The Risk of Default on the Part of the Importer-Risk

question 62

Multiple Choice

The risk of default on the part of the importer-risk of noncompletion-is present as soon as:

• A) a price quote is given.
• B) goods are received.
• C) the export contract is signed.
• D) the financing period begins.

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Definitions:

Carbon-Zinc

A type of battery chemistry characterized by the use of carbon and zinc as the electrode materials, often used in household batteries.

Alkaline

A type of battery chemistry that is based on the reaction between zinc and manganese dioxide, characterized by high energy density.

Hydrometer

A device used to measure the specific gravity of a fluid, such as the electrolyte used in a battery.

Specific Gravity

The ratio of the volume and weight of a substance to an equal volume and weight of water. Water has a specific gravity of 1.