Are the actions undertaken by the companies or individuals in the following scenarios legal or illegal pursuant to U.S. law? Please explain each of your answers. Scenario A cash payment of $250,000 was made by Durdy Coal, Inc, a U.S. corporation, to
DCI's agent with the instruction "put this to good use on DCI's behalf." In turn cash is paid to the State Importation Officer of the People's Republic of China in order to secure a Chinese import license.
Illegal. The Foreign Corrupt Practices Act prohibits U.S. companies from engaging in acts in furtherance of bribery and from authorizing bribes.
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A(n)______________lease is recorded on the lessee's balance sheet as an asset and related liability
Fill in the blank(s) with correct word
The FIFO approach to process costing assumes that items in beginning inventory were started and completed in the current period
Indicate whether the statement is true or false
In your textbook, a criticism of some modern approaches to motivation is that …
a. They are more about how managers can make people work harder, rather than about people’s psychological wellbeing. b. They do not concern themselves with the question of what drives people. c. They do not concern themselves with the question of why people are motivated to work. d. They do not work.
An advantage of LTL shipping is that ______.
a. it costs less than FedEx or UPS b. the transit times are shorter than FTL c. it is particularly convenient for very large consignments d. it is very suitable for shipping liquids