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Globalization has

Question 19 options: created the emergence of intra-industrytrade. led to the decline to trade barriers. increased theopportunities for a firm to expand its revenue by selling aroundthe world. All of the above. (a) and (c)

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Lelia Lubowitz
Lelia LubowitzLv2
28 Sep 2019

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Related questions

Under a system of floating exchange rates, which of the following would not tend to cause an increase in the value of a country's currency?

Question 1 options:

An increased demand for the country's goods.

Offering higher interest rates than other countries.

A downturn in the country's business activity.

A lower rate of inflation than other countries.

2.

Foreign currency is usually referred to as

Question 2 options:

"foreign commodities."

"foreign exchange."

"foreign investment."

"foreign value."

3.

All else held constant, the near-term result of a decrease in the exchange value of country A's currency against country B's currency would most likely

Question 3 options:

increase A's exports to B.

decrease B's trade deficit with A.

increase B's exports to A.

decrease B's imports from A.

4.

When international trade occurs, currency exchange

Question 4 options:

is usually optional and rarely necessary.

can be avoided through careful planning.

is both necessary and unavoidable.

cannot occur unless both parties are coerced.

5.

Question 5 (1 point)

In order to purchase a vacation home in Great Britain, an American buyer would

Question 5 options:

demand British pounds and supply U.S. dollars in the foreign exchange market.

demand U.S. dollars and supply British pounds in the foreign exchange market.

demand and supply British pounds, but not U.S. dollars, in the foreign exchange market.

demand and supply U.S. dollars, but not British pounds, in the foreign exchange market.

6.

Which of the following will lead an American to exchange U.S. dollars for British pounds?

Question 6 options:

Importing a case of British salmon

Purchasing a cottage in the British countryside

Investing in a British manufacturing company

All of the above

7.

Which of the following was established as a result of the Bretton Woods Conference?
I. The International Monetary Fund (IMF)
II. The World Bank
III. The Geneva Conventions

Question 7 options:

I and II only

I and III only

II and III only

I, II, and III

8.

A "weak" (i.e., decreased value) U.S. dollar in relation to other currencies will typically have which of the following effects?

Question 8 options:

U.S. exports to other countries will decline.

Foreign countries will sell more goods in U.S. markets.

The U.S. trade deficit will increase.

None of the above.

9.

Special Drawing Rights (SDRs)

Question 9 options:

constitute an international currency created by the International Monetary Fund.

are considered as "paper gold", used as a substitute for gold in international exchange.

are used as part of the official reserves of central banks to settle international debt.

all of the above.

10.

Which of the following will lead to an inflow of U.S. dollars in the U.S. Balance of Payments account?

Question 10 options:

Exports of U.S. goods and services

Gifts (aid) received by the U.S. from foreign countries

Foreign investment in U.S. Treasury securities

All of the above

11.

If the U.S. sells $150 million of wheat to Brazil in return for $200 million of Brazilian oil, the $50 million difference will necessarily

Question 11 options:

be balanced by other transactions in the U.S. Balance of Payments account.

never by paid back, resulting in a $50 million loss for Brazil.

result in the sale of $50 million more wheat to Brazil later on.

obligate the U.S. to provide $50 million in foreign aid to Brazil.

12.

An inflow of U.S. dollars to the U.S. Balance of Payments account will occur when

Question 12 options:

the U.S. buys foreign currency in international markets.

the U.S. donates foreign aid to other countries.

Americans make investments in foreign assets.

the U.S. exports merchandise to foreign countries.

Save

13.

A demand for foreign goods

Question 13 options:

is a demand for foreign currency.

requires supplying domestic currency.

both of the above.

none of the above.

Early versions of cellular phones could do one thing—make and receive voice phone calls. Later versions were developed that could send and receive text messages, but due to their typing inter- face, performing this task was cumbersome. Then a company named Research in Motion (RIM) brought its BlackBerry phone to the market with an integrated keyboard that made typing text much easier. The BlackBerry became the phone of choice for users who wanted to send and receive e-mail messages via their cell phone, and its success soared. Unfortunately for RIM, Apple Inc. began selling the iPhone to the world in June of 2007. The iPhone was not only capable of dealing with e-mail messages efficiently, but it also allowed users to search the Internet using a popular touchscreen interface. The popularity of RIM’s BlackBerry began to decline. RIM’s sales declined 14 percent in its 2012 fiscal year compared to its sales in 2011, but its operating earnings declined 32 percent.

Required
Write a memorandum that explains how a 14 percent decline in sales could cause a 32 percent decline in profits. Your memo should address the following:
a. An identification of the accounting concept involved.

b. A discussion of how various major types of costs incurred by RIM were likely affected by the
decline in its sales.

c. The effect of the decline in sales on RIM’s margin of safety.

Question 2

To measure how long it takes customers to pay their balances wewould look at the

Question 2 options:

a) Inventory turnover ratio

b) Current ratio

c) Average collection period

d) Receivables turnover

Question 3

A company with a decreasing interest expense would see whatchange to its times interest earned?

Question 3 options:

a) An increase

b) A decrease

c) No change

d) Cannot be determined

Question 4

As we look at how a company’s ratios have changed over time weneed to consider all of these except:

Question 4 options:

a) The company’s industry

b) The direction the values have moved

c) The impact of inflation

d) None of the above

Question 6

Asset utilization ratios include all but which of thefollowing?

Question 6 options:

a) Receivable turnover

b) Inventory turnover

c) Average collection period

d) Return on assets

Question 7

All else staying equal, what impact might we assume if acompany’s debt to total assets increases?

Question 7 options:

a) Times interest earned will increase

b) Times interest earned will decrease

c) Return on equity will decrease

d) Profit margin will increase

Question 8

Higher inflation rates can show ‘false outcomes’ by

Question 8 options:

a) Lowering sales

b) Increasing sales

c) Lowering profits

d) None of the above

Question 9

If a company has a quick ratio very close to its current ratiowhat might we conclude about their inventory?

Question 9 options:

a) Inventory makes up a large portion of their current assets

b) Inventory makes up a small portion of their current assets

c) Inventory makes up all the company’s current assets

d) This does not give us information about inventory

Question 10

A company with an average collection period of 30 days in anindustry where the average collection period is 28 days would besaid to

Question 10 options:

a) Outperform the industry

b) Underperform the industry

c) Have no meaningful difference

d) None of the above

Question 12

What might we conclude about a company with a profit margin of10%?

Question 12 options:

a) It is preforming strongly

b) It is earning a sufficient return on its sales

c) It is outperforming its industry

d) We are limited by not knowing the industry average

Question 15

If a company is becoming less liquid which ratio group would weexpect to be impacted first?

Question 15 options:

a) Profitability ratios

b) Asset utilization ratios

c) Liquidity ratios

d) Debt utilization ratios

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