The General Agreement on Tariffs and Trade and its successor, the World Trade Organization, have resulted in
a. termination of export subsidies applied to manufactured goods.
b. termination of import tariffs applied to manufactured goods.
c. encouragement of beggar-thy-neighbor policies.
d. reductions in trade barriers via multilateral negotiations.
d. reductions in trade barriers via multilateral negotiations.
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In terms of globalization and the impact on Canadian businesses, Canada must do all of the following, except:
A) Block the transfer of intellectual capital. B) Recognize that performance will be more important than ownership and control of business. C) Forge international links. D) Recognize that there will be less distinction between foreign and domestic enterprises. E) Restructure research and development.
Hunter Sailing Company exchanged an old sailboat for a new one. The old sailboat had a cost of $270,000 and accumulated depreciation of $135,000. The new sailboat had an invoice price of $282,000. Hunter received a trade in allowance of $147,000 on the old sailboat, which meant the company paid $135,000 in addition to the old sailboat to acquire the new sailboat. If this transaction has commercial substance, what amount of gain or loss should be recorded on this exchange?
A. $135,000 loss B. $147,000 gain C. $12,000 loss D. $12,000 gain E. $0 gain or loss
Match these types of examples with the relevant decisions.
a) Three engineering graduates establish '‘EcoDry'’ a new venture that seizes a growing market opportunity. They have combined several existing technologies, creating a new, more environmentally-friendly technique for dry cleaning textiles. Choose... i) Appropriating and accumulating value ii) Identifying or creating new opportunities iii) Mobilising and leveraging resources iv) Redistributing and redirecting value b) The founders of Eco-Dry secure financial resources from a number of sources, including their own family and friends. They also decide to recruit an experienced technology entrepreneur in order to increase their credibility with potential investors and business partners. Choose.. i) Appropriating and accumulating value ii) Identifying or creating new opportunities iii) Mobilising and leveraging resources iv) Redistributing and redirecting value c) The founders of Eco Dry decide to set up a commercial holding company on a franchise- based business model; they considered adopting a social enterprise model, but decided that this had the greatest growth potential. The founders accumulate wealth from the franchisees and from their own equity stake. Choose...i) Appropriating and accumulating value ii) Identifying or creating new opportunities iii) Mobilising and leveraging resources iv) Redistributing and redirecting value d) Once it is trading, ‘Eco-Dry’ is paying wages to employees, reimbursing suppliers, paying dividends to investors and taxes to local and national governments. The founders may also decide to re-invest their profits in new projects and making donations to environmental charities. Choose... i) Appropriating and accumulating value ii) Identifying or creating new opportunities iii) Mobilising and leveraging resources iv) Redistributing and redirecting value
The analyst turned on his banker's lamp, adjusted his eye shade, and slowly pulled a legal pad from his desk. His weathered hands punched the buttons on his desk calculator deliberately as he divided earnings by total assets in order to calculate:
A) return on assets. B) cost of goods sold. C) merchandise inventory. D) profit margin.