Which of the following is the most important determinant of channel length?
A. The degree to which the retail system is fragmented
B. The increase in car ownership and two-income households
C. The level of consolidation in the global retail industry
D. The amount of difference between product or technical standards
E. The level of economic development of a country
A
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Which of the following observations is NOT true of a letter of credit?
A. It is a credit guarantee. B. It is issued by an FI. C. It is issued for a fee. D. Payment on the letter is contingent on some future event occurring. E. It appears on the FI's current balance sheet.
A general lien applies to:
A. Only the owner's personal property. B. Only the owner's real property C. All the owner's real and personal property. D. None of the owner's real and personal property