The Floral Group, an Importing Organization in New York, Has

question 89

Multiple Choice

The Floral Group, an importing organization in New York, has just bought an excessive amount of perfume from perfume manufacturer in Paris. Unknown to the perfume manufacturer, the Floral Group has sold 25 percent of its order to distributors in France that have been unable to purchase any products from the perfume manufacturer. Which of the following best describes the transaction that has just taken place?

• A) Black-listed importing
• B) Direct importing
• C) Circular importing
• D) Co-mingled importing
• E) Parallel importing

Understand the role of equity, expectancy, and goal-setting in employee motivation.

Identify the differences between content and process theories of motivation.

Understand the implications and criticisms of management by objectives.

Recognize the application of motivation theories to real-world organizational issues.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, aimed at standardizing practices across states.

Assignment of Accounts Receivable

The transfer of the right to collect money owed on outstanding invoices from the original creditor to another party.

Security Interest

A lien given by a debtor to his creditor to secure payment or performance of a debt or obligation.

Sale of Goods

A transaction involving the transfer of ownership of goods from the seller to the buyer for a price.