In international trade transactions, a letter of credit is considered a more secure method of ...

In international trade transactions, a letter of credit is considered a more secure method of payment than open account.
 
  Indicate whether the statement is true or false

Question 2

Historically, managers built organizations by focusing on the boxes and lines of a(n) ________ structure.
 
  A) formal
  B) innovative
  C) collaborative
  D) flexible

Question 3

To create a feedback-friendly work environment you should set clear, measurable performance standards.
 
  a. True
  b. False

Question 4

The industry organization (IO) paradigm reports that, on average, the best predictor of firm strategy is the ________.
 
  A) company's stockpile of assets, skills, and capabilities
  B) aggressiveness of a company's marketing objectives
  C) link between a company's products and processes
  D) structure of the industry in which it competes

Question 5

Disputes often arise between exporters and intermediaries regarding pricing, policies, and inventory levels.
 
  Indicate whether the statement is true or false

Question 6

Firms that internationalize their operations in order to reap the profits of a high-growth market are exhibiting a proactive business strategy.
 
  Indicate whether the statement is true or false

Question 7

To ensure creditworthiness, exporters can purchase insurance to cover their inability to pay buyers.
 
  Indicate whether the statement is true or false