Peterson Manufacturing Wants to Import a Machine from Germany

question 16

Multiple Choice

Peterson Manufacturing wants to import a machine from Germany. However, the company's head of manufacturing is reluctant to spend the time required to obtain a letter of credit that the German exporter insists on. You are the company's CFO. What advantage of a letter of credit will help convince the head of manufacturing that this is worthwhile?

• A) The importer does not have to pay for the merchandise until the documents have arrived.
• B) Obtaining pre-export financing becomes easier.
• C) It helps the importer to get goods for a lower price.
• D) It results in lower shipping costs.
• E) The importer does not have to pay the third party a fee for facilitating the transaction.

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Definitions:

Template Strand

The strand of DNA that serves as the guide for synthesizing RNA during transcription, ensuring the correct sequence of nucleotides.

DNA Replication

The biological process of producing two identical replicas of DNA from one original DNA molecule, essential for cell division.

Complementary Base Pairing

The pairing of bases by hydrogen bond formation in double-stranded nucleic acids according to the base pairing rules: adenine pairs with thymine (in DNA) or uracil (in RNA), and guanine pairs with cytosine.

Purines

A group of heterocyclic aromatic organic compounds, including adenine and guanine, that are key components of DNA and RNA.