A company that wants to have a new phone system installed may prepare a/an ________ to invite bids from outside companies
a. internal proposal
b. unsolicited proposal
c. request for proposal (RFP)
d. intentional proposal
c
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An export administrator, Beth Dorrell, notes, "A commodity raw material from Africa can be refined in Asia, then shipped to South America to be incorporated into a component of a final product that is produced in the Middle East and then sold around
the world." In light of this statement, describe supply chain, value chain, and logistics. List and briefly describe the most important distribution activities.
Which journal is not used in the revenue cycle?
a. cash receipts journal b. sales journal c. purchases journal d. general journal
Most firms begin their involvement in international business by ____________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is an advantage of a C corporation?
A. Its formation is simple and inexpensive. B. The members are entitled to choose the mode of tax treatment. C. It is free from double taxation. D. Shareholders have limited liability in the firm.