What is most different about the foreign exchange market versus the New York Stock Exchange?
What will be an ideal response?
Answer: The interbank foreign exchange market is a very large, diverse, over-the-counter market, not a physical trading place such as the New York Stock Exchange where buyers and sellers gather in a specific geographic location to agree on a price to exchange currencies. Currency traders, who are employees of financial institutions in the major financial cities around the world, deal with each other primarily over the phone or via computer, with written or formal electronic confirmations of transactions occurring only later.
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Refer to the Rock Aerospace Company example. Income from the contract for Year 5 under the installment method is:
a. $1,000,000 b. $1,400,000 c. $2,800,000 d. $3,360,000 e. None of the above
Which of the following is generally true about contracts covered by the Uniform Electronic
Transactions Act? A) Electronic signatures are considered equivalent to handwritten signatures for meeting the Statute of Frauds requirements. B) E-mail contracts cannot meet the Statute of Frauds requirements for a writing. C) An e-mail printout is not admissible as evidence due to the ease with which a printout can be fabricated. D) Electronic signatures have been held to be sufficient for contracts not required to be in writing under the Statute of Frauds, but not for meeting the Statute of Frauds signature requirement.
In supply chain management, ethical issues:
A) are particularly important because of the enormous opportunities for abuse. B) may be guided by company rules and codes of conduct. C) become more complex the more global is the supply chain. D) may be guided by the principles and standards of the Institute for Supply Management. E) All of the above are true.
Which of the continuous improvement tools is used to conduct root-cause analysis?
A) statistical process control (SPC) B) flow chart C) Ishikawa diagram D) Pareto chart