Which of the Following Types of Contracts Are Used Between

question 17

Multiple Choice

Which of the following types of contracts are used between exporters and importers to reduce transaction risks? 

• A) Letter of credit 
• B) Articles of incorporation 
• C) License 
• D) Bill of lading

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Definitions:

Contract Zone

The range within which parties in a negotiation are willing to compromise and where an agreement can potentially be reached.

Interest-Based Bargaining

A negotiation strategy that focuses on collaboratively identifying underlying needs or interests to find mutually beneficial solutions.

Adversarial Bargaining

A negotiation process where parties have opposing interests and negotiate to reach a compromise.

Traditional Bargaining

The conventional process of negotiation between unions and employers focused primarily on wages, hours, and other basic working conditions.