A forum selection clause is concerned with choosing:
a. an appropriate bank from which to draw a letter of credit b. a country in which to locate a manufacturing plant
c. the country in which a dispute over the contract is to be litigated
d. which language will be controlling if disputes concerning the interpretation of a contract arise e. the proper method of payment for a contract
c
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A control designed to ensure that sales transactions are generated using the company's most current prices would be considered to be which type of control?
a. An input control. b. A processing control. c. An output control. d. A physical control.
Accounting is an information and measurement system that does all of the following except:
A. Eliminates the need for interpreting financial data. B. Records business activities. C. Helps people make better decisions. D. Communicates business activities. E. Identifies business activities.
The salesperson was selling the couple a garden tub with water jets for their new bathroom. He said, "You'll be the envy of all your friends with this great tub. It will be the pièce de résistance in your new bath." When his first close failed, he asked, "Will you want to use clear or white caulk to install your new tub?" What type of close did the salesperson use the second time?
A. T-account B. Double-yes C. Minor-points D. Assumptive E. Forestalling
Describe the purpose of a Gantt chart and draw a Gantt chart for a project that you have been assigned or have completed in a recent course.
What will be an ideal response?