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第1題Advantageoustradecanoccurbetweencountriesifthecountriesdifferintheir________,includingtheskillsandabilitiesofacountry'sworkforce,thenaturalresourcesavailablewithinitsborders,andthesophisticationofitscapitalstock.AtechnologicalabilitiesBresourceendowmentsCdemandsorpreferencesDgovernmentpolicies第2題Economiesofscalerefertoaproductionprocessinwhichproductioncosts________asthescaleofproduction________.Thisfeatureofproductionisalsoknownas"increasingreturnstoscale".Afall;risesBfall;fallsCremainconstant;risesDremainconstant;falls第3題Amongthesixdevelopmentcorridors,________isaflagshipprojectunderB&R.AChina-CentralAsia-WestAsiaEconomicCorridorBChina-Mongolia-RussiaEconomicCorridorCChina-PakistanEconomicCorridorDNewEurasiaLandBridgeEconomicCorridor第4題AsofficiallymentionedinChina’sArcticPolicyinearly2018,accordingtowhichthecountrywouldliketointegratetheNorthPoleintotheNewSilkRoadProject,whichiscalled________.AtheSurround-ArcticEconomicBeltBtheNorthandSouthPoleEconomicBeltCtheNorthPoleEconomicBeltD

thePolarSilkRoad第5題TheBeltandRoadInitiative,proposedbyChinain2013,comprises________and________,aimingtobuildatrade,investment,andinfrastructurenetworkconnectingAsiawithotherpartsoftheworldalongtheancientSilkRoadtraderoutesandbeyond.AtheSilkRoadEconomicBeltBtheSilkRailwayEconomicBeltCtheSilkAviationEconomicBeltDthe21st?CenturyMaritimeSilkRoad正確答案:AD第6題Internationalbusinessenhancesconsumers’standardoflivingandincreasestheirexposuretonewideas,devices,products,services,andtechnologies.第7題Internationalbusinessoccursinmanydifferentformssuchasimporting,exporting,licensing,franchising,foreigndirectinvestment,mergersandacquisitions,etc.第1題Itisevidentthat________willaffectmanybusinessdealingsbecauseithastodowithhowwethink.AmarketBcultureCcurrencyDpolices第2題_______taketheformoftaxesorduties.Itbecomesasourceofincomeforthegovernment.ATariffbarriersBNon-tariffbarriersCAnti-dumpingdutyDCountervailingduty第3題________isdesignedtoincreasetheincomeofthehomegovernmentbyimposingdutyonconsumergoods,particularlyonluxurygoods.ASpecificdutyBAdvaloremdutyCRevenuetariffDProtectivetariff第4題Themainproblemsofinternationalbusinessare________.AtechnologicaldifferencesBculturaldifferencesCmonetaryconversionDtradebarriers正確答案:BCD第5題________arethetypesofnon-tariffbarrierstotrade.ALicenseBImportquotaCExportsubsidiesDSlidingduty正確答案:ABC第6題Currencyratefluctuationisoneofthemostchallenginginternationalbusinessproblemstonavigate.第7題Governmentsrarelyimposetariffonexports,becausecountrieswanttosellasmuchaspossibletoothercountries.第8題Tariffbarrierisanobstacletorestrictinginternationaltradethroughnon-taxordutyinstruments.Exercises:Lecture3第1題Exporterneedstoconductalotof________toexaminethemarketstructuresandgeneraleconomicconditionsinforeigncountries.AconsultationsBnegotiationsCmeetingsDmarketresearches第2題Anoffercanbemadebyabuyerorseller.Whenitismadebyabuyer,theofferiscalled______.AsellingofferBbidCoffererDofferee第3題Thecontractingpartiesmustperformtheirmutualpromises,fulfilltheirrespectiveobligationsasspecifiedinthecontract.That’sthestageof________ofcontract.AfulfillmentBperformanceCimplementationDaccomplishment正確答案:ABC第4題Marketingandpromotionactivitiesshouldbecarriedonbeforemarketresearches.第5題Anenquiryisarequestforinformation,whichcanonlybemadebytheimporter.第6題Unlessotherwiseagreed,contractsfortheinternationalsaleofgoodsshallenterintoforceoncetheofferisaccepted.第7題Theimporterneedstoapplyforanimportlicensewhetheritisrequiredbythegovernmentornot.Exercises:Lecture4第1題Offerand________aretheessentialelementsofacontract.Ineithercase,itshouldbedoneoutofone'sfreewillandwithanintentiontoenterintoalegallybindingagreement.AenquiryBcounter-offerCacceptanceDrejection第2題Inbusiness,________meansacontractualexchangeofmutualpromisesthatbenefitbothpartiesinacontract,bywhichonepartymakesapromiseinexchangefortheother'sperformance.AconsiderationBconsentCagreementDconfirmation第3題TheCISG,alsoknownasthe________,isanimportantandwidelyadoptedcommerciallawtreatywhichprovidesauniformtextoflawforinternationalsalesofgoodswithinitsscope.AContractLawBSalesContractCViennaTreatyDViennaConvention第4題The________ofacontractistheintroductoryparagraphthatidentifiesthepartiestotheagreement.AtitleBpreambleCbodyDwitness第5題Asthemostimportantpartofacontract,thebodyofacontractusuallycontainssomesections:________.AdefinitionclauseBbasicconditionsCadditionalconditionsDgeneraltermsandconditions正確答案:ABD第6題Ininternationaltrade,theeffectiveestablishmentofacontractmustgothroughthefivestepsofenquiry,offer,counter-offer,acceptanceandsigning.第7題Writtencontractsandoralcontractsarealllegallyvalidformsofcontract.Exercises:Lecture5第1題Incoterms?isanacronymfor________.AinternationaltradetermsBinternationalcommercialtermsCinternationalchamberofcommerceDinternationalrulesfortheinterpretationoftradeterms第2題Incoterms?islimitedtomattersrelatingtotherightsandobligationsofthepartiestothe________withrespecttothedeliveryofgoodssold.AcontractofcarriageBcontractofinsuranceCcontractoffinancingDcontractofsale第3題Therearenow________recognisedtermsinthe2020edition,thesameasin2010,anddownfor________in2000.A11,11B11,13C13,11D13,13第4題InIncoterms?2020,________replaced________whichistheonlynewlynamedtermintheguide.ADPU,DATBDPU,DAPCDAT,DPUDDAP,DPU第5題InIncoterms?2020,the________wherebythesellerisresponsibleforcontractingandpayingforcarriageofthegoods,butnotresponsibleforadditionalcostsorriskoflossofordamagetothegoodsoncetheyhavebeenshipped,meaningthedifferentpointsofcostsandrisks.A“E”-termsB“F”-termsC“C”-termsD“D”-terms第6題ComparedwithIncoterms?2000,thenewterms________havebeenaddedinIncoterms?2020.ADAFBDAPCDATDDPU正確答案:BD第7題WhileitisrecommendedthatbusinesseswhoengageintradeimplementIncoterms?,itisnotmandatory.第8題TheIncoterms?rulesarelawsenactedbygovernments.第9題Incoterms?2020rulesaregroupedintotwocategoriesdisplayingmodesoftransport.Ofthe11rules,7areforanymodeormodesoftransportand4applyforseaorinlandwaterwaytransport.Exercises:Lecture6第1題The_________termrepresentstheminimumobligationfortheseller.ItisbyfarthemostbasicshippingIncoterm?.AEXWBFCACFASDFOB第2題WhenusingtheFOBterm,the________isrequiredtodeliverthegoodsonboardthevessel,whilethe

________isrequiredtonominatethevessel.Aseller,sellerBseller,buyerCbuy,sellerDbuyer,buyer第3題UnderCFRterm,thesellerisnotresponsiblefordeliverytothefinaldestinationfromtheport,orforbuyinginsurance.Ifthebuyerrequiresthesellertoobtaininsurance,theIncoterm?________shouldbeconsidered.AFCABFASCFOBDCIF第4題FASisusedonlyfornon-containerizedseafreightandinlandwaterwaytransport.第5題UnderCIFthesellerisrequiredtoobtaininsuranceonlyonminimumcover.Exercises:Lecture7第1題InIncoterms?2020,CIPrequiresa________amountofinsurancethanthelevelrequiredinthe2010rules.AlowerBhigherCstableDflexible第2題TheonlydifferencebetweenDPUandDAPisthatwhileinDPUthegoodsaredelivered________andinDAParedeliveredreadyforunloading.AloadedBloadingCunloadedDunloading第3題The_________termrepresentstheminimumobligationforthebuyer,whichputsalltheriskontheseller.ADATBDAPCDPUDDDP第4題________areFreightCollectterms,indicatingthatthereceiver(usuallythebuyer)willpaythefreightchargesupondeliveryoratthedestination.AEXWBFCACFASDFOB正確答案:ABCD第5題UndertheCIPrule,theriskispassedwhenthegoodsarereceivedbythefirstcarrier.第6題DifferentfromCFRthatiseligibleonlyforwaterwayshipments,CPTcanbeusedwithanymodeoftransport.第7題AllIncoterms?intendedforintermodaltransportcanbeusedforcontainerizedcargo.Exercises:Lecture8第1題“Delivery”underIncoterms?means______-thepointwhereriskoflossordamageshiftsfromthesellertothebuyer.ArisktransferBdamagetransferCcosttransferDmoneytransfer第2題“Delivery”underIncoterms?means______-thepointwhereriskoflossordamageshiftsfromthesellertothebuyer.AportofshipmentBportofdestinationCplaceofshipmentDplaceofdestination第3題“US$100perdozenFOBShanghai-Incoterms?2020”isapricetermofasalecontractconsistingof________.AtypeofcurrencyBpriceperunitCmeasurementunitDtradeterm正確答案:ABCD第4題Incoterms?donotdealwiththetransferofrisk,butwiththetransferofproperty.第5題ThereisalwaysoneandonlyoneIncoterm?foreachtransaction.Exercises:Lecture9第1題Inbusiness,"commodities”usuallyrefersto________whichareproduced,thentraded,boughtorsold,thenfinallyconsumed.AgoodsBservicesCgoodsandservicesDproducts第2題HSCode,widelyusedineveryinternationaltradeprocess,isamultipurposeinternationalproductnomenclaturedevelopedby________.AWTOBWCOCWHODIMF第3題Eachshippingcode,identifiedbyasix-digitcode,isbrokenintothreedifferentparts.The________twodigitswithinthecodeareextremelyspecifictothegoodsthatareexported,nominatingtheHSsubheading.AfirstBsecondCthirdDfourth第4題“Termsofcommodity”,includingthename,quality,quantityofgoodsandthemarks,numbersofthepackages,areusedtodescribegoods.第5題Evenifthecommoditiesdeliveredbythesellerarenotinaccordancewiththeagreednameofcommodity,thebuyerhasnorighttolodgeaclaim,rejectthegoodsorevencancelthecontract.第6題IfyoudonotapplyHScodescorrectlyyourgoodsmaybeseizedoryoumayfacepenalties.Exercises:Lecture10第1題Inforeigntrade,_________isoftenusedinconsignment,auctionandexhibitionforparticulargoodssuchasjewels,antique,artworks,calligraphy,painting,etc.AsalebysampleBsalebyspecificationCsalebystandardDsalebyactualquality第2題Whentradingsomecommoditieslikelarge-sizedmachines,technologicalinstruments,orelectricmachines,thequalityofwhichshouldbeindicated________.AbybrandBbyoriginCbyillustrationDbygrade第3題Exportedgoodsshouldpossessgood________.AphysicalattributesBnaturalattributesCsocialattributesDproductattributes正確答案:BC第4題Ininternationaltransactions,thequalityofgoodscanbeindicatedby________.AphysicalgoodsBnameCdescriptionDreputation正確答案:ACExercises:Lecture11第1題________isanumberofdifferentsystemsofmeasurementwithlengthbasedonthemetre,massonthegram,andvolumeonthelitre.ABritishSystemBU.S.SystemCMetricSystemDInternationalSystemofUnits第2題Ifyouhaveaboxofbeans,theweightoftheboxisthetareweight.Inthecasewheremoreboxesarepackedintoabiggerbox,thenthebiggerbox’sweightcountsas________.AtareweightBnetweightCgrossweightDtotalweight第3題________issuitabletothosecargoes,whichareofhigheconomicvalueandwithunsteadymoisturecontent(whosewatercontentsarenotstable),suchaswool,rawsilk,etc.ANetweightBConditionedweightCTheoreticalweightDLegalweight第4題“Thesellerisallowedtodelivery5%moreorless,thepricewillbecalculatedaspertheunitpricestipulatedinthesalescontract.”Thisisaquantityclause,called________.AQuantityRangeBQuantityToleranceCQuantityLatitudeDMoreorLessClause第5題Nowadays,________aregenerallyusedininternationaltrade.ABritishSystemBU.S.SystemCMetricSystemDInternationalSystemofUnits正確答案:ABCD第6題Grossweightisthesumofthetareweightandnetweight.第7題Toalorryoperator,grossweightincludesthenetweightoftheproduct,tareweight,andtheweightofthetransportvehicle.Exercises:Lecture12第1題Thosekindsofcargoeswhosequalitiesaremorestableandtobeshippedwithoutanypackagesorinsimplebundlesareknownas________.AgeneralcargoesBnudecargoesCbulkcargoesDpackedcargoes第2題Salespackaging,alsocalled________,istheimmediatelayerofpackagingaroundthegoods.AouterpackagingBmarketingpackagingCpromotionalpackagingDinnerpackaging第3題Thecountryoforigin,theindicationofweightofpackageandthedimensionsofpackagesare________,stenciledonthetransportpackages.AshippingmarksBsupplementarymarksCindicativesmarksDwarningmarks第4題Collectivepackagingcanbeclassifiedinto________.AcardboardBcontainerCpalletDflexiblecontainer正確答案:BCD第5題Neutralpackagingmeansthatthereisno________onthepackagingandthecommodity.AnameoftheoriginBnameandaddressofthemanufacturerCtrademarkorbrandDanywords正確答案:ABCD第6題Transportpackagingservesamarketingpurposebycontainingprominentbrandingimagesandinformation.第7題Warningmark,knownashandlingmark,helpstoensurethatgreatercareistakenwithcargohandling.Exercises:Lecture13第1題________involvescalculatingthetotalcostsittakestomakeyourproduct,thenaddingapercentagemarkuptodeterminethefinalprice.ACompetition-basedpricingBValue-basedPricingCMarket-basedPricingDCost-basedpricing第2題________setspricebasedonsimilarproductsofcompetitorsandfocusesoninformationfromthemarketratherthanproductioncostsandproduct'sperceivedvalue.ACost-basedpricingBMarket-basedPricingCCompetition-basedpricingDValue-basedPricing第3題“Thepricewillbenegotiatedanddecidedbybothparties60daysbeforetheshipmentaccordingtotheinternationalpricelevel.“Itisanexampleof________.AfixedpricingBflexiblepricingCpartialfixedpriceandpartialunfixedpriceDfloatingpricing第4題________aretypicalpricingstrategiesbasedonmarket-basedpricingmethod.APenetrationpricingBSkimmingpricingCDynamicpricingDLimitpricing正確答案:AB第5題Skimmingpricingstrategyisusedbybusinessestoattractcustomerstoanewproductorservicebyofferingalowerpriceduringitsinitialoffering.第6題Thesellerdeliversandthebuyeracceptsthecommoditiesatafixedpriceagreedbybothparties,neitherpartyshallhavetherighttochangetheagreedprice.Exercises:Lecture14第1題________arenotheldbybanksasforeignreserves,whichleadstovolatility.ACoinsBNotesCHardcurrenciesDSoftcurrencies第2題Thebuyingrateisalways_______thanthesellingrate.Thedifferencebetweenthetwobasicallyensuresprofitforthebanks.AhigherBlowerCearlierDlater第3題Mostcountries,includingChina,use________whenexpressingforeignexchangerates.AdirectquotationBindirectquotationCdomesticcurrencyDforeigncurrency第4題Specialdrawingrights(SDR)refertoaninternationaltypeofmonetaryreservecurrencycreatedbythe________in1969thatoperatesasasupplementtotheexistingmoneyreservesofmembercountries.AWTOBWBCIMFDWFO第5題TheChineseRMBjoined________intheSDRbasket,effectiveonOctober1,2016.AUSdollarBEuroCJapaneseyenDBritishpoundsterling正確答案:ABCD第6題Skimmingpricingstrategyisusedbybusinessestoattractcustomerstoanewproductorservicebyofferingalowerpriceduringitsinitialoffering.第7題Thesellerdeliversandthebuyeracceptsthecommoditiesatafixedpriceagreedbybothparties,neitherpartyshallhavetherighttochangetheagreedprice.Exercise:Lecture15第1題Ininternationalsalesofgoods,thedeliveryofthegoodsnotonlymeansthatthesellerdeliversthecontractgoodsattheagreedtime,placeandintheagreedmannerstothebuyer,butalsototransferthenecessary________atthestipulatedtimetothebuyer.ApackagesBcertificatesCdocumentsDinsurance第2題Economyofscaleintransportationreferstothecharacteristicthattransportationcostperunitofweight________whenthesizeoftheshipment________.Adecreases;increasesBdecreases;decreasesCincreases;increasesDincreases;decreases第3題“Ashipmentof800mileswillcostlessthantwoshipments(ofthesamecombinedweight)of400miles.”showstheprincipleof________.AEconomyofScaleBEconomyofDistanceCEconomyofQuantityDEconomyofAmount第4題Incase,youwouldliketomovealargecargototheconsignee,withastrictscheduleandatregularintervals,youcanchoose________.ALinerserviceBTrampserviceCShippingserviceDMaritimeservice第5題The________inwhichashipischarteredforasinglevoyage,aroundtriporanumberofconsecutivevoyagesbetweenspecifiedports,withaspecifiedcargoatanegotiatedrateoffreight,ismostcommon.AdemisecharterBbareboatcharterCtimecharterDvoyagecharter第6題Maritimeshippingistheslowestmodeoftransportation,butthemostefficientfortheamountofcargoitiscapableofcarrying.第7題Underatimecharter,thecharterergenerallyhasfullcommercialcontrolofthevessel,includingcrewcosts,arrangingbunkers,handlingoperations,portcharges,etc.Exercise:Lecture16第1題Forvesselchartering,thereshouldbea(n)________betweenthepartiestocharterthevessel.Thiscallsasthecharterparty.ApromiseBpartyCactionDagreement第2題UndertheFreeInterm,theshipownershould________paythecostofloadinggoodsonboardavessel________therateofunloadingthegoodsatthedestinationport.A-;andBnot;andCnot;butD-;butnot第3題Laytimeistheamountoftimeallowedinavoyagecharterfortheloadingandunloadingofcargo.Ifthelaytimeisexceeded,________isincurred.AdemurrageBdispatchCpostponementDcancellation第4題Ifindicatedby“A.V.”or“AdVal”,itmeansthefreightrateischargedaccordingto________ofthecargo.AweightBmeasurementCvalueDunit第5題Ingeneral,freightrateismadeupof________.AcharteredfreightBbasicfreightrateCmaintenancecostDsurcharges正確答案:BD第6題FreeInandOutindicatesthatloadinganddischargingcostsarenotincludedinthefreight,nottheshipowner′sresponsibility.第7題Iftheshipfinishesearlierthanexpected,theshipownerpays“dispatch”tothecharterer.第8題Under“byselection”method,theprincipleof"careabouthighnotaboutlow"istobeadoptedExercise:Lecture17第1題Multimodaltransportisacombinationoftwoormoredifferentmodesofsuccessivetransportationwith________rate(s)under________transportcontract(s).Atwoormore;twoormoreBasingle;twoormoreCasingle;onlyoneDtwoormore;onlyone第2題Landbridgeisthe________portionofthetrip.AoceanBlandCairDtunnel第3題ThevesselcapacityisnowmeasuredinTEU,whichrefersto________.A12-footlengthcontainerB20-footlengthcontainerC24-footlengthcontainerD40-footlengthcontainer第4題________isusuallypreferredbythosewhohavelargequantitiesofgoodstobesentforasinglereceivertothe________orthenamedplaceofdelivery.ALCL;CFSBLCL;CYCFCL;CFSDFCL;CY第5題Pipelinetransportisasystemoftransportationinvolvestheuseofhollowpipesinthetransportationof________.AwaterBcrudeoilCpetroleumDgas正確答案:ABCD第6題Piggybackinvolvestheuseofrailandtruckwherecargoistransferredfromanyoneofthetwotoanother.AwaterBrailCtruckDair正確答案:BC第7題Inamultimodaltransport,thereshouldbe________.Aamulti-modalcontractBasetofmulti-modaltransportdocumentsCtwoormoredifferentmodesofsuccessivetransportationDmultimodaltransportsinglefactorrate正確答案:ABCD第8題Roadtransportismoreflexiblethanrailwaytransport.第9題TheNewEurasianLandBridgeisoneofthesixmajorcorridorsenvisionedbyChina’sB&R.第10題Container,asaneffectiveintermidium,providesahighlyefficientformfortransportbyship,byroad,byrail,bypipeline,andbyair.Exercise:Lecture18第1題Ininternationaltrade,theshippingdocumentsrepresent________.AthecompletionoftradeBthedeliveryofgoodsCthedeliveryofdocumentsDthetitletothegoods第2題Anyinternationaltransactionthatinvolvesimportingexportinggoodsmustcomewithaproofofsalethatisknownas________.AsalesofcontractBorderCcommercialinvoiceDinspectioncertificate第3題Aninspectioncertificateisissuedbythemanufacturer,chambersofcommerce,surveyors,orgovernmentinstitutionsafterconductingarelatedinspection,usuallyimmediately______.ApriortoshipmentBintransitCaftershipmentDanytime第4題Internationaltradeattachessogreatimportancetoshippingdocumentsthat,toacertaindegree,itcanbecalled________.AshippingdocumentstradeBvirtualtradeCsymbolictradeDtradeofdocuments正確答案:CD第5題________aremandatoryforalltypesofinternationaltransport.AProFormaInvoiceBCommercialInvoiceCPackingListDCertificateofOrigin正確答案:BC第6題Ininternationaltrade,thedocumentsrequiredarethesameregardlessofthecountryoforiginordestination.第7題Proformainvoicescanbeusedfortransactionsprocessedbylettersofcreditorasaprerequisiteforissuingimportlicenses.第8題____TheGSP,theGeneralizedSystemofPreferences,isapreferentialtariffsystemthatdevelopedcountriesextendtodevelopingcountries.Exercise:Lecture19第1題ABillofLadingfunctionsinthreeways:asa________ofgoods,issuedbythecarrierortheiragenttotheshipperortheiragentinexchangeforthereceiptofthecargo;as________ofcontractofcarriage,establishedwhentheshipperortheiragentmadeabookingwiththecarriertocarrythegoodsfromAtoB;andasa________tothegoods,itmeansthatwhoeveristheholderoftheB/Lhasthetitletothecargoortherightstoclaimthecargo.Adocumenttitle,proof,receiptBreceipt,documenttitle,proofCreceipt,proof,documenttitleDproof,receipt,documenttitle第2題UnlikeaBillofLading,anAirWaybillis________,meaningthatitdoesnotspecifyonwhichflighttheshipmentwillbesent,orwhenitwillreachitsdestination.AnegotiableBnon-negotiableCtransferableDnon-acceptable第3題________,alsoknownasForwardersBillofLading,isthecargotransportationcontractthecentralizedshipperandtherealshippers.AMasterB/LBCarrierB/LCExpressB/LDHouseB/L第4題Billsofladingmadeout"toorder",ortoanamedpartywiththewords"totheorderof",aregenerallyknownas________.AOrderBillsofLadingBStraightBillofLadingCShippedonBoardBillofLadingDOriginalBillofLading第5題Ifthegoodsareloadedinadamagedcondition,theB/Lmustshowthenatureofthedamageorsuchothercommentasmaybeappropriate,whichiscalled________.AClausedB/LBReceivedforShipmentB/LCDirtyB/LDCleanB/L正確答案:AC第6題AThroughB/Lonlyinvolvesonemodeofcargomovementyettherearedifferentlegs,likeinlandwaterwaysandthesea.第7題TheTelexReleaseisaphysicalhardcopyofthedocument,whiletheOriginalBillofLadingisvirtual.第8題AStraightBillofLadingisnon-transferableandnon-negotiable.Exercise:Lecture20第1題Thetermcargoinsurance,popularlyknownasmarineinsurance,appliesto________oftransportation.AoceanmodeBlandmodeCairmodeDallmodes第2題Theinsurancecompanyisalsoknownas________whoassumestheliabilityasandwhenlossoccurs.AinsuredBinsurantCunderwriterDinsuranceagent第3題________mayresultfromthe________,necessarymeasurementswouldbetaken,andsome________thusincur.ARisk,loss,expensesBLoss,risk,expensesCExpense,loss,risksDExpenses,risk,losses第4題Ifthecargoisnottotallylost,buttheactualtotallossshallbeunavoidableortherestorationfeestogetherwithothermiscellaneousexpenseswillexceedtheanticipatedamountofprofit,itiscalled________.AactualtotallossBconstructivetotallossCactualpartiallossDconstructivepartialloss第5題A________isanextraordinarylossincurredtopreservethecommoninterest,thusisborneincommonbytheownersofallthepropertyengagedintheventure.AparticularaverageBgeneralaverageCtotalaverageDpartialaverage第6題Thedisasterscausedby________areregardedasperilsofthesea.AnaturalcalamitiesBfortuitousaccidentsCexternalrisksDextraneousrisks正確答案:AB第7題Specialextraneousrisksareoftenrelatedto________.ApoliticsBmilitaryaffairsCconvulsionsDinternationalpolicies正確答案:ABCD第8題Insuranceagentsrepresentinsurancebuyers,whileinsurancebrokersrepresentoneormoreinsurancecompanies.第9題Average,inmaritimelaw,meanslossordamage.Exercise:Lecture21第1題WhichofthefollowingshowsthecorrectrelationshipamongFPA,WPAandAllRisks?AWPA<FPA<AllRisksBWPA>FPA>AllRisksCFPA<WPA<AllRisksDFPA>WPA>AllRisks第2題Thescopeof________issimilartothatofAllRisksunderCIC.AICC(A)BICC(B)CICC(C)DMaliciousDamageClauses第3題W/WClauseprotectsfromtheriskoflossthatmaybeincurredfromtheftordamagetogoodswhileshippedfromone________toanother.AfactoryBwarehouseCdockDport第4題Bylegaldefinition,oceanmarineinsurancecoversthefollowingpropertytypes:________.AcargoBhullCfreightDliabilityfromnegligence正確答案:ABCD第5題________canbecoveredindependentlybutnotattachedtoanyotherparticularcoverage.AFPABWPACAllRisksDGeneralAdditionalRisks正確答案:ABC第6題________belongtothegeneraladditionalrisksunderCIC.AtheftriskBshortageriskCstrikesriskDbreakagerisk正確答案:ABD第7題AccordingtoICC,thescopeofinsurancecoveragemainlyhastwotypes:basiccoverageandadditionalcoverage.第8題AllRisksshallcoveragainstrisksorlossordamageallinall.第9題IfthegoodsarecoveredwithAllRisks,itisnoneedtocoverthegeneraladditionalrisks.Exercise:Lecture22第1題Openpoliciescanprovideefficiencyandsavingsforallpartiesconcerned,especiallywhentheinsuredconductsasignificantvolumeofhighly________transactions.AsameBdifferentCsimilarDunusual第2題Ifyouwillbepresentingdocumentsunderaletterofcredit,thenyoushouldkeepinmindthatyou________presentinsurancepolicyinsteadofaninsurancecertificate,butyou________presentaninsurancecertificateinsteadofaninsurancepolicy.Acan,canBcan,cannotCcannot,canDcannot,cannot第3題Supposingthatthepolicystatesthatthefranchisedeductibleis100,thepolicyholderwillpayforthatout?of?pocketanytimehegetscharged100orless.Onlywhenitgoesabove$100doestheinsurancecompanywillpayforeverythinguptothepolicy'slimit.Thisisanexampleofa

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