Exam 8: Importing, Exporting, and Sourcing

Direct representation, as opposed to representation by independent intermediaries for exporting in the market country, has several advantages which do not include:

(Multiple Choice)

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Question 21

What are some of the entities that an exporter should be familiar with? Describe and explain the role played by each of these entities, separating those that have responsibilities from exporters from those that have no responsibilities from the exporters.

(Essay)

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Question 22

In an effort to facilitate exports, countries are designating certain areas as "free trade zones" (FTZ)or "special economic zones" (SEZ).

(True/False)

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Question 23

________ are licensed specialists in traffic operations, customs clearance, and shipping tariffs and schedules.They can be considered as the travel agents for handling export goods.

(Multiple Choice)

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Question 24

Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?

(Multiple Choice)

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Question 25

It was found by research that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements, payment procedures, and regulations.

(True/False)

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Question 26

The four tigers-Singapore, South Korea, Taiwan and Hong Kong-learned from the Japanese experience and built strong export-based economies of their own.

(True/False)

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Question 27

Which of the following establishes classification numbers that must be used by importers and exporters?

(Multiple Choice)

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Question 28

Under the HTS, only U.S.exports valued at more than $2,500 are counted in export statistics.

(True/False)

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Question 29

Recently "Call Centers" have mushroomed in countries like India, China, and Philippines due to the outsourcing by many Western countries.What are the benefits and disadvantages to this method of sourcing? What factors should be taken into account when deciding to outsource?

(Essay)

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Question 30

The possible arrangements of the responsibilities for handling exports include all of the following except:

(Multiple Choice)

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Question 31

A nontariff barrier (NTB)is a hidden trade barrier which is a deterrent or obstacle to the sale of products in a foreign market.

(True/False)

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Question 32

The Harmonized Tariff System (HTS)is currently the dominant system for determining tariffs.

(True/False)

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Question 33

An ad valorem duty is expressed as a percentage of the value of goods.

(True/False)

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Question 34

Potential export problems include packaging, government red tape, warehousing, advertising, and trade restrictions.

(True/False)

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Question 35

A number of explanations have been offered for the low level of U.S.exports relative to other countries.All of the following can be considered as reasons for low level of exports except:

(Multiple Choice)

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Question 36

The Harmonized Tariff System (HTS)has eliminated virtually all problems associated with assigning tariff classifications to new products.

(True/False)

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Question 37

Why does the tariff system vary from country to country? Explain, giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs.What are the conditions under which GATT allows the use of preferential tariffs?

(Essay)

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Question 38

Outsourcing means shifting undesirable jobs or work assignments to another company to cut costs.When the outsourced work moves to another country, the terms "global outsourcing" or "offshoring" are used.

(True/False)

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Question 39

According to percent market share of top ten apparel exporting countries to the United States, which country ranked as number one in 2010?

(Multiple Choice)

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Question 40

Showing 21 - 40 of 90

Direct representation, as opposed to representation by independent intermediaries for exporting in the market country, has several advantages which do not include:

What are some of the entities that an exporter should be familiar with? Describe and explain the role played by each of these entities, separating those that have responsibilities from exporters from those that have no responsibilities from the exporters.

In an effort to facilitate exports, countries are designating certain areas as "free trade zones" (FTZ)or "special economic zones" (SEZ).

________ are licensed specialists in traffic operations, customs clearance, and shipping tariffs and schedules.They can be considered as the travel agents for handling export goods.

Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?

It was found by research that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements, payment procedures, and regulations.

The four tigers-Singapore, South Korea, Taiwan and Hong Kong-learned from the Japanese experience and built strong export-based economies of their own.

Which of the following establishes classification numbers that must be used by importers and exporters?

Under the HTS, only U.S.exports valued at more than $2,500 are counted in export statistics.

Recently "Call Centers" have mushroomed in countries like India, China, and Philippines due to the outsourcing by many Western countries.What are the benefits and disadvantages to this method of sourcing? What factors should be taken into account when deciding to outsource?

The possible arrangements of the responsibilities for handling exports include all of the following except:

A nontariff barrier (NTB)is a hidden trade barrier which is a deterrent or obstacle to the sale of products in a foreign market.

The Harmonized Tariff System (HTS)is currently the dominant system for determining tariffs.

An ad valorem duty is expressed as a percentage of the value of goods.

Potential export problems include packaging, government red tape, warehousing, advertising, and trade restrictions.

A number of explanations have been offered for the low level of U.S.exports relative to other countries.All of the following can be considered as reasons for low level of exports except:

The Harmonized Tariff System (HTS)has eliminated virtually all problems associated with assigning tariff classifications to new products.

Why does the tariff system vary from country to country? Explain, giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs.What are the conditions under which GATT allows the use of preferential tariffs?

Outsourcing means shifting undesirable jobs or work assignments to another company to cut costs.When the outsourced work moves to another country, the terms "global outsourcing" or "offshoring" are used.

According to percent market share of top ten apparel exporting countries to the United States, which country ranked as number one in 2010?

Introduction to Global Marketing

The Global Economic Environment

Regional Market Characteristics and Preferential Trade Agreements

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

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