Executives at Oswego Enterprises, a U.S. textile company, are discussing the idea of expanding into the Asian market by opening a facility in Hong Kong. Which of the following is a characteristic of Hong Kong?

Independent projects are those whose cash flows compete with one another and therefore more than one project needs to be accepted in order to implement the capital budgeting decision

Indicate whether the statement is true or false

Which of the following provisions of legislation to deal with conflicts of interest does not increase the flow of information in financial markets?

A) Requiring a firm's chief officers to certify its financial statements and other disclosures B) Requiring investment banks to make their analysts' recommendations public C) Requiring disclosure of off-balance-sheet transactions D) Increasing resources available to the Securities and Exchange Commission to supervise financial markets