A US Company Makes a Sale to a Foreign Customer with with Payment

question 35

Multiple Choice

A U.S. company makes a sale to a foreign customer with payment receivable in 30 days in the customer's currency. The sale would be recorded by the U.S. company on the date:

• A)Of sale using a projected estimate of the U.S.dollar value at payment date.
• B)Of sale using a 30-day average U.S.dollar value.
• C)Of sale using the current dollar value.
• D)Of sale using the foreign currency value.
• E)When payment is received.

Know the significance of traffic volume, vehicle speed, and parking availability in business location choice.

Comprehend the role and benefits of incubators for new small businesses.

Recognize the advantages and disadvantages of locating a business in a shopping center.

Understand the importance of a competitive advantage for businesses choosing stand-alone locations.

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Definitions:

Unionization Rate

The percentage of a particular population of workers that belongs to labor unions; alternatively, the percentage of a population of workers that is represented by one union or another in collective bargaining.

Union Members

Individuals who belong to an organization that represents workers in negotiations with employers over wages, benefits, and working conditions.

Shirking

Shirking describes when employees underperform or exert less effort than expected because of insufficient incentives or the absence of effective monitoring.

Perfectly Inelastic

Describes a situation where the quantity demanded or supplied does not change in response to a change in price; the demand or supply curve is vertical.