The following parties are usually guarantors in forfaiting EXCEPT:
A) commercial banks
B) government ministries of finance
C) large commercial enterprises
D) government banks
Answer: C
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Upon completion of the closing, the revenue accounts and the expense accounts will be the only accounts with balances
Indicate whether the statement is true or false
Stress is a mental and physical condition that results from a perceived threat of danger (physical or emotional) and the pressure to remove it.
Answer the following statement true (T) or false (F)
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant recorded cost of goods sold of $4,100. As a result of this transaction, Gant's quick ratio will:
A. Increase. B. Remain the same. C. Decrease. D. Cannot be determined.
If revolutionary change is the goal, the structure of the organization must be changed and ______.
A. change of culture is mandatory B. new leadership with the mission strategy should be executed C. addressing the more transactional aspects of the organization’s structure will be required D. all of these