The fact that the exchange is the counterparty to every futures contract issued is important because it eliminates _________ risk.

A. market
B. credit
C. interest rate
D. basis


B. credit

Business

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The number of times the accounts receivable turned over, or were collected, during the accounting period is called the ____________________

Fill in the blank(s) with correct word

Business

The accounting cycle followed each period by a company includes recording transactions, storing the data, organizing the information, summarizing the events and arrangements, adjusting the accounts, reporting the accounting information in financial statements, and then closing the books

Indicate whether the statement is true or false

Business

An organization knows it has met guest expectations when ______.

a. the service experience is delivered exactly the way the organization wanted it to be delivered b. guests report that their expectations have been met c. the guest experience as advertised and as delivered are the same d. the employees report to management that guest expectations have been met

Business

There are three different valuation methods: actual, normal, and standard and they can be used with either job order costing or with process costing

Indicate whether the statement is true or false

Business