Exchange rates
A) help increase a nation's productivity level.
B) are a minor consideration for foreign investors.
C) are volatile and introduce a source of risk in international transactions.
D) are currently fixed for the world's major currencies.
E) have little effect on the prices of imports and exports.
C
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Because of the many managerial tasks involved and the role of leadership in strategy execution, when implementing a strategy
A. assembling a strong management team is especially important. B. changing market conditions are likely to throw the entire strategy execution efforts off track. C. it is critical to ensure that all anticipated strategy-supportive resources and capabilities are already in place. D. an effectively structured organization can lead to higher bureaucratic costs. E. strengthening the firm's core competencies is the number one priority.
Which of the following statements best describes the procedures under the Clean Air Act?
A) The federal government sets and enforces the standards. B) The state governments set the standards; the federal government enforces the standards; if the federal government does not adequately enforce the standards, the states may enforce them. C) The state governments set and enforce the standards. D) The federal government sets the standards; the state governments enforce the standards; if the states do not adequately enforce the standards, the federal government may enforce them. E) Both the federal and state governments set standards and each enforces its own standards.
A firm offers credit terms of 3/15, net 20 to its customers, which means the firm allows its customers to:
A. take a 15 percent discount on the invoice price if payment is made on or before Day 20 of the billing cycle; after that, only a 3 percent discount will be available. B. take a 20 percent discount on the invoice price if payment is made on or before Day 15 of the billing cycle; after that, only a 3 percent discount will be available. C. take a 3 percent discount on the invoice price if payment is made on or before Day 15 of the billing cycle; otherwise, the entire bill is due by Day 20. D. take a 15 percent discount on the invoice price if payment is made on or before Day 3 of the billing cycle; otherwise, the entire bill is due by Day 20. E. take a 20 percent discount on the invoice price if payment is made on or before Day 3 of the billing cycle; otherwise, the entire bill is due by Day 15.
When interest is accrued on a note payable, but not paid, the
A. Interest Expense account is decreased; the Interest Payable account is increased. B. Notes Payable account is increased; the Interest Payable account is increased. C. Interest Expense account is increased; the Interest Payable account is decreased. D. Interest Expense account is increased; the Interest Payable account is increased.