Under a letter of credit, the exporter will not ship the products until the importer has sent payment to the exporter

a. True
b. False

b

Business

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In which of the following ways does the FDA regulate cosmetics?

A) by adding warnings for potential carcinogens B) by regulating the sale of cosmetics through exclusive FDA-approved stores C) by placing a complete ban on animal testing in the cosmetic industry D) by autonomously undertaking criminal proceedings against nonconforming cosmetic companies

Business

If a long-term investment suffers a permanent decline in value, a loss only has to be recorded if the investment is sold

Indicate whether the statement is true or false

Business