The reason that a discount factor in year 3 is less than a discount factor in year 2 is that
A) cash flows are uneven.
B) compounding does not occur.
C) cash flows are even.
D) present value is positive.
E) a dollar received in three years is worth less than a dollar received in two years.
E
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Which of the following statements is NOT true regarding overall resource management?
A) A firm would like to have as LITTLE money tied up in inventory as possible. B) A firm would like to receive payment from customers as QUICKLY as possible. C) A firm would like to generate as LITTLE revenue as possible for a given level of fixed assets. D) A firm would like to take as LONG as possible to to pay its suppliers.
Which of the following is NOT an example of a service export?
A) a management firm providing advice to a foreign client B) an investment bank arranging financing for a foreign firm C) a coffee chain opening a new store in a foreign country D) an engineering firm building roads in a foreign country