GLOBUS SIMULATION QUIZ ONE
ASSESSMENT REVIEW 2026 TEST BANK
CONTENT AND SOLUTIONS GRADED A+
⩥ Export Management Company (EMC).
Answer: Export specialists who act as an export marketing department
for client firms
⩥ letter of credit.
Answer: issued by a bank on request of an importer stating that the bank
will pay an amount of money to a stated beneficiary under specific
circumstances
⩥ bill of exchange.
Answer: the instrument normally used in international commerce to
effect payment
⩥ draft.
Answer: an order written by an exporter telling an importer what and
when to pay
⩥ sight draft.
Answer: a draft payable on presentation to the drawee
, ⩥ time draft.
Answer: A promise to pay by the accepting party at some future date
⩥ bill of lading.
Answer: issued to the exporter by the common carrier transporting the
merchandise
⩥ Export-Import Bank (EXIM Bank).
Answer: a wholly owned US government corporation established in
1934
- designed to supplement, not compete, with capital lending
⩥ Countertrade.
Answer: a form of trade in which all or part of the payment for goods or
services is in the form of other goods or services
⩥ barter.
Answer: Exchange goods without involving money.
⩥ Counterpurchase.
Answer: a reciprocal buying agreement
ASSESSMENT REVIEW 2026 TEST BANK
CONTENT AND SOLUTIONS GRADED A+
⩥ Export Management Company (EMC).
Answer: Export specialists who act as an export marketing department
for client firms
⩥ letter of credit.
Answer: issued by a bank on request of an importer stating that the bank
will pay an amount of money to a stated beneficiary under specific
circumstances
⩥ bill of exchange.
Answer: the instrument normally used in international commerce to
effect payment
⩥ draft.
Answer: an order written by an exporter telling an importer what and
when to pay
⩥ sight draft.
Answer: a draft payable on presentation to the drawee
, ⩥ time draft.
Answer: A promise to pay by the accepting party at some future date
⩥ bill of lading.
Answer: issued to the exporter by the common carrier transporting the
merchandise
⩥ Export-Import Bank (EXIM Bank).
Answer: a wholly owned US government corporation established in
1934
- designed to supplement, not compete, with capital lending
⩥ Countertrade.
Answer: a form of trade in which all or part of the payment for goods or
services is in the form of other goods or services
⩥ barter.
Answer: Exchange goods without involving money.
⩥ Counterpurchase.
Answer: a reciprocal buying agreement
