The form of economic cooperation that calls for countries to eliminate all internal barriers to trade among themselves even while maintaining independent trade policies vis-à-vis third countries is known as a(n):

Which of the following is an advantage of e-business?

(I) reduction of transaction costs (II) shortened supply chain response time (III) greater customer loyalty A. I B. II C. I and II D. II and III E. I, II, and III

In a comparison of 20X2 and 20X1, Neir Co's inventory turnover ratio increased substantially although sales and inventory amounts were essentially unchanged. Which of the following statements explains the increased inventory turnover ratio?

a. Cost of goods sold decreased b. A/R turnover increased c. Total asset turnover increased d. Gross profit parentage decreased