ROC Engineering, a Chinese shipbuilding company, agrees to build a fleet of submarines for the Sri Lankan navy, for which it will be paid in the local Sri Lankan currency
As per the agreement, ROC must also spend a substantial amount of the money it generates through this deal within the country. In accordance with the contract, ROC buys Sri Lankan tea at a reduced rate. This is an example of which of the following forms of countertrade?
A) descending bid
B) offset
C) barter
D) compensation deal
E) buyback arrangement
B
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The audit committee is responsible for all of the following except
a. engaging the company's independent auditors. b. assuring that reliable accounting records are kept. c. auditing the company's financial statements. d. ascertaining that the company safeguards its resources.
A stock's beta measures its diversifiable risk relative to the diversifiable risks of other firms.
Answer the following statement true (T) or false (F)
Pierre Omidyar saw the opportunity that led to eBay when he linked three items: (1) a personal fascination with creating more efficient markets, (2) the desire of his fiancée to locate hard-to-find collectible Pez dispensers, and (3) the ineffectiveness of local classified ads in locating such items. This is an example of which innovator DNA trait?
A. networking B. associating C. experimenting D. questioning
One of the criteria for scaling compensable factors is to ensure that the number of degrees used is necessary to distinguish among jobs.
Answer the following statement true (T) or false (F)