All of the following factors influence a company's decision to use electronic commerce EXCEPT:

• A.increased accuracy.
• B.redefined customer and supplier relationships.
• C.increased inventory levels.
• D.increased information flow.

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An L/C in favor of a U.S. exporter is issued by a bank in an emerging-market country, and it is confirmed by the exporter's bank. What risk is reduced for the U.S. exporter?

• A.Valuation risk
• B.Credit risk
• C.Currency risk
• D.Re-investment risk

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Use the financial statement for XYZ Company in the exhibit to answer this question.

What is the cash flow from operating activities for the current year?

• A.$900,000
• B.$1,700,000
• C.$(700,000)
• D.$700,000

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What is the MOST appropriate rate used as the discount rate in calculating NPV?

• A.Internal transfer rate
• B.Cost of debt
• C.IRR
• D.Marginal cost of capital

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A company uses a dividend capture strategy to:

• A.liquidate investments.
• B.improve yield.
• C.reduce default risk.
• D.reduce interest expense.

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