Almost all countries in the world use which of the following definitions to assess the value of an import?
A) TTK
B) JIT
C) CIF
D) JMK
E) FOB

Name: Almost all countries in the world use which of the following definitions to assess the value of an import? A) TTK B) JIT C) CIF D) JMK E) FOB
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Question

Quizplus · Accepted Answer

CIF (Cost, Insurance, and Freight) is a common international shipping agreement used to assess the value of an import, as it includes the cost of goods, insurance, and freight to the destination port.

Almost All Countries in the World Use Which of the Following