By Shipping Goods Under Documentary Time Drafts for Acceptance

question 11

Multiple Choice

By shipping goods under documentary time drafts for acceptance

• A) the exporter is extending credit to the importer
• B) the exporter is relinquishing control of the goods in return for a signature on the acceptance to assure it of payment
• C) the importer guarantees that it will pay cash on delivery
• D) a and b only

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Definitions:

Motivation

The driving force or reason behind an individual's actions, desires, and needs.

Attention

Attention is the cognitive process of selectively concentrating on one aspect of the environment while ignoring other things, essential for various cognitive functions.

Electroconvulsive Therapy (ECT)

A medical treatment that involves sending small electric currents through the brain to trigger a brief seizure, used to treat severe depression and other mental health conditions.

Depression

A disorder in mental health defined by ongoing feelings of sadness or a lack of enthusiasm for activities, significantly hindering day-to-day life.