Question 1

Which of the following is a contractual mode of entry into a foreign market?

Accepted Answer

A)  Greenfield ventures 
B)  Licensing 
C)  Joint ventures 
D)  Acquisition 
E)  Merger 
A)  Greenfield ventures 
B)  Licensing 
C)  Joint ventures 
D)  Acquisition 
E)  Merger B

Question 2

What is the Japan External Trade Organization (JETRO)?

Accepted Answer

The Japan External Trade Organization (JETRO) was originally established in the 1950s to help the war-torn Japanese economy by promoting export of Japanese products to other countries. By the 1980s, JETRO's mission reversed

Question 3

Which of the following statements holds true for a nonentity joint venture?

Accepted Answer

A)  In a nonentity joint venture, the partner with the smaller capital investment loses control over the joint venture after a period of two months. 
B)  In a nonentity joint venture, each of the partners contributes capital and resources in exchange for an equity stake and share in any resulting profits. 
C)  In a nonentity joint venture, the control of the joint venture is in the hands of the party which makes the larger capital investment. 
D)  In a nonentity joint venture, there is no contribution of capital to form a new entity. 
E)  In a nonentity joint venture the benefit gained is in the form of collective profits rather than individual profits. 
A)  In a nonentity joint venture, the partner with the smaller capital investment loses control over the joint venture after a period of two months. 
B)  In a nonentity joint venture, each of the partners contributes capital and resources in exchange for an equity stake and share in any resulting profits. 
C)  In a nonentity joint venture, the control of the joint venture is in the hands of the party which makes the larger capital investment. 
D)  In a nonentity joint venture, there is no contribution of capital to form a new entity. 
E)  In a nonentity joint venture the benefit gained is in the form of collective profits rather than individual profits. D

Question 4

What is the draft or bill of exchange?

Accepted Answer

It is one of the three documents require

Question 5

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 6

What steps can companies take to manage the quality and consistency in the performance of the suppliers?

Accepted Answer

The companies can take the following ste

Question 7

_____ 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, under defined conditions without providing any other service or product.

Accepted Answer

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

Question 8

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 9

The _____ is a legal document issued by a bank at the importer's (or buyer's) request wherein the importer promises to pay a specified amount of money when the bank receives documents about the shipment.

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 10

_____ 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 11

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 12

Which of the following statements is true about ISO 14000 certification?

Accepted Answer

A)  It certifies that the company works to minimize the use of child labor in all its business establishments. 
B)  It certifies that the company works to ensure equal pay for all irrespective of the gender. 
C)  It certifies that the company works to minimize any harmful effects it may have on the environment. 
D)  It certifies that the company works to ensure the incorporation of the best anti-discrimination practices in its business establishments. 
E)  It certifies that the company works to minimize the use of unskilled labor in its business establishments. 
A)  It certifies that the company works to minimize the use of child labor in all its business establishments. 
B)  It certifies that the company works to ensure equal pay for all irrespective of the gender. 
C)  It certifies that the company works to minimize any harmful effects it may have on the environment. 
D)  It certifies that the company works to ensure the incorporation of the best anti-discrimination practices in its business establishments. 
E)  It certifies that the company works to minimize the use of unskilled labor in its business establishments.

Question 13

_____ 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 14

Global sourcing is defined as the sale of products and services in foreign countries that are sourced or made in the home country.

Accepted Answer

A) True 
 B)False

Question 15

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 16

What options does a firm have if it wants to have a direct operating presence in the foreign country, which is completely under its control?

Accepted Answer

If a firm wants to have a dire

Question 17

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

Accepted Answer

Equity joint ventures pose two important

Question 18

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 19

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 20

SBA's _____ program provides loans for businesses that can generate export sales but do not have the working capital to purchase inventory or to stay in business during the long payment cycles.

Accepted Answer

Export Wor

Which of the following is a contractual mode of entry into a foreign market?

What is the Japan External Trade Organization (JETRO)?

Which of the following statements holds true for a nonentity joint venture?

What is the draft or bill of exchange?

Guanxi refers to the:

What steps can companies take to manage the quality and consistency in the performance of the suppliers?

_____ 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, under defined conditions without providing any other service or product.

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

The _____ is a legal document issued by a bank at the importer's (or buyer's) request wherein the importer promises to pay a specified amount of money when the bank receives documents about the shipment.

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

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

Which of the following statements is true about ISO 14000 certification?

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

Global sourcing is defined as the sale of products and services in foreign countries that are sourced or made in the home country.

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

What options does a firm have if it wants to have a direct operating presence in the foreign country, which is completely under its control?

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

A carrier refers to the entity which:

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

SBA's _____ program provides loans for businesses that can generate export sales but do not have the working capital to purchase inventory or to stay in business during the long payment cycles.

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

Which of the following is a contractual mode of entry into a foreign market?

What is the Japan External Trade Organization (JETRO)?

Which of the following statements holds true for a nonentity joint venture?

What is the draft or bill of exchange?

Guanxi refers to the:

What steps can companies take to manage the quality and consistency in the performance of the suppliers?

_____ 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, under defined conditions without providing any other service or product.

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

The _____ is a legal document issued by a bank at the importer's (or buyer's) request wherein the importer promises to pay a specified amount of money when the bank receives documents about the shipment.

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

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

Which of the following statements is true about ISO 14000 certification?

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

Global sourcing is defined as the sale of products and services in foreign countries that are sourced or made in the home country.

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

What options does a firm have if it wants to have a direct operating presence in the foreign country, which is completely under its control?

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

A carrier refers to the entity which:

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

SBA's _____ program provides loans for businesses that can generate export sales but do not have the working capital to purchase inventory or to stay in business during the long payment cycles.

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