Which of the Following Is a Major Advantage of Using

question 71

Multiple Choice

Which of the following is a major advantage of using a letter of credit?

• A) It gives the importer time to resell the merchandise before payment.
• B) It guarantees the exporter preexport financing.
• C) It helps international traders engage in trade with trust.
• D) It guarantees the importer extra funds for other purposes.

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Definitions:

Control Limits

Defined in statistical quality control, control limits are the bounds within which a process metric is considered to be in a state of statistical control, beyond which indicates a potential issue needing investigation.

Standard Errors

Measures of the variability or spread of sampling distribution estimates, indicating how much sample means differ from the true population mean.

Sample Mean

The average of a set of numerical values.

Control Limits

Statistical boundaries set in control charts that are used in process control to detect times when a process is out of control or behaving anomalously.