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International Business A Managerial Perspective

Business

Quiz 18 :

International Financial Management

Quiz 18 :

International Financial Management

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________ are considered less risky and are usually discounted less than ________.
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C

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Which currency do importers typically prefer to use in transactions?
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C

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Janson Enterprises, a U.S. firm, is exporting medical equipment to an Indonesian firm that has poor credit. Which method of payment would Janson most likely prefer?
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A

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Which currency do exporters typically prefer to use in transactions?
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What document serves as a title to the goods in question under the document collection payment method?
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Theresa, an importer, uses a variety of payment methods when paying for goods. Which of the following is most likely the safest for Theresa?
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When paying via ________, the goods are shipped by the exporter and received by the importer before payment, and the exporter then bills the importer for the goods, stipulating the amount, form, and time at which payment is expected.
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A ________ extends credit to the importer by requiring payment at some specified time after the importer receives the goods.
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FedEx provided Lewis Exporters with a document that serves as a contract for transporting twenty boxes from Boston to Paris. Which term best describes this document?
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A ________ requires payment upon the transfer of title to the goods from the exporter to the importer.
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In specialized international lending activity, firms may engage in ________, where they buy foreign accounts receivable at a discount from face value.
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Thompson Exporters, a new exporting firm, provides a 5 percent discount to customers who use the safest method of payment. Which method of payment most likely receives this discount?
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Why would an exporter most likely consider an open account undesirable?
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Major exporting countries typically invoice foreign customers in ________.
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Fulsom Exporting prefers that customers who pay in advance use a wire transfer. What is the most likely reason for this preference?
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More than 70 percent of developing country exports are invoiced in ________.
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Theresa, an importer, uses a variety of payment methods when paying for goods. Which of the following forms of payment provides the most risk to Theresa?
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Which currency is used most often for transactions involving commercial aircraft?
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When acceptances are sold ________, it means that the buyer of the acceptance is stuck with the loss if the importer does not pay.
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An accepted time draft is called a ________.
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