When Dealing with International Business Transactions,knowing and Complying with Both

question 40

Multiple Choice

When dealing with international business transactions,knowing and complying with both local and Canadian policies and laws is an important consideration.This generally will include all of the following except:

• A)arrangements for financing.
• B)ensuring that contractual terms limiting liability are included in agreements.
• C)ensuring adequate insurance coverage is acquired.
• D)ensuring that a process for arbitrating disputes is clearly set out.
• E)ensuring that foreign officials who can impact on the success of the business are appropriately taken care of.

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Definitions:

Driver Inspection Report

Driver Inspection Report is a document completed by vehicle operators to record the condition of their vehicle, noting any defects or maintenance needs to ensure safety and compliance.

Antifreeze Mixture

A solution, typically comprising water and ethylene glycol or propylene glycol, used in vehicle cooling systems to prevent freezing and overheating.

Standard Type 30

Often refers to a size or specification for parts such as brake chambers in commercial vehicles, indicating a common dimension or capacity.

Clamp-type Brake Chamber

A component of air brake systems commonly found on trucks and buses, using air pressure to apply the brakes.