A credit requires an "invoice" without further definition. Which of the following MUST be

it ( ) is/( ) (is not) permissible.

it ( ) is/( ) (is not) permissible.

ance policy endorsed in blank. Would it be acceptable？

(1)( ) Yes

(2)( ) No

nt does not contain a clause stating that cover is subject to franchise or an excess (deductible).

(1)( ) True (2)( ) False

s an air waybill marked freight prepaid to the airport of destiation？

(1)( )CFR (2)( )CPT

Double－entry bookkeeping requires two entries are made to record every business transaction, one a debit entry and one a credit entry.（)

此题为判断题(对，错)。

ot examine the contract, but will pass it along without responsibility. Certain CCC commitments (United States Commodity Credit Corporation) may require a review of the charter party contract.

(1)( ) True

(2)( ) False

examine to meet the above requirement？

(1)( ) The box marked "for carrier use only".

(2)( ) The "date of issuance" of the AWB.

(3)( ) A specific notation of an actual date of despatch.

provide it with notice of when they will be debiting the Issuing Bank's account to pay a reimbursement claim. This notice is defined as ______. This requirement is placed in the Reimbursement Authorisation and in the credit to indicate the requirement for pre-debit notification from the Reimbursing Bank to the Issuing Bank and number of day within which the issuing bank has to be notified.

ney and using it effectively. Short-term financing is money that will be used for one year or less. Although there are many short-term needs, cash flow and inventory are two problems that deserve special attention. Long-term financing is money that will be used for more than one year. Such financing may be required for starting a business, expansion, new-product development, or replacement of production facilities. Proper financial management can ensure that money is available when it is needed and that it is used efficiently, in keeping with organizational goals.

A financial plan begins with the organization's goals and objectives. Next these goals and objectives are "translated" into budgets that detail expected income and expenses. From these budgets, which may be combined into an overall cash budget, the financial manager determines what funding will be needed and where it may be obtained. The four principal sources of financing are sales revenue, equity capital (derived from the sale of common and preferred stock) , debt capital, and proceeds from the sale of assets. Once the needed funds have been obtained, the financial manager is responsible for ensuring that they are properly used. This is accomplished through a system of monitoring and evaluating the firm's financial activities.

Most short-term financing is unsecured. That is, no collateral is required. Sources of unsecured short-term financing include trade credit, promissory notes issued to suppliers, unsecured bank loans, commercial paper, and commercial drafts. Sources of secured short-term financing include loans secured by inventory or accounts receivable. It is also

possible to sell receivables to factors. Trade credit is the least expensive source of short-term financing; there is no interest charge. The cost of financing through other sources generally depends on the source and on the credit rating of the firm that requires the financing. Factoring is generally the most expensive approach.

21. Financial management consists of those activities that are concerned with obtaining money and using it effectively.

22. Short-term financing and the long-term financing is the same.

23. A financial plan begins with the organization's plan.

24. The four principal sources of financing are sales revenue, equity, debt capital and financial plans.

25. Trade credit is the most expensive source of short-term financing.