Payment Documentation Requirements/Assessment

Assessment
1. The bill of lading's general purpose is to
 * a. prove the goods were received in good condition.
 * b. prove ownership of the goods & facilitate transportation.
 * c. prove the shipper is paying for the freight.
 * d. prove the buyer is paying for the freight.

2. The documents required for every US import and export are
 * a. commercial invoice, certificate of origin, import license.
 * b. commercial invoice, certificate of origin, packing list.
 * c. commercial invoice, packing list, bill of lading.
 * d. commercial invoice, packing list, import license.

3. The commercial invoice
 * a. is the bill of sale and required for all shipments.
 * b. specifies title to the product/service.
 * c. is a negotiable instrument.
 * d. is not as important in international transactions as it is domestically.

4. It is important for the international manager to know who _______________________ international documents.
 * a. issues
 * b. issues and uses
 * c. uses
 * d. uses and requests

(Correct answers:1=b, 2=c, 3=a, 4=b)