If a company's home currency strengthens, it is:
A) a favorable turn of events for the typical exporter.
B) an unfavorable turn of events for the typical exporter.
C) a favorable turn of events since the revenues increase in home currency.
D) an unfavorable turn of events for exporter's home country.
E) neither favorable nor unfavorable turn of events for the typical exporter.
B
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_________________ is simply reasoning from an analogy; it is making an argument by comparing two cases.
a. Inductive reasoning b. Analogical reasoning c. Deductive reasoning d. Causal reasoning
Describe what a consolidated income statement shows
Altonvista Inc., a company based in California, is sued by a plaintiff from the state of Texas. Which of the following statements would apply to this situation?
A) The case must be heard in the California federal court as this is a subject matter in which federal courts have exclusive jurisdiction. B) If the plaintiff chooses to bring the case to the California federal court, it would stay in the federal court. C) If the plaintiff decides to bring the case to the California federal court, Altonvista Inc. can have the case moved to a California state court. D) The case can only be heard in a California state court as the matter is not subject to federal jurisdiction.
If a firm were to experience financial insolvency, the legal system provides an order of hierarchy
for the payment of claims. Assume that a firm has the following outstanding securities: mortgage bonds, common stock, debentures, and preferred stock. Rank the order in which investors that own mortgage bonds would have their claim paid? A) first B) second C) third D) fourth