A draft, an instrument normally used in international commerce to effect payment, is also known as a letter of credit
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FALSE
A draft, sometimes referred to as a bill of exchange, is the instrument normally used in international commerce to effect payment. A draft is simply an order written by an exporter instructing an importer, or an importer's agent, to pay a specified amount of money at a specified time.
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What is a shelf registration?
A. A registration statement that the SEC formally rejects. B. A registration statement that the SEC rejects due to the lapse of a specified period of time. C. A registration process for large companies that allows them to offer securities over a period of time without seeking additional approval by the SEC. D. A registration form that is withdrawn by the registrant without any action having been taken.
Before rolling out a new marketing communications campaign, employees went to a rally and received training on why the company was changing directions and what it would mean to their customers, which is an example of relationship marketing
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