Module 13

Trade and investment in specific areas help to build the competitive advantage in the ASEAN community. Which one the following is NOT correct?
1. Philippines: air and travel tourism, electronics
2. Thailand: rubber-based products, textiles and apparels
3. Indonesia: wood-based products and auto motives
4. Malaysia: electronics
A/An _____________ shows the shipping of specific goods out of a country in specific quantities to a particular destination.
1. export licence
2. certificate of origin
3. import licence
4. airway bill
Which of the following methods of payment is NOT correctly described?
1. In the event of serious discrepancies, the bank has no obligation to pay when using a commercial letter of credit supplied by the beneficiary.
2. Cash in advance is used on the low value shipments when the buyer has significant interest in obtaining products from the seller.
3. With the documentary collection method, the goods are shipped to the foreign country, but the document will be sent to the seller’s bank.
4. By using a letter of credit, the bank agrees to pay the beneficiary’s bank even if they are unable to collect from the issuing bank.
____________ in the ocean that would push this along, and would be an initiative to allow infrastructure project listing across ASEAN markets based on a common trading platform.

(Source: Adapted from http://www.thestar.com.my/Business/Business-News/2014/02/22/Asean-Focus-on-regional-interest/ retrieved 13/6/2014)
1. Little a fast drop
2. A little fast drop
3. A drop little fast
4. Fast a little drop
A: Have you seen the Malaysia order?

B: Yes, it’s on my desk.

A: Ah, I see they are arranging sea freight, insurance, delivery and import taxes.

B: Then, we’d better quote them _________.
1. C&F
2. FOB
3. CIF
4. FOR
Because of the rail strike I’m now _____________ send the shipment by road.
1. obliged to
2. demanded to
3. compelled
4. required
Where can you find the words that have the same or similar meaning to this word entry?

(Source: http://www.oxforddictionaries.com/definition/english/contribution?q=contribution retrieved 13/5/2014)
1. 1
2. 2
3. 3
4. 4
Which of the underlined sections illustrates an example of British English?
1. The ASEAN Corporate Governance Scorecard is a governance initiative of the ASEAN capital Forum (ACMF).
2. Stockholder’s equity is one of the main components of a company balance sheet.
3. South Africa has 12 public holidays as determined by the Public Holiday Act.
4. Lee Kun-hee, Samsung Electronic chairman, is in stable condition at Seoul hospital after suffering from a heart attack.
Agent: Hello, STOU Shipping Co. What can I do for you?

Customer: Can you tell me why my goods haven’t been arrived yet?

Agent: I’m afraid there’s been a delay.

Customer: What’s holding things up?

Agent: _____________________________. (understaffed)
1. It’s because a crane at the dock wasn’t working.
2. It’s because too few workers have been employed.
3. It’s because of the storm.
4. It’s because of a storage problem at the wharfs.
_____________ your business on the stock market involved selling a percentage of your business in the form of shares, which are subsequently traded.
1. Launching
2. Putting
3. Floating
4. Balancing

Module 13

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