___________is allowing a firm to believe that their behavior abroad is acceptable as long as it adheres to the legal standards and norms of the country in which a particular aspect of their business is located.

a. Ethical relativism
b. Legal compliance
c. International placation
d. Ethical sloth


a. Ethical relativism

Business

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Even though contracts are often fixed in the short run, as time passes, prices and costs can be changed to reflect the new competitive realities caused by a change in exchange rates

Indicate whether the statement is true or false.

Business

Spoofing occurs when someone pretends to be someone else.

Answer the following statement true (T) or false (F)

Business

The Board of Governors is composed of

a. seven members appointed by the President of the United States b. the 12 presidents of Fed district banks. c. the Federal Open Market Committee, plus the Federal Advisory Council. d. the Federal Open Market Committee, plus the President of the United States.

Business

To estimate the cash flow from operations, depreciation must be added back to net income because it is a non-cash charge that has been deducted from revenue

a. True b. FalseIndicate whether the statement is true or false

Business