An irrevocable letter of credit transfers the payment obligation for an export deal from the buyer to the buyer's:
A) in-house export organization.
B) bank.
C) freight forwarder.
D) credit union.
E) checking account.
B
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Which of the following is true with regard to a SWOT analysis?
A) It classifies SBUs into four distinct categories. B) It measures customer response to a new product. C) It evaluates the company's overall strengths. D) It evaluates the growth potential of a market segment. E) It ignores the threats faced by a company while assessing its situation in the market.
Prime cost is
A) indirect materials cost and indirect labor cost B) direct materials cost and direct labor cost C) direct labor cost and overhead cost D) selling cost and administrative cost
Because departmental overhead costs are allocated based on measures closely related to production volume, they accurately assign overhead, such as utility costs.
Answer the following statement true (T) or false (F)
Which of the following parties can defeat a perfected security interest?
a. A "buyer in ordinary course of business." b. A buyer of consumer goods if the buyer is not aware of the security interest, gives value for the goods, will continue to use the goods as consumer goods, and the secured party has not filed a financing statement. c. A buyer who purchases chattel paper or an instrument in the ordinary course of business, and then takes possession. d. All of the above are correct.