The major advantage of a letter of credit to the exporter is that the exporter does not receive any funds until the documents have arrived at a local port or airfield

Indicate whether the statement is true or false.


Answer: FALSE

Business

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The ________ is the process through which the business system conforms to the expectations of society resulting in desired socially responsible outcomes.

A) responsibility of stakeholders B) divestment of wealth C) impact investment strategy D) socialization of capitalism E) integration of ethics

Business

How long does it usually take postgraduates to find their first jobs after college?

a. 1–2 months b. 2–4 months c. 6–12 months d. 3–6 months

Business

As the sales force is given more products to sell to the same customers, a(n) ________ effect is created

A) umbrella marketing B) network C) learning D) marketing cost scope E) cluster

Business

In testing the payroll of a large company, the auditor wants to establish that the individuals included in a sample actually were employees of the company during the period under review. What will be the best source to determine this?

A. Telephone contacts with the employees. B. Tracing from the payroll register to the employee's earnings records. C. Examination of Human Resource Department records. D. Confirmation with the union or other independent organization.

Business