Table 141Hypothetical Costs of Producing an Automobile for Toyota Inc

question 1

Multiple Choice

Table 14.1.Hypothetical Costs of Producing an Automobile for Toyota Inc.of Japan

-Refer to Table 14.1.Assume that Toyota Inc.obtains all of its automobile inputs from Japanese suppliers.If the yen's exchange value appreciates from 200 yen = $1 to 100 yen = $1,the yen cost of a Toyota automobile equals:

• A) 4,000,000 yen
• B) 6,000,000 yen
• C) 8,000,000 yen
• D) 10,000,000 yen

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Definitions:

Corporate Veil

A legal concept that separates the personal liability of shareholders and officers from that of the corporation itself.

Artificial Legal Person

A non-human entity that is given legal rights and responsibilities, such as a corporation or a government body.

Bylaws

The internal rules of management adopted by a corporation at its first organizational meeting.

Incorporate

The process of legally forming a corporation, which is a type of business entity recognized as separate from its owners.