A cumulative variance is one carried over from the previous budget year

When a time draft is drawn on and accepted by a business firm, it is known as a(n):

A. trade acceptance. B. in-transit bill. C. banker's acceptance. D. bill of lading. E. letter of credit.

An expatriate's base salary is normally lower than the base salary for a similar position in the home country

Indicate whether the statement is true or false.