Which of the following is the most risky for an exporter?
A. Irrevocable letter of credit
B. Revocable letter of credit
C. Bank collection time draft
D. Consignment
E. Cash in advance
Answer: D
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The trial balance is out of balance and the accountant suspects that a transposition or slide error has occurred. What will the accountant do to find the error?
A) Determine the amount of the error and look for that amount on the trial balance. B) Determine the amount of the error and divide by two, then look for that amount on the trial balance. C) Determine the amount of the error and refer to the journal entries for that amount D) Determine the amount of the error and divide by nine. If the result is evenly divided, then this type of error is likely.
A drawback of using direct-mail advertising is that it
A. relies too heavily on social and digital media for promotion. B. has limited coverage and reach capabilities. C. prevents advertisers from controlling circulation and quality. D. achieves very low response rates. E. has the highest cost per exposure of any medium.
Which of the following statements is true?
A) A plaintiff must prove that the defendant's negligent conduct proximately caused harm to a legally protected interest. B) A defendant has the burden of proof that his negligent conduct did not proximately cause harm. C) Negligent conduct that is the proximate cause of offensive physical contact results in liability based on social policy. D) All of these statements are true.
Managers from monochronic cultures ________.
A. adhere to plans and follow rules of privacy B. show respect for private property and emphasize promptness C. do one thing at a time and take time commitments seriously D. All of the above.