L'Oreal acquired two U.S. firms that developed and sold hair care products to African-American customers. This permitted it to build a new ethnic hair care division in Europe and Africa. This represents an advantage of international expansion using
A. optimization of the location of value-chain activities.
B. performance enhancement.
C. learning opportunities.
D. arbitrage.
Answer: C
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Which of the following does not reflect the accounting and impact on the statement of cash flows for the sale or transfer of accounts receivable?
A. Receivable sales transfer future operating cash flows into the current period. B. Receivable sales create an operating cash inflow on the cash flow statement. C. Receivable sales are not reported in the statement of cash flows as they do not represent collections from the end customers and therefore are not part of operating cash flows. D. Receivable transfers that are secured borrowings have no effect on operating cash flows.
Workplace spirituality involves the inner life, meaningful work and ______.
Fill in the blank(s) with the appropriate word(s).
Which of the following are standard terms often in a franchise agreement?
A) exclusivity clause B) non-competition clause C) confidentiality clause D) termination/renewal clause E) all of the above
What is the expected completion time for the project?
Thai Construction A construction firm from the Phuket Province of Thailand has a five activity project lined up for the coming month. They have had some difficulty getting firm estimates on the activity durations and have resorted to the three time estimates approach to plan the project. The activities and optimistic, most likely, and pessimistic estimates (in days) for each are shown in the table. Activity Predecessor Optimistic Most Likely Pessimistic A - 5 7 10 B - 11 15 18 C A 8 12 15 D - 9 11 12 E D 6 8 10 A) 14.83 B) 16.67 C) 18.83 D) 19.00