To constitute a true letter of credit transaction, the issuing bank must receive a fee or other valid business consideration for issuing the L/C
Indicate whether the statement is true or false.
Answer: TRUE
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The pollutant standards under the national ambient air quality standards (NAAQS) are set in two levels
Indicate whether the statement is true or false
An agent is not normally liable on a contract he makes with a third party on behalf of a(n):
a. undisclosed principal. b. disclosed principal. c. unidentified principal. d. All of these are correct.
Randall Corporation, headquartered in Pittsburgh, has a manufacturing plant in Dallas. Plant managers desire to participate in the company's budget efforts, which, for the past 10 years, have been handled solely by top executives in Pittsburgh. Dallas managers feel that by becoming involved, they can make great strides in terms of improving operating performance of their aging facility.Required: Briefly discuss this situation, focusing on the benefits and problems of letting Dallas managers participate in the company's budgetary efforts.
What will be an ideal response?
Backup media should be encrypted
Indicate whether the statement is true or false.