The Buyer Usually Can Inspect Goods Before Payment Except

question 26

Multiple Choice

The buyer usually can inspect goods before payment except:

• A)where payment is made by check.
• B)when the goods are perishable.
• C)where the goods are shipped COD.
• D)when the buyer pays in a foreign currency.

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Definitions:

Opportunity Costs

Opportunity costs represent the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Mutually Beneficial Trade

A trade agreement between parties that provides gains or advantages to all involved parties.

Tariff

a tax imposed on imported goods and services, intended to make foreign commodities less price-competitive than domestic goods.

Imports

Imports are goods and services bought by residents of a country from another country, which results in an outflow of currency to foreign markets.