Persons,groups,and Institutions That Are Affected in Some Way by the Organization's

question 171

Multiple Choice

Persons,groups,and institutions that are affected in some way by the organization's performance are referred to as __________.

• A)Agencies.
• B)Stakeholders.
• C)Target populations.
• D)Corporate governance.
• E)Community dependents.

---

Definitions:

Confirmed Letter of Credit

A letter of credit that has an additional guarantee by a second bank, ensuring payment under the letter of credit if the issuing bank fails to do so.

Seller's Bank

A bank appointed by a seller, often in trade transactions, to handle the documentation and receipt of payment from the buyer.

Liability

A company's or individual's legal responsibility for their actions or the state of being legally obligated to settle a debt.

Negotiable Bill of Lading

A document issued by a carrier that guarantees the delivery of goods to a specified party and can be transferred by endorsement to others.