Scenario: Wang's Techno Toys

question 7

Multiple Choice

Scenario: Wang's Techno Toys
Ann Wang has been successfully running Wang's Techno Toys that sells high-tech toys in the domestic market. Continually increasing and stiff competition at home has now forced Wang's Techno Toys to enter international markets through direct exports.
-Which of the following methods of export/import financing is Techno Toys' bank using if it acts as an intermediary without accepting financial risk?

• A) documentary collection
• B) buyback
• C) letter of credit
• D) advance payment

Identify the impact of European colonialism and the scramble for Africa in the late 19th century.

Recognize the significance of missionary work and assumptions in foreign nations.

Analyze the role of American businesses and the influence of economic policies in foreign territories.

Understand the cultural and political implications of American imperialism and annexation efforts.

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Definitions:

Wage Gap

The disparity in earnings between different groups, often highlighted between genders or races for similar work and qualifications.

Cornerstone of Prosperity

A fundamental basis or condition required for economic growth or success.

Socialist Model

An economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.

Vertical Integration

Company’s avoidance of middlemen by producing its own supplies and providing for distribution of its product.