Companies that experience seasonal cycles of business activity need not manage their cash as carefully as companies whose business is not cyclical

Which of the following are the duties of the board of directors?

A. Managing and executing the strategy of a company B. Supervising middle and senior management C. Hiring and firing staff D. Evaluating and approving an annual budget

Suppose that World Corp. signs a contract to build a lumber processing plant in Siberia. If World Corp. signs a second contract agreeing to take partial payment for the plant in the form of lumber products produced at the plant, it is engaging in:

A) barter. B) switch trading. C) offset. D) compensation trading. E) a hybrid countertrade arrangement.