Question 1

Volkswagen's business environment includes a significant wage differential between Mexico and Germany.

Accepted Answer

A) True 
 B)False

Question 2

Representatives of the apparel, footwear, and textile industries in many countries are deeply concerned about the impact that increased trade with China will have on these sectors.

Accepted Answer

A) True 
 B)False

Question 3

The chief executives of Swiss Swatch Group and Japanese Canon would like to:

Accepted Answer

A)  outsource all of the manufacturing units overseas in order to save money. 
B)  outsource a majority of the manufacturing functions overseas. 
C)  retain a majority, if not all, of the manufacturing in their home country. 
D)  establish "call centers" in developing countries in order to save labor costs. 
E)  outsource a full line of new products only. 
A)  outsource all of the manufacturing units overseas in order to save money. 
B)  outsource a majority of the manufacturing functions overseas. 
C)  retain a majority, if not all, of the manufacturing in their home country. 
D)  establish "call centers" in developing countries in order to save labor costs. 
E)  outsource a full line of new products only.

Question 4

Which of the following documents represents title to goods in an export transaction?

Accepted Answer

A)  bills of lading 
B)  invoice 
C)  packing list 
D)  certificate of origin 
E)  insurance certificates 
A)  bills of lading 
B)  invoice 
C)  packing list 
D)  certificate of origin 
E)  insurance certificates

Question 5

The advantages of a market visit include all of the following except:

Accepted Answer

A)  confirm market potential. 
B)  contradict market potential. 
C)  gain confidence in firm's ability for exporting. 
D)  gather additional data to reach final decision. 
E)  build confidence in firm's ability for exporting. 
A)  confirm market potential. 
B)  contradict market potential. 
C)  gain confidence in firm's ability for exporting. 
D)  gather additional data to reach final decision. 
E)  build confidence in firm's ability for exporting.

Question 6

Which of the following was a major U.S. tax incentive for exporters that the WTO recently ruled was an illegal subsidy?

Accepted Answer

A)  NTR 
B)  CVD 
C)  FSC 
D)  NTB 
E)  HTS 
A)  NTR 
B)  CVD 
C)  FSC 
D)  NTB 
E)  HTS

Question 7

________ is the most important aspect of a company's international orientation.

Accepted Answer

A)  Experience 
B)  Commitment 
C)  Dynamism 
D)  Confidence 
E)  Cooperation 
A)  Experience 
B)  Commitment 
C)  Dynamism 
D)  Confidence 
E)  Cooperation

Question 8

A duty that represents a certain percentage of the value of a particular product is a(n):

Accepted Answer

A)  specific duty. 
B)  ad valorem duty. 
C)  BTN duty. 
D)  "schedule B" duty. 
E)  antidumping duty. 
A)  specific duty. 
B)  ad valorem duty. 
C)  BTN duty. 
D)  "schedule B" duty. 
E)  antidumping duty.

Question 9

According to research, exporting is essentially a developmental process starting with the first stage when the firm exports to one or more markets on a trial basis.

Accepted Answer

A) True 
 B)False

Question 10

"Tariff" is an ancient trading term derived from the Arabic word "ta'rif", which means "information" or "notification."

Accepted Answer

A) True 
 B)False

Question 11

Which of the following receives a fee for bringing together an exporter and a buyer in another country?

Accepted Answer

A)  foreign purchasing agent 
B)  export broker 
C)  export merchant 
D)  export management company 
E)  freight forwarder 
A)  foreign purchasing agent 
B)  export broker 
C)  export merchant 
D)  export management company 
E)  freight forwarder

Question 12

Paris is widely regarded as the design capitol of the world, where the world's largest furniture and home furnishings trade fair took place in 2016.

Accepted Answer

A) True 
 B)False

Question 13

The MEA can act as an export distributor or as an export commission representative. However, the MEA does not perform the functions of an export department, and the scope of market activities is usually limited to a few countries.

Accepted Answer

A) True 
 B)False

Question 14

In the post-September 11 business environment in the United States, imports have come under increased security. One of the initiatives taken in the interest of national security is:

Accepted Answer

A)  NAFTA. 
B)  C-TPAT. 
C)  WTO. 
D)  NTB. 
E)  FSC. 
A)  NAFTA. 
B)  C-TPAT. 
C)  WTO. 
D)  NTB. 
E)  FSC.

Question 15

________ are licensed specialists in traffic operations, customs clearance, and shipping tariffs and schedules. They can be considered as the travel agents for handling export goods.

Accepted Answer

A)  Foreign purchasing agents 
B)  Export brokers 
C)  Export merchants 
D)  Freight forwarders 
E)  Cooperative exporters 
A)  Foreign purchasing agents 
B)  Export brokers 
C)  Export merchants 
D)  Freight forwarders 
E)  Cooperative exporters

Question 16

________ are variously referred to as buyer for export, export commission house, or export confirming house.

Accepted Answer

A)  Export brokers 
B)  Export merchants 
C)  Foreign purchasing agents 
D)  Export managers 
E)  Manufacturer's agents 
A)  Export brokers 
B)  Export merchants 
C)  Foreign purchasing agents 
D)  Export managers 
E)  Manufacturer's agents

Question 17

The possible arrangements for handling exports include all of the following except:

Accepted Answer

A)  as a part-time activity performed by domestic employees. 
B)  through an export partner affiliated with the domestic marketing structure that takes possession of the goods before they leave the country. 
C)  as a low-cost arrangement requiring no additional personnel. 
D)  through an export department within an international division. 
E)  for multidivisional companies, each of the preceding options is available. 
A)  as a part-time activity performed by domestic employees. 
B)  through an export partner affiliated with the domestic marketing structure that takes possession of the goods before they leave the country. 
C)  as a low-cost arrangement requiring no additional personnel. 
D)  through an export department within an international division. 
E)  for multidivisional companies, each of the preceding options is available.

Question 18

According to the recent import regulations in the United States, action figures that represent non-human creatures such as monsters or robots are categorized as toys and qualify for lower duties than human figures that are classified as dolls.

Accepted Answer

A) True 
 B)False

Question 19

A nontariff barrier (NTB) includes all of the following except:

Accepted Answer

A)  quotas. 
B)  discriminatory procurement policies. 
C)  restrictive administrative policies. 
D)  restrictive technical regulations. 
E)  ad valorem duty. 
A)  quotas. 
B)  discriminatory procurement policies. 
C)  restrictive administrative policies. 
D)  restrictive technical regulations. 
E)  ad valorem duty.

Question 20

Outsourcing means shifting undesirable jobs or work assignments to another company to cut costs. When the outsourced work moves to another country, the terms "global outsourcing" or "offshoring" are used.

Accepted Answer

A) True 
 B)False

Volkswagen's business environment includes a significant wage differential between Mexico and Germany.

Representatives of the apparel, footwear, and textile industries in many countries are deeply concerned about the impact that increased trade with China will have on these sectors.

The chief executives of Swiss Swatch Group and Japanese Canon would like to:

Which of the following documents represents title to goods in an export transaction?

The advantages of a market visit include all of the following except:

Which of the following was a major U.S. tax incentive for exporters that the WTO recently ruled was an illegal subsidy?

________ is the most important aspect of a company's international orientation.

A duty that represents a certain percentage of the value of a particular product is a(n):

According to research, exporting is essentially a developmental process starting with the first stage when the firm exports to one or more markets on a trial basis.

"Tariff" is an ancient trading term derived from the Arabic word "ta'rif", which means "information" or "notification."

Which of the following receives a fee for bringing together an exporter and a buyer in another country?

Paris is widely regarded as the design capitol of the world, where the world's largest furniture and home furnishings trade fair took place in 2016.

The MEA can act as an export distributor or as an export commission representative. However, the MEA does not perform the functions of an export department, and the scope of market activities is usually limited to a few countries.

In the post-September 11 business environment in the United States, imports have come under increased security. One of the initiatives taken in the interest of national security is:

________ are licensed specialists in traffic operations, customs clearance, and shipping tariffs and schedules. They can be considered as the travel agents for handling export goods.

________ are variously referred to as buyer for export, export commission house, or export confirming house.

The possible arrangements for handling exports include all of the following except:

According to the recent import regulations in the United States, action figures that represent non-human creatures such as monsters or robots are categorized as toys and qualify for lower duties than human figures that are classified as dolls.

A nontariff barrier (NTB) includes all of the following except:

Outsourcing means shifting undesirable jobs or work assignments to another company to cut costs. When the outsourced work moves to another country, the terms "global outsourcing" or "offshoring" are used.

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions Ii: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

Filters

Exam 8: Importing, Exporting, and Sourcing

Volkswagen's business environment includes a significant wage differential between Mexico and Germany.

Representatives of the apparel, footwear, and textile industries in many countries are deeply concerned about the impact that increased trade with China will have on these sectors.

The chief executives of Swiss Swatch Group and Japanese Canon would like to:

Which of the following documents represents title to goods in an export transaction?

The advantages of a market visit include all of the following except:

Which of the following was a major U.S. tax incentive for exporters that the WTO recently ruled was an illegal subsidy?

________ is the most important aspect of a company's international orientation.

A duty that represents a certain percentage of the value of a particular product is a(n):

According to research, exporting is essentially a developmental process starting with the first stage when the firm exports to one or more markets on a trial basis.

"Tariff" is an ancient trading term derived from the Arabic word "ta'rif", which means "information" or "notification."

Which of the following receives a fee for bringing together an exporter and a buyer in another country?

Paris is widely regarded as the design capitol of the world, where the world's largest furniture and home furnishings trade fair took place in 2016.

The MEA can act as an export distributor or as an export commission representative. However, the MEA does not perform the functions of an export department, and the scope of market activities is usually limited to a few countries.

In the post-September 11 business environment in the United States, imports have come under increased security. One of the initiatives taken in the interest of national security is:

________ are licensed specialists in traffic operations, customs clearance, and shipping tariffs and schedules. They can be considered as the travel agents for handling export goods.

________ are variously referred to as buyer for export, export commission house, or export confirming house.

The possible arrangements for handling exports include all of the following except:

According to the recent import regulations in the United States, action figures that represent non-human creatures such as monsters or robots are categorized as toys and qualify for lower duties than human figures that are classified as dolls.

A nontariff barrier (NTB) includes all of the following except:

Outsourcing means shifting undesirable jobs or work assignments to another company to cut costs. When the outsourced work moves to another country, the terms "global outsourcing" or "offshoring" are used.

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions Ii: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

Filters