A Firm That Uses a Specialized Third-Party Trading House in a Countertrade

question 23

Multiple Choice

A firm that uses a specialized third-party trading house in a countertrade arrangement is involved in:

• A)a barter.
• B)a counterpurchase.
• C)an offset.
• D)switch trading.

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Definitions:

Qualification

The attributes, knowledge, or skills required to perform a particular job or activity, or the act of meeting such criteria.

States

Politically organized bodies of people under a single government, often referring to the constituent entities that make up a federal union, such as in the United States.

Cooperatives

An organization owned and operated by its members with the objective of benefiting them, often in purchasing or selling goods, obtaining services, or producing goods.

Unincorporated

Describes a business or area that has not been formed into a legal corporation or does not fall under a municipality's jurisdiction, respectively.