A record, such as an e-mail or fax, now satisfies the writing requirement under both the UCC and common law
Indicate whether the statement is true or false
True
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What is the internal business process perspective?
There exists a single international court and legal system capable of resolving all commercial disputes between private parties
Indicate whether the statement is true or false
Financial statements are prepared after an entity's transactions are analyzed and recorded. Which of the following reports is one of the required financial statements?
A) Statement of cash flows B) Statement of return on assets C) Statement of dividends D) Expense statement
Which of the following is true of corporations that operate in several different countries?
A. A nation may expropriate the assets of multinational corporations without compensation. B. Differences in legal systems of host nations make it easy for executives trained in one country to operate effectively in another. C. Cash flows in various parts of a multinational corporate system are denominated in one currency. D. Multinational corporations have the advantage of uniform attitudes toward risk taking from one country to the next. E. Uniformity of tax-laws across different nations result in proper coordination and control of subsidiaries.