A risk-averse international firm that enters a foreign market on a small scale will increase its potential losses
Indicate whether the statement is true or false.
FALSE
A risk-averse international firm that enters a foreign market on a small scale may limit its potential losses, but it may also miss the chance to capture first-mover advantages.
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A CPA who prepares clients' federal income tax returns for a fee must
A. File certain required notices and powers of attorney with the IRS before preparing any returns. B. Keep a completed copy of each return for a specified period of time or keep a summarized list of specified return information. C. Receive client documentation supporting all travel and entertainment expenses deducted on the return. D. Indicate the CPA's federal identification number on a tax return only if the return reflects tax due from the taxpayer.
A portfolio has three stocks — 300 shares of Yahoo (YHOO), 300Shares of General Motors (GM), and 80 shares of Standard and Poor's Index Fund (SPY)
If the price of YHOO is $20, the price of GM is $30, and the price of SPY is $150, calculate the portfolio weight of YHOO and GM. A) 11.1%, 20.0% B) 16.7%, 28.3% C) 22.2%, 33.3% D) 22.2%, 43.3%