Which of the Following Can Be Exercised Only When Presented

question 29

Multiple Choice

Which of the following can be exercised only when presented with specified shipping documents?

• A)Documentary drafts
• B)Letter of credit
• C)Airway bill
• D)Bill of lading

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Definitions:

Operating Costs

Expenses associated with the normal business operations, including cost of goods sold and operational overhead.

Operating Cost

Expenses associated with the day-to-day functions of a business, including costs for rent, utilities, and payroll.

Useful Life

The estimated period over which an asset is expected to be usable for its intended purpose, affecting depreciation calculations.

Economic Value

A measure of the benefit provided by a good or service to an economic agent, often quantified in terms of willingness to pay or the added utility it offers.