In the case of international trade, the risk of nonpayment is essentially eliminated with the use of a letter of credit issued through a trustworthy bank
Indicate whether the statement is true or false.
Answer: TRUE
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Which of the following covers payment terms and producer guarantees?
A) conditions of sale B) pricing policies C) exclusive dealings D) mutual services E) territorial rights
Dividends and interest from Minority, Passive Investments become income when the
a. dividends and interest are received. b. dividends and interest are earned. c. dividends are earned and the interest is declared. d. dividends are declared and the interest is earned. e. dividends are declared and the interest is received.
Which is true when considering the people in an organization?
a. They exist separately from tasks, informal and formal structures, and should be considered in isolation b. Most people are flexible and can easily fit into any role c. Since everyone is so different, it’s not worth the effort to try to understand how people will react to change d. Some individuals are more critical of the change process than others
Which of the following is a capital budgeting method that ignores the time value of money?
A) payback B) internal rate of return C) return on assets D) net present value