MNCs experience institutional duality when:
a. Headquarters (HQ) pressures subsidiaries to adopt its desired practices while the subsidiary is pressurized by its host context to follow local practices
b. They are not sure which laws they should be following when they operate in more than one country
c. Performance in the subsidiary lags that required by HQ
d. None of the above
a. Headquarters (HQ) pressures subsidiaries to adopt its desired practices while the subsidiary is pressurized by its host context to follow local practices
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The Canton Corporation's January 1, 2018 balance sheet reports a net pension asset of $397,500. On December 31, 2018, the projected benefit obligation was $6,479,000, the fair value of the plan assets was $6,747,000, and the accumulated benefit obligation was $3,482,500. The December 31, 2018 balance sheet should report:
A. net pension asset of $268,000. B. net pension liability of $3,264,500. C. net pension asset of $397,500. D. net pension liability of $3,482,500.
For purposes of annual budgeting, it is better to
A) express goals very broadly to allow for flexibility. B) ignore goals altogether and focus instead on savings. C) express income goals concretely and expense goals broadly; this usually assures adequate savings. D) express all goals concretely, which then reduces all goals to yearly consumption and savings targets.
The price of an S&P 500 Index futures contract is $988.26 when you decide to enter a long position
When the position is closed the futures price is $930.32. If there are no settlement requirements, what is your dollar gain or loss? (Ignore opportunity costs.) A) $14,485 loss B) $14,485 gain C) $57.94 loss D) $57.94 gain
Which of the following describes the purpose of acceptance sampling (defect-detection)?
a. Computer chips received by a computer maker are sampled before the shipment is accepted or rejected. b. The manufacturer of pocket knifes samples its process at three stages before allowing the pocket knives to be assembled. c. The manufacturer of gypsum wallboard subjects samples of its fireproof version to tests in controlled fire situations. d. Each worker is responsible for the quality of his/her output and tests each item before sending them on to packaging. e. A quality checksheet for each division is completed before the product is released to retailers.