When Should an Exporter Get Export Credit Insurance

question 15

Multiple Choice

When should an exporter get export credit insurance?

• A)When the exporter is facing a situation where the importer may default on payment.
• B)When the exporter is dealing with a country that has a nonconvertible currency.
• C)When the exporter is unable to obtain any preexport financing.
• D)When the exporter has received a letter of credit from the importer's bank.

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Definitions:

High Need

A psychological condition where an individual has a greater than average requirement for a certain stimulus or condition to achieve satisfaction.

Interpersonal Relationships

The connections and interactions between two or more people, which may be based on sentiments, love, solidarity, regular business interactions, or some other type of social commitment.

Two-factor Theory

Two-factor theory, also known as Herzberg's motivation-hygiene theory, posits that job satisfaction and dissatisfaction arise from two distinct sets of factors: motivators and hygiene factors.

Job Satisfaction

The level of contentment individuals feel with their job, including aspects like work responsibilities, environment, and compensation.