Most financial crises in the United States have begun with
A) a steep stock market decline.
B) an increase in uncertainty resulting from the failure of a major firm.
C) a steep decline in interest rates.
D) all of the above.
E) only A and B of the above.
E
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false.
When companies are setting prices in different countries, the problem with setting a market-based price in each country is that ________
A) it allows intermediaries in low-price countries to reship their products to high-price countries B) the company would earn the same profits everywhere, regardless of the cost structure C) this strategy might price the product out of the market in countries where costs are high D) this strategy would make the price too high in poor countries and not high enough in rich countries E) it prevents the company from differentiating its products
The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is Clydesdale Company's investment turnover?
A) 1.80 B) 2.25 C) 1.25 D) 1.4