Charlie Putnam received an e-mail promoting a new financial services institution that offers surprisingly low mortgage rates. The e-mail simply asked customers to provide their address, date of birth, social security number, and current mortgage information in order to receive a free loan quote. Suspicious of the offer, Charlie researched the company and discovered that the e-mail was a fraud. This is an example of ________.

Unless properly controlled, a "bottom-up" budgeting process can lead to:

What will be an ideal response?

For an importer, which of the following is a disadvantage of using a letter of credit for international transactions?

A. It results in the importer losing control over the process of trading. B. It reduces the exporter's level of trust in the importer. C. It reduces the importer's ability to borrow funds for other purposes. D. It requires the importer to repay the loan even before the merchandise is sold. E. It is not issued at the importer's request.