Argumentative on immigration Essay Example | Topics and Well Written Essays - 250 words

Argumentative on immigration - Essay Example supports multiculturalism, notions of racism are suppressed and culturally diverse consumers use the product, which potentially increases the volume of consumers. Business entrepreneurs are able to maximize their profits by offering work to the immigrants. Immigrants normally accept to work at pays considerably lower than what are offered to the local people. Although the pays are lower than usual, yet they are considerably higher than what the immigrants would get in their homelands. So they happily accept to work, and the owners are able to save the money. Immigration strengthens the economy of poor countries. Immigrants send a major portion of the money earned to their families in their homelands. The remittance is a potential means of strength of a nation’s economy. Many countries have benefited from the income of people who seek work outside their home countries. Immigration offers a lot of advantages both to the immigrants, the country they immigrate from and the country they immigrate to. Some of the obvious advantages of immigration are multicultural marketing of products, increased profitability of business and strengthened economy of poor

Recruitment and selection Essay Example for Free

Recruitment and selection Essay Vacancies for jobs exist in businesses for one of the reasons below: A new job becomes available because of the expansion of the organisation. When the economy is growing and people are becoming better off organisations take advantage of that and expand their operations. To do this they may take on extra employees. This is more likely to create new jobs, preferring instead to use other methods listed below under alternatives to filling a vacancy. Someone in the organisation has retired Someone has been dismissed Internal promotions have occurred- the vacancy arises because the previous holder has been given a better job either in the same business or establishment. This is dealt with below under filling the vacancy- internal candidates. Someone has died- Some employees may die during their working lives. There is a restructuring of the business, which means there are gaps to be filled in the organisation Someone has left because they have found a better one or dont like there job. Alternatives to filling a vacancy Human resources management departments are under constant pressure to justify the filling of a vacancy because it will save the organisation money if they do not. There are several alternatives to filling a vacancy, all with benefits and all with disadvantages too: overtime by the remaining employees restructuring of the work employing part-time staff more use of machinery/technology At this critical stage it is important that the human resources manager looks critically at the job description and person specification for this vacancy. From these documents (examined later in this chapter) it will be possible to assess how far it is practical to rely on these options instead of the filling the vacancy. Read more:Â  Recruitment and Selection Strategies Finding applicants If the human resources manager, after consideration of alternatives examined above, decides that the vacancy will need filling, then the next stage will be where to look for candidates. There are only two sources of candidate- internal and external. Internal candidates Unless a vacancy is for the lowest grade job possible, there will be internal candidates who are interested in the vacancy for promotion. Internal promotion is an important method of motivating employees and is identified by several writers as a feature of a best practise employer (i.e. a good employer who tries to do everything properly). Advantages to the employer of internal appointments An organisation with a reputation for internal advancement will find it easier to motivate staff, whereas in organisations where internal advancement is rare, staff will be less committed to the work and may be preoccupied with external job applications. The organisation will attract better candidates if they see there is a future career in it. Many candidates will be local people who have bought homes there, have children at local schools and husbands/wives in other local jobs. Internal candidates know the business and what will be expected of them, and they can become effective in the new job very quickly. Although there is bound to be bitterness from other internal applications who do not get the job, they will at least feel that there will be another career opportunities in the organisations and that they will get promotion later on. The organisation will not need to rely upon external references when choosing from internal applicants accurate information will be available from departmental heads and other colleague. Disadvantages to the employer of internal appointments The candidates doing well role conflict in that they are now senior to people with who they worked with as equals- there may be a problem for them in asserting their power. A person promoted internally may be expected to pick up the new job in an unreasonably short space of time. Filling a vacancy internally leaves another vacancy to fill note also that where an employer is practising equal opportunity policies they cannot favour internal when filling vacancies. External candidates Job Description A job description lists the main tasks required in a job. More and more organisations have job descriptions for every job they have- from the caretaker to the managing director. In drawing up a job description the personal department has a number of alternatives. These are: The line manager can draw up a description of what the job entails The existing job holder can do it The human resources manager can interview the job holder and the line manager to find out what the job involves. In most cases it is probably best to combine approaches. Clearly the second approach may produce a biased view of what the job involves. After all, most people are likely to exaggerate the importance of what they do and the effort that is required to do it. Moreover, the job holder may emphasise those duties they prefer to do rather that their most important duties. Also, since they are leaving they may not bother to do a very thorough job of it anyway. On the other hand, in approach to my first point- the line manager will probably miss out many little but important tasks which are only obvious to the job holder. The aim of the exercise is to itemise all the tasks involved in a job and try to allocate to proportion of the working week to each task. The list of tasks, and the relative importance of each one, is vitally important for several reasons: In carrying out appraisals of employees- a manager cannot appraise his employees if he/she does not know what the job involves When analysing the job for training needs the manager must be able to see what tasks a job involves so that he/she can determine what training may be required. In planning the size of the workforce for the future, it will be necessary to know exactly what tasks each job involves in case the re-allocation of tasks between jobs is required, e.g. three people may be required to share the work of a forth post which is being made redundant- this cannot be done fairly without a detailed knowledge of the tasks involved in the forth post. For pay determination- analysis of, and comparisons between, job descriptions means that each job can then be allocated a pay rate. This process is known as job evaluation. A simple example is where clerical jobs which include the responsibility for handling money get a higher ranking, and therefore higher pay, than clerical jobs which do not. Clearly, none of this is possible without good quality and detailed job descriptions. Drafting the Job Description From all the information collected, by whichever method is chosen, it will then be necessary to draw up the document itself. People that apply for jobs will be sent a job description along with an application form and a personal specification. Main features of a job description- 1. The job title 2. The location of the job 3. A brief outline of what the employing organisation does 4. The main purpose of the job 5. A detailed list of the main tasks required 6. The standards that the job holder will be required in the job 7. Pay other benefits 8. Promotion prospects 9. The person to whom the job holder reports 10. The person(s) who report(s) to the job holder. This days employees are expected to be more flexible and to be able to do a wider range of work. This shows that point 1 tends to be broader than it used to be. Advertising the Job Before writing the advertisement the employer must determine exactly what is wanted from the job being advertised. To ensure this the employer must look carefully at the person specification, what type of person is required, job description, what the person will be required to do in the job, before writing the advert. Ikea Part-time Human Resources Administrator 26 hours per week To maximise your HR initiatives to strengthen our vision, business idea and HR idea to make IKEA the best retailer to work for in the UK market. You will provide administration support to the small HR team including preparing contracts, logging and following up job applications and taking responsibility for monitoring the sick procedure. You will be able to work on your own initiative with high accuracy and attention to detail. You will be computer literate including using MS Word and Excel plus experience of using databases. You will have the ability to demonstrate a high degree of confidentiality and have excellent interpersonal skills. You will ensure that HR filing systems are maintained and up to date. You will contribute to the development of the HR function in the store. Hours will be 26-30 hours per week, 5/7 days Letter of application, CVs and references Once Ikea has attracted a number of candidates, the next stage will be to reduce all the candidates to a smaller enough group so they can all be individually invited for an interview. For most jobs e.g. cashier there are many applicants and a simple quick process is needed to sort them out. Some jobs are more complicated, these would be jobs like a manager position where there would be few candidates who will be taken seriously which means Ikea can spent more time on investigating them. The three main documents assessed in this sorting process are: Letter of application Curriculum Vitae (CV) Application form All Business require at least on of these documents when recruiting more staff. CV Some people unfortunately to not take time and care on their CV. These people do it in an unprofessional and untidy way which will not impress a possible employer. These CVs are usually badly typed or even hand written. If you arent that confident that you could write and put together your own CV then these days there are plenty specialists agencies that can prepare CVs for people in a professional manner. CVs should always be written in a word processing document and printed neatly. In your CV you put everything that would normally be asked for in an application form this includes- Name and Address Telephone number E-mail address Date of Birth Martial status Education and qualifications Training Employment history Hobbies and interests References When listing employment in chronological order, start with the most recent job, this same rule applies to education and employment. Letter of Application This is just a letter that could be written or word-processed asking for the job and explaining why the writer is suitable for it. The letter will be structured in any way the writer thinks is appropriate to the job, this fact alone makes it a useful selection method. Advantages The personnel staff will have identified specific requirements from the job and person specifications. They can then compare these with information on the forms. The business only needs to interview those people who have met those qualifications the business is asking for. References There are several different types of references. These are: Testimonial a letter, usually from a former employer or teacher which will say very positive and kind things about the applicant. As the applicant has been given this letter it is unlikely that the writer will make anything other than positive helpful statements (clearly, if the writer did say something critical the applicant would tear the testimonial up and look around for someone else to write one) Reference letters requested the prospective employer- this is the most usual type of reference. The letters are confidential so that the referee can be completely honest without embarrassment, but it may not tell the prospective employer all he/she know. Employers can learn to read between the lines, and often omission of information can be a telling factor. Reference forms some organisation, the civil service for example, use a structured form with specific questions about the applicant. These include assessments on effort, ability, and about their honesty and health Telephone references some organisations telephone the people given as references. The main benefit is that the recruiter can asses the tone of the voice of the referee, and this can often say far more about an applicant than a letter can. Medical reference most employers will carry out some kind of medical check up even if it is just a completion of a medical form asking a few simple questions. These checks are necessary because- * The employer needs to safeguard the health of other employers * The job itself may require specific health standards * If an employer is to join a company pension scheme a medical check- up will be needed * Medical matters of growing importance- notably the problem of AIDS- may mean that in the future medical checks will have to be tougher, this includes blood tests. Interview Interviewer- The interview is one of the last stages within the recruitment process and one of the most important, often these days the applicant will also get a small test of some kind to go along with the interview. Interviews are arranged for nearly all kinds of jobs. Only a few of the people who applied for the job will get interviewed this is because after the human resources department have sifted through all the CVs, application forms, and references they should have narrowed the list down to a few applicants. The list is narrowed down to save time and money this is because usually the senior manager must be present at an interview, this means if he has less interviews to do he has more time for other things. Interviewing- interviewing has to be conducted in an appropriate manner for the business if it is not the business may get a bad name from it. To prevent this most businesses follow these simple rules- The interviewer must ask what are my objectives? What im a looking for? How will I phrase the question I am going to ask? The interviewer must be able to fill in the gaps that the CV and application form didnt answer. Decide if the vacancy requires just one interviewer or two. It could even have a panel of up to 4-5 interviewers. There are advantages and disadvantages to each approach. 1. One on one interviews put applicants at ease so that they will talk more naturally the problems are that A single interviewer lacks range A single interviewer is more likely to suffer from bias and can be highly prejudiced. Mirror imaging favouring candidates who are like them. Halo effects favouring candidates who have particular attractive characteristics even if those characteristics have little bearing on the job applied for. Horns effect opposite to above. Tests Nowadays it is increasingly common for employers to expect job applicants to carry out tests this is to give a fuller picture of their ability for the job applied for. These are usually referred to as aptitude tests. They are appropriate for manual work where there is some skill involved and also in office work where applicants might be required to take short typing or word processing test. For professional posts such as tests are less usual because it is felt that the candidates qualifications, references and experience are sufficient evidence. In more recent years new developments in testing have included. Psychometric Testing Psychometric tests assess the intelligence and personality of applicants. They are much more sophisticated than aptitude tests and the employer must have properly trained staff to analyse the test results properly. Such tests are particular valuable when assessing intelligence, interest in the job applied for, motivation and personality. The producers of such tests (there are dozens available) Verbal reasoning This test is to see how you reason with words. Contact The contact side of the recruitment process is the simplest of all the areas of function. The business uses methods such as telephone, e-mail, and letters to contact any applicants who may have applied for the job. The human resources department maintains this to make sure the business ensures these methods are kept in place.

Disscussing The Advantages Of Effective Communication Information Technology Essay

Disscussing The Advantages Of Effective Communication Information Technology Essay The communication plays a vital role in the business. The effective communication brings the effective advantage and benefit to the company. Normally in business, the communication is very much essential for getting in touch with the other company. In a business, there are many communication channels are available to communicate with other companies. The traditional communication channel, such as letters can also be used for the business communication. But the tradition communication channel is very slow. But nowadays the modern communication channels makes the business communication very attractive and very quick. This assignment tries to show the importance of the communication channels in the context of change in the business. The research is carried forward to show the best communication media for the business. Many authors have viewed that direct communication is best for the business. In Direct communication, there will no loss of information or message. Many authors suggest that direct communication is best and the suitable method for business in the context of change. But with the growth of Information technology, the modern communication media is widely used in all the companies. The modern communication channels are very fast. So many people are preferring the modern communication channels. The traditional communication channels such as Letters becomes very less effective comparing to the modern communication channels. DEFINITION OF EFFECTIVE COMMUNICATION The Business Communication is also simply called as Communication. The communication is the process that performs the following: Sending and Receiving Official messages. Exchanging the information, thoughts, ideas and emotions of the people. The communication is mainly used for the purpose of marketing the product. It uses the communication channel for transfer the information. Advantages of Effective Communication: It is mainly used for accomplishing shared understanding. It stimulates others peoples to take necessary actions to accomplish the goals and objective. It directs the flow of information from one people to another in a business. This helps the people to overcome the barriers in the business. The channels information helps to encourage people to think about the creativity and innovative techniques. General Forms of Communication Conversation communication Small group communication Large group communication TYPES OF COMMUNICATION Communication on the basis of Communication Channels. Communication on the basis of Styles and Purpose. TYPES OF COMMUNICATION ON THE BASIS OF THE COMMUNICATION CHANNEL The Communication are of two types. They are as follows. The Verbal Communication The Non-Verbal Communication The Verbal Communication The Verbal Communication is related to the written and the oral communication. The oral communication means, it is the spoken words in the communication process. The oral communication are of two types. They are face-to-face or direct communication and the communication over the telephone or voice chatting(indirect communication). The written communication is of through writing the letter through email or traditional letter writing way. Success of the written communication is depends upon the style and attractive presentation of the letter. Normally in business, email is mainly used for the communication purpose. The Non-Verbal Communication The Non-Verbal communication means the body language of a person. It includes posture, gesture, and body movements of a person. The non-verbal communication an also be presented in the form of graphical presentations, signboards etc. While communicating, face expressions, hand gesture, body posture can convey the emotions of a person. TYPES OF COMMUNICATION ON THE BASIS OF STYLE AND PURPOSE The Communication are of two types. They are as follows. The Formal Communication The InFormal Communication The Formal Communication The formal communication means, the communication carried down in a structured format. The formal communication can be used mainly for conducting official meeting, conferences, writing memos and letters etc. The formal communication is follwed by each and every company. In communication in company belongs to formal communication. The InFormal Communication The Informal communication means, the communication carried down between the friends and the family members in an unstructured way. This type of communication does not follow the rules and guidelines. It does not have any time limitation COMMUNICATION CHANNELS In the company, people are using the following type of communication channels for exchanging the confidential and official informations. They are as follows: E-mail Communication Letters Communication Voice chat or telephone Communication Face-to-Face Communication E-mail : This is the fastest means of communication. Nowaday people using email for their business. Letters : This includes memos, letters etc. This is the traditional communication methods. Voice chat or telephone: This is the voice converstaion over the phone or voice chat over the internet to communicate with the other company. Face-to-Face : This type of communication takes place in general meetings, interview. This is a type of direct communication. In the companies, these communication channels are mainly used for the business. REPORT REGARDING THE SCENARIO In this scenario, the company is decided to dismiss the employees for the purpose of reducing the operatinal cost. The best communication strategy to convey this bad news to the employees is through the email or through direct communication. The company people can also arrange for a meeting, in that meeting they can say obout the dismissal of the employees by communicating with them calmy and the reasons for dismissal. The persons who conveys the message should have good interpersonal communication skill. So that the person can convey the bad news to the employee without hurting them. MANAGERIAL COMMUNICATION IN THE CONTEXT OF CHANGE The mangement can follow the above said communication channels in their business. Mostly the best strategy for the business communication is through email, phone, voice chat and the direct communication. With the growing technology, many company are using video conferencing in their business. But it is not followed by all the companies. FINDINGS The modern communication system becoming very eminent and attractive. This modern communication system will flourish rapidly in the business. The developing companies can use this above said communication channels in their business. Using this communication channels, the management can handle the situation effectively and efficiently in the above said scenario. RESEARCH METHODOLOGY The secondary research is used in this study. The literature was viewed to analyse how Business Communication plays a vital role in the companies. The important executives in the organization should know about all of these communication channels. Then only the company can run the business smoothly. The Email communication channel is very useful in the companies. Many authors viewed that while writing business email, the executives should follow standard business email writnig styles. The business communication is very essential for the maangement in the context of change. CONCLUSION Thus the Communication occupies an important position in the company. With out communication channels, the company can not the run business smoothly. The communication channels are developing, dynamic and multi-disciplinary activity. The traditional communication channels are also used by many companies. With the growth of Information technology, nowadys the companies are using video conferencing for their business. Therefore, the excellence in business communication brings ultimate and attractive benefits to the company.

Football Referees: Friends or Foes Essay example -- essays research pa

Football Referees: Friends or Foes? In football referees can be categorized into three types –Blind, Deaf, and Dumb. Being a football player myself, I have experienced all of these different types and I am still trying to discover which one I like best. The referees categorized as blind were cursed with the inability to see more than two feet in front of their faces. No matter how blatantly obvious a penalty appears to be, this type of referee will flabbergast the stadium by making no call. In fact, the absence of penalties has led fans of the game to speculate as to the real cause of these referees’ optical challenges. Some suggest that perhaps their eyes have nothing wrong with them at all. Just maybe, the bright stadium lights draw in all of their attention. While they focus on the lights, watching the game becomes nearly impossible. Another suggestion is that they left their glasses in their other striped shirt and the whole game is nothing but a blur. Regardless of the cause of their visual disturbance, blind refs continue to shock the crowd with their inability to see the game as well as any fan seated in the cheap seats of the stadium. The referees labeled as deaf I like to consider as the aristocrats of all the referees. These refs believe that they were born with a superior ability to see the game. They believe that wherever they position themselves on the field, they have the capability to see the game better than any other individual. This â€Å"ability† of thei...

Proposal for Pine Valley Furniture Ecommerce Webstore Essay -- Busines

Proposal for Pine Valley Furniture Ecommerce Webstore Now is the time to implement an Ecommerce webstore, and Eysie and Sehr Management Information System Consultants are the people who can make it happen. In an effort to maintain a competitive advantage Pine Valley Furniture needs to implement an ecommerce webstore. Making this transition and developing a webstore illustrates Pine Valley Furniture's commitment to change with the times and will prevent the loss of market share by competition. Trying to justify why Pine Valley Furniture needs to develop a webstore is futile, the reality is that developing a web-store for Pine Valley Furniture is a matter of survival. This proposal is a guideline and a road map in making Pine Valley Furniture a competitive webstore. First off, we need to focus on what our business objectives are and who our target audience is. As a corporation, our business objectives are to increase revenues for the shareholders while expanding our growth and lowering our costs. Market research has indicated that the areas of Corporate Furniture, Home Office Furniture, and Student Furniture have vast growth potential if properly managed on a webstore. If we are to create a webstore based fundamentally on pushing these three lines, we need to characterize what type of people will be buying these items. Corporate Furniture has a broader potentiality of selling in larger bulk quantities, while Student and Corporate Furniture will focus more on customization and personalization. Now that we had identified what it is that we want to sell on our webstore and who it is that we want to sell it to, we can now choose what type of hardware and software we will need. In order for our system to be operating at maximum efficiency, Eysie and Sehr Management Information System Consultants recommend a three tiered system because of existing system compatibilities. Tier one will consist of a web server layer, this layer will handle incoming internet requests, load balance requests, display html pages, route web requests to application server, and assemble data from an application server into web pages for clients. (George, 259) The second tier is the application server layer, this layer will authenticate users, process transactions, retrieve and send data to web server, and retrieve and send data to existing appli... ...dware is located off site, application is developed professionally and managed off site, and thus provides excellent emergency response. Some disadvantages of this option would be that it is inflexible, difficult to integrate with existing systems, and the resources are shared with other clients. (George, 258) The second option is to enterprise a resource planning system. The advantages of this would be stability and available documentation. Disadvantages of this option would be that it requires internal development, and would render documentation crucial during planning and development. (George, 258) The last thing that we need to address is how essential the commitment to this transition is. If this is going to be a successful transformation, the entire organization must exhibit unilateral support from the CEO throughout the entire organization. In conclusion, Eysie and Sehr Management Information System Consultants are willing to implement this ecommerce system for Pine Valley Furniture and are eager to do so as soon as possible. Works Cited: George, Hoffer, Valacich. Essentials of Systems Analysis and Design. 2nd edition, India. 2002 p. 149-258.

digital photography artists :: essays research papers

Famous Digital Artists   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Jody Dole is one of the featured artists in the book â€Å"Digital Image Creation†. He is a fine-art and advertising photographer. His first successful piece was an ad campaign for Smirnoff Vodka. In five years he was able to become a successful, well=known artist, gaining international recognition for his still-life photography.   Ã‚  Ã‚  Ã‚  Ã‚  Nash Editions is a company built up of artists. Its founders are Graham Nash and Mac Holbert. The company has the best reputation within the fine-art digital printmaking world. The reason for this is because they use their own custom built scanner along with Macintosh computer systems and iris printers. Some of Nash Editions featured artists are David Byrne, Eileen Cowin, Carol Flax and Olivia Parker. Nash Editions is constantly staying up to date with their state-of-the-art technology and with the creativity of their staff.   Ã‚  Ã‚  Ã‚  Ã‚  Another famous digital photographer is Charly Franklin. He specializes in a surreal style. Most of his images are of landscapes, and a lot take place on the beach. At first, Frankin had to set up elaborate sets to get the desired image, but with the technological advances with computer programs, he is now able to do most of his work on the computer. Every image he has produced since 1991 has been digitally manipulated. His work is in high demand, by corporate companies, and some of it has been published in Communications Arts, Print, Photo Metro and even on the cover of Graphics Design Annual.   Ã‚  Ã‚  Ã‚  Ã‚  The last artist we researched is Joyce Neimanas. Joyce is a member of the faculty at the School of the Art Institute of Chicago since 1973. Her work has been in the Museum of Contemporary Art, Chicago, the San Francisco Museum of Modern Art, the California Museum of Photography and many others.

Mcq International Payments

1. In the case of a â€Å"sight draft† A. the draft acceptance is after the shipment of goods B. the draft is presented to the buyer for acceptance when the shipment has been made C. the risk for the importer consists in the disposal of the unpaid goods D. the goods are available to the buyer before payment 2. It is not a bank draft A. promissory note B. checks C. money orders D. bill of exchange E. documentary collections 3. B/E represents: A. unconditional order in writing to pay a specified amount of money to a specified person or to the bearer, upon presentation of the bill at a specified future date B. n order given to the bank in order to pay a specific amount to a person from the company current account against the presented bill C. an order given by a person to its bank in order to pay a specific amount directly in the beneficiary’s account D. a written promise to pay a determinate sum of money made between two parties 4. This is not a benefit for the importer w hen he use a payment based on the letter of credit: A. reliance on issuing bank’s credit rather than buyer’s B. documentary evidence that the ordered goods have been shipped on time C. payment deferred until goods are shipped and documents presented D. ssurance that necessary clearance documents will be provided 5. A clean L/C means that: A. the L/C can not be revoked without the specific permission of all parties involved, including the exporter B. the L/C is issued by a bank and confirmed by another, obligating both banks to honor drafts drawn in compliance C. the place where the payment is realized by the exporter bank D. the documents are presented without other additional documents or notifications 6. In the case of open account payment A. the goods available to buyers before payment B. the risk belongs to the importerC. the goods are shipped to a buyer with a strong guarantee of payment D. the goods are available to buyers after payment 7. â€Å"Consignment† means that: A. the exporter retains actual title to the goods that are shipped to the importer B. an order given to a bank in order to pay a specific amount to a person from the company current account C. the goods will not be shipped until the buyer has paid the seller D. the goods are shipped to a buyer without guarantee of payment 8. The chief advantage in case of advance payment is: A. no credit extension required B. apital tied up until sales; must establish distributor’s creditworthiness need political risk insurance in some countries; increased risk from currency controls C. if customer does not or cannot accept goods, goods remain at port of entry and no payment is due D. lowers customer resistance by allowing extended payment after receipt of goods 9. The difference between a P-note and B/E consists on: A. the amount of money is well determined B. the maker of a P-note to personally pay the payee rather than ordering a third party to do so C. the P-note is more se cure than a B/E D. he issuer of a P-note is the exporter 10. The highest risk is in case of: A. sight draft B. time draft C. cash in advance D. revocable L/C E. open account 11. International payments A. require common payment procedures B. are always guaranteed by a different bank C. are less risky D. are more complex than local payments 12. Open account payments mean that: A. the exporter retains actual title to the goods that are shipped to the importer B. the goods will not be shipped until the buyer has paid the seller C. the goods are shipped to a buyer without guarantee of payment D. n order given to a bank in order to pay a specific amount to a person from the company current account 13. In the case of a letter of credit this is not an advantage for the exporter A. Reliance on issuing bank’s credit rather than buyer’s B. Payment protection C. Rapid, local source of repayment, if payable at a local bank D. Payment deferred until goods are shipped and documents p resented (use of funds) 14. â€Å"Check† means that A. the exporter retains actual title to the goods that are shipped to the importer B. the goods are shipped to a buyer without guarantee of payment C. n order given to a bank in order to pay a specific amount to a person from the company current account D. the goods will not be shipped until the buyer has paid the seller 15. This is not a problem when we pay using a letter of credit A. Stipulations concerning freight cost are unacceptable B. Price is insufficient due to Interest Rate C. Unexpected quantity of product D. Description of product insufficient or too detailed E. Shipping schedule is not met 16. The Red-Clause Letter of Credit it is used when A. the exporter, as beneficiary, offers its credit as security in order to finance the opening of a second credit B. beneficiary has the right to instruct the paying bank to make credit available to one or more secondary beneficiaries C. the bank on whom the draft is drawn co mmits to pay the face amount at maturity by stamping â€Å"Accepted† across the draft D. in case of an advance payment in favor of an exporter 17. The lowest risk is in case of A. cash in advance B. open account C. sight draft D. revocable letter of credit E. time draft 18. In the case of Documents against Acceptance A. the bank issues a commitment for a stated time period to pay a beneficiary a stated amount of money B. he buyer may only receives the title and other documents after paying for the goods C. the buyer signs a time draft for payment at a later date D. the buyer may receive the title and other documents after signing a time draft promising to pay at a later date 19. In international payments are not used A. payment instruments B. non – cash payments C. cash payments D. balanced payments E. payment techniques 20. Stand-by Letter of Credit is used A. shipping schedule is not met B. stipulations concerning freight cost are unacceptable C. when the export pric e is insufficient due to FX rate changes D. nly if the importer didn’t fulfill it’s obligations E. only if the exporter didn’t fulfill it’s obligations 21. â€Å"Cash in advance† means that A. the goods will not be shipped until the buyer has paid the seller B. the exporter retains actual title to the goods that are shipped to the importer C. an order given to a bank in order to pay a specific amount to a person from the company current account D. the goods are shipped to a buyer without guarantee of payment 22. In the case of Documents against Payment A. the bank issues a commitment for a stated time period to pay a beneficiary a stated amount of money B. he buyer may receive the title and other documents after signing a time draft promising to pay at a later date C. the buyer may only receives the title and other documents after paying for the goods D. the buyer signs a time draft for payment at a later date 23. â€Å"Money order† represen ts A. is a written promise to pay a determinate sum of money made between two parties B. an order given to a bank in order to pay a specific amount to a person from the company current account C. an order given by a person to its bank in order to pay a specific amount directly in the beneficiary’s account D. nconditional order in writing to pay a specified amount of money to a specified person or to the bearer, upon presentation of the bill or at a specified future date 24. It is not a document required in case of a letter of credit A. Bills of Lading B. Income statement C. Commercial Invoice D. Packing List E. Certificate of Origin 25. In the case of a â€Å"time draft† A. the goods are available to the buyer after payment B. the draft is accepted by buyer in the delivery moment of goods C. the time of payment is after the maturity of draft D. the draft acceptance is after the shipment of goods