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IIP301-1,2,3 Review

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IIP301-1,2,3 Review
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12 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Role of BUYER / IMPORTER in the Credit Risk?

Prefers that the seller bear the credit risk and wants to make certain that he receives the goods once he has paid

Prefers that the buyer bear the credit risk and wants to make certain he receives payment for goods shipped

Needs funds for production and the period before payment is received, and prefers that the buyer finance the transaction

Needs funds for payment and during the period before resale of goods, and prefers that the seller finance the transaction

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Role of BUYER / IMPORTER in Political and Legal Risks?

May consider political and legal risks to be significant, especially if the country appears to be unstable by his own standards.

Needs funds for payment and during the period before resale of goods, and prefers that the seller finance the transaction.

Considers political risk to be minimal in part because he lives with it every day and understands it.

Needs funds for production and the period before payment is received, and prefers that the buyer finance the transaction.

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Condition of goods is the matter of

the goods arrive in good (usable or salable)

goods shipped equals goods received

certainty of getting paid for the goods sold

none of the above

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Timeliness of the receipt of goods is the matter of:

Goods are delivered at the border on time.

Goods are delivered to the buyer on time.

Goods are shipped from the seller on time.

Goods are in transit on time according to the shipping plan.

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is the seller wants to make certain that goods shipped equals goods received?

Quality of goods

Assurance of delivery and correct count

Condition of goods

Timeliness of receipt of goods

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which of the following is NOT the factor in concerns of buyer?

Assurance of delivery and correct count

Timeliness of receipt of goods

Seller as a broker

Transportation costs and risks

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

One of the differences in concerns of buyer and seller?

Currency risk

Finance the transaction

Legal risks

Transportation costs and risks

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