Applying Internet Technology to the Order Management Process Has Allowed

question 14

Multiple Choice

Applying Internet technology to the order management process has allowed organizations to not only take time out of the process but also to

• A) increase the velocity of cash back to the selling organization.
• B) attract new customers.
• C) develop "Clicks" and "Bricks" firms.
• D) manage inventory more effectively.

Understand the strategies national governments use to influence their currency strength and exports.

Describe the function and types of tariffs and their impact on trade.

Explain the concept of soft and hard currencies and their roles in international finance.

Analyze the effects of exchange rates and currency strength on export strategies.

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Definitions:

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, divided into operating, investing, and financing activities.

Cash

Coins, currency (paper money), checks, money orders, and money on deposit that is available for unrestricted withdrawal from banks and other financial institutions.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of an organization, including issuing shares, paying dividends, and borrowing or repaying loans.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.