Suppose that the likelihood for each of the scenarios 1 through 3 is 0.3, 0.4, and 0.3, respectively. What is the optimal decision under the expected opportunity loss criterion?

Under IFRS, if inventory is written down to a new lower market value, this cannot be reversed in later periods

a. True b. False Indicate whether the statement is true or false

Which of the following approaches uses an intermediary such as an outside research agency to bring headquarters and country operations together?

a. Coordinated research approach b. Top-down approach c. Decentralized approach d. Centralized approach