Answer the following statements true (T) or false (F)
The U.S. dollar orientation approach to the translation of foreign operations requires an enterprise to account for foreign operations as if those operations actually occurred in U.S. dollars.
ANSWER: T
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Which of the following is not a true statement?
a. Consolidated reporting emerged in the early 1900s in response to the growth of holding companies. b. Consolidation reporting presumes that the accounting fiction of a group entity is more meaningful than defining the reporting entity in legal terms. c. There are moves afoot to curtail consolidated reporting. d. The relevant circumstance in the reporting of intercorporate equity investments centers on the notion of investor control, but, in practice, the magnitude of ownership has been the guiding criterion.
Which of the following is not one of the four groups of characteristics in Storey’s (2007) HRM model:
a. beliefs and assumptions b. specific HR practices c. critical role of managers d. strategic qualities
Which of the following is a characteristic of a benchmark job?
A. Its contents fluctuate frequently. B. It is unique to a particular employer. C. It is the highest paid job in the industry. D. It employs a reasonable proportion of the workforce. E. Its contents are little known.
Even though many U.S. companies, including General Electric, IBM, Walt Disney, and American
Express, have successfully restructured their operations to expand internationally, not many foreign firms have made their mark in the United States. Indicate whether the statement is true or false