A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed that:
A. an international orientation should be an important part of college business education.
B. international business skills and knowledge were important for promotion to senior executive positions but not for appointment to entry-level positions.
C. the importance of international business skills and knowledge for promotion to senior executive positions was higher for companies anticipating an increased level of importance of international activities in the next five years.
D. all of the above.
E. two of A, B, and C.
Ans: E. two of A, B, and C.
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Minmax Co.'s direct labor information for February is as follows:
Direct labor hours worked (AQ) 33,600 Standard direct labor hours for units manufactured (SQ) 35,000 Unfavorable direct labor rate variance$11,760 Total payroll for direct labor$470,400 The standard direct labor rate per hour (SP) (to two decimal places) for February was:
Cash borrowed on a mortgage note is a(n) ________ activity on the statement of cash flows
A) operating B) investing C) financing D) non-cash investing and financing