards, management assesses the firm's assets for impairment at each reporting date by determining if impairment indicators are present. Impairment indicators do not include
a. the decline in the market value of an asset significantly beyond what would be expected because of use or the passage of time. b. significant adverse changes in the entity's technological environment. c. significant adverse changes in the entity's economic environment. d. significant adverse changes in the entity's legal environment. e. significant adverse changes in the entity's Chief Executive Officer's health.
Ignacio Inc. is a public stock company. Which of the following statements about the company best illustrates the fact that its investors have limited liability?
A. Shareholders of Ignacio are not permitted to trade their company stock at the New York Stock Exchange (NYSE). B. Shareholders of Ignacio are responsible to the company only to the capital they have invested. C. Employees of Ignacio are also the owners of the company. D. Employees of Ignacio are legally permitted to invest their capital in the company's stock.
In a completely randomized experimental design involving five treatments, 13 observations were recorded for each of the five treatments (a total of 65 observations). The following information is provided. SSTR = 200 (Sum Square Between Treatments) SST = 800 (Total Sum Square) The mean square within treatments (MSE) is
a. 50 b. 10 c. 200 d. 600