The bank that is responsible for inspecting the documents to be sure they are in order, remitting payment to the seller, and negotiating the documents to the buyer is called:
A) issuing bank
B) negotiating bank.
C) advising bank.
D) lading bank.
A
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Erica's supervisor told her to arrange for a conference room at the Kelly Inn. Erica has express authority to contract for the room
a. True b. False Indicate whether the statement is true or false
A company has 800 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $62 per share. It also has 18,000 shares of common stock outstanding, and the total value of its stockholders' equity is $656,200. The company's book value per common share equals:
A. $34.23. B. $36.46. C. $34.90. D. $32.27. E. $33.70.
Which of the following statements is a reason why a company would buy treasury stock?
A. To have stock available to issue to employees in stock option plans. B. Because management believes the market price of the stock is undervalued. C. To avoid a hostile takeover. D. All of these are reasons a company would buy treasury stock.
In an oligopoly situation, a wise marketing manager will probably set the firm's price level
A. on a negotiated basis-that is, customer by customer. B. above competitors' prices. C. below competitors' prices. D. at least 10 percent below the price leader's price. E. at the competitive level.