A bank issuing a letter of credit on behalf of an importer is obligated to make the payment due under the letter of credit regardless of the importer's willingness or ability to pay
a. True
b. False
a
You might also like to view...
When auditors do not rely on a detailed knowledge of the application's internal logic, they are performing
a. black box tests of program controls b. white box tests of program controls c. substantive testing d. intuitive testing
The buying process starts with ________, in which the buyer recognizes a need or want
A) problem/opportunity recognition B) information search C) product awareness D) product interest E) evaluation of alternatives
Which statement about passive voice is correct?
A) Passive voice emphasizes the doer of the action. B) Passive voice is called the voice of business. C) Passive-voice verbs direct an action by the subject toward the object of a verb. D) ?Passive-voice verbs direct an action toward the subject.
The idea behind a pulling policy is that customer demand helps to pull the product through the channel.
Answer the following statement true (T) or false (F)