If used properly, symbols can effectively help persuade
Indicate whether the statement is true or false
TRUE
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Which of the following is NOT a distinctive characteristic of born-global firms, according to Tanev?
a. High activity in international markets from or near the founding due to founder’s vision b. Managers who have a strong international outlook c. Emphasis on competing on cost achieved through global economies of scale d. Emphasis on differentiation strategy targeting niche markets
Peggy's credit card debts are mounting as her costs of insurance and fuel have dramatically increased and her income, from sporadic free-lance jobs, has dropped. Chapter 13 of the Bankruptcy Code will allow her to reorganize her debt while she keeps most of her assets
a. True b. False Indicate whether the statement is true or false
The 2001 revision of the RULPA provides that, when a limited partnership is a limited liability limited partnership,:
A) a general partner is personally liable for a contractual obligation. B) a general partner is personally liable for an obligation arising from a tort. C) a contractual obligation or an obligation arising from a tort is solely the obligation of the limited partnership. D) a contractual obligation or an obligation arising from a tort is the joint and several obligation of the limited partnership and the general partners.
A company that was to be liquidated had the following liabilities: Income Taxes$10,000 Notes Payable secured by land 100,000 Accounts Payable 44,000 Salaries Payable ($16,000 for Employee #1 and $4,000 for Employee #2) 20,000 Administrative expenses for liquidation 20,000 The company had the following assets: Book ValueFair ValueCurrent Assets$100,00095,000Land 50,00075,000Building 150,000200,000?Assets available for unsecured creditors after payments of liabilities with priority are calculated to be what amount?
A. $243,150. B. $220,000. C. $275,000. D. $248,150. E. $223,150.