Which of the Following Is a Disadvantage of a Countertrade

question 3

Multiple Choice

Which of the following is a disadvantage of a countertrade agreement?

• A) It does not allow firms to finance an export deal when other means are not available.
• B) It is unattractive to multinational companies due to its time-consuming and expensive nature.
• C) Firms prefer to be paid in hard currency.
• D) It is useful only for small companies.
• E) It requires exporting firms to obtain a letter of credit form a local bank.

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Definitions:

Groin Vaults

Architectural feature formed by the intersection at right angles of two barrel vaults, creating a ribbed or groin pattern, common in Roman and Gothic architecture.

Timber Ceilings

Architectural elements that use exposed wooden beams or panels as the visible surface of a ceiling, often adding aesthetic and structural character to a space.

Roman Architecture

An architectural style developed by the Romans, known for advancements such as the arch, the dome, and the use of concrete, influencing Western architecture.

Relics

The body parts, clothing, or objects associated with a holy figure, such as the Buddha or Christ or a Christian saint. Also, in Africa, the bones of ancestors.