Which of the following is an example of a central bank that is owned by a national government?
A. the Bank of England
B. the Central American Monetary Union
C. the World Bank
D. the Arab Monetary Fund
A
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The international marketing manager of an office furniture company ordered a research report on global telecommunications equipment sales The report noted that, in the early 1990s, AT&T was awarded a $4 billion contract to provide communication network products and services in Saudi Arabia. The manager took this as a cue to put Saudi Arabia on her information agenda, reasoning that office furniture sales would increase as the country's telephone system was improved. As described here, the marketing manager is viewing Saudi Arabia as a(n):
A) latent market. B) incipient market. C) cluster market. D) existing market. E) primary market.
When the net price method is used to record credit sales, the sales discounts not taken account is reported as a(n)
A) addition to sales returns and allowances on the income statement. B) deduction from gross sales on the income statement. C) deduction from selling expenses on the income statement. D) addition to sales revenue on the income statement.
Suppose the manufacturer pays a commission on every car sold. Then, the salesperson's commission is classified as a(n) ________
A) cost of labor B) traceable common cost C) non-traceable common cost D) advertising cost E) direct cost
In a partnership, the entry to close net loss ________.
A) increases assets B) increases liabilities C) decreases Partners' Capital accounts D) decreases the Income Summary account