Which of the Following Transactions Refers to the Purchase of Goods

question 97

Multiple Choice

Which of the following transactions refers to the purchase of goods or services produced by a company based in one country from sellers that reside in a different country?

• A) importing
• B) countertrading
• C) exporting
• D) freight forwarding

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Definitions:

Microsoft Office

A suite of productivity tools developed by Microsoft, including Word, Excel, PowerPoint, and Outlook, designed for document creation, data analysis, presentations, and email management.

Software License

A legal agreement that specifies the terms under which a software program can be accessed and used.

Software Piracy

The illegal copying, distribution, or use of software without the proper licensing or purchase from the copyright owner.