Spot exchange markets provide the potential for arbitrage opportunities
Indicate whether the statement is true or false
TRUE
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A manufacturer attempting to set prices for its products in export markets must realize that CIF, VAT, and distributor markup all lead to:
A) currency devaluations. B) dumping charges. C) market skimming. D) price escalation. E) market penetration.
The accounting for leases is an excellent example of the differences in how U.S. and IFRS accounting standards are applied
a. True b. False Indicate whether the statement is true or false
Only in communist countries do governments own the factors of production.
Answer the following statement true (T) or false (F)
An individual donor gave a gift to the American Red Cross (ARC) to provide clothing for individuals who lost their homes due to a flood. At the same time, a local foundation provided the ARC funds to develop plans for a new housing subdivision away from the flood zone. The individual donor’s gift is an example of ______, while the foundation’s gift is an example of ______.
A. charity; philanthropy B. a grant; an annual fund C. bequest; planned giving D. entrepreneurship; a trust