The function of a letter of credit is to substitute the credit of a recognized international bank for
that of the buyer.
Indicate whether the statement is true or false
TRUE
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A 10% stock dividend will increase the number of shares outstanding but the book value per share will decrease
a. True b. False Indicate whether the statement is true or false
Mindy's, a fashion brand, has a significant cost benefit that facilitates success in international markets in which price plays an important role in consumer decision making. Which of the following is most likely a reason for Mindy's success in international markets?
A. Human resources B. Adaptability C. Financial resources D. A global culture E. Globally sustainable competitive advantage
The difference between a standard and a budget is that ________.
A) a budget generally indicates a total amount while a standard indicates a per unit amount B) a standard acts as an overall guide for operating the business on a planned course of action C) a budget generally indicates a per unit amount while a standard indicates a total amount D) a standard projects future costs while a budget examines past costs
Acquisition and disposition of trading securities are usually financing activities
Indicate whether the statement is true or false