When a company sells a customer's note to a bank, the discount rate is
A) the interest rate charged by the bank.
B) the interest rate charged to the customer.
C) an unstated implicit interest rate.
D) the effective annual interest rate.
A
Business
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The draft is the instrument normally used in international commerce to:
A) transfer product. B) prove ownership. C) transfer title. D) initiate the sale.
Business
Akers Inc, an IT services company, selects SAP as the preferred ERP vendor to integrate its supply chain with that of its business partners. In this case, which of the following steps would Akers most likely take next in implementing the ERP system?
A) determining the structure of its industry B) picking inherent processes C) measuring the system performance D) performing a gap analysis
Business