« 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 88 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?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Gandhi's letter to Hitler Gandhi's letter to Hitler
The First Letter Technique The First Letter Technique
A form letter is used when the same letter is sent to multiple recipients. A form letter is used when the same letter is sent to multiple recipients.
Greek Letter psi Greek Letter psi
Solve for the indicated letter Solve for the indicated letter
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, ...
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library