Why do companies not export?
A. They are reluctant to embark on a new and unknown operation.
B. They are preoccupied with the host market.
C. They do not feel a need for exporting.
D. They do not wish to increase their sales.
Answer: A
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Which of the following statements describes the benefits of a pull strategy?
A. It forecasts the competitor's demand. B. It decreases inventory turnover. C. It allows more efficient production and distribution scheduling to increase costs. D. There is less likelihood of being overstocked or out of stock at each store. E. It does not require advanced systems for implementation.
Under inflationary conditions, FIFO generally results in a lower profit than does LIFO, and this difference can be substantial
Indicate whether the statement is true or false
A foreign subsidiary of a U.S.-based company has been notified of a loss contingency with an estimated cost ranging between $220,000 and $250,000 which is probable of resulting in an actual loss. Each dollar amount within this range of cost is equally likely of being the actual outcome.According to IFRS, what is the amount recognized as a provision for loss contingency?
A. $250,000 B. $220,000 C. No amount will be recorded but an amount will be disclosed in the notes to the financial statements. D. $110,000 E. $235,000
If one party to a contract breaks the contract, the other party generally is under a duty to stop any further performance to avoid sustaining greater damages
Indicate whether the statement is true or false