Global firms plan, operate, and coordinate their activities on a worldwide basis
Indicate whether the statement is true or false
TRUE
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The master budget normally covers:
A. 1-5 years. B. 1 year. C. 5-10 years. D. 3 months.
Answer the following statements true (T) or false (F)
1. Although the direct method is easier to use, the Financial Accounting Standards Board (FASB) prefers the indirect method of reporting cash flows from operating activities. 2. When preparing the statement of cash flows, the amount of net cash provided by operating activities differs between the direct and indirect methods. 3. The net cash provided by operating activities is calculated in the same way, whether the company uses the direct or the indirect method of preparing the statement of cash flows. 4. The cash flow from investing activities section appears exactly the same, whether the company uses the direct or the indirect method to prepare the statement of cash flows.
In DBR (drum-buffer-rope), which of the following is the mechanism that synchronizes or subordinates all other resources and decisions to the activities of the drum in order to maximize its effectiveness?
A. drum B. buffer C. rope D. schedule
Which of the following options may be available to a lessee against whom an acceleration clause in a lease has been triggered?
A) The validity of the clause may be challenged in court on the basis of non est factum B) The validity of the clause may be challenged on the basis that it is inequitable C) The validity of the clause may be challenged on the basis that it is a penalty D) The validity of the clause may be challenged in court on the basis of mistake E) The validity of the clause cannot be challenged.