The responsibility for managing day-to-day operations and carrying out corporate policies belongs to the ________
A) board of directors
B) chief executive officer
C) stockholders
D) creditors
B
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Which of the following techniques for gathering primary data facilitates the discussion of a product concept or a social trend?
A) observation B) documentation C) focus group D) online search
Atlantic Princess Corporation is considering the purchase of a new ocean-going vessel that could potentially reduce labor costs of its operation by a considerable margin. The new ship would cost $500,000 and would be fully depreciated by the straight-line method over 10 years. At the end of 10 years, the ship will have no value and will be scuttled. Atlantic Princess's cost of capital is 12
percent, and its marginal tax rate is 40 percent. Refer to Atlantic Princess Corporation. If the ship produces equal annual labor cost savings over its 10-year life, how much do the annual savings in labor costs need to be to generate a net present value of $0 on the project? (Round to the nearest dollar.) Present value tables or a financial calculator are required. a. $68,492 b. $115,154 c. $88,492 d. $157,487
Procedural due process requires that any government decision to take a person's property must be made fairly
a. True b. False Indicate whether the statement is true or false
Translation principles in many countries require the use of historical exchange rates for current assets, current liabilities, and income accounts
Indicate whether the statement is true or false.