A Shipment That Is Held by the Importer Until the Merchandise

question 106

Multiple Choice

A shipment that is held by the importer until the merchandise has been sold is called:

• A)advance payment.
• B)confirmed irrevocable letter of credit.
• C)unconfirmed irrevocable letter of credit.
• D)open account.
• E)consignment.

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Definitions:

OD Strategy

Organizational Development Strategy involves a planned, organization-wide effort to increase an organization's effectiveness and viability.

Reengineering

The radical redesign of business processes to achieve dramatic improvements in productivity, cycle times, and quality, often involving the use of technology.

Pulse Survey

A quick, frequent survey designed to capture the immediate sentiments or feedback of a group, often used in the context of employee engagement.

Ford Motor Company

An American multinational automaker founded by Henry Ford, known for revolutionizing vehicle manufacturing through the use of assembly lines.