_____ is an employee's tendency to remain in an organization because he or she cannot afford to leave.

A) Normative commitment
B) Affective commitment
C) Continuance commitment
D) Regulative commitment

Days' payable outstanding measures how long,on average,a company takes to pay its creditors.

The groups affected in some way by a company's actions are referred to as its ________.

A) actions
B) cliques
C) stakeholders
D) captive audience

Today,most state incorporation statutes permit businesses to incorporate for only express and specific purposes; thus,most articles of incorporation limit corporate powers.

If Gil assigns his lease to Jim, Gil has no further obligations to his landlord.

On July 1, 2020, CANCO purchased inventory from its main U.S. supplier, RNB Enterprises, at a cost of US$12,000. CANCO's year end is on July 31. Payment of US$12,000 for the inventory is due on August 31, 2020. Some important dates regarding this transaction, as well as the exchange rates in effect at each of these dates are shown below:
$$\begin{array}{ll}\text{ Trarsaction date: July }1,2020:& \text{ 1 U.S. Dollar }=\text{ CDN }1.370\\ \text{ Year end July }31,2020:& \text{ 1 U.S. Dollar }=\text{ CDN }\$1.345\\ \text{ Setternent date: August }31,2020:& \text{ 1 U.S. Dollar }=\text{ CDN }\$1.325\end{array}$$ What would be the amount of the foreign exchange gain or loss recorded at the settlement date?

A) A CDN$300 exchange loss.
B) A CDN$240 exchange gain.
C) A CDN$300 exchange gain.
D) Nil. Any exchange gain or loss is deferred until settlement.