UniVision Corporation, a U.S. company, sets up a firm in Vietnam. UniVision remains in the United States and retains ownership of the Vietnamese branch, as well as authority and control over all phases of the operation. This is
a. a franchise.
b. a wholly owned subsidiary.
c. a joint venture.
d. direct exporting.
B
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Japan is mentioned in the age distribution section because
A. its declining population means that the country's social security funds will last a longer amount of time. B. it is the fastest-graying nation in the industrial world. C. its declining population means that the country's wealth will be spread among a smaller number of people, increasing its overall prosperity. D. in the future it may have almost as many retirees as children. E. its increasing fertility rate will allow it to compensate for an increased number of aged people.
Liquidated damages are awarded to parties who have experienced an injury to their legal rights but have no actual loss
a. True b. False Indicate whether the statement is true or false
The Wilson Company purchased $44,000 of merchandise from the Poole Wholesale Company. Wilson also paid $3,000 for freight costs to have the goods shipped to its location. The company uses the perpetual inventory system. Which of the following summarizes the effects of the journal entries required to record these transactions for The Wilson Company? (Consider the effects of both business events.)
A. Total debits to the inventory account would be $41,000. B. Total debits to the inventory account would be $47,000. C. Total debits to the inventory account would be $44,000. D. Transportation-in would be debited for $3,000.
Foreign-entry modes such as acquisitions and greenfield projects are usually disadvantageous because they require a high level of capital and resource investment but allow for a low level of control.
Answer the following statement true (T) or false (F)