Question
1/ If your company is expanding its business from domestic sales to international, which of the following resources can you seek support from for shipping
1/ If your company is expanding its business from domestic sales to international, which of the following resources can you seek support from for shipping solutions and/or advisory?
A. Freight forwarders | ||
C. Third-party logistics providers | ||
B. Export Credit Agencies | ||
E. All of the above | ||
D. Trading houses |
2/ Open account means the following:
A. Exporter is paid by the importer upon receipt of goods or at an arranged future date | ||
B. The exporter is financing the importer. | ||
C. The importer bears all risk of non-payment. | ||
D. All of the above are correct. | ||
E. Only a and b are correct |
3/ You work for a large importing company and are negotiating a long-term contract with an exporter abroad. To mitigate the risk of non-compliance by the exporter, your boss guides you to require them to post 20% of the contract value beforehand, and she specifies that she would rather not have to deal with a foreign bank. This is called a:
D. Surety bond | ||
C. Retention guarantee | ||
B. Performance guarantee | ||
A. Bid guarantee |
4/
Which of the following statements regarding forfaiting is/are accurate?
A. The costs associated with forfaiting are often higher than conventional financing | ||
B. Forfaiting is typically a short-term transaction, less than one year | ||
C. Forfaiting is readily available to small businesses | ||
D. Forfaiting eliminates commercial, political, and foreign exchange risks | ||
E. Both a and d are accurate |
5/
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In international trade disputes, this ADR relies on a third-party doing their analysis alone and imposing a binding decision
A. Arbitration
B. Mediation
C. Litigation
D. Conciliation
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