Which of the following is a benefit provided by internal control?
A) It ensures timely collection of accounts receivables.
B) It ensures that collusion will never happen.
C) It guarantees that a business makes profit.
D) It promotes operational efficiency.
D
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The Employment Retirement Income Security Act of 1974:
A. processes unfair practice charges brought against unions and employers. B. covers only union-sponsored pension plans but not employer-sponsored pension plans. C. primarily regulates the management and vesting of established plans. D. primarily requires employers to establish pension plans.
In the EBIT-EPS approach to capital structure, risk is represented by ________
A) the slope of the capital market line B) shifts in the cost of debt capital C) the slope of the capital structure line D) shifts in the times-interest-earned ratio
Which, if any, of the following is a characteristic of the Federal estate tax?
A. A foreign tax credit is available. B. A credit for tax on prior transfers may be available. C. A charitable deduction is available. D. All of these.
Which of the following is true of the multinational approach to international competition?
A. The subsidiaries depend completely on the parent company for new products. B. The parent company allows the subsidiaries to respond to local conditions. C. The subsidiaries are completely under the control of the parent company. D. The system lowers manufacturing costs by eliminating duplication of effort. E. The companies have centralized manufacturing facilities.