Two types of institutional purchasers exist: one type operates similarly to governments, in that the purchasing process is influenced, determined, or administered by government units. The other type of purchasers ____________.
A. are organized more like corporations
B. behave more like producers
C. operate like resellers
D. are organized like retailer firms
Answer: A
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What is the purpose of preparing a bank reconciliation?
a. It confirms the accuracy of both the bank's and the company's cash records. b. It reconcile the cash budget balance to the actual cash balance. c. It states the amount to be reported on the income statement. d. It identifies the cash inflows and cash outflows during the period.
Providing top-down guidance can aid the task of implementing strategy
A. by helping align the actions and behavior of company personnel with the requirements for good strategy execution, placing limits on independent action, and helping overcome resistance to change. B. provided it promotes greater use of and commitment to best practices and total quality management. C. by making it easier to impose tight budget controls and avoid wasting scarce resources. D. because astutely conceived policies or procedures can result in competitive advantage. E. because really effective internal policies and procedures are not easily duplicated by other firms.
The price paid for money is
A) the amount borrowed from the lender. B) the actual payment made by the borrower to the lender. C) the principal and interest rate charged by the lender. D) the interest rate charged by the lender. E) There is no price paid for money as it is not for sale.
With respect to global business, MFN stands for:
A. multi-functional norm B. multinational foreign network C. main foreign network D. most favored nation E. multi-foreign nation