Identify a true statement about the globalization of research and development (R&D) .

A) In Asia, R&D is increasing at a rate faster than the growth of countries' gross domestic product (GDP) .
B) Japan represents more than 50 percent of global spending on R&D.
C) In the United States, nearly 70 percent of R&D is funded by the government.
D) Private businesses are not allowed to invest in R&D.

"Goods" for purposes of the Code are essentially defined as tangible, movable, personal property.

Ocean Corporation owns 30% of Woods Corp.for which it paid $5.5 million and uses the equity method to account for the investment.Woods Corp.paid stockholders a $100,000 dividend.Therefore,the Investment in Woods Corp.account will decrease by Ocean's $30,000 proportionate share of the Woods.Corp.dividend.

If you are traveling in China and you purchase a meal that costs 140 yuan and the current exchange rate is 7 yuan to the dollar, then the price of the meal in U.S. currency is

A) $200.
B) $20.
C) $10.
D) $2.

If you ________ prevent at a low cost another person from enjoying the benefits of a good that you produced, the good is nonexcludable. This is a characteristic of a ________ good.

A) can; public
B) cannot; public
C) cannot; private
D) can; private

Job descriptions typically include ALL of the following EXCEPT:

A) Job Title
B) Supervision
C) Work Performed
D) Job Context
E) Salary Range