When Collecting for the Sale of Foreign Goods,a Small Business

question 67

Multiple Choice

When collecting for the sale of foreign goods,a small business will use a ________,an agreement between their bank and the foreign buyer's bank that guarantees payment.

• A)bank draft
• B)foreign sales agreement
• C)tariff voucher
• D)letter of credit

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Definitions:

Self-Awareness

The recognition and understanding of oneself, including one's traits, feelings, and behaviors, as distinct from others.

Self-Restraint

The ability to control one's emotions, desires, or actions through one's own will, often viewed as a virtue or personal discipline.

Ku Klux Klan-Style

Descriptive of the ideologies, symbols, or methods associated with the Ku Klux Klan, a historically racist and extremist organization in the United States.

Deindividuation

Deindividuation is a psychological state where an individual loses self-awareness and a sense of individuality, often resulting in uninhibited and impulsive behavior, usually in group settings.