Which of the following is true of doing business in Italy?
A) Businesspeople tend to be quite informal in terms of introductions and dress.
B) Entertaining clients at your home is considered better than doing so in a restaurant.
C) Gifts are considered bribes and will insult the recipients.
D) Most Italian businesspeople are in a hurry, so quick decision making is important.
E) Professional titles are used quite often in business dealings.
E
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Based on the information in Table 4-1, the fixed asset turnover ratio is
A) 2.17. B) 4.39. C) 4.80. D) 1.69.
Which of the following is the best way to prevent an agency problem between shareholders and managers?
A) Maintain a proportional relationship between a manager's bonus and the number of employees in the firm. B) Compensate managers to a significant degree with shares of stock in their firm. C) Reward managers if they keep costs below the budgeted amount. D) Pay managers a bonus if their division exceeds its targeted market share. E) Pay managers a bonus if their division exceeds its quarterly sales target.