A Documentary Credit Reduces the Uncertainty of a Transaction by

question 31

Multiple Choice

A documentary credit reduces the uncertainty of a transaction by

• A) creating guarantees of payment by the importer.
• B) providing insurance in case of loss or damage to the merchandise.
• C) allowing extended repayment terms for the importer.
• D) clearly establishing the acts that the exporter must carry out in order to receive payment.

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Definitions:

Management Consulting

A service provided by experts who advise organizations on how to improve their performance through the analysis of existing organizational problems and the development of plans for improvement.

Cleaning

In a general context, it refers to the action of making something free from dirt, marks, or mess, especially through washing, wiping, or removing impurities.

People-based Services

Services that are directly delivered by individuals to customers, focusing on personal interaction and customization.

Outward Bound

An educational program focusing on adventure-based learning, often involving outdoor activities designed to foster personal growth and social skills.