Match the term with its definition.
-A document indicating that a product has been shipped and the title to that product has been transferred

Question

Quizplus · Accepted Answer

A bill of lading is a document that serves as proof of ownership and transfer of title for goods that are being transported by cargo ship or other means of transportation.

Answer: B
 Born-global firms refer to companies that operate internationally from their inception, rather than expanding into foreign markets after first establishing themselves domestically.

Answer: C
 Counterfeit activity involves the creation and distribution of fraudulent goods that imitate the appearance and packaging of legitimate products.

Answer: D
 Economies of scale refer to the cost advantages that a business can achieve as a result of increasing its production output and spreading fixed costs over a larger volume of goods.

Answer: E
 Exchange rate refers to the value of one country's currency relative to another country's currency, which can fluctuate based on economic and political factors.

Answer: F
 A letter of credit is a financial instrument that ensures payment for goods or services between two parties, with a bank serving as an intermediary for the transaction.

Answer: G
 Political risk refers to the potential for negative impacts on a business or investment as a result of political instability or changes in government policies.

Answer: H
 Royalties are payments made to authors, inventors, or creators for the use of their intellectual property, such as patents or copyrights, in commercial products or services.

Match the Term with Its Definition