Which of the following is the ultimate goal of the North American Free Trade Agreement (NAFTA)?
A) creation of a "social dimension" through the establishment of uniform labor and Social Security regulations
B) establishment of a monetary union through the creation of a single currency for all member states
C) creation of a totally free trade zone among the three member states
D) establishment of common prices for all goods exported from member states
C
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The statement of retained earnings accomplishes which of the following?
a. It summarizes income earned and dividends paid over a single period of the business. b. It accumulates all revenues for the year. c. It summarizes the balance sheet accounts. d. It summarizes the capital stock accounts over the life of the business.
Fabbri Wares is a division of a major corporation. The following data are for the latest year of operations: Sales$9,540,000 Net operating income$1,163,880 Average operating assets$3,000,000 The company's minimum required rate of return 14%Required:a. What is the division's return on investment (ROI)?b. What is the division's residual income?
What will be an ideal response?
Any lawsuit against the business or its employees does not lead to unlimited personal liability for the owner of a sole proprietorship
Indicate whether the statement is true or false
Profitability is the ability to generate positive market expectations.
Answer the following statement true (T) or false (F)