What Is True of Price Quotations for International Sale

question 96

Multiple Choice

What is true of price quotations for international sale?

• A) Price quotations can be made only if it is shown that prices are lower in the importing country than in the exporting country.
• B) Price quotations must specify the currency to be used, credit terms of the transaction, and documents required.
• C) The price quotation and contract should define only the quantity of goods and not necessarily the quality.
• D) Price quotations must be quoted only in terms of electronic trade dollars.
• E) Price quotations need to specify the transportation charges but need not necessarily state what type of documentation needs to be used.

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Definitions:

Life Span

The maximum duration of life of a species or the period from an individual's birth to their death, often studied to understand developmental stages across different ages.

Subjective Well-Being

An individual's self-assessment of their own happiness and life satisfaction, reflecting a personal evaluation of quality of life.

Birth Order

The concept that the order in which a child is born in their family can impact their personality, behavior, and psychological development.

Position

one's status, rank, or standing in a social or professional context, or the placement or arrangement in a physical space.