For the merchant, bank credit card sales are treated in a manner similar to

A. accounts receivable.
B. cash sales.
C. installment sales.
D. layaway sales.


Answer: B

Business

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________ numbers are numbers derived from a mathematical process that appear to be random

A) Random B) Pseudorandom C) Randomized D) Semi-random

Business

Suppose the parent MNC had a choice of licensing, royalties and overhead allocations to repatriate funds from its subsidiaries, which ones represent pure profit to the parent?

A) licensing and overhead allocations B) licensing and royalties C) royalties and overhead allocations D) a combination of all three

Business

A fixed cost is a cost whose cost per unit varies as the activity level rises and falls.

Answer the following statement true (T) or false (F)

Business

The U.S. Constitution requires every state to have a legislature that has two parts, a house and a senate (or some bodies with similar structure)

a. True b. False Indicate whether the statement is true or false

Business