Which of the following institutions simplifies financial settlements between buyers and sellers in different countries?
A) The U.S. State Department
B) The International Monetary Fund
C) The World Bank
D) Commercial banks
E) The Internet
Answer: D
Explanation: D) Banks convert currencies used by buyers into the seller's currency. Money itself need not flow between the banks in each country, unless some is needed to cover a difference between inflows and outflows.
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The human resource department of Miller Memorial Hospital has played a leading role in helping the hospital become a high-performance work system. Recently, the team has been focusing on the organization's performance management. Which effort would most directly ensure that performance management supports the development of a high-performance work system?
A. developing the hospital's talent to move into positions of greater responsibility B. ensuring the confidentiality of the organization's primary objectives C. identifying and hiring people who are enthusiastic about and able to contribute to teamwork D. making sure employees know how their work contributes to the hospital's mission E. preventing organizational culture from influencing employees' behaviors
All of the following are classified as definitely determinable liabilities except
a. sales tax payable. b. estimated property tax payable. c. the current portion of long-term debt. d. unearned revenue.
________ refers to the process by which the receiver interprets the sender's message.
A. Feedback B. Decoding C. Encoding D. Tracking E. Precoding
The twin goals of inventory management are (1) to ensure that the inventories needed to sustain operations are available, but (2) to hold the costs of ordering and carrying inventories to the lowest possible level.
Answer the following statement true (T) or false (F)