The Three Basic Documents Needed in a Foreign Trade Transaction

question 47

Multiple Choice

The three basic documents needed in a foreign trade transaction are

• A)letter of credit,time draft,and proof of inspection.
• B)letter of credit,time draft,and a bill of lading.
• C)letter of credit,bill of lading,and insurance.
• D)time draft,bill of lading,and a pro forma statement.

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Definitions:

Institutional Advertising

Advertising aimed at creating a favorable image for an organization rather than promoting individual products or services.

Philanthropic

Characterized by the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes.

Advocacy

The act of supporting or arguing in favor of a particular cause, policy, or group, often involving efforts to influence public opinion or policy.

Advocacy

Advocacy refers to the act of supporting or recommending a particular cause or policy publicly.