In a transshipment problem, items may be transported from sources through transshipment points on to destinations
Indicate whether this statement is true or false.
Answer: TRUE
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The resources for which the AP/CD process wants to ensure security typically do not include:
a. cash b. accounts payable master data c. accounts receivable master data d. All of the above are included in resources for which the AP/CD process wants to ensure security.
According to the systems model of change, which of the following is not an input?
A. the organization's mission statement B. the organization's vision statement C. the organization's products or services D. the organization's strategic plan E. an analysis of the organization's readiness for change
Round-tripping is when
A) a selling company sells to a customer company with huge discounts. B) a selling company pretends to sell to a fictitious company with the intent of inflating revenues C) a selling company lends money to a customer company to increase assets. D) a selling company lends money to a customer company to be used to purchase goods from the selling company.
Gary decided to borrow from Jones Bank since it promised that his loan interest rate would be systematically reduced every year when the board met. The loan rate was never reduced, but actually increased monthly. Gary refused to pay the interest demanded and sued for rescission of the contract. The bank attempted to collect from Lewis, a surety under the loan. Does Lewis have to pay?
a. Yes, because there is no defense. b. No, because a fraud perpetrated upon Gary will be a defense. c. Yes, since the surety obligation is separate from the underlying contract. d. No, because the surety stands in the shoes of the debtor for all purposes.