The accounts receivable system typically used by utilities is the:
a. pre-billing system
b. open-item system
c. balance-forward system
d. post-billing system
C
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Distributors add value to a supply chain between a supply stage and a customer stage
A) if there is a small number of customers requiring a large amount of product. B) if there is a large number of customers requiring a large amount of product. C) if there are many small players at the customer stage, each requiring a small amount of the product at a time. D) if there are a few large players at the customer stage, each requiring a large amount of the product at a time.
When there are gains to be had by both countries that are party to an exchange, international trade is considered a(n) ________
A) positive-sum game B) equal-sum game C) negative-sum game D) zero-sum game