Currency appreciation can transform a low-cost location into a high-cost location
Indicate whether the statement is true or false.
TRUE
Adverse changes in exchange rates can quickly alter a country's attractiveness as a manufacturing base. Currency appreciation can transform a low-cost location into a high-cost location.
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Which of the following constitutes duress?
A) an event that occurs when one person consciously decides to induce another person to rely and act on a misrepresentation B) a situation in which one person takes advantage of another person's mental, emotional, or physical weakness and unduly persuades that person to enter into a contract C) a threat to commit extortion unless someone enters into a contract D) the knowledge that a representation is false or that it was made without sufficient knowledge of the truth
Martin Enterprises provides the following information about its single product
Targeted operating income $50,830 Selling price per unit $6.55 Variable cost per unit $4.25 Total fixed cost $94,070 What is the contribution margin per unit? A) $0.35 B) $10.80 C) $2.30 D) $4.25