Agency theory studies are a special case of:
a. capital markets research.
b. the decision-model approach.
c. critical accounting.
d. behavioral research.
ANSWER: D
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Empirical studies show that because voluntary export quotas are typically administered by exporting countries, foreign exporters tend to
a. raise their export prices, thus capturing much of the quota's revenue effect. b. lower their export prices, thus losing much of the quota's revenue effect. c. raise their export prices, thus selling more goods overseas. d. lower their export prices, thus selling fewer goods overseas.
Communities of interest formed around a specific product are referred to as what?
A) Brand socializers B) Sentiment analyst C) Target markets D) Brand communities E) Teasers
Tisa is a subordinate who simply acknowledges the power of her boss based merely upon his relative position in the hierarchy of authority. She seldom questions orders. Tisa exemplifies which of Hofstede’s dimensions?
A. collectivism B. high power distance C. long-term orientation D. low power distance
Which of the following costing methods combines the cost of units in beginning inventory with the current period costs to determine the unit production cost?
A) LIFO B) Average cost C) FIFO D) Direct