Jack Is Setting Up a Global Operation

question 305

Multiple Choice

Jack is setting up a global operation. The form of trade credit that is particularly useful for Jack's international transactions would be

• A) revolving credit agreement.
• B) promissory notes.
• C) trade acceptance.
• D) line of credit.
• E) open-book credit.

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Definitions:

Short-term Plans

Strategic objectives and actions designed to be implemented and achieved within a brief period, usually less than a year.

Internet Time

A concept indicating the accelerated rate of change and innovation attributed to the widespread adoption and influence of the Internet.

Vision

Describes the ability to think about or plan the future with imagination or wisdom.

Mission

The fundamental purpose or goal of an organization, often described in a mission statement.