Description : In a _____ countertrade the initial seller receives compensation in products that arise out of the original sale. A. consignment B. barter C. counterpurchase D. buy-back agreement E. switch trading
Last Answer : D. buy-back agreement
Description : Forms of countertrade include the following except ___. A. simple barter B. clearing arrangement C. switch trade D.counterpurchase E. mutual agreement
Last Answer : E. mutual agreement
Description : Buying a company's accounts receivable on a nonrecourse basis is known as _____. A. switch trading B. financing C. factoring D. funding E. free trade
Last Answer : C. factoring
Description : Which of the following is not a form of offset agreements? A. coproduction B. licensed production C. subcontractor production D. cash in advance E. technology transfer
Last Answer : D. cash in advance
Description : When exporting some common pitfalls include: A. failure to use an export management company B. failure to print service, sales, and warranty messages in local languages C. chasing orders around the ... orderly growth D. failure to consider licensing or joint venture agreements E. all of the above
Last Answer : E. all of the above
Description : The “three C’s” of international commerce are: A. customers B. commitment C. currency D. cultural sensitivity E. A, B, and D
Last Answer : C. currency
Description : Which of the following is not necessarily a party to a forfaiting transaction? A. exporter B. importer C. broker D. bank E. forfaiter
Last Answer : C. broker
Description : Which of the following is not true of a consular invoice? A. provides customs officials with all information B. facilitates easy customs clearance C. helps customs officials assess duties D. issued by the consulate of the exporting country E. it is not a title to the goods
Last Answer : D. issued by the consulate of the exporting country
Description : A document that contains a precise description of the goods is known as a _____. A. weight list B. packing list C. commercial invoice D. certificate of origin E. consular invoice
Last Answer : C. commercial invoice
Description : A commercial invoice is issued by _____. A. exporter B. exporter's bank C. importer D. importer's bank E. confirming bank
Last Answer : A. exporter
Description : Which of the following documents should necessarily accompany a draft? A. certificate of origin B. weight list C. packing list D. inspection certificate E. none of the above
Last Answer : E. none of the above
Description : Which of the following may be required as additional documents in a letter of credit? A. commercial invoice B. insurance document C. consular invoice D. certificate of origin E. all of the above
Description : If an exporter is doubtful about an issuing bank's ability to pay, he will expect a domestic bank to join the transaction in a _____ letter of credit. A. revolving B. irrevocable C. revocable D. unconfirmed E. confirmed
Last Answer : E. confirmed
Description : If a letter of credit can be neither cancelled nor modified without the consent of all parties, it is known as _____. A. revolving B. irrevocable C. revocable D. unconfirmed E. unclean
Last Answer : B. irrevocable
Description : Which of the following is not true of a letter of credit? A. it is a document B. issued by a bank C. at the request of the exporter D. the bank agrees to honor a draft drawn on the importer E. payable in the designated currency
Last Answer : C. at the request of the exporter
Description : A(n) _____ bill of lading does not guarantee that the goods have been loaded on the vessel. A. on-board B. foul C. received-for-shipment D. straight E. order
Last Answer : C. received-for-shipment
Description : If a carrier is instructed to deliver goods to an importer, a _____ bill of lading is used. A.straight B. order C. documentary D. on-board E. clean
Last Answer : A.straight
Description : When IBM ships products to its subsidiary in Argentina, it will most likely use a ____ draft. A. sight B. clean C. D/P D. demand E. all of the above
Last Answer : B. clean
Description : Documentary drafts require various shipping documents such as ____. A. bills of lading B. insurance certificates C. commercial invoices D. A and B E. A, B, and C
Last Answer : E. A, B, and C
Description : If a draft is accepted by a bank, it becomes a _____. A. valid draft B. demand draft C. usance draft D. banker's acceptance E. drawee's acceptance
Last Answer : D. banker's acceptance
Description : If a draft is made to bearer, payment should be made to _____. A. a bank B. drawer C. acceptor D. anyone who presents the draft E. all of the above
Last Answer : D. anyone who presents the draft
Description : Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an ... D. must be payable on sight or at a specified date E. must be made out to order or bearer
Last Answer : B. must contain a promise to pay a certain sum if goods are received
Description : Foreign exchange risk can be reduced by using _____. A. forward contracts B. futures contracts C. currency options D. currency denomination E. all of the above
Description : ______ risk is the potential exchange loss from outstanding obligations as a result of exchange-rate fluctuations. A. Trade B. Exchange C. Finance D. Noncompletion E. Transaction
Last Answer : E. Transaction
Description : Which of the following is not an important document in foreign trade? A. a check for the value of goods B. a draft C. bill of lading D. a letter of credit E. none of the above
Last Answer : A. a check for the value of goods
Description : Which of the following is not a basic objective of documentation in foreign trade? A. to assure that the exporter will receive the payment B. to assure that the importer will receive the goods C. to eliminate risk of noncompletion D. to reduce foreign exchange risk E. none of the above
Description : The oldest form of exchange--trading of products--is known as A)credit. B)buying. C)purchasing. D)barter. E)pricing.
Last Answer : D)barter.
Description : Nuhitzu believes it has the technological expertise to produce communication systems that will be the leaders around the globe. Boston Electronics is widely regarded as having excellent management ... trading company C)a joint agreement D)a strategic alliance E)a multinational enterprise
Last Answer : D)a strategic alliance
Description : Do you think a consignment shop would be a good idea?
Last Answer : answer:Yup, get a lawyer and write up the contract for consigned items. Take pictures and document everything. Get the person (with photo ID & keep a copy of it) dropping off the item to agree how ... , Gently Used Items For Sale. Control the inventory with computer database. Must be more . . .
Description : What's a reasonable wage to propose to work retail sales at an independent consignment boutique/gallery?
Last Answer : answer:$10-$12 would be reasonable. I'd start at $10 and raise to $11-$12 within 6 months to give incentive and pay a little better for a decent employee. If it's ultra part time, less than 15 hours a ... in paying a generous wage to those that I need/want to be valuable to me. Min. wage is a JOKE!
Description : CONSIGNMENT SHOP IN DECATUR, GEORGAS
Last Answer : Need Answer
Description : What consignment bears the marks of a skull and crossbones with a person running?
Last Answer : mammals
Description : What are the first steps in opening a small consignment store?
Last Answer : Starting a consignment store one is a fairly simple process as long as you have a steady amount of access to new merchandise. Going to real estate auctions or hitting storage sales is one of the best ways to stock up your store with a lot of new merchandise.
Description : Service for sending parcels and large consignment across the nation and world called is a) Parcel post b) Media post c) Logistic post d) Express post
Last Answer : c) Logistic post
Description : CAGE Framework stands for... A. Cultural, Adminsistrative & Political, Government, Economic B. Community, Age, Gender, Experience C. Consignment, Advance, Governement, Export D. None of the above
Last Answer : Cultural, Adminsistrative & Political, Government, Economic
Description : Which of the following is a mode of entry which can be chosen when going international? A. Consignment B. Wholly Owned Subsidiary C. Leasing D. Email
Last Answer : Wholly Owned Subsidiary
Description : How Does The Consignment Cycle Operate?
Last Answer : The various steps in consignment cycle are: 1. Create consignment info record with proper tax code. 2. Create Purchase order with item category K. 3. Create output condition record for KONS (output ... (GR). 5. Payment is settled through MRKO transaction even if invoice verification is not done.
Description : What Do You Mean By Consignment Stock?
Last Answer : In Consignment, material is available at our store premises, however it still belongs to the vendor(seller)/Owner of the material. If you utilize the material from consignment stocks, then you have to pay to the vendor.
Description : O.D.C. Stands for (a) On direct current (b) Over dimensioned consignment* (c) None of them (d) Operating & gate
Last Answer : (b) Over dimensioned consignment*
Description : Barter: if we all lived together in a flutherworld, minutes away from each other, what would you barter?
Last Answer : answer:I could teach beginners Spanish, bake some desserts, help your kids with math up through algebra, hook a rug, run some errands. What I need is a gardner, someone to cut back the bushes and trees in my ... once a month. Oh, and I need a handyman to do a little this and that around the house.
Description : Who is Barter?
Last Answer : Are you sure it’s not Barker? (As in Ma Barker of outlaw fame)
Description : Could you Barter and survive?
Last Answer : answer:In the question you link to I show a certain dislike for big greedy corporations, but, im just as bad. yes I would survive well, and while i hate the system we have at the moment, i ... better or worse, well, i dont know, i dont really measure things that way. im leaning towards better.
Description : Do you think that if the economy doesn't get back on its feet, we will resort back to a legal barter system at least partially?
Last Answer : I have been bartering for years to some extent. You should see my pearly white veneers and the beautiful kitchen my dentist has! (Hubby is a contractor.)
Description : What are the advantages and disadvantages of the barter system over the use of money?
Last Answer : Tax avoidance
Description : How were the difficulties of barter system overcome? -Geography
Last Answer : The difficulties of barter system were overcome by the introduction of money
Description : State three disadvantages of the barter system. -SST 10th
Last Answer : . In a barter system, double coincidence of wants is required. . Here, the person is required to sell only what the other wishes to buy. . If both parties do not agree, the goods cannot be exchanged for goods.
Description : Give an example to show that double coincidence of wants is necessary in a barter system. -SST 10th
Last Answer : A shoe manufacturer wants to sell shoes in the market and buy wheat. The shoe manufacturer will first exchange shoes that he had produced for money, and then exchange the money for wheat. Imagine how ... agree to sell and buy each other's commodities. This is known as double coincidence of wants.
Description : What is the meaning of barter system ? -SST 10th
Last Answer : Barter system involves exchanging goods directly with no medium like money. One good is bought for another good.
Description : Identify the condition when both the parties in a barter economy have to agree to sell and buy each other's commodities? What is it called ? -SST 10th
Last Answer : The situation mentioned in case of a barter economy is called Double Coincidence of Wants.
Description : I have to prepare a 15 page project(excluding pictures) on the topic''Evolution of money from barter system to plastic money.'' How should i do it? -SST 10th
Last Answer : This answer was deleted by our moderators...