In Which of the Following Forms of Export Financing Does

question 50

Multiple Choice

In which of the following forms of export financing does a bank assume a financial obligation?

• A)with an L\C but not a documentary collection
• B)with a documentary collection but not an L\C
• C)neither an L\C nor a documentary collection requires a bank to assume financial obligation
• D)with either an L\C or a collection letter
• E)with both an L\C and a documentary collection

Calculate costs using activity-based costing principles, such as per order or per batch.

Identify the conditions under which activity-based costing offers the most benefits.

Recognize signals indicating the need for a new product costing system.

Assess the relationship between activity-based system accuracy and its impact on decision-making and operational costs.

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Definitions:

Unreasonably Dangerous Product

In product liability, a product that is defective to the point of threatening a consumer’s health and safety. A product will be considered unreasonably dangerous if it is dangerous beyond the expectation of the ordinary consumer or if a less dangerous alternative was economically feasible for the manufacturer, but the manufacturer failed to produce it.

Tort Action

A lawsuit brought to obtain a private civil remedy for harm caused by wrongful conduct.

Strict Liability

A legal doctrine that holds a party responsible for their actions or products without the plaintiff having to prove negligence or fault.

Product Liability

The legal liability of manufacturers, sellers, and lessors of goods to consumers, users, and bystanders for injuries or damages that are caused by the goods.