A ________ is a check that is written on behalf of a person for a fixed amount that is paid in advance
A) cashier's check
B) money order
C) traveler's check
D) personal check
Answer: B
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NaviCal Inc., a personal navigation system company, has contracted its manufacturing to a firm in Malaysia for five years. NaviCal had high financial growth, and it wants to purchase the manufacturing facility. This market entry method is called ________.
A. strategic alliance B. direct foreign investment C. licensing D. joint venture E. franchising
The balance sheet of Crimpson Solutions Ltd. has cash of $125 million, accounts receivable of $245 million, inventory of $160 million, and equipment worth $450 million. The company also has accounts payable of $120 million, notes payable of $280 million, and corporate bonds of $365 million. Crimpson's current ratio is:
A. 2.5 times. B. 1.56 times. C. 1.325 times. D. 0.565 times. E. 1.855 times.
Insurance to cover costs associated with obsolete, stolen, deteriorated, or spoiled inventory falls under ______.
a. ordering costs b. setup costs c. stock-out costs d. holding costs
To recover for fraud, a plaintiff must be under twenty-one years of age.
Answer the following statement true (T) or false (F)