INCOTERMS 2010 Which Went into Effect from January 1, 2011

question 34

Multiple Choice

INCOTERMS 2010 which went into effect from January 1, 2011 and is an acronym for _____, are the internationally accepted standard definitions for the terms of sale by the International Chamber of Commerce.

• A)Industrial Commercial Terms
• B)Insurance Commercial Terms
• C)Irrevocable Commercial Terms
• D)International Commercial Terms
• E)none of the above

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Definitions:

Formal Report

A structured report with defined sections that presents and analyses data or findings for a specific audience and purpose.

Purpose Statement

A declaration that outlines the intent or goal of a document, presentation, or research project.

Request for Proposal

A formal document that an organization posts to solicit bids from potential vendors for a desired solution or project.

Purpose Statement

A declaration that outlines the objectives or goals of a project, paper, or organization, providing clear direction and focus.