« previous next »

Author Question: What is a letter of credit? a. An instrument issued by a bank at the request of a buyer in which the ... (Read 57 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
on: Jun 29, 2018
What is a letter of credit?
 a. An instrument issued by a bank at the request of a buyer in which the bank promises to pay a specified amount of money on presentation of documents stipulated in the letter.
  b. It is a letter which states that after the seller ships the goods, the shipping documents and the draft demanding payment should be presented to the importer through banks acting as the seller's agent.
  c. It is given to shipping companies who have a line of vessels.
  d. An instrument of currency issued by a foreign government to the exporter.

Question 2

All of the following are opportunities for supplier cost reductions except _____.
 a. process capability
 b. plant utilization
 c. learning-curve effect
 d. ability to vote out the supplier's labor union
  e. management capability


lin77x

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Vasectomy. (a) Vas deferens is located within the spermatic cord on both sides. (b) A small incision Vasectomy. (a) Vas deferens is located within the spermatic cord on both sides. (b) A small incision
Bank Bank
Bank teller assisting with customer service. Bank teller assisting with customer service.
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Letter Frequency Table Letter Frequency Table
Video: Oral Hygiene & Braces Animation

For a complete list of videos, visit our video library