Why is public disclosure of financial information less important in Japan than in other industrialized countries?
A. Very few corporations
B. Undeveloped stock exchange
C. Heavy reliance on bank financing
D. Strong government control of corporations
Ans: C. Heavy reliance on bank financing
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A company produces 300 microwave ovens per month, each of which includes one electrical circuit
The company currently manufactures the circuit in-house but is considering outsourcing the circuits at a contract cost of $34 each. Currently, the cost of producing circuits in-house includes variable costs of $28 per circuit and fixed costs of $5,000 per month. The controller says that they could outsource production of the circuit, if it reduces fixed cost more than $1,800 per month. Is this statement true or false? Indicate whether the statement is true or false
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A) discretionary income B) product C) brand D) monopolistic E) oligopolistic