Answer the following statements true (T) or false (F)
1. Globalization refers to decreasing constraints, whether economic, political, or cultural among the peoples of the world.
2. Canadian universities are increasingly recruiting faculty and students from other nations. The global labour market is an example of political globalization.
3. NAFTA is a result of economic globalization.
4. American cultural imperialism has resulted in shifting values in other nations.
5. Whereas political and social/cultural globalization are controversial, economic globalization is accepted as a positive approach.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. FALSE
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________ accounting refers to the manner in which consumers code, categorize, and evaluate financial outcomes of choices
A) Cost B) Financial C) Behavioral D) Mental E) Factual
What can be surmised from the existence of the Sarbanes-Oxley Act?
a. There are sometimes legal requirements with respect to having a code of ethics. b. Companies without codes of ethics are bound to violate the law. c. Federal law requires that every company have a written code of ethics. d. The federal government has dictated the content of codes of ethics for many companies.
A production line is to be designed for a product whose completion requires 21 minutes of work. The factory works 400 minutes per day. Can an assembly line with five workstations make 100 units per day?
A) yes, with exactly 100 minutes to spare B) no, but four workstations would be sufficient C) no, it will fall short even with a perfectly balanced line D) yes, but the line's efficiency is very low E) cannot be determined from the information given
Helena Furnishings wants to reduce its cash conversion cycle. Which of the following actions should it take?
A. Increases average inventory without increasing sales. B. Take steps to reduce the DSO. C. Start paying its bills sooner, which would reduce the average accounts payable but not affect sales. D. Sell common stock to retire long-term bonds. E. Sell an issue of long-term bonds and use the proceeds to buy back some of its common stock.