Question 1

_____ is defined as the sale of products and services in foreign countries that are sourced or made in 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 2

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 3

SBA's _____ loan program funds small businesses to pay for any activity that will increase exports.

Accepted Answer

The answer of SBA's _____ loan program funds small businesses...

Question 4

_____ refers to a contractual, strategic partnership between two or more separate business entities to pursue a business opportunity together.

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 5

Which of the following statements holds true for insurance certificates?

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 declares the country from which the product originates. 
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 being transported. 
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 declares the country from which the product originates. 
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 being transported.

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

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 8

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

Accepted Answer

One reason that companies engage in this

Question 9

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 10

_____ 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

Question 11

Entrepreneurs benefit from outsourcing because they can acquire services as needed, without having to build those capabilities internally.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following statements holds true for cash in advance?

Accepted Answer

A)  It is an arrangement in which the exporter ships the goods and then bills the importer. 
B)  It is an arrangement in which an exporter is paid immediately on receipt of the bill of exchange. 
C)  It is an arrangement in which an exporter sells a time draft at a discount to an intermediary that will pay the exporter immediately and then collect the full amount from the importer at the later date. 
D)  It is an arrangement in which the exporter is paid exactly one year after the delivery has been made to the importer. 
E)  It is an arrangement in which the exporter requires payment from the importer before shipping the goods. 
A)  It is an arrangement in which the exporter ships the goods and then bills the importer. 
B)  It is an arrangement in which an exporter is paid immediately on receipt of the bill of exchange. 
C)  It is an arrangement in which an exporter sells a time draft at a discount to an intermediary that will pay the exporter immediately and then collect the full amount from the importer at the later date. 
D)  It is an arrangement in which the exporter is paid exactly one year after the delivery has been made to the importer. 
E)  It is an arrangement in which the exporter requires payment from the importer before shipping the goods.

Question 13

Which of the following statements holds true for contract manufacturing?

Accepted Answer

A)  It refers to the issue of tenders leading to the awarding of contracts to manufacturing companies. 
B)  It refers to the insourcing of manufacturing activities of an organization. 
C)  It refers to the outsourcing of manufacturing activities of an organization. 
D)  It refers to the laying down of special contract agreements by governments to attract manufacturing companies. 
E)  It refers to the social contract between the community and a manufacturing organization on environmental issues. 
A)  It refers to the issue of tenders leading to the awarding of contracts to manufacturing companies. 
B)  It refers to the insourcing of manufacturing activities of an organization. 
C)  It refers to the outsourcing of manufacturing activities of an organization. 
D)  It refers to the laying down of special contract agreements by governments to attract manufacturing companies. 
E)  It refers to the social contract between the community and a manufacturing organization on environmental issues.

Question 14

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 15

_____ 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 16

Under a licensing agreement, the licenser is normally paid a royalty on each unit produced and sold.

Accepted Answer

A) True 
 B)False

Question 17

_____ refers to an organization that helps U.S. exporters who have found a buyer, yet the buyer is unable to get financing for the purchase in his own country.

Accepted Answer

A)  Bank of America Merrill Lynch 
B)  Export-Import Bank of the United States 
C)  Wells Fargo Securities 
D)  Handelsbanken Capital Markets 
E)  Overseas Private Investment Corporation 
A)  Bank of America Merrill Lynch 
B)  Export-Import Bank of the United States 
C)  Wells Fargo Securities 
D)  Handelsbanken Capital Markets 
E)  Overseas Private Investment Corporation

Question 18

Letters of credit are trusted forms of payment in international trade because the bank promises to make the payment on behalf of the importer.

Accepted Answer

A) True 
 B)False

Question 19

Customs administration offices in both the home country and the country to which the item is being exported are involved in the transaction of goods.

Accepted Answer

A) True 
 B)False

Question 20

What are the constituents of service-level agreements?

Accepted Answer

The following are the constituents of se

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

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

SBA's _____ loan program funds small businesses to pay for any activity that will increase exports.

_____ refers to a contractual, strategic partnership between two or more separate business entities to pursue a business opportunity together.

Which of the following statements holds true for insurance certificates?

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

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

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

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

_____ 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.

Entrepreneurs benefit from outsourcing because they can acquire services as needed, without having to build those capabilities internally.

Which of the following statements holds true for cash in advance?

Which of the following statements holds true for contract manufacturing?

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

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

Under a licensing agreement, the licenser is normally paid a royalty on each unit produced and sold.

_____ refers to an organization that helps U.S. exporters who have found a buyer, yet the buyer is unable to get financing for the purchase in his own country.

Letters of credit are trusted forms of payment in international trade because the bank promises to make the payment on behalf of the importer.

Customs administration offices in both the home country and the country to which the item is being exported are involved in the transaction of goods.

What are the constituents of service-level agreements?

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

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

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

SBA's _____ loan program funds small businesses to pay for any activity that will increase exports.

_____ refers to a contractual, strategic partnership between two or more separate business entities to pursue a business opportunity together.

Which of the following statements holds true for insurance certificates?

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

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

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

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

_____ 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.

Entrepreneurs benefit from outsourcing because they can acquire services as needed, without having to build those capabilities internally.

Which of the following statements holds true for cash in advance?

Which of the following statements holds true for contract manufacturing?

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

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

Under a licensing agreement, the licenser is normally paid a royalty on each unit produced and sold.

_____ refers to an organization that helps U.S. exporters who have found a buyer, yet the buyer is unable to get financing for the purchase in his own country.

Letters of credit are trusted forms of payment in international trade because the bank promises to make the payment on behalf of the importer.

Customs administration offices in both the home country and the country to which the item is being exported are involved in the transaction of goods.

What are the constituents of service-level agreements?

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