A bill of lading refers to:
A) a proof of identity that a consignee must deliver to a carrier prior to receiving the goods that have been transported
B) a form signed by an officer of a vessel evidencing the receipt of a certain consignment on board and which does not serve as a document of title.
C) a receipt and contract between the shipper of a particular good and a carrier.
D) an agreement between the owner of a vessel and a merchant, by which a ship is hired for the transport of goods for a defined period.
C
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The e-mail system was designed as an inexpensive, quick way of communicating via the World Wide Web.
Answer the following statement true (T) or false (F)
If Second National Bank has more rate-sensitive assets than rate-sensitive liabilities, it can reduce interest-rate risk with a swap which requires Second National to
A) pay a fixed rate while receiving a floating rate. B) receive a fixed rate while paying a floating rate. C) both receive and pay a fixed rate. D) both receive and pay a floating rate.
In global trade, a ________ is a written agreement by a bank to pay the seller, on account of the buyer, a sum of money upon presentation of certain documents
A) trade card payment B) letter of credit C) micropayment D) bank check
According to Michael Porter, a focus strategy can erode when
A. the strategy is protected. B. the target segment's differences from other segments narrow. C. new firms reconstruct the industry. D. demand for the product grows and thus attracts new competitors.