In which of the following multinational company (MNC) structures is tight process bureaucratic control used to maintain product quality and consistency?
A. Global product division
B. Transnational network structure
C. Global area division
D. Matrix structure
Answer: A
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Of the nine directors of each Federal Reserve Bank, ____ are elected by member banks.
A. zero B. three C. six D. nine
Which of the following torts constitutes battery?
A. stealing a person's wallet B. threatening to shoot a person C. blackmailing a person D. poisoning a person's drink
The length of the investment in a foreign country has no impact on the risk assessment for that investment. What matters are the economic and political situations in the country.
Answer the following statement true (T) or false (F)
Which of the following statements is CORRECT? Assume that all projects being considered have normal cash flows and are equally risky.
A. If a project's IRR is equal to its cost of capital, then under all reasonable conditions, the project's IRR must be negative. B. If a project's IRR is equal to its cost of capital, then under all reasonable conditions the project's NPV must be zero. C. There is no necessary relationship between a project's IRR, its cost of capital, and its NPV. D. When evaluating mutually exclusive projects, those projects with relatively long lives will tend to have relatively high NPVs when the cost of capital is relatively high. E. If a project's IRR is equal to its cost of capital, then, under all reasonable conditions, the project's NPV must be negative.