If the exporter believes the political and commercial risks are not sufficient to require a letter of credit, the exporter may agree to payment on a ______ draft basis, which is less costly to the buyer.
Fill in the blank(s) with the appropriate word(s).
documentary
If the exporter believes the political and commercial risks are not sufficient to require a letter of credit, the exporter may agree to payment on a documentary draft basis, which is less costly to the buyer. Although documentary draft and letter-of-credit terms are similar, there is one important difference. A confirmed letter of credit guarantees payment to the seller if the seller conforms to its requirements. There is no guarantee with a documentary draft.
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______________________________ maintenance is performed to fix errors
Fill in the blank(s) with correct word
A functional résumé focuses on job duties performed rather than a chronological job history
Indicate whether the statement is true or false.
Crowdfunding and crowdsourcing would both be considered which of the following strategies?
a. formal fundraising b. bootstrapping c. angel funding d. none of these
An expropriation, or nationalization, occurs when a government seizes foreign-owned property or assets for a public purpose and pays the owner just compensation for what is taken
a. True b. False Indicate whether the statement is true or false