A letter of credit in which the issuer is obligated to pay a beneficiary upon presentation of documents indicating a default by the account party in the payment of a debt is:
a. a complying letter of credit.
b. a sight letter of credit.
c. a confirmed letter of credit.
d. a standby letter of credit.
d
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______ is the expectation that successful performance of the task will lead to the desired outcome.
A. Expectancy B. Reinforcement C. Valence D. Effort E. Instrumentality
After the aftermath of the tragedy involving fire in garment factories in Bangladesh, Walmart implemented a "zero-tolerance policy"
The Workers Rights Consortium, the International Labor Organization and other groups monitoring labor issues are stepping up pressure on companies that participate in the global garment supply chain due to the following reasons, except: A) retailers pay lip service to concerns about factory safety. B) retailers continue to focus on low prices. C) those auditing facilities are audited by BSCI's qualified engineers. D) the buyers and consumer are willing to pay more for garments. E) retailers do not provide funds for fire safety training.
If a capital expenditure is incorrectly recorded on a company's books as a revenue expenditure, which of the following statements will be true?
a. Net income will be understated for the year. b. Stockholders' equity will be overstated at year end. c. Total assets will be overstated at year end. d. Net income in the following year will be understated.
A partnership:
A. Is a legal organization separate from its owners. B. Has unlimited liability for its partners. C. Has to have a written agreement in order to be legal. D. Is also called a sole proprietorship. E. Has owners called shareholders.