Export drafts must be paid before the buyer receives shipping documents.

Answer the following statement true (T) or false (F)


True

An export draft is an unconditional order drawn by the seller that instructs the buyer to pay the draft on presentation (sight draft) or at an agreed future date (time draft) and that must be paid before the buyer receives shipping documents.

Business

You might also like to view...

Wizard Toy Company's marketing researcher conducted a survey to find out the percentage of customers who, after receiving a promotional mailing about a new toy, actually went out and purchased the product. This is an example of

A. personal interviews. B. quantitative research. C. an experimental method. D. cross-tabulation. E. a response rate.

Business

The Wright Bros. Collection is a catalog retailer that sells clothing and collectibles to aviation enthusiasts. Its ________ might be men and women between the ages of 25 and 55 who are risk takers

They belong to organizations such as the American Legion, the VFW, and the National Rifle Association of America. They are either pilots themselves or have close ties to a pilot. They prefer camping to taking a luxury cruise. Annually, they spend $900 on items purchased from nonstore retailers. A) value analysis B) customer potential assessment C) segment profile D) internal market audit E) brand personality

Business

Based on the information above, determine the proportion of time that Company A should employ each strategy

A) A1: 12.5%, A2: 87.5% B) A1: 25%, A2: 75% C) A1: 37.5%, A2: 62.5% D) A1: 50%, A2: 50% E) A1: 62.5%, A2: 37.5%

Business

Maroon Company sold supplies in the amount of € 15,000 (euros) to a French company when the exchange rate was $1.15 per euro. At the time of payment, the exchange rate decreased to $1.12. Maroon must record a loss of $450. 

Answer the following statement true (T) or false (F)

Business