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

question 34

True/False

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

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Definitions:

Employee Leasing

A staffing strategy where companies contract with a third-party to hire and manage their workforce, often to reduce administrative responsibilities.

Professional Employer Organization

A firm that provides a service under which an employer can outsource employee management tasks, such as benefits administration, payroll, and workers' compensation.

Knowledge Worker

An individual whose primary job involves processing and working with information or knowledge, rather than manual labor.

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility and enhance plant growth.