Which of the Following Is True of Countertrade

question 58

Multiple Choice

Which of the following is true of countertrade?

• A) The governments of developing nations sometimes insist on a certain amount of countertrade.
• B) Countertrade is a means of structuring an international sale when conventional means of payment are cost-effective.
• C) Nonconvertibility is an advantage for exporters.
• D) Nonconvertibility implies that the exporter will only be paid in his or her home currency.
• E) Most exporters desire payment in a currency that is not convertible.

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Definitions:

Reasonable Attorney's Fees

The amount of legal fees deemed fair for the work performed, often recoverable from the opposing party in litigation under certain conditions.

Strike Suit

A lawsuit with weak merits, often filed by a shareholder against a corporation's executives, hoping for a settlement.

Out-Of-Court Settlements

A resolution reached between disputing parties without the need for a court trial.

Complaining Shareholders

Shareholders who express dissatisfaction with management or company actions, often leading to lawsuits or demands for changes.