Because political risk is seldom negotiable, it cannot be explicitly addressed in multinational corporate financial analysis.
Answer the following statement true (T) or false (F)
False
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The independent auditor's report
a. describes which financial statements are covered by the audit b. gives the auditor's opinion regarding the fairness of the financial statements c. summarizes what the auditor did d. states that the financial statements were presented on time
Because business meetings that are conducted over meals are less formal, and often after regular work hours, it is appropriate to offer personal information over drinks
Indicate whether the statement is true or false.
Which of the following guidelines is one of the basic rules given in the text for using questions?
A. Remain silent, even for a few minutes, to get an answer from the prospect. B. Agree with everything the prospect says. C. Ask a non-directive question after receiving a negative response. D. If the prospect pauses in his answer, answer for him. E. Show the prospect the product after asking a product question.
Which of the following statements is CORRECT?
A. Free cash flow (FCF) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. B. After-tax operating income is calculated as EBIT(1 - T) + Depreciation. C. Two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. D. If a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. E. Retained earnings as reported on the balance sheet represent cash and are therefore available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers.