Answer: Loan commitment or credit line
Explanation: A loan commitment refers to a promise under which the lender commit to provide a loan of a specified amount to the borrower. Similarly, a credit line refers to the amount of money that a credit card holder can use from that account.
In the given case, the construction firm wants to show that they can have necessary funding. Thus, they can use above tools to show that they have the back of banks in case of providing funding.
Thus, the correct option is C or D .
Answer:
a) True
Explanation:
The retained earning statement records the beginning balance, net income or net loss, and any cash dividend paid to determine the ending balance
On the other hand, the income statement refer to that statement which shows the all expenses incurred and all revenues in order to find out the net loss or net income
So based on the above explanation, the given statement is true
Hence, the correct option is A.
Answer:
B. products are differentiated
Explanation:
there are many firms (starbucks, seattles best, and a bunch of others), entry in to the market is not blocked, anybody can start a coffeehouse, and barriers to entry are very low. These are reasons that the market is not purely monopolistic or oligopoly. Differentiated products is the feature of monopolistic competition that applies here
Answer:
Explain five ways in of determining market price of a commodity other than through price mechanism
If these were the given choices:
A. the vision of the corporate founder
B. expectations of leadership
C. the performance evaluation-reward system
D. the location of the organization’s manufacturing and distribution facilities
The unlikely basis for an organization's culture is D. THE LOCATION OF THE ORGANIZATION'S MANUFACTURING AND DISTRIBUTION FACILITIES.
An organization's culture is based on the vision and mission of the company as well as its rewards to its employees. The culture of an organization is manifested in its treatment to its employees and services rendered to its customers.