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Which of the Following Allows the Bank Issuing a Letter

question 93

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Which of the following allows the bank issuing a letter of credit to modify the terms of the letter only after obtaining the approval of both exporter and importer?

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Definitions:

Artifacts

Artifacts in an organizational context are tangible elements like physical layout, language, rituals, and technologies that represent the culture of an organization.

Observable Symbols

Tangible or visible indicators that represent abstract concepts, values, or identities within a culture or organization.

Organizational Culture

The collective norms, values, and beliefs that define and shape a company's work environment and employee behavior.

Assumptions

Assumptions are underlying beliefs or ideas that people take for granted without verification.

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