Incoterms provide clarity on the responsibility for which activity associated with an international shipment--<u>- Incoterms cover all of these activities.</u>
<h3>What's meant by incoterm?</h3>
Incoterms, extensively- used terms of trade, are a set of 11 internationally honored rules which define the liabilities of merchandisers and buyers. Incoterms specify who's responsible for paying for and managing the payload, insurance, attestation, customs concurrence, and other logistical conditioning.
<h3>What's Incoterms rule?</h3>
The Incoterms rules are a encyclopedically- recognised set of norms, used worldwide in transnational and domestic contracts for the delivery of goods. The rules have been developed and maintained by experts and interpreters brought together by ICC. They've come the standard in transnational business rules setting.
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Answer:
Find it below
Explanation:
1. Expense Recognition - Record expenses in the preiod the related revenue is recognized
2. Periodicity - The life of an enterprise can be divided into artificial time periods.
3. Historical cost principle - The original transaction value or cost upon acquistion.
4. Materiality - Concerns the relative size of an item and its effect on decisions
5. Revenue recognition - Criteria usually satisfied for products at point of sale.
6. Going concern assumption - The entity will continue indefinitely
7. Monetary unit assumption - A common denominator is the dollar
8. Economic entity assumption - The enterprise is separate from its owners and other entities.
9. Full-disclosure principle - All information that could affect decisions should be reported
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Answer:
True
Explanation:
When a company has managers that pay attention to cultural values and business performance, the company will succeed. This is because the manager has effectively ensured that organizational culture is shared among all employees and as such helps to improve efficiency and performance of the company in discharging it responsibilities and meeting it's goals.
Cheers.
<span>Payments vary in forms from country to country and place to place. What can serve as money, basically, must be something that is considered an acceptable means of payment. It must be something that can be considered valuable in a barter or trade for the receiving party.</span>
Answer:
"Priceless" advertisings for Mastercard.
Explanation:
The advertising describes memorable situations that you find priceless like, the smile of a child, sports moments are also used like winning tennis titles celebrations for Roger Federer.
The message of this brand is strong already and well known for consumers the idea will be to enhance the channels in which the advertisements are displayed. Use the internet to promote the brand. Using the social media networks that are most popular.
