An agreement or assurance by the bank of a buyer to pay a specified amount to the seller upon receipt of certain documents that prove that the goods have been shipped and that contractual obligations of the seller have been fulfilled is known as a(n):
a. letter of obligation b. letter of credit
c. letter of confirmation d. letter of payment
e. assurance of payment letter
b
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When servant leadership is practiced, organizational performance is positively affected because ______.
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