As the trustee of a business trust, Bertoldi is required to
a. distribute the trust's profits.
b. assume responsibility for the trust's debts.
c. draft a written trust agreement.
d. none of the choices.
A
Business
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Which of the following combinations correctly describes the relationship between foreign currency transactions, exchange rate changes, and foreign exchange gains and losses?
a. Export sale Appreciates Loss b. Import purchase Appreciates Gain c. Import purchase Depreciates Gain d. Export sale Depreciates Gain
Business
The MEA can act as an export distributor or as an export commission representative. However, the MEA does not perform the functions of an export department, and the scope of market activities is usually limited to a few countries
Indicate whether the statement is true or false
Business