If a USexporter Is Concerned About Political and Economic Stability in the in the Buyer's

question 46

Multiple Choice

If a U.S.exporter is concerned about political and economic stability in the buyer's country,the exporter should request which of the following payment terms:

• A) cash against documents.
• B) irrevocable letter of credit.
• C) confirmed letter of credit.
• D) open account terms.

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Definitions:

Implicit Leadership

The idea that leadership qualities are often unconsciously recognized and attributed by followers, beyond explicit leader actions or statements.

Transformational Leadership

A leadership style that inspires positive changes within individuals and organizations by focusing on team goals, morale, and interests beyond self-interest.

Competency

A combination of skills, knowledge, and behavior that is required to perform effectively in a job or activity.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often requiring flexible planning or preparation.