In international business transactions, a documentary letter of credit:
a. is a method of payment for goods that reduces the seller's risk from the possibility that the goods will be shipped, but not paid for.
b. is a type of bill of lading.
c. is a guarantee by the seller's bank that it will pay the price of the exported goods if the seller breaches the contract.
d. All of these.
a
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Creating multiple variations of information goods and selling these to different market segments at different prices is called:
A. bundling. B. customization. C. dynamic pricing. D. versioning.
Cost allocation is the process of dividing a total cost into its fixed and variable components.
Answer the following statement true (T) or false (F)
Only controllable variables can be manipulated in simulation
Indicate whether the statement is true or false
Accuracy in forecasting the demand for labor varies considerably by firm and by industry type, roughly from a ________ percent error factor.
A. 2 to 10 B. 5 to 35 C. 10 to 40 D. 1 to 3