Answer the following question, multiple choices.

1. When compared with a commercial letter of credit, a documentary collection:

A. offers the same level of protection.

B. requires the exporter to have more trust on the buyer.

C. is more expensive.

D. requires lesser time to get sanctioned.

2. When compared to bonds, stock ownerships:

A. offer potentially higher returns.

B. are much safer.

C. are not affected by a firms performance.

D. involve potentially lower losses.

3. Unlike the International Financial Reporting Standards (IFRS), the Generally Accepted Accounting Principles (GAAP):

A. is developed by a for-profit organization.

B. is developed by the International Accounting Standards Board.

C. requires percentage-of-completion when reliable estimates can be made while considering revenue recognition for long-term construction contracts.

D. requires cost recovery method when reliable estimates cant be made while considering revenue recognition for long-term construction contracts.

4.Pretora Fashions wants to launch its brand in the Jorfanian market. In a meeting with the board of directors, Dan, the marketing head at Pretora Fashions suggests that they should promote Jenny as Pretoras marketing manager when they launch its products in the Jorfanian region. Jenny is a local resident of Jorfa who has also worked with Pretora Fashions for over a decade. The board of directors are in a dilemma as Jenny has no work experience as a manager. Which of the following statements most likely justifies Dans suggestion of having Jenny as the marketing manager?

A. She will be able to help the company identify local preferences that it can safely ignore.

B. She can help the company standardize the companys positioning and promotion strategies.

C. With Jenny as the manager, the company will be guaranteed a say when the local authorities decide to shape new policies and regulations.

D. With Jenny as the manager, the company will be exempted from paying local taxes.

5.Which of the following is a true statement that strengthens the argument that a network structure is not suitable for the military?

A. Network structures have centralized decision making.

B. Network structures are fluid and flexible.

C. Network structures have division of labor based on outputs.

D. Network structures are formal organizational structures.