Techel Electronics, a multinational company, manufactures its products in its home market, but treats the world as a single market with many segments in it. It sold televisions worth $47 million in 2017 in international markets, which was more than half of its total revenue. In the context of stages of global experience learning curve, the company is engaged in ________.
A. global marketing
B. no direct foreign marketing
C. international marketing
D. global partnerships
E. foreign marketing
Answer: A
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
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A. gives his client an oral report instead of a written report. B. gives his client incorrect advice based on an honest error in judgment. C. fails to give tax advice that would save his client money. D. fails to follow generally accepted auditing standards (GAAS).
Libby exchanges a building she uses in her rental business for a building owned by Randy which she will use in her rental business. The adjusted basis of Libby's building is $80,000 and the fair market value is $125,000. The adjusted basis of Randy's building is $40,000 and the fair market value is $125,000. What is Libby's recognized gain on the transaction and her adjusted basis in the building she receives?
What will be an ideal response?