Question 1

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

Accepted Answer

A) Chinese 
B) Indian 
C) German 
D) American 
E) Japanese 
A) Chinese 
B) Indian 
C) German 
D) American 
E) Japanese

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) as a part-time activity performed by domestic employees. 
B) through an export partner affiliated with the domestic marketing structure. 
C) through an export department within an international division. 
D) through an export department that is independent of the domestic marketing structure. 
E) through an export department of an embassy in a foreign country. 
A) as a part-time activity performed by domestic employees. 
B) through an export partner affiliated with the domestic marketing structure. 
C) through an export department within an international division. 
D) through an export department that is independent of the domestic marketing structure. 
E) through an export department of an embassy in a foreign country.

Question 4

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

Accepted Answer

A) specific duty. 
B) ad valorem duty. 
C) BTN duty. 
D) "schedule B" duty. 
E) antidumping duty. 
A) specific duty. 
B) ad valorem duty. 
C) BTN duty. 
D) "schedule B" duty. 
E) antidumping duty.

Question 5

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

Accepted Answer

A) The exporter's bank is the advising and/or confirming bank 
B) The importer's bank is the advising and/or confirming bank. 
C) The importer's bank is the advising, confirming, and issuing bank. 
D) The exporter's bank is the advising, confirming, and issuing bank. 
E) The importer's bank is neither advising nor confirming bank. 
A) The exporter's bank is the advising and/or confirming bank 
B) The importer's bank is the advising and/or confirming bank. 
C) The importer's bank is the advising, confirming, and issuing bank. 
D) The exporter's bank is the advising, confirming, and issuing bank. 
E) The importer's bank is neither advising nor confirming bank.

Question 6

Research discovered that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements, payment procedures, and regulations.

Accepted Answer

A) True 
 B)False

Question 7

Duty drawback refers to refunds of duties paid on imports that are processed or incorporated into other goods and then re-exported.

Accepted Answer

A) True 
 B)False

Question 8

In which of the following forms of export financing does a bank assume a financial obligation?

Accepted Answer

A) with an L/C but not a documentary collection 
B) with a documentary collection but not an L/C 
C) neither an L/C nor a documentary collection requires a bank to assume financial obligation 
D) with either an L/C or a collection letter 
E) with both an L/C and a documentary collection 
A) with an L/C but not a documentary collection 
B) with a documentary collection but not an L/C 
C) neither an L/C nor a documentary collection requires a bank to assume financial obligation 
D) with either an L/C or a collection letter 
E) with both an L/C and a documentary collection

Question 9

Which of the following financing methods would be used by an exporter that enjoys good relations with a buyer in a well-established market?

Accepted Answer

A) letter of credit 
B) cash in advance 
C) sales on open account 
D) barter 
E) arrival draft 
A) letter of credit 
B) cash in advance 
C) sales on open account 
D) barter 
E) arrival draft

Question 10

A nontariff barrier (NTB)includes all of the following except:

Accepted Answer

A) quotas. 
B) discriminatory procurement policies. 
C) restrictive administrative policies. 
D) restrictive technical regulations. 
E) ad valorem duty. 
A) quotas. 
B) discriminatory procurement policies. 
C) restrictive administrative policies. 
D) restrictive technical regulations. 
E) ad valorem duty.

Question 11

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

Accepted Answer

A) documentary credit (letter of credit) 
B) documentary collection 
C) cash in advance 
D) sales on open account 
E) bank draft 
A) documentary credit (letter of credit) 
B) documentary collection 
C) cash in advance 
D) sales on open account 
E) bank draft

Question 12

________ is an independent marketing intermediary that acts as the export department for two or more manufacturers whose product lines do not compete with each other.

Accepted Answer

A) Manufacturer's export agent 
B) Export commission representative 
C) Export merchant 
D) Export management company 
E) Cooperative exporter 
A) Manufacturer's export agent 
B) Export commission representative 
C) Export merchant 
D) Export management company 
E) Cooperative exporter

Question 13

Volkswagen's business environment includes a significant wage differential between Mexico and Germany.

Accepted Answer

A) True 
 B)False

Question 14

After the aftermath of the tragedy involving fire in garment factories in Bangladesh, Walmart implemented a "zero-tolerance policy." The Workers Rights Consortium, the International Labor Organization and other groups monitoring labor issues are stepping up pressure on companies that participate in the global garment supply chain due to the following reasons, except:

Accepted Answer

A) retailers pay lip service to concerns about factory safety. 
B) retailers continue to focus on low prices. 
C) those auditing facilities are audited by BSCI's qualified engineers. 
D) the buyers and consumer are willing to pay more for garments. 
E) retailers do not provide funds for fire safety training. 
A) retailers pay lip service to concerns about factory safety. 
B) retailers continue to focus on low prices. 
C) those auditing facilities are audited by BSCI's qualified engineers. 
D) the buyers and consumer are willing to pay more for garments. 
E) retailers do not provide funds for fire safety training.

Question 15

In the last stage of the developmental process for exporting, a firm evaluates global market potential before screening for the "best" target markets to include in its marketing strategy and plan.

Accepted Answer

A) True 
 B)False

Question 16

A company that assigns a sufficiently high priority to its export business will establish an in-house organization. It then faces the question of how to organize it effectively.

Accepted Answer

A) True 
 B)False

Question 17

The chief executives of Swiss Swatch Group and Japanese Canon would like to:

Accepted Answer

A) outsource all of the manufacturing units overseas in order to save money. 
B) outsource a majority of the manufacturing functions overseas. 
C) retain a majority, if not all, of the manufacturing in their home country. 
D) establish "call centers" in developing countries in order to save labor costs. 
E) outsource a full line of new products only. 
A) outsource all of the manufacturing units overseas in order to save money. 
B) outsource a majority of the manufacturing functions overseas. 
C) retain a majority, if not all, of the manufacturing in their home country. 
D) establish "call centers" in developing countries in order to save labor costs. 
E) outsource a full line of new products only.

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Governments in Japan, Singapore, South Korea, and China have supported exports for years which have tremendously helped their economies. Since exporting is a very important component of a country's business strategy, many government programs are offered that support exports. Describe ways by which governments can support exports.

Accepted Answer

Countries benefit a lot based on their f

Question 20

Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction?

Accepted Answer

A) documentary credit (letter of credit) 
B) documentary collection 
C) cash in advance 
D) sales on open account 
E) draft 
A) documentary credit (letter of credit) 
B) documentary collection 
C) cash in advance 
D) sales on open account 
E) draft

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

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

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

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

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

Research discovered that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements, payment procedures, and regulations.

Duty drawback refers to refunds of duties paid on imports that are processed or incorporated into other goods and then re-exported.

In which of the following forms of export financing does a bank assume a financial obligation?

Which of the following financing methods would be used by an exporter that enjoys good relations with a buyer in a well-established market?

A nontariff barrier (NTB)includes all of the following except:

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

________ is an independent marketing intermediary that acts as the export department for two or more manufacturers whose product lines do not compete with each other.

Volkswagen's business environment includes a significant wage differential between Mexico and Germany.

In the last stage of the developmental process for exporting, a firm evaluates global market potential before screening for the "best" target markets to include in its marketing strategy and plan.

A company that assigns a sufficiently high priority to its export business will establish an in-house organization. It then faces the question of how to organize it effectively.

The chief executives of Swiss Swatch Group and Japanese Canon would like to:

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

Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction?

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

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 2: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantag

Leadership, Organization, and Corporate Social Responsibility

Filters

Exam 8: Importing, Exporting, and Sourcing

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

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

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

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

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

Research discovered that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements, payment procedures, and regulations.

Duty drawback refers to refunds of duties paid on imports that are processed or incorporated into other goods and then re-exported.

In which of the following forms of export financing does a bank assume a financial obligation?

Which of the following financing methods would be used by an exporter that enjoys good relations with a buyer in a well-established market?

A nontariff barrier (NTB)includes all of the following except:

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

________ is an independent marketing intermediary that acts as the export department for two or more manufacturers whose product lines do not compete with each other.

Volkswagen's business environment includes a significant wage differential between Mexico and Germany.

In the last stage of the developmental process for exporting, a firm evaluates global market potential before screening for the "best" target markets to include in its marketing strategy and plan.

A company that assigns a sufficiently high priority to its export business will establish an in-house organization. It then faces the question of how to organize it effectively.

The chief executives of Swiss Swatch Group and Japanese Canon would like to:

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

Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction?

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

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 2: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantag

Leadership, Organization, and Corporate Social Responsibility

Filters