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When a business purchases goods and pays for them with a written order for a bank to pay the seller a stated amount of money on a specific date, what has it provided for payment?

a. Warehouse receipt b. Bill of lading c. Banker's acceptance d. Letter of credit

According to Hoftstede, power distance refers to the extent to which the less powerful members of organizations and institutions accept and expect that power is distributed unequally

Indicate whether the statement is true or false