Which of the following is an example of delivery of goods without moving them?
A) a contract requiring a document of title
B) a shipment contract
C) a destination contract
D) a contract with the term ex-ship
A
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Monica is talking to her fellow sales agent about a prospective client’s needs for an upcoming sales meeting. This can best be described as ______.
A. gossip B. lateral communication C. upward communication D. downward communication
Which country has the closest approach to a uniform national accounting system?
a. The UK b. The US c. France d. Germany
Answer the following statement(s) true (T) or false (F)
1. The purpose of a commercial bank is to make a profit. 2. Commercial banks are the only legal system that can accept deposits from customers and provide them a checking account. 3. Mutual savings banks are depositor-owned, and are primarily concentrated in the New England states, New York, and New Jersey. 4. Only institutions that provide banking services qualify as financial institutions. 5. Insurance companies, pension funds, large brokerage houses, and consumer finance companies are all classified as nonbanking financial institutions because they act as sources and users of funds.
According to your text, the primary reason firms rely on inventory management is
A. to be able to forecast future production runs of a product. B. so that customer service won't suffer from lack of product in any given location. C. to facilitate the movement of product from the warehouse to the end-customer. D. so they can predict how much product to manufacture at the lowest cost. E. to avoid an abundance of stock sitting in a warehouse.