From a Legal Point of View the Uniform Customs and Practices

question 68

Multiple Choice

From a legal point of view the Uniform Customs and Practices for Documentary Credits (UCP) are most accurately described as

• A) something everyone follows who is filling out banking documents in the course of domestic transactions in Canada.
• B) guidelines drawn up by the federal Ministry of Finance that banks are required to follow in international transactions.
• C) regulations in Canada.
• D) law in Canada.
• E) generally accepted rules governing letters of credit that are typically incorporated by reference in letters of credit.

---

Definitions:

Structural Intervention

A method used in organizations to improve effectiveness through changes in policies, structures, and procedures.

Rewards Systems

The mechanisms or programs designed by an organization to recognize, reward, and motivate employees’ achievements and performance.

Culture Change

The modification of a society or organization's values, norms, and practices over time.

Resistance To Change

Refers to the opposition or pushback from individuals or groups when they perceive that a change occurring within an organization is a threat to them.