________ is a specialized technique to eliminate the risk of nonpayment by importers in instances where the importing firm and/or its government is perceived by the exporter to be too risky for open account credit
A) Forfeiting
B) Marketable Bank Shares
C) Forfaiting
D) Banker's Acceptances
Answer: C
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According to the FASB, the usefulness of accounting is judged by which of the following two qualitative characteristics of accounting information?
A) Comparability and neutrality B) Understandability and comparability C) Verifiability and timeliness D) Relevance and faithful representation
Damaged goods that can be sold at a reduced price should be included in a company's merchandise inventory
Indicate whether the statement is true or false
Walden Industries is considering investing in production-management software that costs $630,000, has $67,000 residual value, and leads to cost savings of $1,650,000 per year over its five-year life. Calculate the average amount invested in the asset that should be used for calculating the accounting rate of return.
A) $697,000 B) $630,000 C) $348,500 D) $67,000
Empowerment often improves customer service because
A) customer service workers have the authority to refer problems to higher management. B) managers have more time to work with customers. C) employees have the authority to resolve customer problems. D) more employees work in customer service positions.