What is the formula used to calculate scrap efficiency?
A) scrap/cost of goods sold
B) (cost of goods sold – scrap)/scrap
C) cost of goods sold/scrap
D) (scrap – cost of goods sold/scrap
E) cost of goods sold × scrap
C
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An applicant for health insurance completes the application and satisfies all of the conditions of the conditional receipt. If the policy is eventually issued as applied for, coverage takes effect
A) as soon as the policy has been delivered to the applicant B) as soon as the underwriting process has been completed C) just as if the policy had already been issued D) as soon as the policy has been issued"
Which of the following offers a company the best assurance of being paid for exported goods?
A) a letter of credit B) a "piggyback" arrangement C) a swap D) an in-house export organization E) a certified check