...Sample Final: International Payments I, MCQ 1, A shipping document indicating the details of the shipment and delivery of the goods and their ownership is a A, B/L (True: This is the most important transport document) B, Sight draft (False: This is a type of B/E) C, Time draft (False: This is a type of B/E) D, L/C (False: this is a method of payment) 2, A written statement by the exporter ordering the importer to pay a specific amount of money upon presentation to drawee to whom it is addressed is known as a A, B/L (False: This is a transport document) B, Sight draft (True: This is the type of B/E that requires payment upon presentation) C, Time draft (False: This is the type of B/E that requires payment at a future date after presentation) D, L/C (False: this is a method of payment) 3, L/C may be payable at all but one of the following locations: A, Confirming Bank’s counters (False: Confirming Bank has irrevocable undertaking to Beneficiary) B, Nominated Bank’s counters, or at the counters of any bank if L/C is freely negotiable (False: Nominated Bank pays Beneficiary on behalf of Issuing Bank (Confirming Bank)) C, Issuing Bank’s counters (False: Confirming Bank has irrevocable undertaking to Beneficiary) D, Reimbursing Bank’s counters (True: Reimbursing Bank has no undertaking towards Beneficiary. It only functions to reimburse other banks with authorization of Issuing Bank) 4, Which of the following can be combined under a credit available with the Issuing...
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...Request for Proposal for Supply and Delivery of Personal Computers for RMIT Higher Degree Research Students Submitted by: ACBMW Consulting Group Date: 05.05.2016 Table of Contents 1.0 Abstract 3 2.0 Introduction 4 3.0 Scope of Work 5 3.1 Project Objective 5 3.2 Deliverables 5 3.3 Technical Requirements 5 3.3.1 Laptop Specifications 5 3.3.2 Desktop (All in one) Specifications 5 3.4 Milestones 6 3.5 Limits and Exclusions 6 3.6 Review with the Client 6 3.7 Project Accomplishment Strategies 6 4.0 Deliverables description 7 5.0 Project Schedule 13 7.0 Time Phased Budget 17 8.0 Risk Management 21 8.1 Risk Identification 21 8.1.1 Planning and initiating 21 8.1.2 Products/Services 22 8.1.3 Procurement process 22 8.1.4 Suppliers 22 8.1.4 Contracting 22 8.1.5 Delivery 22 8.1.6 Management 22 8.2 Risk Analysis and Assessment 22 8.3 Risk Mitigation Plan 25 8.4 Contingency Plan 27 9.0 Conclusion 27 10.0 References 28 1.0 Abstract This Request for proposal (RFP) has been prepared for RMIT University procurement department to facilitate procurement activities within RMIT. The procurement department of RMIT received order from College of Business to procure and deliver fifty laptops and fifty desktops for the new hundred higher degree research students. RMIT procurement has invited potential project management companies to submit request for proposal to facilitate this project. As a project management company ACBMW Consulting Group has prepared this...
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...Chapter: Government Plans Programme & Policies Topic: INDIA, G 20 AND THE WORLD (PART -1) Introduction Second World War was definitive in redistribution of the world power. Authority of United States of America was established and after a prolonged cold war with the other waning super power, USSR, the power slowly shifted towards the western democracies led by US. Japan was quick to recover too and through its technological innovations & business practices soon became a formidable force despite its relatively smaller area, population and insignificant military prowess. Economic might had become the new centre of gravity and formations like G6, a club of the rich, involving US, Japan France, Germany, Italy and UK emerged in 1975. Origin of G-20 After the second world war, free from occupation and external aggression countries like India and China, initially stayed aloof addressing their own domestic concerns, building their nations. It took some time for these countries to integrate themselves in the world economy. Meanwhile they continued to grow rapidly in terms of population, a factor that they could later leverage when they would start to open up. Slowly even with relatively lower per capita GDP but a big enough population and favourable age structure their overall impact in world economy could no longer be ignored. In the meantime, Developed countries were at their peak. The way in which business would be done was changing world over. Spurred by the information...
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...[pic] BUS/475 Sample Final Exam This Sample Final Exam is provided as a resource to help familiarize students with the content areas and types of questions that they may encounter when they complete the comprehensive BUS/475 Final Exam in Week Five. The student version of the sample Final does not include the correct answers (as marked below in red). Please feel free to share the sample final questions and answers with your students. |Accounting | |Financial accounting | | |Conceptual foundations | | |Income statement and statement of retained | | |earnings | | |Balance sheet | | |Statement of cash flows | |Managerial accounting | | |Cost concepts | | |Product costing systems | | |Activities-based costing | | |Cost, volume, and profit analysis | | |Budgeting (except capital budgeting covered | | |under finance) | | |Standard costing | | |Non-routine decision-making | |International accounting* | 1. Which of the following is NOT an element of manufacturing overhead? a. Factory employee’s...
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...social phenomenon that creates awareness among the customers about the products and services according to the needs and wants of customers (Kotler, 1995). The main motive of marketing research is to approach large number of customers and this can be achieved by satisfying their needs and wants. Marketing- an exchange process SALES AND PRODUCTS Seller Manufacturer Producer Seller Manufacturer Producer Customer Buyer Consumer Customer Buyer Consumer PAYMENTS Customer is that individual who has ability to buy and consume the goods and services. A customer is someone who gives something valuable to the company in the monetary form in return for something he gets from the company in form of goods (Blythe, 2008). Customers can be of two types; internal as well as external. An internal customer is someone who gets value from the company (Salary, payment etc.) and gives valuable service in return to the company. An external customer can be defined as an individual who consumes the goods and services provided by the organization and pays for the services and goods. He does not act as active participant of the organization as a part of organization. They buy the things according to their choice and taste and if they are not satisfy then they can choose alternative for that in form of any...
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...AN AGREEMENT BETWEEN PURCHASER AND SUPPLIER This Deed of Agreement is made and entered into on ____________ day of ___________ 2001 BETWEEN Organisation XY, an international non-government organisation having its Country Office at ________________________________________, represented by its Purchase Committee (here in after called THE PURCHASER which term shall include its successors and assigns) on the one Part. AND __________________________________ having its office at __________ _____________________ (here in after called THE SUPPLIER which term shall include successors and assigns ) on the other Part. Whereas Organisation XY,_______________________________ has a Project to houses to __________________________________at ________________ district of ____________ And whereas THE PURCHASER is willing to purchase ________________ for the purposes mentioned above. And whereas for this purpose THE PURCHASER desires to appoint a Supplier to supply _____. And whereas THE SUPPLIER expresses their desire to enter into an agreement with THE PURCHASER for the job fully described in Schedule-A. NOW THIS DEED OF AGREEMENT WITNESS THE TERMS AND CONDITIONS AS FOLLOWS : 1.That the Agreement shall come into force immediately and shall remain valid until the final completion of the job or cancelled by THE PURCHASER. 2.That the materials more specifically described in Schedule-A shall be supplied by THE SUPPLIER at____________________________________________________________...
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...istdstudent assessment International Society of Typographic Designers 2013 istdstudent assessment International Society of Typographic Designers IN PARTNERSHIP WITH 2013 Dear Tutors and Students Most of us can identify films that we have watched several times and, each time, found something that we had missed previously. The British Library is a bit like that – one of those places that you can return to and always find something new that fascinates and informs you. It is six years since we first worked with the Library on a project, then based upon a proposed Science Fiction exhibition. We are delighted to renew our partnership this year with a project that explores their huge online presence and for the first time we use archive sound as the source for the project. Our practice is based upon the printed word but now embraces the gamut of media and technologies that we use to communicate. Accordingly, we have progressively written our student project briefs for interpretation through a range of media. This project is possibly one of our most open in that, beyond identifying the particular British Library archive, the choice of topic, content, treatment and outcomes is all yours. By not defining specific media and outcomes for our projects we offer them as holistic communication challenges – deliberately breaking the perceived tradition of the typo/graphic designer just providing essentially visual skills. First and foremost we are communicators using design skills...
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...BUS/475 Sample Final Exam |Accounting | |Financial accounting | | |Conceptual foundations | | |Income statement and statement of retained | | |earnings | | |Balance sheet | | |Statement of cash flows | |Managerial accounting | | |Cost concepts | | |Product costing systems | | |Activities-based costing | | |Cost, volume, and profit analysis | | |Budgeting (except capital budgeting covered | | |under finance) | | |Standard costing | | |Nonroutine decision making | |International accounting* | 1. Which of the following is NOT an element of manufacturing overhead? a. Factory employee’s salary b. Depreciation on the factory c. Plant manager’s salary d. Factory repairperson’s wages 2. What accounts are NOT classified in the current assets section of the balance sheet? a. Cash b. Accounts payable c. Security deposits d. Inventory 3. The starting point of a master budget is the preparation of the a. cash budget...
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...would have to show that they suffered the loss due to the auditor’s negligence. Question A • Each store is managed by an owner of the business, which suggests that an external audit is not required. • The company is not public, so there is no statutory requirement for an audit. • If the company borrows from an outside source, then an external audit may be a requirement by the lender. • The existing shareholders are already creditors of the company, and they may wish to have an audit. Question B • Collusion requires 2 or more people to work together to circumvent the controls. In this case, the 2 purchasing clerks could have colluded by having 1 clerk record a false vendor number on the invoice and then the other clerk prepare the payment to M. Smith. • This is an example of management override. In this case, the control procedure to have the purchasing manager approve all purchases was not followed. The control was overridden by the vice-president of operations. Question C • Strength • The company hires a professional computer consultant whenever it needs updates to this computer hardware or software. • The company’s 3 desktop computers...
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...control on your behalf, you are running a massive risk (even if you have found a great supplier). In order to conduct successful Quality Control in China you need to follow the following 6 steps: 1 – Find the right supplier The first step in the Quality Control process is to find the right supplier. One that is capable of producing the goods that you wish to import at the quality standards you require. The way to ensure you have found the right supplier is to be very thorough when sourcing your potential suppliers and having the relevant due diligence conducted on them. If you do not get this step correct you will have very little or no chance of getting the good quality products you are after. Ideally you want to find a supplier with international experience exporting to your market, one that produces your product as its own core product and has their own quality control procedures in place. 2 – Negotiate favourable terms Negotiating favourable terms can help determine the quality of your products in the future and the solving of any quality issues when they arise. Price - In the beginning don’t push too hard for the cheapest price...
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...Executive Summary: Our report focuses on the “Application of Accounting in a Merchandising Business - Prime International Limited”. Accounting is important in business because it offers great support to management for planning, controlling as well as decision making process. It is with the aid of accounting information that the performance of a unit can be evaluated, at the same time as, its logical records make possible to get rid of the frauds and the thefts. The main interested parties for the company are stockholders who always want to know about the performance of his or her company. To prepare a financial statement, an organization must start its work from identifying recording, summarizing, and adjusting the transactions and at last preparation of financial statements. Accounting is important for businesses for several reasons. Effective record keeping helps a business survive efficiently all the while keeping track of the operations of the company. Background of the Study: The garments industry of Bangladesh has been the key export division and a main source of foreign exchange for the last 35 years. At present, the country generates about $6 billion worth of products each year by exporting garment. The industry provides employment to about 3 million workers of whom 90% are women. Two non-market elements have performed a vital function in confirming the garment industry's continual success; these elements are (a) quotas under Multi-Fibred Arrangement1...
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...Nichols College | Sport Seminar Final Research Paper | Professor Hendrick | | Sean Fleming | 4/29/2014 | | Abstract This is my final research paper in conclusion to my studies in the Sports Management program at Nichols College. This is a research study on the use of professional athletes from American sports leagues in the Olympic Games. Table of Contents Abstract…………………………………………………………………………………………………………………………….page 1 Table of Contents………………………………………………………………………………………………………………page 2 List of Tables and Figures………………………………………………………………………………………………….page 3 Chapter I: Introduction………………………………………………………………………………………………………page 4 Chapter II: Review of Literature Chapter III: Research Methodology Chapter IV: Results Chapter V: Discussion and Conclusions References Appendices Tables and Figures Chapter I: Introduction This purpose of this study will pertain to whether the use of professional athletes from American sports leagues in the Olympic Games is a good or bad idea. Currently, players from the National Hockey League (NHL), National Basketball Association (NBA), Major League Soccer (MLS), Women’s National Basketball Association (WNBA) and the Professional Golfers Association (PGA TOUR) are allowed to participate in the Summer and Winter Olympic Games by their respective leagues. There are many problems that have arisen from the allowance of professionals in the Olympics. They range from injuries to star players, financial impacts on the leagues, shutdown of schedules...
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...-Journal of Arts, Science & Commerce ■ E-ISSN 2229-4686 ■ ISSN 2231-4172 International Refereed Research Journal ■ www..researchersworlld..com ■ Vol.– III, Issue –1,Jan. 2012 [122] A CASE STUDY APPROACH TO HUMAN RESOURCE PLANNING - HRP- IN WEAVING INDUSTRY OF MARUTHAMUNAI Ismail, M. B. M., Senior Lecturer in Management, Department of Management, Faculty of Management and Commerce, South Eastern University of Sri Lanka, Oluvil. Velnampy.T, Professor and Dean/Management Studies & Commerce, University of Jaffna, Sri Lanka, ABSTRACT There are two case studies. First case is Royal Hand Loom (RHL) which has a single weaving factory. The second case is AAA Hand Loom (AAAHL) which has eight weaving factories. Research objective is to apply the Human Resource Planning Model -HRPM- for RHL and AAAHL introduced by Walker and Dyer (1980). 9 weaving factories falling in two cases have also been selected as sample size by systematic sampling method. Data were obtained using secondary data collection method via historical sales force data. A shortage of human resources of RHL would be 8 and 12 and that of AAAHL would be 103 and 182 on both individual territory base and total territory base. RHL and AAAHL can plan its action to bridge the gap identified by short term solutions like an increased overtime -OT-, hiring of temporary sale people and long term solutions like recalling, retraining and hiring of permanent sales people. Keywords: Human Resource Planning, Weaving...
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...PRACTICAL TRAINING REPORT AT ZULFAHMY & CO. DAILY REPORT DATE/DAY | EXACT NATURE OF WORK DONE | REMARKS | 01 Feb 2013(Friday) | PUBLIC HOLIDAY – HARI WILAYAH | | 04 Feb 2013(Monday) | -Report of duty. -Self introduction session and introduced to staff in Zulfahmy & Co.-A few of staff explains scope of work that will be done and the rules of the company.-View the file and document that has been audited by the company such as :- * PAF (Permanent Audit File ) – BLUE * CAF (Client Audit File) – YELLOW * TF (Tax File) – RED-View of the company’s background such as :- * Introduction about Zulfahmy & Co. * Corporate Vision * Professional services – auditing, consulting services, taxation, secretarial and accounting, internal audit services. -Learn on how to use fax machine. | Able to get to know the managers and other officers in the organization and their responsibilities. | 05 Feb 2013(Tuesday) | - Recall double entry treatment.-Learn and write name of the company, company’s account number, amount in the slip of Muamalat Bank, and deposit cheque at Muamalat Bank. After deposit the cheque we need to take the slip report and filing the slip in file.-Learn on how to use a Photostat machine.-Learn on how to do a casting (figure). | Understanding on how deposit check to bank muamalat. | 06 Feb 2013(Wednesday) | -View a blue file (permanent audit file) : * PILOT POWER SDN. BHD * NALURIAN SDN. BHD-Having a short quiz and interview with...
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...ANALYSIS OF MERCHANT BANKING IN INDIA SUBMITTED TO:Ms. Kavya Saini Submitted by:Kapil Baheti MBA 08/1808 2010 2012 A PROJECT REPORT ON ANALYSIS OF MERCHANT BANKING IN INDIA Department of commerce, kurukshetra University Kurukshetra ( Haryana) Under The Supervision Of :Mrs. Kavya Saini Submitted by:Kapil Baheti ] A PROJECT REPORT ON ³ANALYSIS OF MERCHANT BANKING IN INDIA´ Under The Supervision Of: - Submitted by:- Mrs. Kavya mam Kapil Baheti SUBMITTED TO:- International School of Infomatics & Management CONTENTS Sr.No. Page No. y y y y Chapter I Preface Guide Certificate Declaration Acknowledgement Introduction (Conceptual Framework) y y y y y Chapter II Chapter III Introduction Significance of the study Merchant Banking in India Focus of the Study Conceptualization literature Review Objective &Methodology y y y y Objective of the study Research design Sample size & Technique Data collection (Primary & Secondary) Chapter IV Data Presentation & Analysis Chapter V Implications & Conclusions Chapter VI Bibliography PREFACE The research studies are of a great help in enhancing the knowledge of a person. Practical knowledge is a suffix to theoretical knowledge. Classroom lecturers clarify the fundamental concepts of management. But classroom lectures must be correlated with the practical research situation. It is in this sense that the research...
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