Which of the following organizations was responsible for putting forth the UN Convention for the International Sale of Goods (CISG) and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention)?
A)the World Bank
B)the UN Commission on International Trade Law
C)the International Monetary Fund
D)the World Intellectual Property Organization
B
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If a company uses a standard cost system, inventory records can be updated from the
a. vendor invoice b. purchase order c. receiving report d. purchase requisition
SEM is distinguished by the explaining of the covariance among the measured items or
observed variables. Indicate whether the statement is true or false
Riley Industries is considering an investment that will require an initial cash outlay of $200,000 to purchase non-depreciable assets. The project promises to return $60,000 per year (after-tax) for eight years with no salvage value. The company's cost
of capital is 11 percent. The company is uncertain about its estimate of the life expectancy of the project. How many years must the project generate the $60,000 per year return for the company to at least be indifferent about its acceptance? (Do not consider the possibility of partial year returns.) Present value tables or a financial calculator are required.
Ratios provide little information unless the analyst places them in a context. After calculating the ratios, the analyst must compare them with some standard. Which of the following is not a possible standard?
a. The planned ratio for the period. b. The corresponding ratio during the preceding period for the same firm. c. The corresponding ratio for a similar firm in the same industry. d. The average ratio for other firms in the same industry. e. The corresponding ratio during the succeeding period for the same firm.