The ________ of the balance of payments measures all international economic transactions of financial assets
A) current account
B) merchandise trade account
C) services account
D) capital and financial accounts
Answer: D
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The UCC applies only to commercial sales of goods, whereas the CISG governs both consumer and commercial transactions.
Answer the following statement true (T) or false (F)
Most large companies consist of four organizational levels: the corporate level, the ________ level, the business unit level, and the product level
A) board of director B) major stakeholder C) management team D) division E) strategic
Which of the following statements about saving face is most accurate?
A) Members of low-context cultures are indirect and go to great lengths to avoid giving offense by saying no. B) People in low-context cultures are extremely concerned with saving face. C) Face refers to the image a person holds in his or her social network. D) In business transactions around the world, economic factors are the primary motivators of people.
Which of the following would be a breach of the implied warranty of merchantability?
a. A knife that cuts its user when slicing a bagel b. A radio that does not pick up FM signals c. A match that burns a spot in the carpet when accidentally dropped d. A watch that does not keep accurate time after getting wet