A medical center had no contract with the federal government, but it did have a contract with a health maintenance organization, which, in turn, had contracted with the federal government to provide medical care to federal government employees. The medical center's contract with the HMO said nothing about affirmative action responsibilities. Does the OFCCP have the right to audit the medical
center?
a. Yes
b. No
A
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Apple Company had terms of net 60 days for customers. The number of days' sales in accounts receivable for Apple was 42 days. Apple is efficient in the collection of its receivables
a. True b. False Indicate whether the statement is true or false
Which of the following parties has secondary (conditional) liability for a negotiable instrument?
a. Maker b. Acceptor c. Issuer d. Indorser
A disadvantage of using credit as a source of liquidity is the
A) inconvenience of using credit. B) potential cost of finance charges. C) acceptability of credit by creditors. D) poor records available after credit use.
Travel agencies perform distinct functions that pertain to a company’s distribution system. Which of the following is NOT one of them?
a. Distribution and sales network b. Reservations and ticketing c. Information provision and travel counseling d. Welcoming guests in a resort