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WorksheetsChapter 1: Intermediary
Total questions: 35
Worksheet time: 18mins
Import/export through intermediary involves a third party called the commercial ______.
trader
intermediary
broker
principal
According to Article 3, Commercial Law 2005, commercial intermediary activities are carried out by a ______.
principal
consumer
trader
broker
Commercial intermediaries work under ______ from the trader.
agency
entrustment
brokerage
commission
One advantage of intermediary transactions is reduced investment and ______ cost.
customs
transport
legal
product
A disadvantage of using intermediaries is losing direct ______ with the market.
profit
authority
contact
goods
Intermediaries may have too many ______ that make transactions complex.
advantages
requirements
goods
fields
Commercial intermediaries must be lawful traders operating in registered ______.
countries
zones
fields
costs
Brokerage is defined in Article ______ of Commercial Law 2005.
166
150
3
170
Brokers are intermediaries between parties selling and purchasing ______.
zones
goods
intermediaries
fields
Brokers do not sign contracts unless ______ by principals.
registered
owned
authorized
licensed
Which of the following is the definition of commercial agency under EU law?
Traders who act as brokers in single transactions
Self-employed intermediaries with continuing authority to negotiate on behalf of principals
Traders who perform brokerage without authorization
Traders representing consumers in domestic markets
Which of the following defines “commercial agency” under Vietnamese law?
Agents negotiating under their own name and cost
Agents selling goods of principals to consumers under agreement for remuneration
Intermediaries who are brokers authorized per transaction
Brokers not responsible for legal status
The term “mandatory agent” refers to agents operating under:
their own name and costs
principal’s name and costs
broker’s authority
commission agreements
Which of the following is not a type of agent mentioned in the content?
Commission agent
Merchant agent
Principal agent
Mandatory agent
What is the classification of a transaction where intermediaries negotiate under their name and principal’s cost?
Merchant agent
Commission agent
Broker
Goods purchaser
Which of the following is not a feature of commercial intermediaries?
They connect producers and consumers
They sign contracts independently
They work under entrustment
They share profit with traders
Intermediaries and traders who entrust them are ______.
independent
interdependent
competitive
exclusive
One of the advantages of using intermediaries is:
Losing control of transport
Reduced market presence
Increased sales
Sharing profits
One of the disadvantages of using intermediaries is:
Increased investment
Risk from selecting unreliable intermediaries
Direct market contact
Long-term contract security
Which of the following is true about brokers?
Brokers always sign the contract for the principals
Brokers act as representatives of consumers
Brokers are intermediaries who do not sign unless authorized
Brokers are responsible for the solvency of principals
Operate under principal’s name and costs →
Commission agent
Broker
Mandatory agent
Merchant agent
Self-employed intermediaries with continuing authority →
Broker
Agent under EU law
Merchant trader
Consumer representative
Operate under their own name and costs →
Principal agent
Mandatory agent
Broker
Merchant agent
The one who introduces new products due to political restriction on direct trade →
Commercial intermediary
Principal
Producer
Consumer
Intermediaries often used when establishment of trade relationships is restricted by ______.
economy
politics
profit
transport
Article 3, Commercial Law 2005 refers to:
Definition of agency
Definition of commercial intermediary
Definition of principal
Definition of registration
Goods sale or purchase entrustment is a form of:
Consumer protection
Commercial brokerage
Intermediary transaction
Domestic trade
Which is not a requirement to become a commercial intermediary?
Registered field operation
Legal status as trader
Political affiliation
Field-specific requirements
How many features are listed for commercial intermediaries?
Two
Four
Six
Eight
Which of the following is not a listed usage of intermediaries?
Save investment cost
Penetrate new market
Increase legal control
Required by market practice
Which form of intermediary is most likely used for single transactions?
Broker
Commission agent
Mandatory agent
Merchant agent
Agents under Vietnamese law may sign contracts in their ______ name.
principal’s
own
broker’s
consumer’s
Representation of traders is considered a type of:
Principal transaction
Commercial intermediary activity
Direct sale
Domestic contract
Brokers operate under ______ authorization.
long-term
short-term
unrestricted
no
The principal is the owner of goods delivered to the agent, as stated in Article ______.
150
3
170
166
