Author Question: What is a countertrade transaction?[br][br][b][color=gray]Question 2[/color][/b][br][br]Executive ... (Read 49 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
What is a countertrade transaction?

Question 2

Executive management sets the ethical code of behavior within a firm.
 a. True
  b. False
 Indicate whether the statement is true or false



Pamela.irrgang@yahoo.com

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

Countertrade is a sale that encompasses more than an exchange of goods, services, or ideas for money. In the international market, countertrade transactions are those transactions which have as a basic characteristic a linkage, legal or otherwise, between exports and imports of goods or services in addition to, or in place of, financial settlements. Historically, countertrade was mainly conducted in the form of barter, which is the direct exchange of goods of approximately equal value, with no money involved. These transactions were the very essence of business at times when no money existed or was available. Over time, money emerged to unlink transaction from individual parties and permit greater flexibility in trading activities.

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

For a complete list of videos, visit our video library