Answer the following statements true (T) or false (F)
1. Evaluated receipts settlement (ERS) compresses the payment approval process into a single step.
2. Evaluated receipts settlement (ERS) is a streamlined process that bypasses paper documents altogether.
3. Electronic data interchange (EDI) allows a retailer's computers to communicate with the computers of suppliers.
4. Cash in the bank is more liquid than a petty cash fund.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
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Assume the U.S. has a competitive advantage in producing calculators, while the rest of the world has a competitive advantage in steel. Suppose the U.S. and the rest of the world enter into an agreement to lower import quotas below existing levels on calculators and steel. Which of the following would least likely occur for the U.S.? Rising levels of
a. consumer surplus for American buyers of steel. b. producer surplus for American steelmakers. c. production in the American calculator industry. d. producer surplus for American calculator producers.
A pharmaceutical company in Utah recently released a new and expensive anti-ulcer drug in the market. The company justifies the high price of the drug by claiming that it is highly effective for treating all kinds of ulcers
The company also claims that the new drug will help bring down the need for invasive surgeries, an additional benefit for patients. Which of the following pricing strategies is the pharmaceutical company most likely using in this instance? A) target pricing B) markup pricing C) cost-based pricing D) value-based pricing E) break-even pricing
Exchange rate risk can often be hedged by using currency forward, futures, or options markets
Indicate whether the statement is true or false
If an organization does not have the wealth to provide pensions and pay for other benefits, it cannot follow a custodial approach.
Answer the following statement true (T) or false (F)