The simplest way to enter international business is through:
a. exporting
b. importing
c. licensing
d. international joint ventures
e. strategic alliances
a. exporting
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A firm must establish control policies, procedures, and practices that ensure the firm's business objectives are achieved and its risk mitigation strategies are carried out.
Answer the following statement true (T) or false (F)
JKL Insurance Company estimates that 14 out of every 100 homeowners it insures will file a claim each year. Last year, JKL insured 200 homeowners
According to the law of large numbers, what should happen if JKL insures 2,000 homeowners this year? A) The total number of claims filed by JKL policyowners should decrease. B) The total dollar value of claims will decrease. C) The average size of loss will decline in value. D) The actual results will more closely approach the expected results.
The comprehensive annual financial report (CAFR) of a government should contain a statement of revenues, expenses, and changes in net position for:
A. Both proprietary and fiduciary funds. B. Governmental but not proprietary funds. C. Proprietary but not governmental funds. D. Both proprietary and governmental funds.
The purchase of one corporation by another is called a merger.
Answer the following statement true (T) or false (F)