Exporting:
A. results in a lack of control over quality.
B. can be direct or indirect.
C. is the least popular method for going global.
D. results in an inability to realize location economies.
Answer: B
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Real property is depreciated using the straight-line method.
Answer the following statement true (T) or false (F)
The primary difference between a periodic and perpetual inventory system is that a
A) periodic system determines the inventory on hand only at the end of the accounting period B) periodic system keeps a record showing the inventory on hand at all times C) periodic system provides an easy means to determine inventory shrinkage D) periodic system records the cost of the sale on the date the sale is made
In the creative process, “verification” is:
A) The final step involving testing B) The penultimate testing step before actual “implementation” stage C) The step following “implementation” to measure results D) The process of verifying that everybody understands the problem
Quentin is a member of the Album of the Month Club and receives a new music CD every month without fail
The Club usually gives its members a time period within which they can reject the selection and stop shipment of the CD, failing which the CD will be shipped. Last month, Quentin received a CD from Album of the Month Club, a copy of which a friend had already gifted him. As he was away, Quentin had not found time to reject the selection and had to buy the CD. What kind of an offer-acceptance model does Album of the Month Club have? A) mirror image rule acceptance B) silence as acceptance C) acceptance-upon-dispatch D) unequivocal acceptance