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Question
The management of Sport Shoes Corporation, a U.S. firm, wants to expand into foreign investment and employment markets. They are considering either opening their own production facility in a foreign country or entering into a licensing agreement with a foreign firm. What are the advantages and disadvantages of each of these courses of action?Answer
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Related questions
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a. a breach of ethics.
b. a defalcation.
c. a mistake in judgment.
d. professional negligence.
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a. actual fraud.
b. constructive fraud.
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a. scienter was lacking.
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c. the negligence was not the proximate cause of the client's losses.
d. the negligence was only contributory.
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Estes, an accountant, contracts to perform services for Frasier. In performing those services, Estes uncovers a suspicious financial transaction. Estes is most likely not liable if he
a. acted negligently in failing to discover the transaction sooner.
b. conceals the discovery and otherwise finishes the work.
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An accountant who prepares a financial statement in good faith may avoid liability under Section 18 of the Securities Exchange Act of 1934.
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If a third party will be affected by a contract, the parties to the contract are in privity with the third party.
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Once the government begins to clean up a waste disposal site, only the party who generated the waste must contribute to the cost.
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b. the best possible available technology.
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a. prohibited.
b. required.
c. unnecessary.
d. voluntary.
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a. compel the EPA to act only.
b. compel the EPA to act or prevent it from acting.
c. neither compel the EPA to act nor prevent it from acting.
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a. no federal law.
b. the Fair and Accurate Credit Transactions Act.
c. the Fair Debt Collection Practices Act.
d. the Truth-in-Lending Act.
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a. the Clayton Act.
b. the Federal Trade Commission Act.
c. the Sherman Act.
d. no law.
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a. market power.
b. predatory pricing.
c. price discrimination.
d. price-fixing.
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