Long-term debt financing is normally used to provide working capital to finance inventory, accounts receivable, and operation of the business.
Answer the following statement true (T) or false (F)
False
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The Weber Company purchased a mining site for $500,000 on July 1, 2009. The company expects to mine ore for the next 10 years and anticipates that a total of 100,000 tons will be recovered. The estimated residual value of the property is $80,000. During 2009 the company extracted 4,000 tons of ore. The depletion expense for 2009 is
A) $10,500 B) $43,200 C) $16,800 D) $20,000
If a court determines that a manager's corporate decision amounted to self-dealing,
A. the business judgment rule will not apply. B. the transaction being challenged will be automatically voided. C. the manager is automatically personally liable to the corporation. D. the manager will automatically be fired.
Marketing is the performance of activities that seek to accomplish an organization's objectives by anticipating customer or client needs and directing a flow of need-satisfying goods and services from producer to customer or client.
Answer the following statement true (T) or false (F)
In the context of the strategies for reaching global markets, which of the following statements is true of exporting?
A. It is colloquially known as foreign outsourcing. B. It is ineffective for small and mid-sized companies. C. It is the most basic level of international market development. D. It means producing products abroad and selling them domestically.