Which of the Following Relationships Between Importing and Exporting Parties

question 7

Multiple Choice

Which of the following relationships between importing and exporting parties would require the least detailed contract to conduct business?

• A) affiliated party
• B) unaffiliated unknown party
• C) known unaffiliated party
• D) domestic supplier

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Definitions:

Technical Assistance

Support provided, usually to developing countries or firms, in the form of expertise or knowledge transfer to foster growth or solve specific problems.

Microfinance

The provision of small loans and other financial services to low-income entrepreneurs and small-business owners in developing countries.

Microcredit

Small loans given to entrepreneurs in developing countries as a way to foster economic development and alleviate poverty.

Entrepreneurs

Individuals who initiate, manage, and take on the risks of a business or enterprise, often bringing innovation to the market.