There are ____________ layers in the OSI model.

Fill in the blank(s) with the appropriate word(s).


Seven

Business

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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.

Business

When the customer pays with a credit card

a. the retailer receives payment from the credit card issuer promptly, typically within a few days. b. the retailer treats the transaction like a cash sale. c. the credit card issuer bears the risk of nonpayment by the customer. d. the customer compensates the issuer by paying finance charges and other fees. e. all of the above.

Business

A voidable contract is a contract that gives one of the parties the option of withdrawing from the agreement

Indicate whether the statement is true or false

Business

Two basic types of decision alternatives are used to arrive at acceptable production or staffing plans: supply options and demand options

If an organization that faces seasonal demand uses a supply option approach, which one of the following actions is it most likely to implement? A) introduction of complementary products B) creating a stock of anticipation inventory C) advertising to generate demand during off-peak periods D) discounting products in off-peak periods

Business