A/An ________ letter of credit is an obligation only of the issuing bank whereas other banks honor a/an ________ letter of credit
A) irrevocable; unconfirmed
B) revocable; confirmed
C) confirmed; irrevocable
D) unconfirmed; confirmed
Answer: D
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Research and development costs are
a. treated as an expense when incurred. b. capitalized but not amortized. c. capitalized and amortized over the periods that will probably benefit from the research and development. d. included with the cost of the patent resulting from the research and development.
If there are conflicting terms on commercial paper, typewritten terms prevail over handwritten terms.
Answer the following statement true (T) or false (F)
Ford sells tropical fish displays for offices. At the end of the sales presentation, the prospect says, "I just don't have room in my waiting area for a fish tank." Ford responded, "I certainly understand your point. Our larger tanks do take up a lot of space, but we do offer several smaller varieties that can fit in the wall and would have the same calming effect on your patients." What kind of an objection did the prospect use? What method was Ford using to handle an objection?
What will be an ideal response?
To make an e-mail newsletter useful for customers, one should ________
A) keep them lengthy B) disseminate them at regular intervals C) not include links to product offers D) not include links to full-length articles