The International Court of Justice (ICJ) has not been an important force in resolving international business disputes. In fact, in its seven-decade history, the ICJ has heard fewer than 200 cases. Which of the following statements regarding the ICJ is NOT true?
a. Only states can be a party to litigation before the ICJ.
b. The ICJ only has jurisdiction over states that have agreed to be bound by its decisions.
c. The ICJ has no enforcement power.
d. The U.S. has agreed to abide by ICJ jurisdiction in all cases.
d
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On January 1 . 2014, O'neil, Inc signed a noncancelable lease for a silver polishing machine. The machine has an estimated useful life of nine years. The term of the lease is a six-year term with title passing to O'neil at the end of the lease. The agreement called for annual payments of $40,000 starting at the end of the first year. Assume aggregate lease payments were determined to have a
present value of $200,000, based on implicit interest of 1 . percent. What amount of interest expense should O'neil report in its 2014 income statement from this lease transaction? a. $0 b. $16,000 c. $24,000 d. $33,333
You cannot be held liable for the actions of your agents if the agents are violating your instructions
a. True b. False Indicate whether the statement is true or false
There is always a chance that the music loving public cannot be convinced of the need to return to the 8-track format for new releases. The probability that we don't sell one million units before the holiday season is:
A) Promotion risk. B) Market risk. C) Organizational risk. D) Financial risk.
Dusty is evaluating two bids to supply fence hardware for the 5 acres of pasture that need to be fenced
Breezy submits a bid of $40 per unit with a defect rate of 3%; Lady's bid is $50 per unit and their product manager estimates the defect rate to be around 0.5%. If a section of fence fails, it costs an average of $500 in losses and herding costs to round up all of the capybaras. Dusty believes it will take 500 units to fence in this pasture configuration. The product manager's uncertainty has Dusty concerned; what defect rate for Lady would make Dusty indifferent between the two suppliers as far as total cost is concerned? A) 1% B) 0.5% C) 0.33% D) 0%