Question 1

The Ex-Im Bank is described as being a:

Accepted Answer

A) bank that lends exclusively to importers. 
B) new name for the old "World Bank." 
C) federally supported bank whose mission is to thwart communism by making loans to anti-communist nations and exporters. 
D) federally supported bank whose mission is to support exporters with necessary credit. 
E) bank which is not in existence yet.The concept still awaits Congressional approval. 
A) bank that lends exclusively to importers. 
B) new name for the old "World Bank." 
C) federally supported bank whose mission is to thwart communism by making loans to anti-communist nations and exporters. 
D) federally supported bank whose mission is to support exporters with necessary credit. 
E) bank which is not in existence yet.The concept still awaits Congressional approval.

Question 2

As an aid to expanding information about world trade, increasingly, international marketing information is available in the form of _____.

Accepted Answer

A) DVD's 
B) electronic encyclopedias 
C) electronic databases 
D) CIA reports 
E) government intelligence reports 
A) DVD's 
B) electronic encyclopedias 
C) electronic databases 
D) CIA reports 
E) government intelligence reports

Question 3

The seller delivers the goods, cleared for export, to the carrier selected by the buyer.The seller leads the goods if the carrier pickup is at the seller's premises.From that point, the buyer bears the cost and risks of moving the goods to destination.

Accepted Answer

A) EXW 
B) FCA 
C) CPT 
D) CIP 
E) DAT 
A) EXW 
B) FCA 
C) CPT 
D) CIP 
E) DAT

Question 4

Merchandise arriving from Canada and Mexico, trade fair goods, and perishable goods and shipments assigned to the U.S.government almost always utilize the _____ to enable fast delivery after arrival.

Accepted Answer

A) quick release form 
B) quick permit form 
C) Customs form 7200 
D) Special Permit for Immediate Delivery 
E) block and load release form 
A) quick release form 
B) quick permit form 
C) Customs form 7200 
D) Special Permit for Immediate Delivery 
E) block and load release form

Question 5

All of the following are common types of export representatives in the United States except:

Accepted Answer

A) combination export manager (CEM). 
B) export merchant. 
C) export commission house. 
D) export consortium. 
E) the trading company. 
A) combination export manager (CEM). 
B) export merchant. 
C) export commission house. 
D) export consortium. 
E) the trading company.

Question 6

The term of shipment DAT stands for _____.

Accepted Answer

Delivered

Question 7

_____ duties are assessed on imported merchandise sold to importers in the United States at a price that is less than the fair market value.

Accepted Answer

A) Ad valorem 
B) Specific 
C) Compound 
D) Nontariff 
E) Antidumping import 
A) Ad valorem 
B) Specific 
C) Compound 
D) Nontariff 
E) Antidumping import

Question 8

Exports have strong legal recourse in China.

Accepted Answer

A) True 
 B)False

Question 9

The _____ buys and sells on their own accounts and assumes all the responsibilities of exporting a product.Manufacturers do not control sales activities.

Accepted Answer

A) combination export manager (CEM) 
B) export merchant 
C) export commission house 
D) piggyback exporter 
E) trading company 
A) combination export manager (CEM) 
B) export merchant 
C) export commission house 
D) piggyback exporter 
E) trading company

Question 10

Brand names may need to be changed before a product can be sold overseas.

Accepted Answer

A) True 
 B)False

Question 11

_____ is usually the first entry mode of entry used by many companies.

Accepted Answer

A) Exporting 
B) Importing 
C) Licensing 
D) Contract manufacturing 
E) None of the above 
A) Exporting 
B) Importing 
C) Licensing 
D) Contract manufacturing 
E) None of the above

Question 12

A standardized product is not the easiest to sell abroad.

Accepted Answer

A) True 
 B)False

Question 13

All of the following conditions lend to the development of gray markets except:

Accepted Answer

A) currency fluctuations. 
B) differences in market demand. 
C) legal differences. 
D) opportunistic behavior. 
E) foreign trade outlets. 
A) currency fluctuations. 
B) differences in market demand. 
C) legal differences. 
D) opportunistic behavior. 
E) foreign trade outlets.

Question 14

The seller pays for moving the goods to destination.From the time the goods are transferred to the first carrier, the buyer bears the risks of loss or damage.

Accepted Answer

A) EXW 
B) FCA 
C) CPT 
D) CIP 
E) DAT 
A) EXW 
B) FCA 
C) CPT 
D) CIP 
E) DAT

Question 15

Another name for gray market channels is _____.

Accepted Answer

A) positioned imports 
B) concentric marketing 
C) strategic entry imports 
D) parallel imports 
E) sidebar hedging 
A) positioned imports 
B) concentric marketing 
C) strategic entry imports 
D) parallel imports 
E) sidebar hedging

Question 16

The seller delivers the goods to the origin port.From that point, the buyer bears all the costs and the risks of loss or damage.

Accepted Answer

A) EXW 
B) FCA 
C) DAP 
D) DDP 
E) FAS 
A) EXW 
B) FCA 
C) DAP 
D) DDP 
E) FAS

Question 17

A(n) _____ is a contract between the exporter and the shipper indicating that the shipper has accepted responsibility for the goods and will provide transportation in return for payment.

Accepted Answer

A) bill of disclosure 
B) term of sale 
C) payment statement 
D) transportation invoice 
E) bill of lading 
A) bill of disclosure 
B) term of sale 
C) payment statement 
D) transportation invoice 
E) bill of lading

Question 18

In the U.S., _____ allows exporters to file export information at no cost over the Internet.

Accepted Answer

A) Auxiliary Export System 
B) Amended Export System 
C) Automated Export System 
D) Alliance Export System 
E) none of the above 
A) Auxiliary Export System 
B) Amended Export System 
C) Automated Export System 
D) Alliance Export System 
E) none of the above

Question 19

The seller clears the goods for export and pays the cost of moving the goods to destination.The buyer bears all the risks of loss or damage.

Accepted Answer

A) EXW 
B) FCA 
C) FOB 
D) CFR 
E) CIF 
A) EXW 
B) FCA 
C) FOB 
D) CFR 
E) CIF

Question 20

When a shipment reaches the United States, the consignee (usually the importer) will file _____ with the port director at the port of entry.

Accepted Answer

A) visas 
B) product passports 
C) bills of landing 
D) bills of shipping 
E) entry documents 
A) visas 
B) product passports 
C) bills of landing 
D) bills of shipping 
E) entry documents

The Ex-Im Bank is described as being a:

As an aid to expanding information about world trade, increasingly, international marketing information is available in the form of _____.

The seller delivers the goods, cleared for export, to the carrier selected by the buyer.The seller leads the goods if the carrier pickup is at the seller's premises.From that point, the buyer bears the cost and risks of moving the goods to destination.

Merchandise arriving from Canada and Mexico, trade fair goods, and perishable goods and shipments assigned to the U.S.government almost always utilize the _____ to enable fast delivery after arrival.

All of the following are common types of export representatives in the United States except:

The term of shipment DAT stands for _____.

_____ duties are assessed on imported merchandise sold to importers in the United States at a price that is less than the fair market value.

Exports have strong legal recourse in China.

The _____ buys and sells on their own accounts and assumes all the responsibilities of exporting a product.Manufacturers do not control sales activities.

Brand names may need to be changed before a product can be sold overseas.

_____ is usually the first entry mode of entry used by many companies.

A standardized product is not the easiest to sell abroad.

All of the following conditions lend to the development of gray markets except:

The seller pays for moving the goods to destination.From the time the goods are transferred to the first carrier, the buyer bears the risks of loss or damage.

Another name for gray market channels is _____.

The seller delivers the goods to the origin port.From that point, the buyer bears all the costs and the risks of loss or damage.

A(n) _____ is a contract between the exporter and the shipper indicating that the shipper has accepted responsibility for the goods and will provide transportation in return for payment.

In the U.S., _____ allows exporters to file export information at no cost over the Internet.

The seller clears the goods for export and pays the cost of moving the goods to destination.The buyer bears all the risks of loss or damage.

When a shipment reaches the United States, the consignee (usually the importer) will file _____ with the port director at the port of entry.

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters

Exam 16: Export and Import Management

The Ex-Im Bank is described as being a:

As an aid to expanding information about world trade, increasingly, international marketing information is available in the form of _____.

The seller delivers the goods, cleared for export, to the carrier selected by the buyer.The seller leads the goods if the carrier pickup is at the seller's premises.From that point, the buyer bears the cost and risks of moving the goods to destination.

Merchandise arriving from Canada and Mexico, trade fair goods, and perishable goods and shipments assigned to the U.S.government almost always utilize the _____ to enable fast delivery after arrival.

All of the following are common types of export representatives in the United States except:

The term of shipment DAT stands for _____.

_____ duties are assessed on imported merchandise sold to importers in the United States at a price that is less than the fair market value.

Exports have strong legal recourse in China.

The _____ buys and sells on their own accounts and assumes all the responsibilities of exporting a product.Manufacturers do not control sales activities.

Brand names may need to be changed before a product can be sold overseas.

_____ is usually the first entry mode of entry used by many companies.

A standardized product is not the easiest to sell abroad.

All of the following conditions lend to the development of gray markets except:

The seller pays for moving the goods to destination.From the time the goods are transferred to the first carrier, the buyer bears the risks of loss or damage.

Another name for gray market channels is _____.

The seller delivers the goods to the origin port.From that point, the buyer bears all the costs and the risks of loss or damage.

A(n) _____ is a contract between the exporter and the shipper indicating that the shipper has accepted responsibility for the goods and will provide transportation in return for payment.

In the U.S., _____ allows exporters to file export information at no cost over the Internet.

The seller clears the goods for export and pays the cost of moving the goods to destination.The buyer bears all the risks of loss or damage.

When a shipment reaches the United States, the consignee (usually the importer) will file _____ with the port director at the port of entry.

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters