A Sale Made "CIF Foreign Port" Implies That the Terms

question 19

Multiple Choice

A sale made "CIF foreign port" implies that the terms of the sale are:

• A) Credit in foreign currency.
• B) Cash against documents.
• C) Credit against documents.
• D) Settlement pending approval of goods.

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Definitions:

Utilitarianism

A philosophical theory that proposes actions are right if they are useful or for the benefit of a majority.

Ethical Theory

A branch of philosophy that investigates the principles of right and wrong conduct, moral life, and moral judgments.

Ethical Relativism

The belief that moral standards vary between individuals, cultures, or situations and that there are no absolute universal moral standards.

Self-Preservation

The protection of oneself from harm or destruction, often considered a basic instinct in humans and animals.