An Exporter in a Developing Country Sells Under CIF Terms

question 62

Multiple Choice

An exporter in a developing country sells under CIF terms to an importer in a developed country.The exporter provides the minimum required insurance coverage.If there is a loss,the importer would

• A) have to file a claim with an insurer in the developing country.
• B) be subject to foreign exchange devaluation due to the length of time of claim processing.
• C) be required under the CIF terms to pay the invoice despite the delay in receiving the claim.
• D) All of the above
• E) None of the above

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Definitions:

Competitive Furniture-Building

The process of constructing furniture in a manner that emphasizes efficiency, quality, and innovation to outperform competitors.

Organizational Setting

The environment or context within which an organization operates, including its culture, structure, and external relationships.

Group Process

The dynamic interactions and processes that occur within a group, influencing its functioning and outcome.

Team Size

The number of members in a team, which can influence the team's dynamics, communication, and effectiveness.