In a modified endowment contract, the penalty tax imposed on premature withdrawals is

When a perpetual inventory system is in use, all additions and reductions are monitored in the _______ T-account.

a. accounts payable b. assembly of inventory c. purchases d. inventory e. perpetual purchases

Firms that emphasize global standardization try to create value by:

A. retaining products and competencies within the parent country. B. realizing experience curve and location economies. C. focusing on local responsiveness. D. emphasizing localization. E. adopting an ethnocentric staffing approach.