In Deciding Which Method of Payment to Accept, the Exporter

question 9

Multiple Choice

In deciding which method of payment to accept, the exporter should consider:

• A) the creditworthiness of the importer.
• B) the credit terms offered by competitors.
• C) the previous track record of the importer in meeting payment obligations.
• D) all of the above.
• E) options A and B only.

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Definitions:

Extrinsic Motivation

Motivation that stems from external rewards such as money, fame, grades, and praise.

Extrinsic Rewards

External awards to employees such as salary, bonuses, and paid vacations.

Intrinsic Rewards

Rewards derived internally from performing a task or activity, such as satisfaction, enjoyment, or a sense of achievement.

Inherent Rewards

The satisfaction and motivation that come from the work itself rather than from external rewards like money or recognition.