An open account means:

a. multiple payments are made on a regular schedule
b. minimum monthly payments are made on an account balance c. half payment is due when the invoice is received
d. full payment is due within a fixed time period
e. the borrower may borrow up to the full amount of the credit limit


d

Business

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________ change is made in response to arising problems or opportunities. BP's response to an explosion on a drilling platform in the Gulf of Mexico is an example of this kind of change.

A. radical B. incremental C. proactive D. reactive E. process

Business

Which of the following best describes trend analysis?

A) calculating key ratios to evaluate performance B) expressing each financial statement amount as a percentage of a budgeted amount C) comparing a company's financial statements with that of other companies D) expressing each year's financial statement line item as a percentage of the base year amount

Business

From a group of three finalists for a privately endowed scholarship, two individuals are to be selected for the first and second places. Determine the number of possible selections.

What will be an ideal response?

Business

Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.

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

Business