The internationally accepted body of rules pertaining to letters of credit is:
A) Article 5 of the Uniform Commercial Code
B) Uniform Customs and Practices for Documentary Credits.
C) Convention on Bills of Exchange and Promissory Notes.
D) Uniform Code of Practice for Letters of Credit.
B
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Social capital is a source of strength to many firms. Firms leverage their social capital in an effort to create competitive advantages. The social capital of a firm is based on the
A. allocation of the financial resources of the firm. B. relationships among the employees of the firm. C. knowledge of an individual. D. individual abilities of employees.
The decline in the average cost of production with accumulated production experience is called the ________
A) demand curve B) supply chain C) learning curve D) value chain E) indifference curve
The purpose of the sales invoice is to
a. record reduction of inventory b. transfer goods from seller to shipper c. bill the customer d. select items from inventory for shipment
A manager tries to implement change without involving his employees and it is a big disaster. He thinks, ‘next time I’m going to involve my employees in the decision!’ This scenario is an example of Fulop and Rifkin’s (1999) concept of ______________.
a. Learning by doing b. Stories c. Stupidity d. Popular accounts