Which international convention is known as the Vienna Convention and covers the contract of sale between an exporter and an importer?
Answer(s): C
The Vienna Convention refers to the United Nations Convention on Contracts for the International Sale of Goods (CISG), which governs international sales contracts. [P-118]
What strategic questions must global firms consider when managing virtually centralized teams?
Answer(s): D
When managing virtually centralized teams, firms must determine which tasks are best suited for virtual collaboration to optimize efficiency. [P-102]
What is the key enabler for global sourcing, global production, global distribution, transportation, and delivery in logistics and supply chain management?
ICT (Information and Communications Technology) is essential for enabling seamless global logistics and supply chain operations. [P-105]
What is one approach Sarah, an experienced exporter, can take to minimize the risk of disputes over the interpretation of an international sales contract?
Answer(s): B
To minimize disputes, Sarah should explicitly specify variations or additions to Incoterms® in her contract to ensure clarity. [P-123]
What should John, an international trade lawyer, consider when deciding whether to rely on precedent in an international trade dispute?
John should consider whether the case presents entirely new circumstances, as international precedent is not always binding. [P-120]
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