<span>Importers' bank usually issues a time draft to importers in international transactions.
A time draft is a form of payment guaranteed by the bank to be paid but is not paid in full until after the transaction is made. This helps insure someone is going to get paid but acts as a downpayment until the delivery is finished. These are commonly used in international trade transactions to stand as a "good credit" for the importer. </span>
Answer:
Implied agency
Explanation:
Agency
This is simply known as a form of
relationship between two parties in that the principal hires another person to represent him or her.
An agency relationship can be created with 2 types of agreements between the parties. They are
1. Express agency
2. Implied agency
Express agency
This is simply known as a formal contractural agreement. It can be in an oral or written format.
Implied agency
This is often regarded as an implied agreement. It is an agency which is created through the actions of the parties, instead of an express agreement. It is also called Ostensible agency.
Listing Agreement
This is simply defined as written employment contract which gives right to the broker to find a buyer or a tenant for the owner's property.
In their chief role of decision maker or planner, operations managers exert considerable influence over the degree to which the goals and objectives of the organization are realized.
<u>Explanation:</u>
Planned decision making is one of the most vital managerial process. The steps involved in framing preparation of decision establishing are as follows,
- Exploring the decision situation
- Determining the value of the decision
- Identifying and confirming stakeholders
- Considering connected decisions
The steps included in defining success of the decision making are,
- Identifying guiding requirements
- Considering criteria categories
- Prioritizing the criteria
The following are the final steps of decision making process,
- Mapping the issues or concerns that are to relevant decisions
Planned decision making is the crucial process in every business entity. This helps in the forward movement of the business.
Answer:
$150 for budgeted direct materials and $180 for budgeted direct materials.
Explanation:
You take direct materials of 1.80 x sales volume of 50 units= budgeted direct material $90
To find a sales volume of 60 units, you take $1.80 of direct material X sales volume of 60 units= budgeted direct material of 108.
This is an example of <span>emotional contagion.
Emotional contagion refers to an occurrence when someone's emotions trigger similar emotions in other people around that person.
This kind of occurrence tends to form a strong bonding between several individuals and make them value the existence of each other's goals and opinion.</span>
