China, Mexico, and Japan are the three largest trading partners of the United States, in terms of the total volume of imports and exports.

The first step in determining whether an impairment has occurred is to estimate the future net cash flows expected from the use of that asset and its eventual disposition.

a. true b. false

Which of the following is the distinguishing characteristic of a born global company?

A) the speed at which the company becomes active in global markets B) the company's preference for entering countries with different languages and commercial practices C) the company's preference for using direct investment as a market entry strategy D) the size of the company E) the company's ability to overcome trade barriers