Which of the following methods of financing would be used if the exporting and importing parties had a strong, long-standing relationship?
A) documentary credit (letter of credit)
B) documentary collection
C) cash in advance
D) sales on open account
E) bank draft
D
Business
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What association protects owners of life insurance policies issued by insurers who become insolvent?
A) Nebraska Comprehensive Insurance Pool Act. B) Nebraska Life and Health Insurance Guaranty Association. C) Nebraska Life Insurance Pool. D) Nebraska Property and Liability Association.
Business
________ is the process of assigning managerial authority and responsibility to lower-level managers and employees.
a. Responsibility b. Division of labor c. Delegation d. Accountability
Business