What Is the Basic Function of the Export Trading Company

question 81

Multiple Choice

What is the basic function of the Export Trading Company Act?

• A) It allows U.S. companies to bypass tax laws with respect to international trading.
• B) It allows producers of similar products to form export trading companies.
• C) It allows companies to bypass trade barriers in foreign countries.
• D) It allows companies to earn the highest possible profits in foreign countries.
• E) It allows companies to combine export shipments within single containers.

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Definitions:

Order Instrument

A financial document that is payable to a specified person or entity, such as a check, which requires endorsement for cashing or deposit.

Endorsed

Officially approved or supported, or signed on the back to transfer ownership or to show agreement.

Negotiability

The feature of a financial instrument that allows it to be transferred or assigned from one party to another in a manner that the transferee obtains a good title.

Preponderance of the Evidence

Preponderance of the evidence is the standard of proof in most civil trials, which means that the evidence on one side outweighs, or is more convincing than, the evidence on the other side.