Martin Exporting Requests ABC Bank to Add Its Own Guarantee

question 52

Multiple Choice

Martin Exporting requests ABC Bank to add its own guarantee of payment to a letter of credit,which creates a(n) ________.

• A) advised letter of credit
• B) confirmed letter of credit
• C) irrevocable letter of credit
• D) unconfirmed letter of credit

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Definitions:

Irrelevant Skills

Abilities or competencies that do not apply or provide benefit to a particular task, role, or job requirement.

Talented People

Individuals possessing special skills, abilities, or aptitudes that distinguish them in specific areas or disciplines.

Self-managed

A rephrasing of Self-Managed Teams; it refers to individuals or teams that take responsibility for managing their work and decision-making processes autonomously.

Operating Team

A group of individuals with diverse expertise working together in the daily activities and operations of an organization.