Which One of the Following Is NOTtrue When Shipping Goods

question 21

Multiple Choice

Which one of the following is NOTtrue when 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 is no longer bound to pay the draft to the exporter
• D)a bill of lading will be the most important document of the transaction

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Definitions:

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group, which can impair performance in a variety of settings.

Performance Impairment

A decrease in the ability to perform tasks or activities at a previously established level of competence, often due to physiological or psychological factors.

Negative Belief

A mindset or perspective that focuses on unfavorable outcomes or attributes, often leading to pessimistic attitudes or expectations.

European-Americans

Individuals in the United States who are of European descent.