If a foreign investor is prohibited by the host country's laws from owning a majority of a joint venture, another way to gain operational control is:
A) secretly to have other foreign nationals invest money in trust for the investor
B) to use American management techniques with cumulative voting for the board of directors.
C) to surround the joint venture with contractual obligations to the foreign investor.
D) A and C.
C
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Suppose the standard for a given cost during a period was $80,000. The actual cost for the period was $72,000. Under what circumstances would you consider the variance from budget to be a positive performance indication?
A) The cost is fixed, and actual production was 90 percent of the standard level of budgeted production. B) The cost is variable, and the standard cost noted above is the cost at a production level lower than the actual production level. C) The cost is variable, and actual production was 90 percent of the standard level of production. D) The cost is variable, and actual production was 75 percent of the standard level of production.
A patent applicant must demonstrate that an invention is "commercially practicable" to receive a patent
Indicate whether the statement is true or false
Which of the following statements is false?
A) If you are listed as a dependent on your parent's return, you need not file an individual return yourself. B) If you are under 24 and a full-time student, you may be claimed as a dependent on your parent's return. C) A qualified tuition reduction is tax-free. D) Scholarships and fellowships may or may not be included in taxable income.
For a given level of EBIT, greater changes in EPS produce
A) a decline in the degree of operating leverage. B) a decline in the degree of financial leverage. C) an increase in the degree of operating leverage. D) no effect on any type of leverage. E) an increase in the degree of financial leverage.