How Does the International Practice of Settling Trade Transactions Differ

question 31

Multiple Choice

How does the international practice of settling trade transactions differ from domestic practice?

• A)In international business,a formal promise to pay is required before obtaining the merchandise.
• B)In international business,the seller usually ships merchandise on an open account.
• C)In domestic business,a draft is used to settle trade transactions.
• D)In international business,the exporter sends a commercial invoice that specifies the amount due and the terms of payment to the importer.

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Definitions:

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The time period from about 18 to 25, which is characterized by the shift towards increasing independence and autonomy.

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The presence of a wide range of cultures, ethnic groups, and races in a community or organization, leading to a variety of viewpoints and experiences.

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Refers to conflicts or uncertainties about one's role, goals, abilities, or social affiliations.

Discrimination

The unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.