Which of the Following Statements Is True of Export Credit

question 72

Multiple Choice

Which of the following statements is true of export credit insurance?

• A) Exporters will require more insurance if a letter of credit is used in transactions.
• B) The Foreign Credit Insurance Association provides coverage against commercial risks and political risks.
• C) Private associations cannot offer export insurance in the United States.
• D) Organizations do not receive coverage against political risks of global trade.

Comprehend the existential concepts of freedom, responsibility, and choice.

Learn the existential viewpoint on death anxiety and its involvement in counseling.

Recognize the four areas addressed in existential counseling as stated by Irving Yalom.

Identify the importance of the counseling relationship in existential therapy.

---

Definitions:

Net Income

The amount of earnings left over after all expenses have been deducted from revenue, indicating the financial profitability of a business.

Gross Profit Method

A technique to estimate the inventory's value by deducting the cost of goods sold from the total sales revenue.

Estimated Ending Inventory

An approximation of the value or quantity of inventory that a company has on hand at the end of an accounting period, calculated for planning or valuation purposes.

Gross Profit Rate

The percentage of revenue that exceeds the cost of goods sold, indicating how efficiently a company uses its resources to produce goods.