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/

1. 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