All of the following are reasons that firms rely heavily on locals to fill foreign subsidiary management positions EXCEPT ________
A) pressure from local government
B) lower costs than using expatriates
C) improved public relations in community
D) high level of skills and technical qualifications
Answer: D
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In the current year, an unmarried individual with modified adjusted gross income of $25,000 paid $1,000 interest on a qualified education loan entered into on July 1. How may the individual treat the interest for income tax purposes?
a) As a $500 deduction to arrive at AGI for the year. b) As a nondeductible item of personal interest. c) As a $1,000 deduction to arrive at AGI for the year. d) As a $1,000 itemized deduction.
An advantage of the current ratio is that it considers the makeup of the current assets
a. True b. False Indicate whether the statement is true or false