A revocable L/C is intended to serve as a means of arranging payment but not as a guarantee of payment

Indicate whether the statement is true or false.

Answer: TRUE

Business

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A collection of beliefs, behaviors and work patterns held in common by people employed by a specific firm is a(n):

A) organizational value B) organizational culture C) mission statement D) strategic philosophy E) corporate vision

Business

Zoning is allowed under the ________ power of the state

A) interstate commerce B) police C) intrastate commerce D) takings

Business