Identify the statement that holds true of revised Article 3 of the Uniform Commercial Code regarding checks.
A. Under revised Article 3, a payor bank may pay a postdated check before the stated date unless the drawer has notified the bank of postdating pursuant to a procedure set out in the Code.
B. Revised Article 3 states that an instrument which names a fixed time for payment should not contain a clause permitting the time for payment to be accelerated at the option of the maker.
C. Revised Article 3 prevents an instrument from meeting the "unconditional promise" if it requires a countersignature of a person whose specimen signature appears on the draft.
D. Under revised Article 3, an instrument does not qualify as a check if it contains the engraving "money order" on its face.
Answer: A
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1.Antidumping duties result in an increase in consumer surplus. 2.The result of antidumping duties is to impose a floor on foreign prices. 3.According to U.S. trade law, dumping is defined as selling a product at a price that is greater than fair value. 4.The most likely/common reason for international dumping is that firms are international price discriminators, responding to different demand conditions in different markets.
A goal of the process value analysis (PVA) is to reduce nonvalue-adding activities. Outline a procedure a company could use to accomplish this goal
FICA stands for:
a. None of the answers are correct. b. Federal Indemnity Contributors Act. c. Federal Insurance Contributions Act. d. Freedom of Information and Communications Act.
How has Kraft Foods benefited from its hostile takeover of Cadbury PLC?
A. Its main strategic focus is now on the domestic market. B. It gained a monopoly in the chocolate-manufacturing industry. C. It has access to convenience stores and a new distribution channel. D. It has opened a market that is growing slowly but has high profit margins.