When Cisco Systems Inc. of San Jose, California, and Tata Consultancy Services of Mumbai, India, entered into a relationship, they both continued to develop market-ready infrastructure and network solutions for customers, but they relied on each other to provide the training and skills that one or the other might have lacked. This relationship is best described as
A. NAFTA.
B. a joint venture.
C. CAFTA.
D. an international partnership.
E. a strategic alliance.
Answer: E
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A capital expenditure results in a debit to a(n)
a. expense account. b. capital account. c. asset account. d. liability account.
The adjustment for changes in operating working capital accounts depends in part on a firm's rate of growth. Some firms use short- or long-term borrowing or equity financing, which is
a. classified as operating activities. b. classified as financing activities. c. classified as investing activities. d. disclosed in a supplementary schedule or notes to the financial statements. e. disclose such changes in managements' discussion and analysis.
Which of the following should be the main determinant for selection of the allocation method for long-term operational assets?
A. The method that best matches the pattern of asset use. B. The method that is most convenient to compute. C. The method that provides the greatest return to the stockholders. D. The method that provides the best tax advantage.
Capital rationing is a constraint placed on the amount of funds that can be invested in a given
time period. Indicate whether the statement is true or false