Differentiate between a conference line and an independent line
What will be an ideal response?
A conference line is an association of seagoing common carriers operating on established routes that have joined together to offer common freight rates. An independent line is a seagoing common carrier operating over established routes with a stated rate schedule.
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The Maastricht Treaty called for:
A) the creation of an Asia Free Trade Area (AFTA). B) the creation of an economic and monetary union in Europe. C) Chile's acceptance into Mercosur. D) the purchase of CDs and tapes from distributors in Europe. E) the creation of the seven-nation European Free Trade Association (EFTA).
In the Maslow hierarchy of needs, a burglar alarm would satisfy a ________ need.
A. safety B. physiological C. social D. personal E. self-actualization
Answer the following statements true (T) or false (F)
1) The payback method is a screening device and is rarely used as the sole method for deciding whether to invest in an asset. 2) All else being equal, investments with longer payback periods are preferable. 3) Cash inflows from a capital investment arise from an increase in revenues, a decrease in expenses, or both. 4) A major criticism of the payback method is that it focuses only on the time to recover the investment and ignores profitability. 5) Most capital budgeting methods focus on accrual-based income.
Under variable costing, fixed manufacturing overhead is:
A. never expensed. B. applied directly to Work-in-Process Inventory. C. treated in the same manner as variable manufacturing overhead. D. expensed immediately when incurred. E. applied directly to Finished-Goods Inventory.