Which of the following types of firms are least likely to have their MC,AVC,and ATC curves affected by fluctuations in gasoline prices?

A) Firms like UPS that use a fleet of gasoline-powered vehicles.
B) Taxi cab and limousine companies.
C) Companies that operate bus tours to popular vacation destinations.
D) Firms like iTunes that distribute their products over the internet.

When a U.S. company purchases a factory in Singapore, this will be a

A) credit on the current account of the U.S. balance of payments.
B) debit on the current account of the U.S. balance of payments.
C) an inflow of money on the financial account of the U.S. balance of payments.
D) an outflow of money on the financial account of the U.S. balance of payments.

The MRP schedule of the perfect competitor declines _____ than that of the imperfect competitor.

Which attitude is necessary in today's competitive global marketplace, according to the author?

A) Ethnocentric
B) Multinational
C) Polycentric
D) Low-context
E) Geocentric

A statement of cash flows can be prepared using:

A) the reconstruction of ledgers approach.
B) the formula approach.
C) the spreadsheet approach.
D) all of the above.

Guidelines (rules-of-thumb) are general standards of comparison developed from:

A) Industry guidelines.
B) Past experience.
C) Analysis of competitors.
D) Relations between financial items.
E) Dun and Bradstreet.