Question 1

What is a letter of credit?

Accepted Answer

The letter of credit is a legal document

Question 2

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 3

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 4

_____ refers to the measure of the impact that activities like transportation and manufacturing have on the environment, especially on climate change.

Accepted Answer

A)  Depensation 
B)  Coriolis Effect 
C)  Baldwin Effect 
D)  Carbon footprint 
E)  Commensalism 
A)  Depensation 
B)  Coriolis Effect 
C)  Baldwin Effect 
D)  Carbon footprint 
E)  Commensalism

Question 5

_____ are export intermediaries who represent a company in the foreign market.

Accepted Answer

The answer of _____ are export intermediaries who represent a...

Question 6

The customs invoice acts as proof that the shipment was made and that the goods have been received.

Accepted Answer

A) True 
 B)False

Question 7

_____ 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 8

The _____ refers to a written order for a certain amount of money to be transferred on a certain date from the person who owes the money or agrees to make the payment.

Accepted Answer

draft or b

Question 9

The _____ certification is a mark that a company's products and services have met quality standards and that the company has quality-management processes in place.

Accepted Answer

The answer of The _____ certification is a mark that...

Question 10

The carbon-footprint measure focuses on distance rather than looking at all the fossil fuels used in the manufacture of an item.

Accepted Answer

A) True 
 B)False

Question 11

_____ refers to an organization that assists foreign companies in exporting their products to Japan by providing free-market entry information and business-partner matching as well as some subsidies.

Accepted Answer

A)  Japan Bank for International Cooperation 
B)  Japan External Trade Organization 
C)  Development Bank of Japan 
D)  Master Trust Bank of Japan 
E)  Japan Post Bank Company 
A)  Japan Bank for International Cooperation 
B)  Japan External Trade Organization 
C)  Development Bank of Japan 
D)  Master Trust Bank of Japan 
E)  Japan Post Bank Company

Question 12

Which of the following statements holds true for the customs department?

Accepted Answer

A)  It refers to the governmental agency responsible for the transportation of goods from one country to another. 
B)  It refers to the governmental agency that establishes special economic zones for organizations willing to invest in the country. 
C)  It refers to the governmental agency that provides legal support to foreign institutional investors willing to invest in the country. 
D)  It refers to the governmental agency that monitors imports and collects import duties on goods coming into the country. 
E)  It refers to the governmental agency that provides financial assistance to multinational companies to set up business establishments in the country. 
A)  It refers to the governmental agency responsible for the transportation of goods from one country to another. 
B)  It refers to the governmental agency that establishes special economic zones for organizations willing to invest in the country. 
C)  It refers to the governmental agency that provides legal support to foreign institutional investors willing to invest in the country. 
D)  It refers to the governmental agency that monitors imports and collects import duties on goods coming into the country. 
E)  It refers to the governmental agency that provides financial assistance to multinational companies to set up business establishments in the country.

Question 13

In a(n) _____ joint venture, there is no contribution of capital to form a new entity.

Accepted Answer

The answer of In a(n) _____ joint venture, there is...

Question 14

A(n) _____ refers to a country that has very advantageous (low) corporate income taxes.

Accepted Answer

The answer of A(n) _____ refers to a country that...

Question 15

Countertrade also can mitigate the risk of price movements or currency-exchange-rate fluctuations.

Accepted Answer

A) True 
 B)False

Question 16

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 17

An export management company is a government organization that ensures sound development of a country's export trade through quality control and inspection.

Accepted Answer

A) True 
 B)False

Question 18

A commercial or customs invoice refers to the:

Accepted Answer

A)  contract between the exporter and the carrier, authorizing the carrier to transport the goods to the buyer's destination. 
B)  document containing the description of the items being shipped. 
C)  invoice that declares the country from which the product originates. 
D)  bill for the goods shipped from the exporter to the importer or buyer. 
E)  certificate showing the amount of coverage on the goods. 
A)  contract between the exporter and the carrier, authorizing the carrier to transport the goods to the buyer's destination. 
B)  document containing the description of the items being shipped. 
C)  invoice that declares the country from which the product originates. 
D)  bill for the goods shipped from the exporter to the importer or buyer. 
E)  certificate showing the amount of coverage on the goods.

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

Which of the following statements holds true for "countertrade"?

Accepted Answer

A)  It refers to a situation where companies are barred from engaging in sales in particular goods and services. 
B)  It refers to a situation where companies trade goods and services for other goods and services. 
C)  It refers to a situation where companies jointly sell goods and services with their competitors. 
D)  It refers to a situation where companies establish their monopoly in the sale of goods and services in a particular sector. 
E)  It refers to a situation where companies indulge in business espionage to counter the trade of their competitors. 
A)  It refers to a situation where companies are barred from engaging in sales in particular goods and services. 
B)  It refers to a situation where companies trade goods and services for other goods and services. 
C)  It refers to a situation where companies jointly sell goods and services with their competitors. 
D)  It refers to a situation where companies establish their monopoly in the sale of goods and services in a particular sector. 
E)  It refers to a situation where companies indulge in business espionage to counter the trade of their competitors.

What is a letter of credit?

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

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

_____ refers to the measure of the impact that activities like transportation and manufacturing have on the environment, especially on climate change.

_____ are export intermediaries who represent a company in the foreign market.

The customs invoice acts as proof that the shipment was made and that the goods have been received.

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

The _____ refers to a written order for a certain amount of money to be transferred on a certain date from the person who owes the money or agrees to make the payment.

The _____ certification is a mark that a company's products and services have met quality standards and that the company has quality-management processes in place.

The carbon-footprint measure focuses on distance rather than looking at all the fossil fuels used in the manufacture of an item.

_____ refers to an organization that assists foreign companies in exporting their products to Japan by providing free-market entry information and business-partner matching as well as some subsidies.

Which of the following statements holds true for the customs department?

In a(n) _____ joint venture, there is no contribution of capital to form a new entity.

A(n) _____ refers to a country that has very advantageous (low) corporate income taxes.

Countertrade also can mitigate the risk of price movements or currency-exchange-rate fluctuations.

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.

An export management company is a government organization that ensures sound development of a country's export trade through quality control and inspection.

A commercial or customs invoice refers to the:

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

Which of the following statements holds true for "countertrade"?

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 is a letter of credit?

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

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

_____ refers to the measure of the impact that activities like transportation and manufacturing have on the environment, especially on climate change.

_____ are export intermediaries who represent a company in the foreign market.

The customs invoice acts as proof that the shipment was made and that the goods have been received.

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

The _____ refers to a written order for a certain amount of money to be transferred on a certain date from the person who owes the money or agrees to make the payment.

The _____ certification is a mark that a company's products and services have met quality standards and that the company has quality-management processes in place.

The carbon-footprint measure focuses on distance rather than looking at all the fossil fuels used in the manufacture of an item.

_____ refers to an organization that assists foreign companies in exporting their products to Japan by providing free-market entry information and business-partner matching as well as some subsidies.

Which of the following statements holds true for the customs department?

In a(n) _____ joint venture, there is no contribution of capital to form a new entity.

A(n) _____ refers to a country that has very advantageous (low) corporate income taxes.

Countertrade also can mitigate the risk of price movements or currency-exchange-rate fluctuations.

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.

An export management company is a government organization that ensures sound development of a country's export trade through quality control and inspection.

A commercial or customs invoice refers to the:

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

Which of the following statements holds true for "countertrade"?

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