Chapter 1 - PRACTICE 1

In which transaction are there single sellers, many buyers?

• Auction

• Processing

• Bidding

• Direct transaction

Goods in auction are:

• Often of great supply

• Precious

• Easy to standardize

• All aboves

Participants bid openly against one another, each subsequent bid higher than the previous bid

• Dutch auction

• English auction

• American auction

• None of aboves

The number of participating bidders is not limited

• Appointment of contractors

• Restrictive bidding

• Open bidding

• One-stage bidding

In which transaction are there one buyer vs. many sellers/suppliers

• Auction

• Processing

• Bidding

• Direct transaction

The processor will remunerate all reasonable costs and the processing fee;. This is the type of processing, called

• Cost plus pricing

• Target pricing

• Restrictive pricing

• None of above

Mr X signs the option contract for one month. The pre-fixed price is 60 USD/stock, the quantity of stocks: 100 stocks, option money: 10 USD/stock. One month later, the price increases to 100 USD/stock. Which is true to Mr X 's case?

• Mr X effects the call-option and gets profit of 10.000 USD

• Mr X effects the call-option and gets profit of 3.000 USD

• Mr X does not effect the call-option and pay option money 10 USD/stock

• Mr X does not effect the call-option and pay 60.000 USD

Are self-employed intermediaries who have authority to negotiate the sale and purchase of goods on behalf of the principals

• Brokerage

• Agents

• Brokerage and Agents

• None of above

means the process of selecting a party that satisfy the requirements of buyer, with participation of both foreign and domestic contractors.

• Auction

• Processing

• Bidding

• Direct transaction

in which transaction, tax and customs preferences are applied?

• COUNTERTRADE AND PROCESSING

• Re-exportation

• Processing

• Counter-trade