Issued by a Bank at the Request of an Importer,the

question 79

Multiple Choice

Issued by a bank at the request of an importer,the ________________ states that the bank will pay a specified sum of money to the beneficiary on presentation of particular,specified documents.

• A) bill of lading
• B) letter of credit
• C) time draft
• D) sight draft
• E) draft

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Definitions:

Triple Bottom Line

The assessment of the economic, social, and environmental performance of organizations.

Reusable Bags

Bags made of durable materials designed for multiple uses, contributing to reduced waste and environmental impact.

Ethical Standards

Principals that direct conduct in terms of right and wrong, guiding moral decision-making and actions.

Socially Responsible

A principle where individuals and organizations act in the best interests of the society by taking responsibility for the impact of their actions on the environment, consumers, employees, communities, and other stakeholders.