An American manufacturer has been asked to provide construction equipment to a foreign government. The contract is for a sizable amount, so the manufacturer wants to protect itself should the foreign government refuse to pay for the equipment once it has been delivered. What should the American manufacturer insist upon having if it wants to protect its right to sue the government in the event it
does not pay for the goods?
A)a release of sovereignty
B)a statement of extraterritoriality
C)a waiver of immunity
D)a submission of arbitration to the ICA
C
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An example of an item that is deducted from net income when preparing the operating activities section of the statement of cash using the indirect method is
a. depreciation expense. b. compensation expense related to stock option plans. c. income from an investment accounted for using the equity method. d. unrealized losses on trading investments
Having high quality schedules for delivery vehicles can lead to?
a. Lower in-transit inventories b. More on-time deliveries c. Both lower in-transit inventories and more on-time deliveries d. Neither lower in-transit inventories nor more on-time deliveries
_______________________________ are autonomous groups of employees who are responsible for a set of job tasks as well as routine maintenance tasks.
Fill in the blank(s) with the appropriate word(s).
In the textbook Case of Estate of Southworth v North Shore Animal League
a. The North Shore Animal League sought a court order for an early distribution of trust assets. b. The court found the gift to the North Shore Animal league did not violate the rule against perpetuities and was thus valid. c. The court found against the North Shore Animal League's contention that a holographic will existed. d. The court found the gift to Ms. Southworth's pet Doberman was valid.