The combination of a letter of credit, a sight draft, and an order bill of lading protect both parties in international transactions from which of the following?
A) the risk of noncompletion
B) the risk of foreign exchange risk (when combined with a various hedging techniques)
C) the risk that financing will not be available due to foreign exchange risk
D) All of these risks are reduced when using these trade implements.
Answer: D
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Pollet Company started business at the beginning of 2012. Pollet selected the FIFO method for its inventory costing. The profits will maximize for 2012 under this method, in a period of:
A) rising prices. B) declining prices. C) stable prices. D) prices fluctuating up and down at the same amount consistently throughout the year.
A simple random sample of 100 observations was taken from a large population. The sample mean and the standard deviation were determined to be 1234 and 120 respectively. The standard error of the mean is
A. 1234 ± 120. B. 120. C. 1.2. D. 12.
In the case of UBS Securities Canada v. Sands Brothers Canada, the court held that:
A) There was not an enforceable agreement because the agreement to sell the shares was not in writing. B) There was not an enforceable agreement because some terms were expressly left to be decided later. C) There was not an enforceable agreement because there was no consideration. D) There was an enforceable agreement because all the essential terms were included. E) There was not an enforceable agreement because the price of the shares had changed significantly after the initial offer to purchase was made
According to Taylor (2017), five major personality constructs are extraversion/introversion, emotional stability, agreeableness, conscientiousness and ______.
a. hardiness b. locus of control c. openness to experience d. none of these