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:

Repetition For Reinforcement

The deliberate use of repeating elements in communication to strengthen memory retention or emphasize a point.

Job Specialization

The process of focusing one's occupational concentration on a specific area of expertise, increasing efficiency and proficiency.

Work Efficiency

The measure of the effectiveness with which tasks and goals are accomplished, often focusing on maximizing outputs with minimal wasted effort or resources.

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs.