Of the Following, Which Was NOT Mentioned by the Authors

question 13

Multiple Choice

Of the following, which was NOT mentioned by the authors as an increase in the demands of financial management services due to increased globalization by the firm?

• A) evaluation of the credit quality of foreign buyers and sellers
• B) foreign consumer method of payment preferences
• C) credit risk management
• D) evaluation of foreign exchange risk

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Definitions:

Goods Held for Resale

Refers to items that a company has in its inventory that are purchased with the intention of being sold to customers rather than being used in the production process.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest.

Operating Expenses

Costs incurred in the normal operations of a business, such as rent, utilities, and payroll.

Net Income

The conclusive financial gain of a company after expenses and taxes have been removed from the initial total revenue.