Which of the following statement is INCORRECT about risk and consequence in international trade A large firm has more exposure in a $10,000 transaction than a small firm. The risk of non-payment is the probability of not getting paid or of being paid late There are commercial and country risks.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Which of the following statement is INCORRECT about risk and consequence in
international trade
A large firm has more exposure in a $10,000 transaction than a small firm.
The risk of non-payment is the probability of not getting paid or of being paid
late
There are commercial and country risks.
is a proprietary electronic system that facilitates international
payments by combining
payment and document handling.
trade card
purchasing trade system
electronic draft system
purchasing trade system
is the chance (or probability) of a loss or gain and is not insurable.
O Speculative risk
Objective risk
O Pure risk
O Subjective risk
With a purchasing card, the exporter is paid .
after the importer signs a draft d. in advance
when the importer's bank receives the shipment documents
) after 30 days
Transcribed Image Text:Which of the following statement is INCORRECT about risk and consequence in international trade A large firm has more exposure in a $10,000 transaction than a small firm. The risk of non-payment is the probability of not getting paid or of being paid late There are commercial and country risks. is a proprietary electronic system that facilitates international payments by combining payment and document handling. trade card purchasing trade system electronic draft system purchasing trade system is the chance (or probability) of a loss or gain and is not insurable. O Speculative risk Objective risk O Pure risk O Subjective risk With a purchasing card, the exporter is paid . after the importer signs a draft d. in advance when the importer's bank receives the shipment documents ) after 30 days
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