The Use of Countertrade in International Trade

question 76

Multiple Choice

The use of countertrade in international trade:

• A) allows trade with countries short of hard currency.
• B) reduces a firm's competitive advantage.
• C) could increase the tax liabilities of trading firms.
• D) leads to a loss of revenue.
• E) is considered unethical.

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Definitions:

Contract Bargaining

The process of negotiating the terms and conditions of employment between an employer and a group of employees or their representatives.

Management Rights

Provisions within a labor contract that delineate the authority and responsibilities of management to operate and manage the business.

Unions

Organizations formed by workers in various trades or professions to protect their rights, negotiate wages, and improve working conditions through collective bargaining.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.