The Bill of Lading Can Function as Collateral Against Which

question 104

True/False

The bill of lading can function as collateral against which funds may be advanced to the exporter by its local bank before final payment by the importer.

---

Definitions:

Utility

The concept of utility refers to the total satisfaction or benefit that a consumer receives from consuming a good or service.

ROI

Return on Investment, a measure used to evaluate the efficiency or profitability of an investment.

Percent

A way of expressing a number as a fraction of 100, symbolized by the percent sign (%).

Costing Approach

A method or strategy used to evaluate the expenses involved in producing a product or service, impacting pricing and budgeting decisions.