The International Organization for Standardization

question 58

Multiple Choice

The International Organization for Standardization

• A) develops technical standards that guide production and distribution.
• B) is a network of national standards from five major countries.
• C) is meant to make international trade more difficult to keep jobs at home.
• D) all of the above

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Definitions:

Loan Against Inventory

A type of financing where a loan is given to a company based on the value of its inventory which serves as collateral.

Line of Credit

An arrangement between a financial institution and a client that establishes a maximum loan balance that the borrower can access.

Commitment Fee

A fee charged by a lender to a borrower for an unused credit line or undisbursed loan, serving as compensation for keeping funds available.

Commitment Fee

A fee charged by a lender to a borrower for an agreed loan that has not yet been utilized, ensuring the availability of the loan for a specified period.