For international businesses, banking services are extremely important. Both a _______ and a _______ are popular methods of paying for import and export transactions.
a. line of credit; banker's acceptance
b. letter of credit; collateral
c. collateral; line of credit
d. collateral; banker's acceptance
e. letter of credit; banker's acceptance
e. letter of credit; banker's acceptance
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Nancy's books and records reflect the following for the year. Which transaction would require filing Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return?
A. Gratuitously transferred a vehicle with a fair market value of $22,000 to her fiance a month before they were married. B. Donated $15,000 to a qualified political organization. C. Paid $22,000 to St. Francis Hospital for her aunt's unreimbursed medical expenses. D. Paid $15,000 to State University for her brother's tuition.
Which of the following is NOT a diversifiable risk?
A) the risk that oil prices rise, increasing production costs B) the risk that the CEO is killed in a plane crash C) the risk of a key employee being hired away by a competitor D) the risk of a product liability lawsuit