Which of the following is NOT true of NAFTA?
A. The agreement has a long adjustment phase-in time period.
B. It expands trade by requiring equal treatment of U.S. firms in Mexico and Canada.
C. It will provide additional opportunities for the United States in long-term affiliations with other countries in the Western Hemisphere.
D. It provides protection for intellectual property among its members.
E. Business licensing requirements have been increased.
Answer: E
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Kanbar Novelties is a wholesaler of costumes and costume accessories in the U.S. Gwen's Barrow is a retail store in Iowa that sells Halloween costumes. Gwen's Barrow placed an order for 75 ninja swords, made of glass, from Kanbar Novelties. Kanbar placed the swords in cardboard boxes and shipped them by railroad, without wrapping them in protective material. Moreover, Kanbar failed to indicate that the box contained fragile goods. As a result, there was no care taken to ensure that the box was handled safely. The box was placed under other heavier goods which crushed the glass swords in the box. Kanbar claimed that its obligations ended with the delivery to the carrier and that the risk of loss was on Gwen's Barrow. What argument would you make in favor of Gwen's Barrow?
What will be an ideal response?
?Which of the following statements is true of the payback period method of capital budgeting?
A. ?It is the simplest and oldest formal model to evaluate capital budgeting projects. B. ?It directly accounts for the time value of money. C. ?It considers the discounted value of cash flows beyond the payback period. D. ?It always results in maximizing the value of the firm. E. ?It incorporates risk into the discount rate used to solve the payback period.
Isaac and Holiday Fruit Company enter into an oral contract under which Isaac agrees to provide delivery service for holiday Fruit for nine months. This contract is enforceable by
A. Isaac. B. Holiday Fruit. C. any interested third party, such as a Holiday Fruit customer. D. none of the choices.
The job opening for the post of senior accountant in Parabam, a law firm, was advertised in the Sunday supplements of two leading newspapers. In the context of human resource (HR) planning, this scenario best illustrates _____.
A. management development B. external recruitment C. employee separation D. employee selection