There are several reasons why some analysts think that financial markets have become more highly correlated in recent years. Which one does not belong?
A. The development of a global economy has made companies and those economies more connected and less diverse
B. The new European Central Bank has coordinated economic policy across the European Union, making that region more coordinated
C. U.S. companies operating abroad, like Coca Cola, McDonalds, and ExxonMobil, are highly correlated with U.S. markets
D. Every time we have a world event such as September 11, 2001, a currency crisis, or a market collapse somewhere, the international stock markets seem to fall together, making them look like they are highly correlated
C. U.S. companies operating abroad, like Coca Cola, McDonalds, and ExxonMobil, are highly correlated with U.S. markets
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If the dollar, the yen, or the euro becomes seriously overvalued, a company with a production capacity in other locations can achieve competitive advantage by:
A) buying different currencies before major fluctuations take place. B) conducting transactions in different currencies of the world. C) shifting production among different sites. D) cutting down production and waiting until the currency rate is reasonable. E) reducing production and labor force simultaneously.
Selected information from the accounting records of the Clemens Company is as follows: Net accounts receivable at December 31 . 2013 .......... $ 900,000 Net accounts receivable at December 31 . 2014 .......... 1,000,000 Accounts receivable turnover .......................... 5 to 1 Inventories at December 31 . 2013 ...................... $1,100,000 Inventories at December 31 . 2014
...................... 1,200,000 Inventory turnover .................................... 4 to 1 What was Clemens' gross margin for 2014? a. $150,000 b. $200,000 c. $400,000 d. $500,000
What refers to devices that connect directly to other devices?
A. Human-generated B. Machine-to-machine (M2M) C. Systems thinking D. Machine-generated
Which of the following is a necessary condition for a contract to be considered valid?
A. It can be voided by both parties. B. It can be voided by one of the parties. C. It is enforceable by both parties. D. It is enforceable by at least one of the parties.