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Telecom Operators and Global Outsourcing Relationships Quiz

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Telecom Operators and Global Outsourcing Relationships Quiz

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Questions and Answers

Why are shipments to countries with weak institutions more likely to involve trade credit?

To bypass legal constraints on financing international sourcing. (correct)

To ensure post-delivery payment is guaranteed.

To minimize the risk of cash-in-advance contracts.

To take advantage of the common law origin of the shipment country.

What sustains cooperation in trading relationships according to the text?

Immediate cash payments for every trade.

Lack of forward-looking players.

Known "last period" in the trading agreement.

Threat to revert to defection tomorrow. (correct)

How can long-term relational contracts help overcome legal constraints in international sourcing?

By limiting the number of repeated interactions.

By providing a guarantee for post-delivery payment.

By ensuring immediate cash payments for every transaction.

By often being more impactful than contractual governance. (correct)

What is a common strategy employed in shipments to countries with weak institutions?

Implementing post-shipment trade credit agreements. Signup and view all the answers

Why do repeated interactions between parties in trading relationships matter?

To sustain cooperation and overcome legal constraints. Signup and view all the answers

In the context of international sourcing, why is reliance on relational contracts emphasized?

To mitigate legal constraints more effectively than contractual governance. Signup and view all the answers

What role do legal institutions play in constraining distributors' ability to finance international sourcing?

Constrain distributors from financing international sourcing. Signup and view all the answers

Why are long-term relational contracts preferred over short-term contractual governance?

Due to their greater impact in overcoming legal constraints. Signup and view all the answers

What is a key drawback of relying solely on cash-in-advance contracts for international sourcing?

Higher risk of non-payment from buyers. Signup and view all the answers

How does common law origin of shipment countries correlate with contract enforcement?

It has been shown to correlate positively with contract enforcement. Signup and view all the answers