During the gold standard, the international monetary system was also called the dollar-based gold standard

Indicate whether the statement is true or false

FALSE

Business

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Petrus Company has a unique opportunity to invest in a two-year project in Australia. The project is expected to generate 1,000,000 Australian dollars (A$) in the first year and 2,000,000 Australian dollars in the second. Petrus would have to invest $1,500,000 in the project. Petrus has determined that the cost of capital for similar projects is 14%. What is the net present value of this project if the spot rate of the Australian dollar for the two years is forecasted to be $.55 and $.60, respectively?

a. $2,905,817. b. ?$94,183. c. $916,128. d. none of the above

Business

______________ refers to the ability of managers to establish a direction for the organization based on the needs identified in the marketplace and the mission (reason for being) of the organization.

A. Human capital B. Assets C. Business Acumen D. Visionary leadership E. Managerial Acumen

Business