A boom in product liability suits and awards in the United States resulted in a dramatic increase in the cost of liability insurance. Many business executives argue that this:
A. makes American businesses less competitive in the global marketplace.
B. offers American businesses greater protection from foreign competitors.
C. exposes consumers to greater product risks.
D. eventually makes it cheaper for foreign companies to do business in the United States.
E. discourages American companies from outsourcing jobs to less developed countries.
A
A boom in product liability suits and awards in the United States resulted in a dramatic increase in the cost of liability insurance. Many business executives argue that the high costs of liability insurance make American businesses less competitive in the global marketplace.
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The market value of a fixed-rate liability will increase as interest rates rise, although the market value of a fixed-rate asset will decrease as interest rates rise.
a. true b. false
Which of the following is the first step in the managerial control process?
A) investigating the causes of variance from goals B) computing the variance between goals and actual performance C) calculating the performance ratio D) setting fair performance goals E) gathering objective data in a timely manner