When One Unit Charges Another Unit in the Same Company

question 156

Multiple Choice

When one unit charges another unit in the same company for goods it ships to its foreign subsidiaries, the charge is called a(n) ________ price.

• A) original
• B) transfer
• C) margin
• D) break-even
• E) customer value

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Definitions:

Blank Endorsement

A payee’s or last endorsee’s signature on a negotiable instrument.

Payee's Signature

The signature of the individual or entity that is entitled to receive payment on a financial instrument, such as a check or promissory note.

Last Endorsee

The final person or entity to whom a negotiable instrument, such as a cheque, has been legally transferred.

Order Paper

Order Paper is a term used primarily in parliamentary contexts, detailing the day's agenda and the order in which business, such as proposed legislation, will be addressed.