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19 Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction? OA. sales on open

19 Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction? OA. sales on open account B. draft OC. documentary collection OD. documentary credit (letter of credit) E. cash in advance QUESTION 20 Which of the following financing methods would be used by an exporter that enjoys good relations with a buyer in a well-established market? A. arrival draft B. barter O C. sales on open account D. letter of credit E. cash in advance QUESTION 21 For Starbucks and other companies whose business models include a service component, it is not recommended that they use one of the following methods for going global. OA. exporting B. joint ventures O c. licensing OD. 100-percent ownership OE. franchising

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