The type of letter of credit that can be split up between many suppliers, each able to present their own documents for payment and allowing the trader to take his profits from the balance of the credit, is called:
A) an irrevocable credit
B) a revolving credit.
C) standby credit.
D) transferable credit.
D
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The equation that describes the relationship between the balance sheet and the income statement through the Retained Earnings account is as follows:
a. Retained Earnings (beginning) - Net Income = Retained Earnings (ending) b. Retained Earnings (beginning) + Net Income + Dividends = Retained Earnings (ending) c. Retained Earnings (beginning) - Net Income - Dividends = Retained Earnings (ending) d. Retained Earnings (beginning) - Net Income + Dividends = Retained Earnings (ending) e. Retained Earnings (beginning) + Net Income - Dividends = Retained Earnings (ending)
Computer-integrated manufacturing (CIM) includes manufacturing systems that have:
A) computer-aided design, a flexible manufacturing system, inventory control, warehousing and shipping integrated. B) transaction processing, management information systems, and decision support systems integrated. C) automated guided vehicles, robots, and process control integrated. D) robots, automated guided vehicles, and transfer equipment integrated. E) all of their computers integrated with the marketing department.
One key assumption underlying many models of change is that highly desired change will happen without much resistance.
Answer the following statement true (T) or false (F)
Which of the following may be a substitute for leadership?
A) Lax individual professionalism B) Group divisiveness C) Explicit plans and goals D) A loose system of rules and procedures E) A performance-based reward system