Answer:BQUESTION:199Which of the following would be used to resolve buyer/seller disputes related toglobal shipping and packaging?A. World Trade Organization (WTO)B. General Agreement on Tariffs and Trade (GATT)C. North American Free Trade Agreement (NAFTA)D. Convention on Contracts for the Sale of Goods (CISG)Answer:DQUESTION:200Which of the following is likely to obligate to a fiduciary responsibility?A. Power.B. Negotiation.C. Commitment.D. Functional authority.Answer:DQUESTION:201For which of the following is credit card purchases the MOST appropriate?A. Periodic services.B. Commodity items.C. Low-dollar purchases.D. Low-volume purchases.Answer:CQUESTION:202Which of the following would generally NOT be accepted methods of payment forgoods acquired through international procurement?A. C.O.D.61
B. Letters of credit.C. Payment after receipt and inspection.D. Payment upon receipt of documented evidence of shipment.
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World Trade Organization,General Agreement on Tariffs and Trade,purchasing manager,plant manager