In global trade, a ________ is a written agreement by a bank to pay the seller, on account of the buyer, a sum of money upon presentation of certain documents
A) trade card payment
B) letter of credit
C) micropayment
D) bank check
B
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Recent reports indicate that sustainability is becoming a less strategic part of business.
Answer the following statement true (T) or false (F)
In the case of a nonmerchant, good faith means honesty in fact as well as the observance of reasonable commercial standards of fair dealing in the trade.
Answer the following statement true (T) or false (F)
When a tenant attaches personal property to leased premises for the purpose of carrying on his or her business, it is called a(n) ________ fixture.
A. trade B. agricultural C. ornamental D. domestic
gross profit as a percentage of net sales is ________. (Round your answer to two decimal places.)
Mercer, Inc. provides the following data for 2019:
A) 37.96%
B) 39.80%
C) 60.20%
D) 40.8%