A shorter payback period reduces the company's ability to respond to unanticipated changes and increases the risk of having to keep an unprofitable investment.
For accounting purposes, the method used to account for investments in common stock is determined by
A) the amount paid for the stock by the investor B) whether the acquisition of the stock by the investor was "friendly" or "hostile" C) the extent of an investor's influence over the operating and financial affairs of the investee D) whether the stock has paid dividends in past years
Ethnocentrism is the tendency to prefer products or people of one's own culture over those from other countries. A product's country of origin can function as a stereotype-a knowledge structure based on inferences across products. For example, a consumer can perceive a product as being of high quality because it was made in a certain country. A highly ethnocentric consumer would likely perceive products that come from their own country as being of higher quality.
JM
Answered
The most widely used monetary tool is
A) altering the discount rate. B) altering the reserve requirements. C) open-market operations. D) altering marginal tax rates. E) None of the options are correct.