Indirect Exports Have Two Advantages for a Firm: They Involve

question 19

Multiple Choice

Indirect exports have two advantages for a firm: they involve less investment and ________.

• A) less paperwork
• B) less intrusion by the government
• C) less risk
• D) less competition
• E) less customer suits

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Definitions:

Payee

The party named in a note or draft to whom payment is to be made.

Stop Payment

A banking process through which an account holder can request the bank to stop the payment of a cheque or payment transaction that has been issued but not yet processed.

Drawer

In banking and finance, refers to the party that writes and signs a check or draft, instructing their bank to pay a specified sum to the named party.

Calendar Days

All days in a month or year, including working days, weekends, and public holidays, considered without exception.