A/An ________ Letter of Credit Is Intended to Serve as a Means

question 33

Multiple Choice

A/An ________ letter of credit is intended to serve as a means of arranging payment, but not as a guarantee of payment.

• A) irrevocable
• B) revocable
• C) confirmed
• D) unconfirmed

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Definitions:

Labor Surplus

A situation where the supply of labor exceeds the demand for it, often leading to unemployment or underemployment.

Compensation Costs

Expenses related to paying employees, including wages, salaries, bonuses, benefits, and any other form of remuneration.

Technological Changes

Refers to the advancements and innovations in technology that impact how activities are performed in various domains.

Delphi Meeting

A structured communication technique, often used in forecasting or decision making, involving a panel of experts who answer questionnaires in multiple rounds.