The concept of the L/C is a simple one, the bank as intermediary between buyer and seller. In fact, though, a simple irrevocable L/C requires five steps to clear payment.
Answer the following statement true (T) or false (F)
False
The concept of the L/C is a simple one, the bank as intermediary between buyer and seller. In fact, though, a simple irrevocable L/C requires 11 steps, not five, to clear payment.
You might also like to view...
Which of the following is a key point when providing sources for recommendations?
A) The indirect approach for requests should be used. B) Avoid stating why the recommendation is required. C) Always ask permission before using someone as a reference. D) Always offer to pay the person for their time in writing the reference. E) Avoid pressuring the receiver by mentioning a deadline.
Opponents are parties with whom a negotiator has high agreement on the vision or objectives, but low to moderate levels of trust.
Answer the following statement true (T) or false (F)
Which of the following statements regarding the price/earnings ratio is incorrect?
A) The price/earnings ratio represents the market price of one share of common stock. B) A price/earnings ratio of 9.2 implies that the company's stock is selling at 9.2 times one year's earnings per share. C) A higher price/earnings ratio signifies a higher return on investment. D) The price/earnings ratio is most useful when comparing one company to another.
During which phase of the CPFR do the buyers and sellers establish common business goals and define the responses to events that cause supply chain disruptions?
a. analysis b. strategy and planning c. execution d. demand and supply management