When a U.S. company does business with a British company and payment is in British pounds, an exchange gain or loss occurs if the exchange rate between dollars and pounds changes between the date of sale and the date of payment
Indicate whether the statement is true or false
True
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Work groups are ______ that have boundaries with members who have different roles and are dependent on each other.
A. social systems B. task forces C. cultural crews D. tool groups
A buyer who sells rejected goods on behalf of the seller is entitled to reasonable expenses and a reasonable selling commission not to exceed ten percent of the gross proceeds
a. True b. False Indicate whether the statement is true or false
Wrugged Woolens, Inc, a U.S. corporation, sets up a specialized marketing organization in Scotland by appointing a foreign agent. This is called
a. direct exporting. b. indirect exporting. c. a joint venture. d. piracy.
Everything in the letter of last instructions is subject to legal interpretation and challenge
Indicate whether the statement is true or false