The Use of Letters of Credit Arose in International Trade

question 4

True/False

The use of letters of credit arose in international trade.

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Definitions:

Span of Control

Refers to the number of direct reports or subordinates that a manager or supervisor can effectively manage.

Organizational Size

The magnitude of an organization, typically measured by the number of employees, revenue size, or operational scale, impacting its structure and processes.

Informal Communication

The exchange of information and messages between individuals in a casual, unstructured manner outside formal communication channels.

Coordinating Mechanisms

Tools or methods used to integrate activities and efforts within an organization.