In Which One of the Following Payments Does the Exporter

question 15

Multiple Choice

In which one of the following payments does the exporter retain title to the shipment as long as possible?

• A) sight draft
• B) time draft
• C) documentary collection
• D) documents against payment

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Definitions:

Material Charge Formula

Typically refers to the calculation used to determine the cost of raw materials used in production or service delivery.

Handling And Storage

Activities involved in moving and placing products or materials in a warehouse or storage area.

Labour Hour

A measure of work effort, typically used in costing to allocate overhead based on the number of hours worked.

Competitive Bidding

The process where various suppliers or contractors submit their bids to win a contract, often used to ensure fairness and value in public and private procurement.