Question 1

Which of the following is described as the three Rs of global business: rules, rate schedules, and regulations?

Accepted Answer

A)  quotas 
B)  tariffs 
C)  NTBs 
D)  NTR 
E)  duties 
A)  quotas 
B)  tariffs 
C)  NTBs 
D)  NTR 
E)  duties

Question 2

Some Italian food brands are well known throughout the world; however, these foods are not globally exported. Describe the reasons giving examples.

Accepted Answer

Some Italian food brands, such as Ferrer

Question 3

The United States has given normal trade relations (NTR) status to some 180 countries. In actuality only four countries are excluded from this status which includes all of the following countries except:

Accepted Answer

A)  North Korea. 
B)  Iraq. 
C)  Iran. 
D)  Cuba. 
E)  Libya. 
A)  North Korea. 
B)  Iraq. 
C)  Iran. 
D)  Cuba. 
E)  Libya.

Question 4

If the dollar, the yen, or the euro becomes seriously overvalued, a company with a production capacity in other locations can achieve competitive advantage by:

Accepted Answer

A)  buying different currencies before major fluctuations take place. 
B)  conducting transactions in different currencies of the world. 
C)  shifting production among different sites. 
D)  cutting down production and waiting until the currency rate is reasonable. 
E)  reducing production and labor force simultaneously. 
A)  buying different currencies before major fluctuations take place. 
B)  conducting transactions in different currencies of the world. 
C)  shifting production among different sites. 
D)  cutting down production and waiting until the currency rate is reasonable. 
E)  reducing production and labor force simultaneously.

Question 5

The export and import process can entail red tape and bureaucratic delays. In an effort to facilitate exports, countries are designating certain areas as:

Accepted Answer

A)  import control zones. 
B)  special tariff zones. 
C)  global business zones. 
D)  free trade zones. 
E)  duty free zones. 
A)  import control zones. 
B)  special tariff zones. 
C)  global business zones. 
D)  free trade zones. 
E)  duty free zones.

Question 6

Foreign purchasing agents are also referred to as jobbers.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following offers a company the best assurance of being paid for exported goods?

Accepted Answer

A)  a letter of credit 
B)  a "piggyback" arrangement 
C)  a swap 
D)  an in-house export organization 
E)  a certified check 
A)  a letter of credit 
B)  a "piggyback" arrangement 
C)  a swap 
D)  an in-house export organization 
E)  a certified check

Question 8

In the last stage of the developmental process for exporting, a firm evaluates global market potential before screening for the "best" target markets to include in its marketing strategy and plan.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following establishes classification numbers that must be used by importers and exporters?

Accepted Answer

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

Question 10

The Harmonized Tariff System (HTS) is currently the dominant system for determining the correct classification number.

Accepted Answer

A) True 
 B)False

Question 11

Direct representation, as opposed to representation by independent intermediaries, for exporting by the market country has several advantages which do not include:

Accepted Answer

A)  facilitates control and communications. 
B)  allows decisions concerning program development and resource allocation. 
C)  benefits when a product is not yet established in a market. 
D)  ensures marketer's interest and special efforts. 
E)  helps sell products directly to the consumer in the market country. 
A)  facilitates control and communications. 
B)  allows decisions concerning program development and resource allocation. 
C)  benefits when a product is not yet established in a market. 
D)  ensures marketer's interest and special efforts. 
E)  helps sell products directly to the consumer in the market country.

Question 12

In which of the following forms of export financing does a bank assume a financial obligation?

Accepted Answer

A)  with an L/C but not a documentary collection 
B)  with a documentary collection but not an L/C 
C)  neither an L/C nor a documentary collection requires a bank to assume financial obligation 
D)  with either an L/C or a collection letter 
E)  with both an L/C and a documentary collection 
A)  with an L/C but not a documentary collection 
B)  with a documentary collection but not an L/C 
C)  neither an L/C nor a documentary collection requires a bank to assume financial obligation 
D)  with either an L/C or a collection letter 
E)  with both an L/C and a documentary collection

Which of the following is described as the three Rs of global business: rules, rate schedules, and regulations?

Some Italian food brands are well known throughout the world; however, these foods are not globally exported. Describe the reasons giving examples.

The United States has given normal trade relations (NTR) status to some 180 countries. In actuality only four countries are excluded from this status which includes all of the following countries except:

If the dollar, the yen, or the euro becomes seriously overvalued, a company with a production capacity in other locations can achieve competitive advantage by:

The export and import process can entail red tape and bureaucratic delays. In an effort to facilitate exports, countries are designating certain areas as:

Foreign purchasing agents are also referred to as jobbers.

Which of the following offers a company the best assurance of being paid for exported goods?

In the last stage of the developmental process for exporting, a firm evaluates global market potential before screening for the "best" target markets to include in its marketing strategy and plan.

Which of the following establishes classification numbers that must be used by importers and exporters?

The Harmonized Tariff System (HTS) is currently the dominant system for determining the correct classification number.

Direct representation, as opposed to representation by independent intermediaries, for exporting by the market country has several advantages which do not include:

In which of the following forms of export financing does a bank assume a financial obligation?

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

Which of the following is described as the three Rs of global business: rules, rate schedules, and regulations?

Some Italian food brands are well known throughout the world; however, these foods are not globally exported. Describe the reasons giving examples.

The United States has given normal trade relations (NTR) status to some 180 countries. In actuality only four countries are excluded from this status which includes all of the following countries except:

If the dollar, the yen, or the euro becomes seriously overvalued, a company with a production capacity in other locations can achieve competitive advantage by:

The export and import process can entail red tape and bureaucratic delays. In an effort to facilitate exports, countries are designating certain areas as:

Foreign purchasing agents are also referred to as jobbers.

Which of the following offers a company the best assurance of being paid for exported goods?

In the last stage of the developmental process for exporting, a firm evaluates global market potential before screening for the "best" target markets to include in its marketing strategy and plan.

Which of the following establishes classification numbers that must be used by importers and exporters?

The Harmonized Tariff System (HTS) is currently the dominant system for determining the correct classification number.

Direct representation, as opposed to representation by independent intermediaries, for exporting by the market country has several advantages which do not include:

In which of the following forms of export financing does a bank assume a financial obligation?

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