Which of the Following Statements Is True Regarding an Export

question 29

Multiple Choice

Which of the following statements is true regarding an export trading company (ETC) ?

• A) The seller retains title when dealing with an ETC.
• B) An ETC generally handles only one product or one type of a product.
• C) The sellers are provided with revenue once they sell the products to the ETC.
• D) An ETC is generally smaller than an export management company. Both ETC and EMC (export management company) provide the service of exporting a seller's product into an overseas market. An EMC generally is smaller and usually handles only one product or type of product; an ETC generally handles more types of goods and is larger. Another difference is that an ETC takes title to goods while the goods are still in this country, thereby providing the seller with revenue upon sale to the ETC.

Understand the concept of social loafing and its effect on group performance.

Identify the factors contributing to the dominant response in individuals.

Comprehend the role of fairness norms across different cultures and their evolutionary value.

Analyze the impact of presence of others on individual performance in various tasks.

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Definitions:

Negative Punishment

The removal of a stimulus to decrease the probability that a behavior will recur.

Positive Punishment

Adding an unpleasant stimulus to decrease the probability of a behavior's occurrence.

Negative Reinforcement

involves the removal of an unfavorable event or outcome after the display of a behavior, which in turn increases the likelihood of that behavior in the future.

Positive Reinforcement

The addition of a stimulus to increase the probability that a behavior will be repeated.