Question

EXW Pricing or Export pricing is a common cost approach for international trade where the seller has to pay for the transport cost. *

True

False

The Parameterised schedule defines the frequency of payment along with the payment date, date of first and last payment. *

True

False

A verbal/ oral contract is a contract, the terms of which have been agreed upon by spoken communication. *

True

False

Country risk is the risk of loss from political or economic actions that affect export receivables or import payables, or other disrupt of a transaction. *

True

False

Technology and Information risks are the greatest financial risks facing exporters and importers alike. *

True

False

The contract should always specify the governing law. To reduce the likelihood of a dispute, the contract should specify which country’s laws will govern the agreement. *

True

False

The Customized Schedule consists of a series of dates that define exactly when payments will be made based on the milestones completed *

True

False

A sudden increase in the property tax and vehicle insurance premium is considered as the main risk of doing business globally. *

True

False

A transaction may prove unrealistic if the cost of entering a market is too high, the competition is too challenging or the price in the new market is not competitive. *

True

False

Doing business in international markets is different from handling domestic business transactions. *

True

False

Answer 1

False: the given statement is incorrect because eex pricing is the common cost approach for international traders where buyers has to pay the transportation costs and not seller.

True:yes we can parameterised schedule for to define the frequency of payments along with dates.

True:yes verbal and oral contracts are the ones on which terms are agreed over spoken communication.

True:country risk is the risk is the risk in polictical or economic actions that can also arise from investing in foreign countries such is export receivables import payables.

False: as commercial risk is the greatest risk that is faced by importers and exporters alike

False:as if the contract does not defines the specific governing law then the contract will be governed by the jurisdiction of contractor.

True:as customized schdule is prepared as per the specific needs or preference of individual

True:these are among the main risks of doing businesz globally as they relates to insurance in case of shipping risk and intellectual property risk.

True:it can lead to losses so this type of situation may prove to be unrealistic sometimes.

True:as different rules and regulations are required to be followed