The ____________ is the only global organization designed to establish and implement rules of trade between nations.
What will be an ideal response?
World Trade Organization (WTO)
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As part of effective IT planning in systems development life cycle, a return on investment (ROI) calculation may be performed as part of the economic feasibility analysis. Often, many of the benefits from a new information system may be intangible benefits (e.g. system is easier to use or system enhances customer service, etc.) that are hard to quantify in an income statement. What are some intangible benefits of a state-of-the-art course registration system at your college or university?
What will be an ideal response?
The gross profit method requires that records be kept at both cost and retail
Indicate whether the statement is true or false
Quasi-contract law attempts to prevent unjust enrichment where no contract actually existed
Indicate whether the statement is true or false
Which of the following is usually NOT true about business products?
A. Demand for consumer products is derived from business products. B. The demand curve for a particular industry is usually inelastic. C. Each business product may be only a small part of the cost of a final product. D. The demand curve for individual sellers may be extremely elastic.