Question 1

What are the investment modes of entry into a foreign country?

Accepted Answer

There are two investment modes of enteri

Question 2

_____ refers to a company establishing a new, wholly owned subsidiary from scratch where no previous facilities exist. HYPERLINK "http://glossary.reuters.com/index.php/Greenfield_Investment"

Accepted Answer

A) Franchising 
B) Brownfield venture 
C) Joint venture 
D) Greenfield venture 
E) Licensing 
A) Franchising 
B) Brownfield venture 
C) Joint venture 
D) Greenfield venture 
E) Licensing

Question 3

Which of the following statements holds true for a tax haven?

Accepted Answer

A) It refers to a country which requires a substantive local presence of the organization that has parked its revenue in this country. 
B) It refers to a country which has highly effective exchange of tax information with foreign tax authorities. 
C) It refers to a country which has very advantageous (low)corporate income taxes. 
D) It refers to a country which is highly transparent in the operation of legislative, legal, and administrative provisions. 
E) It refers to a country which promotes itself as a financial centre for resident companies. 
A) It refers to a country which requires a substantive local presence of the organization that has parked its revenue in this country. 
B) It refers to a country which has highly effective exchange of tax information with foreign tax authorities. 
C) It refers to a country which has very advantageous (low)corporate income taxes. 
D) It refers to a country which is highly transparent in the operation of legislative, legal, and administrative provisions. 
E) It refers to a country which promotes itself as a financial centre for resident companies.

Question 4

What are the hidden costs of outsourcing?

Accepted Answer

Outsourcing leads to cost savings, such

Question 5

In global sourcing, ocean transport has a higher carbon footprint compared to transporting goods by air and truck.

Accepted Answer

A) True 
 B)False

Question 6

A _____ typically prepares the documentation, suggests shipping methods, navigates trade regulations, and assists with details like packing and labeling.

Accepted Answer

A) freight forwarder 
B) crew manager 
C) fleet superintendent 
D) marine superintendent 
E) reefer product manager 
A) freight forwarder 
B) crew manager 
C) fleet superintendent 
D) marine superintendent 
E) reefer product manager

Question 7

Which of the following statements holds true for the ISO 9001:2008 certification?

Accepted Answer

A) Organizations which supply raw materials are barred from applying for the ISO 9001:2008 certification. 
B) Companies which meet the criteria of a minimum financial turnover can apply for the ISO 9001:2008 certification. 
C) The ISO 9001:2008 certification is a mark that a company's products and services have met quality standards. 
D) Companies that had achieved ISO 9001:2000 certification were exempt from being recertified to meet ISO 9001:2008 standards. 
E) ISO 9001:2008 certification specifically focuses on the environment. 
A) Organizations which supply raw materials are barred from applying for the ISO 9001:2008 certification. 
B) Companies which meet the criteria of a minimum financial turnover can apply for the ISO 9001:2008 certification. 
C) The ISO 9001:2008 certification is a mark that a company's products and services have met quality standards. 
D) Companies that had achieved ISO 9001:2000 certification were exempt from being recertified to meet ISO 9001:2008 standards. 
E) ISO 9001:2008 certification specifically focuses on the environment.

Question 8

Which of the following statements holds true for export declaration?

Accepted Answer

A) It is a document that authorizes the carrier to transport the goods to the buyer's destination. 
B) It is a document that contains the description of the items being shipped. 
C) It is a document that acts as proof that the shipment was made and that the goods have been received. 
D) It is a document that represents the bill for the goods shipped from the exporter to the importer or buyer. 
E) It is a document that shows the amount of coverage on the goods. 
A) It is a document that authorizes the carrier to transport the goods to the buyer's destination. 
B) It is a document that contains the description of the items being shipped. 
C) It is a document that acts as proof that the shipment was made and that the goods have been received. 
D) It is a document that represents the bill for the goods shipped from the exporter to the importer or buyer. 
E) It is a document that shows the amount of coverage on the goods.

Question 9

_____ refers to an organization that helps U.S.businesses invest overseas, particularly in developing countries, by providing direct loans and loan guarantees to projects that meet its guidelines.

Accepted Answer

A) Bank of America Merrill Lynch 
B) Export-Import Bank of the United States 
C) Wells Fargo Securities 
D) US Small Business Administration 
E) Overseas Private Investment Corporation 
A) Bank of America Merrill Lynch 
B) Export-Import Bank of the United States 
C) Wells Fargo Securities 
D) US Small Business Administration 
E) Overseas Private Investment Corporation

Question 10

The _____ is the contract between the exporter and the carrier, authorizing the carrier to transport the goods to the buyer's destination.

Accepted Answer

A) letter of credit 
B) bill of lading 
C) customs invoice 
D) export declaration 
E) license 
A) letter of credit 
B) bill of lading 
C) customs invoice 
D) export declaration 
E) license

Question 11

This document is given to customs and port authorities during export transaction and the information in the document is used to compile statistics about exports from the country.This document is known as the _____.

Accepted Answer

The answer of This document is given to customs and...

Question 12

Which of the following is the priority mission of the US Bureau of Customs and Border Protection (CBP)?

Accepted Answer

A) facilitating international trade. 
B) transporting goods from one country to another. 
C) establishing special economic zones for organizations willing to invest in the country. 
D) preventing terrorists and terrorist weapons from entering the country. 
E) providing financial assistance to multinational companies to set up business establishments in the country. 
A) facilitating international trade. 
B) transporting goods from one country to another. 
C) establishing special economic zones for organizations willing to invest in the country. 
D) preventing terrorists and terrorist weapons from entering the country. 
E) providing financial assistance to multinational companies to set up business establishments in the country.

Question 13

Multinational companies may purchase a local supplier to directly control the supply of raw materials.This is known as:

Accepted Answer

A) horizontal integration. 
B) diversification. 
C) vertical integration. 
D) branding. 
E) underwriting. 
A) horizontal integration. 
B) diversification. 
C) vertical integration. 
D) branding. 
E) underwriting.

Question 14

_____ is the document by which the exporter tells the importer to pay a specified amount at a specified time.

Accepted Answer

A) Letter of credit 
B) Bill of lading 
C) Customs invoice 
D) Insurance certificate 
E) Bill of exchange 
A) Letter of credit 
B) Bill of lading 
C) Customs invoice 
D) Insurance certificate 
E) Bill of exchange

Question 15

Due to national security or product scarcity, some governments require that organizations need to acquire a(n)_____, which refers to the permission to export goods.

Accepted Answer

A) export declaration 
B) license 
C) letter of credit 
D) bill of lading 
E) customs invoice 
A) export declaration 
B) license 
C) letter of credit 
D) bill of lading 
E) customs invoice

Question 16

Most companies consider licensing to be a low-risk market-entry option because there is typically no upfront investment.

Accepted Answer

A) True 
 B)False

Question 17

The _____ created a framework that calls for cooperation between the customs administrations of different countries.

Accepted Answer

World Cust

Question 18

_____ refers to a contract that specifies the performance standards that an outsourcer must meet to ensure quality and performance when outsourcing services.

Accepted Answer

A) Operational level agreement 
B) Service-level agreement 
C) Smithsonian Agreement 
D) Termination agreement 
E) Repurchase agreement 
A) Operational level agreement 
B) Service-level agreement 
C) Smithsonian Agreement 
D) Termination agreement 
E) Repurchase agreement

Question 19

_____ functions like a credit card, but instead of funding the card through cash in a bank account, a company funds the card with its own goods and services.

Accepted Answer

The answer of _____ functions like a credit card, but...

Question 20

Import duties are lower for countries that are designated as a "most favored nation."

Accepted Answer

A) True 
 B)False

What are the investment modes of entry into a foreign country?

_____ refers to a company establishing a new, wholly owned subsidiary from scratch where no previous facilities exist. HYPERLINK "http://glossary.reuters.com/index.php/Greenfield_Investment"

Which of the following statements holds true for a tax haven?

What are the hidden costs of outsourcing?

In global sourcing, ocean transport has a higher carbon footprint compared to transporting goods by air and truck.

A _____ typically prepares the documentation, suggests shipping methods, navigates trade regulations, and assists with details like packing and labeling.

Which of the following statements holds true for the ISO 9001:2008 certification?

Which of the following statements holds true for export declaration?

_____ refers to an organization that helps U.S.businesses invest overseas, particularly in developing countries, by providing direct loans and loan guarantees to projects that meet its guidelines.

The _____ is the contract between the exporter and the carrier, authorizing the carrier to transport the goods to the buyer's destination.

This document is given to customs and port authorities during export transaction and the information in the document is used to compile statistics about exports from the country.This document is known as the _____.

Which of the following is the priority mission of the US Bureau of Customs and Border Protection (CBP)?

Multinational companies may purchase a local supplier to directly control the supply of raw materials.This is known as:

_____ is the document by which the exporter tells the importer to pay a specified amount at a specified time.

Due to national security or product scarcity, some governments require that organizations need to acquire a(n)_____, which refers to the permission to export goods.

Most companies consider licensing to be a low-risk market-entry option because there is typically no upfront investment.

The _____ created a framework that calls for cooperation between the customs administrations of different countries.

_____ refers to a contract that specifies the performance standards that an outsourcer must meet to ensure quality and performance when outsourcing services.

_____ functions like a credit card, but instead of funding the card through cash in a bank account, a company funds the card with its own goods and services.

Import duties are lower for countries that are designated as a "most favored nation."

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

What are the investment modes of entry into a foreign country?

_____ refers to a company establishing a new, wholly owned subsidiary from scratch where no previous facilities exist. HYPERLINK "http://glossary.reuters.com/index.php/Greenfield_Investment"

Which of the following statements holds true for a tax haven?

What are the hidden costs of outsourcing?

In global sourcing, ocean transport has a higher carbon footprint compared to transporting goods by air and truck.

A _____ typically prepares the documentation, suggests shipping methods, navigates trade regulations, and assists with details like packing and labeling.

Which of the following statements holds true for the ISO 9001:2008 certification?

Which of the following statements holds true for export declaration?

_____ refers to an organization that helps U.S.businesses invest overseas, particularly in developing countries, by providing direct loans and loan guarantees to projects that meet its guidelines.

The _____ is the contract between the exporter and the carrier, authorizing the carrier to transport the goods to the buyer's destination.

This document is given to customs and port authorities during export transaction and the information in the document is used to compile statistics about exports from the country.This document is known as the _____.

Which of the following is the priority mission of the US Bureau of Customs and Border Protection (CBP)?

Multinational companies may purchase a local supplier to directly control the supply of raw materials.This is known as:

_____ is the document by which the exporter tells the importer to pay a specified amount at a specified time.

Due to national security or product scarcity, some governments require that organizations need to acquire a(n)_____, which refers to the permission to export goods.

Most companies consider licensing to be a low-risk market-entry option because there is typically no upfront investment.

The _____ created a framework that calls for cooperation between the customs administrations of different countries.

_____ refers to a contract that specifies the performance standards that an outsourcer must meet to ensure quality and performance when outsourcing services.

_____ functions like a credit card, but instead of funding the card through cash in a bank account, a company funds the card with its own goods and services.

Import duties are lower for countries that are designated as a "most favored nation."

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