A ________ Is a Document an Exporter Draws on a Foreign

question 79

Multiple Choice

A ________ is a document an exporter draws on a foreign buyer, requiring the buyer to pay the face amount, either on sight or on a specified date, once the goods are shipped.

• A)bank draft
• B)letter of credit
• C)repurchase agreement
• D)trade acceptance

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Definitions:

Zone Of Indifference

A range within which attempts to influence a person will be perceived as legitimate and accepted without critical thought.

Psychological Contract

Is an unwritten set of expectations about a person’s exchange of inducements and contributions with an organization.

Chester Barnard

An American business executive and author, known for his work on management theory and organizational studies.

Hierarchical Thinking

The cognitive process of organizing concepts, ideas, or information into levels of importance or ranks.