Question 1

The _____ is the person or entity sending or transporting the goods out of the country.

Accepted Answer

The answer of The _____ is the person or entity...

Question 2

Guanxi refers to the:

Accepted Answer

A) connections which are essential for doing business in China. 
B) subcultural groups that exist in China. 
C) dominant cultural group that decides Chinese cultural norms. 
D) cultural differences between Taiwan and China. 
E) department responsible for implementing cultural practices in China. 
A) connections which are essential for doing business in China. 
B) subcultural groups that exist in China. 
C) dominant cultural group that decides Chinese cultural norms. 
D) cultural differences between Taiwan and China. 
E) department responsible for implementing cultural practices in China.

Question 3

Which of the following methods of energy generation would leave the lowest carbon footprint?

Accepted Answer

A) Thermal 
B) Geothermal 
C) Crude oil 
D) Nuclear 
E) Natural gas 
A) Thermal 
B) Geothermal 
C) Crude oil 
D) Nuclear 
E) Natural gas

Question 4

What are the factors that encourage companies to engage in countertrade?

Accepted Answer

One reason that companies engage in this

Question 5

_____ refers to buying goods and services from foreign sources and bringing them back into the home country.

Accepted Answer

A) Open sourcing 
B) Offshoring 
C) Exporting 
D) Importing 
E) Farmshoring 
A) Open sourcing 
B) Offshoring 
C) Exporting 
D) Importing 
E) Farmshoring

Question 6

At the foreign port, the _____ arranges to have the exported goods clear customs and be shipped to the buyer.

Accepted Answer

The answer of At the foreign port, the _____ arranges...

Question 7

_____ refers to buying the raw materials, components, or services from companies outside the home country.

Accepted Answer

A) Insourcing 
B) Global sourcing 
C) Open sourcing 
D) Farmshoring 
E) Offshoring 
A) Insourcing 
B) Global sourcing 
C) Open sourcing 
D) Farmshoring 
E) Offshoring

Question 8

What are the risks of relying only on the export option for entering into a foreign market?

Accepted Answer

There are risks in relying on the export

Question 9

What is a letter of credit?

Accepted Answer

The letter of credit is a legal document

Question 10

A carrier refers to the entity which:

Accepted Answer

A) handles the physical transportation of goods across geographical distances. 
B) buys goods from another country and transfers into one's home country. 
C) sends goods out of one's own country to another country. 
D) finances the production of goods in a foreign country. 
E) designs and develops goods in one's own country. 
A) handles the physical transportation of goods across geographical distances. 
B) buys goods from another country and transfers into one's home country. 
C) sends goods out of one's own country to another country. 
D) finances the production of goods in a foreign country. 
E) designs and develops goods in one's own country.

Question 11

Which of the following statements holds true for the time draft?

Accepted Answer

A) The time draft is paid on the receipt of the goods by the importer. 
B) The time draft is payable typically 30, 60, 90, or 120 days in the future as specified by the draft. 
C) The time draft is paid on receipt of the draft (when it is "seen"). 
D) The time draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods. 
E) The time draft is paid after a period of exactly one year after the delivery has been made to the importer. 
A) The time draft is paid on the receipt of the goods by the importer. 
B) The time draft is payable typically 30, 60, 90, or 120 days in the future as specified by the draft. 
C) The time draft is paid on receipt of the draft (when it is "seen"). 
D) The time draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods. 
E) The time draft is paid after a period of exactly one year after the delivery has been made to the importer.

Question 12

What are the challenges posed by joint ventures for the companies involved?

Accepted Answer

Equity joint ventures pose two important

Question 13

Which of the following statements holds true for the World Customs Organization (WCO)?

Accepted Answer

A) It created a framework that calls for the handing over of the control of the customs department of politically unstable countries to the WCO. 
B) It created a framework that calls for the establishment of a super customs department that would control the customs departments of individual countries. 
C) It created a framework that calls for cooperation between the customs administrations of different countries. 
D) It created a framework that calls for the economic isolation of those countries that refuse to cooperate on customs related matters. 
E) It created a framework that calls for the creation of a fund to help strengthen the customs departments of the member countries. 
A) It created a framework that calls for the handing over of the control of the customs department of politically unstable countries to the WCO. 
B) It created a framework that calls for the establishment of a super customs department that would control the customs departments of individual countries. 
C) It created a framework that calls for cooperation between the customs administrations of different countries. 
D) It created a framework that calls for the economic isolation of those countries that refuse to cooperate on customs related matters. 
E) It created a framework that calls for the creation of a fund to help strengthen the customs departments of the member countries.

Question 14

Under a licensing agreement, a multinational firm provides a bundle of services and products to a foreign company.

Accepted Answer

A) True 
 B)False

Question 15

The term _____ refers to a situation in which an exporter sells a time draft at a discount to an intermediary (often a bank)that will pay the exporter immediately and then collect the full amount from the importer at the later date.

Accepted Answer

A) free on board 
B) goodwill 
C) factoring 
D) flight capital 
E) cash in advance 
A) free on board 
B) goodwill 
C) factoring 
D) flight capital 
E) cash in advance

Question 16

Governments use bills of lading to determine the value of the goods for customs-valuation purposes.

Accepted Answer

A) True 
 B)False

Question 17

The sight draft is payable at a later time, typically 30, 60, 90, or 120 days in the future as specified by the draft.

Accepted Answer

A) True 
 B)False

Question 18

_____ provides a common framework and process to ensure that each party will do what they say in the import/export transaction.

Accepted Answer

The answer of _____ provides a common framework and process...

Question 19

Which of the following statements holds true for the sight draft?

Accepted Answer

A) The sight draft is paid on the receipt of the goods by the importer. 
B) The sight draft is payable typically 30, 60, 90, or 120 days in the future as specified by the draft. 
C) The sight draft is paid on receipt of the draft (when it is "seen"). 
D) The sight draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods. 
E) The sight draft is paid after a period of exactly one year after the delivery has been made to the importer. 
A) The sight draft is paid on the receipt of the goods by the importer. 
B) The sight draft is payable typically 30, 60, 90, or 120 days in the future as specified by the draft. 
C) The sight draft is paid on receipt of the draft (when it is "seen"). 
D) The sight draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods. 
E) The sight draft is paid after a period of exactly one year after the delivery has been made to the importer.

Question 20

_____ refers to the granting of permission by one party to another party to use intellectual property rights, such as trademarks, patents, brand names, or technology, to a foreign company under defined conditions along with providing a bundle of services and products.

Accepted Answer

A) Joint venture 
B) Licensing 
C) Leasing 
D) Acquisition 
E) Franchising 
A) Joint venture 
B) Licensing 
C) Leasing 
D) Acquisition 
E) Franchising

The _____ is the person or entity sending or transporting the goods out of the country.

Guanxi refers to the:

Which of the following methods of energy generation would leave the lowest carbon footprint?

What are the factors that encourage companies to engage in countertrade?

_____ refers to buying goods and services from foreign sources and bringing them back into the home country.

At the foreign port, the _____ arranges to have the exported goods clear customs and be shipped to the buyer.

_____ refers to buying the raw materials, components, or services from companies outside the home country.

What are the risks of relying only on the export option for entering into a foreign market?

What is a letter of credit?

A carrier refers to the entity which:

Which of the following statements holds true for the time draft?

What are the challenges posed by joint ventures for the companies involved?

Which of the following statements holds true for the World Customs Organization (WCO)?

Under a licensing agreement, a multinational firm provides a bundle of services and products to a foreign company.

The term _____ refers to a situation in which an exporter sells a time draft at a discount to an intermediary (often a bank)that will pay the exporter immediately and then collect the full amount from the importer at the later date.

Governments use bills of lading to determine the value of the goods for customs-valuation purposes.

The sight draft is payable at a later time, typically 30, 60, 90, or 120 days in the future as specified by the draft.

_____ provides a common framework and process to ensure that each party will do what they say in the import/export transaction.

Which of the following statements holds true for the sight draft?

_____ refers to the granting of permission by one party to another party to use intellectual property rights, such as trademarks, patents, brand names, or technology, to a foreign company under defined conditions along with providing a bundle of services and products.

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

Global and Regional Economic Cooperation and Integration

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Strategy and International Business

Global Entrepreneurship and Intrapreneurship

Winning Through Effective, Global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

Filters

Exam 9: Exporting, Importing, and Global Sourcing

The _____ is the person or entity sending or transporting the goods out of the country.

Guanxi refers to the:

Which of the following methods of energy generation would leave the lowest carbon footprint?

What are the factors that encourage companies to engage in countertrade?

_____ refers to buying goods and services from foreign sources and bringing them back into the home country.

At the foreign port, the _____ arranges to have the exported goods clear customs and be shipped to the buyer.

_____ refers to buying the raw materials, components, or services from companies outside the home country.

What are the risks of relying only on the export option for entering into a foreign market?

What is a letter of credit?

A carrier refers to the entity which:

Which of the following statements holds true for the time draft?

What are the challenges posed by joint ventures for the companies involved?

Which of the following statements holds true for the World Customs Organization (WCO)?

Under a licensing agreement, a multinational firm provides a bundle of services and products to a foreign company.

The term _____ refers to a situation in which an exporter sells a time draft at a discount to an intermediary (often a bank)that will pay the exporter immediately and then collect the full amount from the importer at the later date.

Governments use bills of lading to determine the value of the goods for customs-valuation purposes.

The sight draft is payable at a later time, typically 30, 60, 90, or 120 days in the future as specified by the draft.

_____ provides a common framework and process to ensure that each party will do what they say in the import/export transaction.

Which of the following statements holds true for the sight draft?

_____ refers to the granting of permission by one party to another party to use intellectual property rights, such as trademarks, patents, brand names, or technology, to a foreign company under defined conditions along with providing a bundle of services and products.

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

Global and Regional Economic Cooperation and Integration

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Strategy and International Business

Global Entrepreneurship and Intrapreneurship

Winning Through Effective, Global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

Filters