Module 13

Trade and investment in specific areas help to build competitive advantage in the ASEAN community. Which one the following is NOT correct?
1. Indonesia: wood-based products and automotives
2. Philippines: agro-based products and fisheries informing
3. Singapore: e-ASEAN and health care
4. Thailand: air and travel tourism
A/An ____________ is a common export document prepared by an exporter before shipping the goods. It is used to inform the buyer of the goods being sent, their value and other specifications. Sometimes, it can be a substitution of an offer of sale or price quotation.
1. dock receipt and warehouse receipt
2. bill of lading
3. pro forma invoice
4. export licence
Which of the following methods of payment is NOT correctly described?
1. A letter of credit is a document issued by a bank guaranteeing the payment of customer’s drafts up to a stated amount for a specific period.
2. Draft collection procedure: the buyer’s bank will release possession of the documents when the buyer makes payment or signs to pay at a later date.
3. For the open account method the buyer will receive delivery of the goods and services after making a payment.
4. With the cash in advance payment method the exporter can avoid non-payment since the payment is received in advance.
Despite the fact that global business optimism has declined, optimism in Southeast Asia ticked up for ______________ quarter, according to the International Business Report.

(Adapted from: http://thanhniennews.com/business/asean-businesses-optimistic-about-whats-next-67.html retrieved 13/6/2014)
1. brighter, straight the third
2. the brighter, third straight
3. third, the brighter straight
4. the third, brighter straight
A: Have you seen the Singapore order?

B: Yes, it’s on my desk.

A: Ah, I see they are not arranging carriage and shipping insurance.

B: Then, we’d better quote _________.
1. CIF
2. C&F
3. FOB
4. FOQ
You will _____________ to attend for cross-examination.
1. being forced
2. being supposed
3. be required
4. be supposed
Which is the part of speech of this word entry?

(Source: http://www.oxforddictionaries.com/definition/english/partnership?q=partnership retrieved 13/5/2014)
1. 1
2. 2
3. 3
4. 4
Which of the underlined sections illustrates an example of American English?
1. A stockholder is an individual or institution that legally owns a share of stock in a public or private corporation.
2. Two days after taking the oath of office, Roosevelt declared a bank holiday.
3. Mr. Mohieldin, the World Bank managing director, is responsible for the bank’s knowledge development as represented through the networks.
4. The German Trade Union Confederation (DGB) has elected a long serving European labour activist.
Agent: Hello, STOU Shipping Co. What can I do for you?

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

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

Customer: What’s holding things up?

Agent: ___________________ (a machine for lifting and lowing materials is broken)
1. It’s because a crane at the dock wasn’t working.
2. It’s because few workers have been employed.
3. It’s because of the storm.
4. It’s because of the storage problem at the wharf.
We are not ______________ staff at the moment.
1. going out
2. setting up
3. putting in
4. taking on

Module 13

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