What two groups drafted the UCC?

A. The American Bar Association and the American Institute of Certified Public Accountants
B. The American Law Institute and the National Conference of Commissioners on Uniform State Laws
C. The U.S. House of Representatives and the U.S. Senate
D. The Department of Commerce and the Interstate Commerce Commission


Answer: B

Business

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The open purchase order file in the purchasing department is used to determine

a. the quality of items a vendor ships b. the best vendor for a specific item c. the orders that have not been received d. the quantity of items received

Business

What is known as the net asset value (NAV)?

a. The closing price of the securities that comprise a particular fund's portfolio plus the value of any uninvested cash that the fund manager maintains for the fund. b. A concept used in finance and economics, defined as a rational and unbiased estimate of the potential market price of a good, service, or asset. c. The value of an entity's assets less the value of its current liabilities at the end of the trading day. d. The difference between the replacement cost of a fixed asset and its book value appearing on the balance sheet.

Business

Vice presidents of large companies are typically in charge of ________ planning

A) business B) strategic C) operational D) functional E) day-to-day

Business

Currency fluctuations create risks categorized as

A. hedging exposures. B. transaction, translation, and economic exposures. C. independent and dependent exposures. D. domestic and foreign.

Business