Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?
A) The exporter's bank is the advising and/or confirming bank.
B) The importer's bank is the advising and/or confirming bank.
C) The importer's bank is the advising, confirming, and issuing bank.
D) The exporter's bank is the advising, confirming, and issuing bank.
E) The importer's bank is neither advising nor confirming bank.
B
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When is a table in third normal form (3NF)?
If you theoretically took multiple samples and plotted the sample percentage, p, for all these samples as a frequency distribution, it would approximate a bell-shaped curve called the ________
A) sampling distribution B) standard error C) limit D) confidence interval E) variability
Through the ________ of direct selling, people tend to get caught up in the "group spirit" and buy things they would not normally buy if alone
A) multilevel network B) pyramid scheme C) automatic vending system D) door-to-door sales E) party plan system
The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units. Compute the material quantity variance
A) 63,000F B) 63,000U C) 59,400F D) 59,400U