Johnson Goods,a U

question 44

Multiple Choice

Johnson Goods,a U.S.company is exporting to Watanabe Trading,a Japanese importer.The two parties agree on a draft,but Johnson Goods wants it to be a draft that is payable on presentation to Watanabe Trading.Johnson Goods is asking for a(n)

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

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Definitions:

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Theory of Reasoned Action

A psychological theory that posits individuals' behavioral intentions and actions are influenced by their attitudes towards the behavior and the subjective norms surrounding it.

Subjective Norms

Subjective Norms refer to an individual's perception of whether people important to them think they should perform a behavior. This concept plays a crucial role in theories of behavioral intention.

Norms

Informal understandings that govern the behaviors of members of a society, guiding what actions are considered acceptable or not.