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Explain How and Why Bankers' Acceptances Are Used in International

question 5

Essay

Explain how and why bankers' acceptances are used in international trade.


Definitions:

Controlling

A phase in the management process that consists of monitoring the operating results of implemented plans and comparing the actual results with the expected results.

Choosing Goals

The process of identifying desired outcomes or objectives to guide decision-making and actions.

Managerial Accounting

The practice of analyzing, interpreting, and providing information to management for planning, decision making, and operational control.

Past Data

Historical information and statistics that are analyzed for trends, forecasting, or decision making in various contexts.

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