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4636

One of the functions of a trade association is to

  • A. provide infrastructure for members
  • B. pay member's salaries
  • C. promote members' welfare
  • D. provide employment for members
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4637

The practice of selling goods to a foreign country at lower prices than obtainable in the exporting country is

  • A. dumping
  • B. hedging
  • C. speculattion
  • D. skimming
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4638

A foreign order which instructs an agent to buy certain goods from a particular supplier is

  • A. open indent
  • B. letter of credit
  • C. letter of enquiry
  • D. closed indent
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4639

Which of the following is not a condition for dissolution of a partnership?

  • A. Termination of the venture
  • B. Mutual consent of the partners
  • C. Continuous disagreement among partners
  • D. Expiration of a business year
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4640

A country's balance of trade of-$20 million shows that its

  • A. import volume is greater than export
  • B. import and export volumes are equal
  • C. export volume is greater than imports
  • D. exports are mainly primary products
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