Which of the following is an example of extraterritoriality?
A) a U.S. subsidiary operating in China that is forced to follow some U.S. laws, even though China has no comparable laws
B) a U.S. sweatshop operating in Thailand that does not follow U.S. labor laws but allows children to work 60 hours a week
C) an MNE manager who, after working in the host country, tries to implement foreign practices in the home-country office
D) a British subsidiary operating in Indonesia that maintains the same health and safety standards for its foreign factories that are required in Great Britain, even though the British government does not require it to use those standards
A
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To close a sale more effectively, it helps to look at the value proposition:
A) from the customer's point of view B) from the competition's point of view C) as a made-up concept D) as the objective to reach for E) to determine which type of close to use
Rearden Metal needs to order a new blast furnace that will be delivered in one year. The $1,000,000 price for the blast furnace is due in one year when the new furnace is installed. The blast furnace manufacturer offers Rearden Metal a discount of $50,000 if they pay for the furnace now. If the interest rate is 7%, then the NPV of paying for the furnace now is closest to:
A) ($15,421) B) $15,421 C) ($46,729) D) $46,729