Exam 8: Importing, Exporting, and Sourcing

Research has shown that exporting is essentially a developmental process that proceeds in different stages. Before a firm reaches stage 4, it must do which one of the following activities?

Which of the following is not true about a personal visit to size up the market firsthand and begin the development of an actual export-marketing program?

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

The export marketer takes the domestic product "as is" and sells it to international customers.

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

Sweden applies a system to certain categories of imported agricultural products referred to as:

The MEA can act as an export distributor or as an export commission representative. However, the MEA does not perform the functions of an export department, and the scope of market activities is usually limited to a few countries.

Representatives of the apparel, footwear, furniture, and textile industries in many countries are deeply concerned about the impact that increased trade with ________ will have on these sectors.

In the post-September 11 business environment in the United States, imports have come under increased security. One of the initiatives taken in the interest of national security is:

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

In an export/import transaction requiring a letter of credit (L/C), the exporter's (seller's)bank can be known as the "advising" bank, the "confirming" bank, or both.

In his 2010 State of the Union address, U.S. President Barack Obama vowed to double U.S. exports by 2015. To this end, President Barack Obama created a National Export Initiative and established the President's Export Council. What is meant by export marketing and export selling?

Agricultural subsidies are particularly controversial because, although they protect the interests of farmers in some countries, they work to the detriment of farmers in countries such as:

Which set of documents generally represents the minimum documentation required to clear a shipment through customs?

China has imposed tariffs as high as 28% on foreign-made auto parts.

Representatives of the apparel, footwear, and textile industries in many countries are deeply concerned about the impact that increased trade with China will have on these sectors.

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

The United States has given Normal Trade Relations (NTR)status to some 180 countries. In actuality only four countries are excluded from this status which includes all of the following countries except:

Which of the following documents represents title to goods in an export transaction?

After the aftermath of the tragedy involving fire in garment factories in Bangladesh, it was found that the buildings were inspected by: