When the American company Exxon purchases crude oil from Saudi Arabia, it is engaging in
A. licensing.
B. importing.
C. free trade.
D. exporting.
E. dumping.
Answer: B
You might also like to view...
The auditor notices significant fluctuations in key elements of the company's financial statements. If management is unable to provide an acceptable explanation, the auditor should:
A. consider the matter a scope limitation. B. intensify the examination with the expectation of detecting management fraud. C. withdraw from the engagement. D. perform additional audit procedures to investigate the matter further.
Which of the following is an exception that would force going-rate prices to deviate from unit
costs? A) sudden spikes in prices due to perceived future cost increases B) shifts in the perception of product category, such as a product previously considered a luxury item becoming a commodity C) presence of a few major players in the industry D) long periods of stable economic conditions that bring about economic prosperity
Ralph candidly thinks to himself, "I just don't know if I have the leadership skills to progress in my career. I've made it to the second level of management, but I want to contribute at a greater level. I have always held the view that ‘leaders are born, not made,' and I have considered myself fortunate to be one of these born leaders. I have the necessary leadership traits. However, as my responsibilities have increased, I have become less and less effective in leading larger and more diverse organizations. The negative performance of my business unit is reflecting this, as is my ability to develop my staff." How would you advise Ralph?
A. View each leadership situation to be unique, and adapt your leadership style to the situation. B. Hire only those staff whose personalities and backgrounds are well suited to your leadership style. C. Employ coercive power on those staff members who do not respond to your leadership. D. Exclusively use a transactional approach to excite, transform, and empower your staff. E. Consistently use your trait approach to leadership, and you'll find that your staff will eventually adapt.
A computer rework center has the capacity to rework 300 computers per day. The expected number of computers needing to be reworked per day is 225 . The center is paid $26 for each computer reworked. The fixed cost of renting the reworking equipment is
$250 per day. Work space rents for $150 per day. The cost of material is $18 per computer and labor costs $3 per computer. What is the break-even number of computers reworked per day?