To process raw materials into manufactured goods., The best way to understand hedging is to think of it as insurance., Exporters and importers often prefer the security of payment by confirmed irrevocable letter of credit when dealing with unknown firms in distant countries, Hedging a portfolio isn't a perfect science and things can go wrong., If Americans buy 500 million pairs of shoes each year, most of the market will go to American producers., Economic globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services., Multinational corporations have become the main carriers ofeconomic globalization., With its open economy, the Netherlands was among the original founders of the European Union.economic globalization., A sole proprietor also must deal with the problem of limited liability., First, in business communications a short report is usually considered better than a long report., A partnership is an association of two or more people in order to run a business., A corporation issues shares of stock which are certificates representing ownership in the corporation., Thus if the corporation goes bankrupt or is sued, the stockholders lose only the value of their stock., It was impossible to salvage the lot of office furniture because a great number of items were badly damaged and had to be written off., To tell the truth, Harper & Grant insurance brokers had arranged a blanket insurance with a syndicate of Lloyds underwriters., Founders of companies have to write a Memorandum of Association, which states the company’s name, purpose, registered office or premises and authorised share capital., Euro-scepticism seems to be related to the functioning of the EU rather than to the idea as such., Having increased sales by almost forty per cent, that was a very successful year for John Martin., Being responsible for at least one cost centre, the forecast of the income and expenditure was required from each manager., Owning so many shares, the election of Alfred Wentworth in the Board was inevitable., The contract quantity was 5.000 tons, the sellers having an option to deliver 2% more or less., The Board Meeting of directors discussed budgetary control with William Buckhurst having attended a course on the subject., The organisational structure of some companies is veryhierarchical with a board of directors at the top and the various departmental heads reporting to them., The annual simple interest states how much money the bank will pay on a deposit at the end of one year without compounding.,

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