What is a foreign trade zone? Why are FTZs formed?
What will be an ideal response?
A foreign trade zone is a geographic area where imported or exported goods receive preferential tariff treatment. FTZs are used by governments worldwide to spur regional economic development.
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Assume Mercy Hospital uses accrual accounting. Which of the following statements is most correct?
A. Supplies expense is recognized when medical supplies are delivered to the hospital by the vendor. B. Patient service revenue is recognized when payment is received by the hospital from a third-party payer. C. Salaries expense is recognized when payroll checks are written. D. Patient service revenue is recognized when healthcare services are provided. E. Statements A., C., and D. are all correct.
Organizations catering to the ________ market need to price their offerings carefully because these markets usually have limited purchasing power
A) business B) global C) nonprofit D) consumer E) exclusive