Which of the following is an intangible asset?
A) plant and machinery
B) goodwill
C) building
D) land
B) goodwill
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Answer the following statements true (T) or false (F)
1.An import tariff will worsen the terms of trade for a "small" country but improve the terms of trade for a "large" country. 2.Suppose that the tariff on imported steel is 40 percent, the tariff on imported iron ore is 20 percent, and 30 percent of the cost of producing a ton of steel consists of the iron ore it contains. The effective rate of protection of steel is approximately 49 percent. 3.True 4.Assume that the United States imports laptops from South Korea at a price of $200 per unit and that these laptops are subject to an import tariff of 20 percent. Also assume that U.S. components are used in the laptops assembled by South Korea and that these components have a value of $100. Under the Offshore Assembly Provision of U.S. tariff policy, the price of an imported laptop to the U.S. consumer after the tariff has been levied is $220. 5.Assume that the United States imports televisions from Taiwan at a price of $300 per unit and that these televisions are subject to an import tariff of 25 percent. Also assume that U.S. components are used in the televisions assembled by Taiwan and that these components have a value of $100. Under the Offshore Assembly Provision of U.S. tariff policy, the price of an imported television to the U.S. consumer after the tariff has been levied is $375
Which of the following conditions normally would not indicate that standard costs should be revised?
A) The engineering department has revised product specifications in responding to customer suggestions. B) The company has signed a new union contract which increases the factory wages on average by $2.00 an hour. C) Actual costs differed from standard costs for the preceding week. D) The world price of raw materials increased.
Before Gabriel bought a camera, he reviewed magazines, solicited opinions from friends and families, conducted online searches, and tested out different cameras in the store. This is an example of a(n) ________.
A. end-user investigation B. extensive information search C. low involvement purchase D. internal information search E. minimal information search
Which of the following is an advantage of host-country nationals?
A. Loyalty to the country may outweigh loyalty to the company B. May be more advantageous than parent-country managers due to similar culture and/or language with host C. Compensation is generally easier, based on local pay scale D. More effective communication with parent-country management E. All the choices are correct