ROC Engineering, a Chinese Shipbuilding Company, Agrees to Build a Fleet

question 51

Multiple Choice

ROC Engineering, a Chinese shipbuilding company, agrees to build a fleet of submarines for the Sri Lankan navy, for which it will be paid in the local Sri Lankan currency. As per the agreement, ROC must also spend a substantial amount of the money it generates through this deal within the country. In accordance with the contract, ROC buys Sri Lankan tea at a reduced rate. This is an example of which of the following forms of countertrade?

• A) descending bid
• B) offset
• C) barter
• D) compensation deal
• E) buyback arrangement

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Definitions:

High Lipid

A condition characterized by an elevated level of lipids in the blood, which can increase the risk of cardiovascular diseases.

Chyle

A milky bodily fluid consisting of lymph and emulsified fats, absorbed from the intestines during digestion.

Lymphatic Vessels

Tubes that carry lymph, a clear fluid that helps the body rid itself of toxins, waste, and other unwanted materials.

Endothelial Cells

Cells that line the interior surface of blood vessels and lymphatic vessels, forming an interface between circulating blood or lymph in the lumen and the rest of the vessel wall.