Mountain Mining Company, a U.S. firm, owns property in Bolivia. The government of Bolivia seizes the property for an illegal purpose without paying just compensation. This is
a. confiscation.
b. defalcation.
c. dumping.
d. expropriation.
A
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The end-of-period work sheet is used to facilitate
a. preparing financial statements. b. posting the special journal. c. updating appointment records. d. recording transactions in the general ledger.
Victory Tire Company makes a special kind of racing tire. Variable costs are $220 per unit, and fixed costs are $10,000 per month. Victory sells 700 units per month at a sales price of $310. If the quality of the tire is upgraded, the company believes it can increase the sales price to $350. If so, the variable cost will increase to $230 per unit, and the fixed costs will remain the same. If Victory decides to upgrade, how will it affect operating income?
A) Operating income will decrease by $21,000. B) Operating income will decrease by $7000. C) Operating income will increase by $7000. D) Operating income will increase by $21,000.
Which of the following is an objective of the Treaty on European Union?
a. To create cultural diversity among the member nations to increase tourism. b. To develop individual national autonomy on justice and home affairs. c. To promote economic and social progress by creating an area without internal borders and by establishing an economic and monetary union. d. None of these are objectives of the Treaty on European Union.
If, for a nonlinear function, the first derivative is equal to zero and the second derivative is equal to zero, we have both a maximum and a minimum occurring simultaneously
Indicate whether the statement is true or false