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1. Which of the following is NOT a guideline for an effective strategic planning process?
It should not be too formal, predictable, or rigid.
It should not be a formal system for control.
It should not become ritualistic, stilted, or orchestrated.
It should not contain jargon or arcane planning language.
It should employ International Financial Reporting Standards (IFRS).
2. As of 2012 which of the following countries had a top corporate tax rate below 30 percent?
Israel and Japan
Israel but not Japan
Japan but not Israel
Brazil
France
3. A seller in Chicago contracts to ship goods to a buyer in Denver. Which of the following contract terms means that risk of loss remains with the seller until the goods reach Denver?
"FOB Chicago."
"FOB Denver."
Both A and B.
Neither A nor B.
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