A) The managers are not responsible for increasing the ROI of an organization.
B) Managerial actions do not have a significant impact on firms' profitability.
C) Return on investment is not a valid indicator of organizational profitability.
D) Environmental factors also contribute to ROI of firms and these factors differ.
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A) reduce the number of transactions between subsidiaries
B) avail tax credit from governments
C) establish a tax treaty amongst multiple countries
D) to reduce the fixed costs of establishing a subsidiary
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Financial management in an international...View Answer
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A) reveal less information than reports of British or U.S. firms
B) contain detailed information required by individual investors
C) overvalued assets and undervalued liabilities
D) made more public disclosures compared to firms in other countries
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A) are rules for preparing financial statements
B) define the levels of tax-payments needed
C) specify the rules for performing an audit
D) refer to the technical process of balancing accounts
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A) Firms that export to tax havens get special tax concessions from home governments.
B) Firms would require huge capital investments to start business in tax havens.
C) Nations such as United States are widely regarded as tax havens.
D) Firms can save tax by establishing a non-operating subsidiary in the tax haven.
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A) It is not useful in shifting earnings from a high-tax country to a low-tax one.
B) Transfer pricing does not treat each subsidiary as a profit center.
C) It is not effective when significant currency devaluation is expected.
D) A transfer price policy cannot be used to move funds when dividends are restricted.
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A) ending
B) initial
C) ideal
D) projected
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A) can issue a new accounting standard if majority of the board members agree
B) was formed to replace the Financial Accounting Standards Board
C) proposes standards but has no power to enforce the standards
D) was formed to supervise the accounting practices that U.S. firms follow
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If external financing is required,the fi...View Answer
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Accounting has often been referred to as...View Answer
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A) Capital budgeting does not provide connection between cash flows to the parent and subsidiaries.
B) Its basic framework is vastly different from the framework of domestic capital budgeting.
C) Capital budgeting does not consider the cash flows between subsidiaries of a firm.
D) It enables top managers to compare different investment alternatives in an objective fashion.
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Transaction costs are the cost of exchan...View Answer
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A) projected
B) initial
C) ideal
D) ending
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A) avoid host-country restrictions on the remittance of funds from a foreign subsidiary
B) implement a cost-based and fair pricing policy across an international business
C) increase the profit center revenue of a subsidiary functioning in another country
D) implement a market-driven and fair pricing policy across an international business
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