Which of the Following Is Not an Advantage to the Exporter

question 3

Multiple Choice

Which of the following is not an advantage to the exporter of L/C financing?

• A) an L/C eliminates credit risk if the bank that opens it is of undoubted standing
• B) an L/C reduces the danger that payment will be delayed or withheld due to exchange controls or other political acts
• C) payment is only in compliance with the L/C's stipulated conditions
• D) an L/C guards against pre-shipment risk such as order cancellation

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Definitions:

Animal Species

Basic units of biological classification that group together individuals who share common characteristics and are capable of breeding amongst themselves to produce fertile offspring.

Taught Mechanisms

Approaches, strategies, or processes that have been conveyed or imparted through teaching to understand or accomplish something.

Emotional Socialization

The aspect of socialization that involves learning how to understand, manage, and express emotions in socially accepted ways.

Chinese Children

Refers to children of Chinese heritage, possibly focusing on their developmental, cultural, or social specifics.