What are the advantages and disadvantages of letters of credit? http://www.answers.com/Q/Advantages_and_disadvantages_of_Letter_of_Credit Letter of Credit Advantages for both Importers and Exporters For the Exporter/Seller: Upon presentation of the specified documents (in strict conformance) the Buyer/Exporter is guaranteed payment (the exception is if the Issuing Bank folds) Eliminates risk of the buyer canceling the order and therefore reduces production risk Makes it easier for the Buyer/Exporter
Premium International trade Legal documents
What is intelligence? Sattler describes a famous symposium conducted in 1921 at which 13 psychologists gave 13 different definitions of intelligence (1992‚ pp. 44-45). Some of these definitions are paraphrased below: Intelligence is. . . the tendency to take and maintain a direction. . . judgment‚ otherwise called good sense‚ practical sense‚ initiative. . . everything intellectual can be reduced to . . . relations or correlates. . . adjustment or adaptation to the environment. . . global capacity
Free Intelligence Psychometrics Intelligence quotient
Growing up in poverty has many disadvantages‚ especially when there is racial lack of balance. There are areas where people still hold a standard idea of certain races‚ such as African Americans‚ Latinos‚ Asian Americans‚ and Native Americans. William Julius Wilson‚ author of the book More than Just Race: Being Black and Poor in the Inner City addresses personal encounters with certain people looking down on him for his skin color. This leads Wilson to communicate to those who feel downgraded by
Premium Race Black people Sociology
LEGITIMATE EXPECTATION The Legal and Institutional Background The doctrine of legitimate expectation operates as a control over the exercise of discretionary powers conferred upon a public authority. The typical reason why discretionary powers are conferred upon a public authority is to ensure that they are exercised having due regard to the particular circumstances of individual cases coming before the decision-maker – ie in circumstances where Parliament was not confident at the time
Premium Decision making Administrative law Decision theory
http://blog.clientheartbeat.com/customer-expectations/ Customer expectation a. The hard facts about customer expectations 1. Manage promises 2. Customers want relationships 3. The service process is the key to exceeding expectations b. Understanding customer expectation The benefits of understanding customer expectations Understanding your customers’ needs C.examples of companies exceeding customer expectations Amazon exceeds expectations with delivery Google and youtube Excellent customer
Premium Customer service Customer Good
High expectations; harmful or helpful? Many parents want their child to be top of their class‚ make straight A’s‚ and be something to brag about at the parent teacher conferences. Having high expectations for your children helps their mind set‚ education‚ and end results. Some people think it overworks the kid or lowers their self-esteem‚ although it has been proven that children who were expected to reach their parents expectations‚ do. First of all‚ having high expectations for your kid at early
Premium Expected value 2006 albums Expectation
into a room full of friends and your attitude changes. You treat people differently than you would if you were alone‚ you change your actions‚ and you morph your personality to fit what you think everyone around you expects of you. Why do we let ourselves succumb to negative social expectations? Social expectations limit who you are. You can’t display your personality if you are changing it to make the people around you happy. Limitations on who you can be will only hurt you in the long run. When
Premium 2007 singles High school Middle school
be extremely masculine. The problem with these expectations is that the idea of masculinity is skewed in a way that makes having emotions seem like a feminine practice. It weighs heavily on the men in the village and has a large influence on their decision making. One man who is particularly affected by these expectations is Okonkwo‚ the most skilled warrior of the village and protagonist of the story. He was so obsessed with adhering the expectations set by himself and his society that he became
Premium Gender Man Things Fall Apart
women feel as if they must behave in a manner that is acceptable to the public. Expectations can be seen as something that is suppose to happen. As well as societal expectations‚ which are unclear‚ and unwritten standards‚ followed by people in a specific environment. They differ for every individual depending on their environment‚ and culture. One would assume the individual would conform to their societal expectations‚ but that’s not the case. Instead the individual performance reflects the way they
Premium Black-and-white films Human sexual behavior American films
The evolution of a person can be complicated when one has "great expectations." In Charles Dickens’ finest novel‚ "Great Expectations‚" a young boy named Phillip Pirrup known as Pip who’s great expectations are a dramatized exploration of human growth and the pressures that distort the potential of an ordinary individual‚ especially in the process of growing up. Pip is a simple blacksmith’s boy who aspires to cross social boundaries when he realizes his own upbringing is common; however‚ he has no
Premium Great Expectations Charles Dickens Fiction