In order to combat U.S. corporations' use of illegal payments and bribes in international business dealings, Congress enacted:
a. the Future Corporation Protection Act.
b. the Foreign Corrupt Practices Act.
c. the Foreign Trade Act.
d. the International Treaty Clause.
ANSWER: b
The Foreign Corrupt Practices Act (FCPA), was enacted because Congress was concerned about U.S. corporations' use of illegal payments and bribes in international business dealings. This act prohibits U.S. corporations from making illegal payments to public officials of foreign governments to obtain business rights or to enhance their business dealings in those countries.
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The financial ratio measured as net income divided by total equity is known as the firm's:
A. profit margin. B. return on assets. C. return on equity. D. asset turnover. E. earnings before interest and taxes.
Suppose a large labor union wishes to estimate the mean number of hours per month a union member is absent from work. The union decides to sample 352 of its members at random and monitor the working time of each of them for 1 month. At the end of the month, the total number of hours absent from work is recorded for each employee. Which of the following should be used to estimate the parameter of
interest for this problem? A) A small sample confidence interval for p. B) A large sample confidence interval for ?. C) A large sample confidence interval for p. D) A small sample confidence interval for ?.