When is cash in advance not appropriate method of payment

Assignment Help Operation Management

Reference no: EM132252506

1. When is cash in advance not an appropriate method of payment?

A. Small Orders

B. Reoccurring Orders

C. Orders for used equipment

D. Orders involving unique or high demand items

2. Reliable credit and country risk information makes open account export sales as a viable option.

A. True

B. False

3. Which of the following is a downside of Open Accounts?

A. It is the least flexible payment term

B. It is the most costly payment term

C. It may lead to increased market share for your competitors

D. There is an ultimate risk of default

4. Which of the following is false about documentary collection?

A. In general, it offers better terms than open account

B. It requires minimal due diligence while open account requires heavy

C. It offers more security for marine shipments

D. It requires insurance measures to guarantee buyer compliance

5. Letters of credit are typically guaranteed only by the customer's bank overseas.

A. True

B. False

Reference no: EM132252506

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