A Broker or Other Import Consultant Can Help an Importer

question 51

Multiple Choice

A broker or other import consultant can help an importer minimize import duties by ________.

• A) bypassing duty rebates available through drawback provisions
• B) incurring duties by using non-bonded warehouses and foreign trade zones
• C) maximizing liability by improperly marking an import's country of origin
• D) valuing products in such a way that they qualify for more favorable duty treatment

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Definitions:

Cognitive Psychologist

A branch of psychology that studies mental processes such as "attention, language use, memory, perception, problem solving, creativity, and thinking."

Heuristics

Cognitive shortcuts or rules of thumb that simplify decision making, allowing for quick judgments and problem-solving despite the absence of complete information.

Visual Imagery

The process of visualization where an individual imagines visuals in their mind, often used in memory and creative processes.

Natural Concepts

encompass the mental representations of objects and events drawn from our experiences in the natural world, unlike artificial or constructed concepts.