Which of the following accounting conventions would an accountant most likely apply when facing major uncertainties?
a. Full disclosure
b. Conservatism
c. Materiality
d. Consistency
B
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Which of the following is a possible drawback of a bank run??
A. ?It leaves the banks with excess reserves. B. ?It leads to a fall in investment activities because of lack of loans available to business firms. C. ?It leads to a fall in the demand for loans by the business firms. D. ?It leads to an excessive increase in the supply of money by the banks.
Strategic competitive actions include all the following except
A. mergers and alliances. B. new product introductions. C. product and service enhancements. D. changing production capacity.
Which of the following statements is true regarding return of premium term insurance?
A) The insurance is free because premiums are refunded at the end of the coverage period. B) Life insurers charge less for this coverage than for regular term insurance that does not include a refund provision. C) The return of premium is only offered on one-year term insurance policies. D) The coverage is expensive and is not free when time value of money is considered.
According to your text, ____ are small technology-based firms operating in international markets almost immediately after their establishment and realizing as much as 70% of their sales outside the domestic home market.
A. "natural globals" B. "multinational corporations" C. "born globals" D. "born multinationals" E. "multinational enterprises"