When a U.S. company conducts business in another country, it needs to comply only with applicable U.S. laws.

John owns a small department store that issues its own credit cards. He has been considering

phasing out his own credit card and accepting only cash. If John chooses to do this he will be going from a position of risk ________ to one of risk ________. A) assumption; avoidance B) avoidance; reduction C) assumption; transfer D) reduction; transfer

From the concept of an "efficient frontier," the point on a frontier that is optimal for all firms: a. is the top point

b. is the point closest to the vertical axis. c. is the point halfway between the two end points. d. cannot be determined since firms vary in their willingness to accept risk.