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.

Analyze the philosophical arguments for and against utilitarianism and its implications for justice.

Distinguish between psychological egoism and ethical altruism through historical examples and philosophical debate.

Understand different philosophies on the good life, including hedonism, and the utility principle's role in ethical decision-making.

Understand the foundational concepts and chief features of morality.

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Definitions:

Journal

A chronological record of all financial transactions, used to transfer information to a company's general ledger.

Accounts

Financial records that track the income, expenses, assets, liabilities, and equity of an individual or organization, forming the basis for financial reporting.

Transaction Effects

The impact of business transactions on the financial statements, including assets, liabilities, and equity.

Advertising Brochure

A printed promotional document used to introduce a company, product, or service to potential customers.