Cargo Preference Rules ___________

question 15

Multiple Choice

Cargo preference rules ___________.

• A)are synonymous with embargoes
• B)indicate how each shipment should be loaded into a transport vehicle
• C)indicate a shipper's preferred carrier(s)
• D)require a certain percentage of traffic to move on a nation's flag vessels

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Definitions:

Voting Rights

Rights granted to shareholders to vote on company matters, such as electing the board of directors or approving corporate policies.

Significant Judgements

Decisions made by management in the preparation of financial statements that have a significant impact on the amounts and disclosures in those financial statements, often requiring considerable estimates.

Consolidated Financial Statements

Financial statements of a group in which the assets, liabilities, equity, income, expenses, and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the reporting of financial information globally.