Harrys, Inc instructs its bank, Northern Bank, to pay $0.5 million to Rowling, Inc Rowling is a customer of Southern Bank but not of Northern Bank. Northern Bank does not have a correspondent relationship with Southern Bank but both Northern Bank and Southern Bank have correspondent relationships with Eastern Bank. As such, Northern Bank issues its payment order to Eastern Bank, which in turn,
issues payment order to Southern Bank. Southern Bank executes the payment order. Which of the following statements is true with regard to this scenario?
a. Northern Bank is the originator's bank as well as the beneficiary's bank.
b. Southern Bank is the originator's bank.
c. Northern Bank is the beneficiary's bank.
d. Eastern Bank is the intermediary bank
d
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Many companies subscribe to being "green" because they feel that consumers value this. Yet, in many of these same firms, office computers are left on 24 hours a day and office paper is not recycled. This example indicates it is not always easy for firms to act in accordance with the
A. social entrepreneurship. B. marketing concept. C. customer relationship management concept. D. consumerism. E. cause marketing.
The higher in the organization a message goes the more formal and detailed the message should become
Indicate whether the statement is true or false.
The bankruptcy of the agent may terminate the agency relationship
Indicate whether the statement is true or false
A firm organized on the basis of retail customers and wholesale customers utilizes the concept of departmentalization by
A. location. B. function. C. customer. D. product. E. task.