The Terms of Payment Between the Exporter and Importer Are

question 130

Multiple Choice

The terms of payment between the exporter and importer are a matter of negotiation and depend on a variety of factors.All of the following might be on that list of factors except:

• A)the buyer's credit standing
• B)the seller's reputation
• C)the amount of the sale transaction
• D)the risks associated with the type of merchandise to be shipped
• E)the usual practice in the trade

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Definitions:

Larceny

The act of taking and carrying away the personal property of another without the right to do so.

Defrauding

The act of obtaining something of value through deceit or trickery.

Bribery

The act of offering, giving, receiving, or soliciting something of value to influence official action or the discharge of a public duty.

Premeditation

The act of planning or plotting in advance, especially with intent to commit a specific action or crime.