Exam 8: Importing, Exporting, and Sourcing

If the dollar, the yen, or the euro becomes seriously overvalued, a company with a production capacity in other locations can achieve competitive advantage by:

The Customs Trade Partnership Against Terrorism (C-TPAT)recognizes that U.S.Customs and Border Protection (CBP)is responsible for screening import cargo transactions.

Which of the following receives a fee for bringing together an exporter and a buyer in another country?

Which of the following arranges export financing payment methods in descending order starting with the most secure/reliable and ending with the least secure/reliable:

"Export selling" involves tailoring various elements of the marketing mix to global market requirements.

Which of the following refers to a system of farm subsidies in Europe?

A duty that represents a certain percentage of the value of a particular product is a(n):

Governmental actions at times are designed to discourage imports and block market access.Why do governments want to curtail imports? Explain some of the barriers that are placed to discourage imports.

Which of the following methods of financing would be used if the exporting and importing parties had a strong, long-standing relationship?

CVDs are duties imposed on imported videodiscs.

The Common Agricultural Policy (CAP)determines the level of subsidies granted to farmers in Latin America.

Foreign purchasing agents are also referred to as jobbers.

The international standard by which letters of credit (L/Cs)are interpreted is known as the ________ 500.

Which of the following offers a company the best assurance of being paid for exported goods?

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

Milan is widely regarded as the design capitol of the world.The year 2011 marked the 50th anniversary of the "Milan Furniture Fair," the world's largest furniture and home furnishings trade fair.

Officially, the EU tariffs on Chinese and Vietnamese shoe imports are known as ________.

What are the differences between antidumping and countervailing duties? Under what conditions are these duties imposed?

Which of the following is described as the three R's of global business: rules, rate schedules, and regulations?

According to a speech given by President Barack Obama, in many ways we can measure America's bottom line by looking at Caterpillar's bottom line.