Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
Question
What international method of payment is issued by a bank and guarantees payment to a seller provided that the seller has complied with applicable terms and conditions of the particular transaction?a. a bill of exchange
b. a letter of credit
c. forfaiting
d. an open account
Answer
This answer is hidden. It contains 1 characters.
Related questions
Q:
Customer profitability analysis explicitly recognizes that all customers are not the same, and some customers are more valuable than others to an organization.
Q:
Objectives should be specific, measurable, achievable, and cost effective.
Q:
Today's customer likes to have multiple purchasing options at her/his disposal, and organizations have responded by developing hybrid marketing channels, that is, separate marketing channels to serve an individual customer.
Q:
Consumers are demanding about the same levels of service today as in years past.
Q:
A commonsense approach is to fill an order from the facility location that is closest to the customer, with the idea that this should generate lower transportation costs as well as a shorter order cycle time.
Q:
To date, most implementations of collaborative planning, forecasting, and replenishment (CPFR) have resulted in increased sales revenues and increased safety stock.
Q:
If Terim puts together this transaction, is he acting ethically? Discuss.
Q:
Should Terim let somebody else complete the transaction because he knows that if he does not sell to the North Koreans somebody else will?
Q:
Diversity and philanthropy are two dimensions of socially responsible procurement.
Q:
Problem recognition is the first step in global procurement.
Q:
The Optimal Cost Reliability Model is used by many managers to classify corporate purchases in terms of their importance and supply complexity.
Q:
Supplier scorecards can be categorical, weighted point, or cost based in nature.
Q:
The Brazilian buyer wants the buses delivered at Santos. Weiss looks up the International Chamber of Commerce's Incoterms and finds three categories of "delivered" at a receiving port. They are:
DAT (Delivered at Terminal). In this type of transaction, the seller clears the goods for export and bears all risks and costs associated with delivering the goods and unloading them at the terminal at the named port or place of destination. The buyer is responsible for all costs and risks from this point forward including clearing the goods for import at the named country of destination.
DAP (Delivered at Place). The seller clears the goods for export and bears all risks and costs associated with delivering goods to the named place of destination not unloaded. The buyer is responsible for all costs and risks associated with unloading the goods and clearing customs to import goods into the named country of destination.
DDP (Delivered Duty Paid). The seller bears all risks and costs associated with delivering the goods to the named place of destination ready for unloading and clearing for import.
How should he choose? Why?
Q:
Drayage refers to ocean shipping, often along a region's coast, rather than across oceans.
Q:
Integrated air carriers own all their vehicles and the facilities that fall in between.
Q:
Shipping conferences refer to annual meetings of large international shippers.
Q:
International transportation cannot be effective or efficient without fairly identical handling equipment being in place at each end of the trip.
Q:
International freight forwarders' income comes from two primary sources.
Q:
Cargo preference rules indicate how each shipment should be loaded into a transport vehicle.
Q:
Gross world product refers to the sum of the gross domestic product of all countries.
Q:
The Logistics Performance Index ____.
a. was created in recognition of the importance of logistics in international trade
b. measures a company's logistics cost as a percentage of its total cost
c. compares inventory turnover for major retailers
d. applies the Balanced Scorecard approach to international logistics activities
Q:
Shipping conferences refer to ____.
a. annual meetings of large international shippers
b. international shippers' associations
c. cartels of ocean vessel operators operating between certain trade areas
d. water ports that are located in the same geographic area
Q:
Incoterms are generally revised approximately every ____ years.
a. 25
b. 20
c. 10
d. 5
Q:
A ____ is similar in nature to a domestic bill of lading and summarizes the entire transaction.
a. certificate of origin
b. commercial invoice
c. shipper's letter of instruction
d. shipper's export declaration
e. none of the above
Q:
A ____ is used in areas where dockworkers cannot read but need a method to keep documents and shipments together.
a. RFID tab
b. shipper's mark
c. shipment coordinator
d. bar code
Q:
When one country's currency is weak relative to other currencies, ____.
a. it becomes more costly to import products to the country, but its exports surge
b. both imports and exports surge
c. it becomes more costly to export products from the country, but its imports surge
d. it becomes more costly to import and export products
Q:
____ refers to the sum of the gross domestic product of all countries.
a. net world product
b. world net income
c. gross world product
d. gross world income
Q:
Discuss some of the labeling requirements associated with hazardous materials.
Q:
What information is needed to design a protective package properly?
Q:
How do product characteristics influence packaging and materials handling considerations?