Indirect costs in time and money spent adjusting to a new product that competes with the old is an example of implicit ______.
Fill in the blank(s) with the appropriate word(s).
switching costs
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Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?
A) The exporter's bank is the advising and/or confirming bank. B) The importer's bank is the advising and/or confirming bank. C) The importer's bank is the advising, confirming, and issuing bank. D) The exporter's bank is the advising, confirming, and issuing bank. E) The importer's bank is neither advising nor confirming bank.
One avenue for overcoming cognitive biases involves involving a third party as mediator. How does this change a negotiators perceptions and bias?
What will be an ideal response?
Briefly explain the norm of reciprocity.
What will be an ideal response?
Receiving cash from a customer for settlement of an Accounts Receivable will
A) decrease Stockholders' Equity. B) increase net income. C) increase total assets. D) not affect total assets.