For Each of the Following Types of Business,indicate Why the Manager

question 115

Essay

For each of the following types of business,indicate why the manager needs to know the unit cost information.
$$\begin{array} { | l | l | } \hline \text { Managers of a } & \text { Need to know the cost to } \\\hline \text { Bakery } & \\\hline \text { Computer } & \\\text { manufacturer } & \\\hline \text { Bank } & \\\hline \text { Seamstress } & \\\hline\end{array}$$

Recognize the role and application of the Uniform Commercial Code in governing negotiable instruments.

Understand how negotiability affects the transferability and enforceability of instruments.

Explain the significance of fixed and ascertainable amounts in the context of negotiable instruments.

Recognize the importance of an unconditional promise or order to pay in determining negotiability.

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Definitions:

Countertrade

A form of international trade in which goods or services are exchanged directly for other goods or services without using a medium of exchange, such as money.

Mining Equipment

Tools, machinery, and vehicles used in the operation of extracting minerals, metals, and other valuable materials from the earth.

Direct Exporting

A method of entering a foreign market by selling products directly to customers in another country without using intermediaries.

Export Trading Companies

Firms that specialize in international trade, providing services such as market research, distribution, logistics, and financial support to exporters.