Question 36 (1 point) Saved The risk(s) that an exporter is exposed to when choosing the open account payment option includes(s) the following: Foreign accounts receivable default Political risk Economic risk Bank risk N All of the above Question 26 (1 point) Saved The traditional way of determining product costs is: Cost-plus pricing, which includes cost of goods sold and adds a profit margin on top Market-driven pricing, which takes the market price and works backward by reducing the margins and supply chain related costs Cost-plus pricing, which adds cost of goods sold and selling, general and administrative expenses, and adds a profit margin on top Marginal-cost pricing, which takes cost of goods sold and adds a profit margin on top O None of the above are traditional ways to determine product costs Question 28 (1 point) Saved All of the following are considered environmental factors, except: Purchasing Power Foreign exchange rates Inflation rates Applicable laws and regulations w All of the above are considered environmental factors Question 27 (1 point) Saved An exporter receives a call from a prospective buyer (importer). During negotiations the subject of payment options arises. The exporter does not have a lot of information about the importer, and for the importer this will be the first experience they have with this supplier (exporter). Both are equally concerned about commercial risk. The best payment option in a scenario like this is: Documentary letters of credit Payment in advance Documentary collections (documents against payment) Documentary collections (documents against acceptance) Open account Question 39 (1 point) Saved Solutions used to manage commercial risk include all of the following except: Equity Market Options International trade finance instruments Surety Bonds and Guarantees Free or inexpensive expert opinions from banks, embassies, and consulates Risk insurance Question 24 (1 point) Saved Country risk includes all of the following, except: Social and Ethnic Conflicts Movement Toward Expropriation and Protectionism Shrinking Assets and Growing Liabilities for a Large International Bank Growing Fiscal Deficits cling Increasing Unemployment Rates Question 40 (1 point) Saved The following is not a unique cost specific to international trade: International market research Communication (translation) Packaging Travel All of the above are specific and unique to international trade