Question 1

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

Accepted Answer

A) quotas 
B) tariffs 
C) NTBs 
D) NTR 
E) duties 
A) quotas 
B) tariffs 
C) NTBs 
D) NTR 
E) duties

Question 2

The so-called "China Triangle" includes:

Accepted Answer

A) Hong Kong, Republic of China, and Singapore 
B) Republic of China, Taiwan, and Hong Kong 
C) Republic of China, Taiwan, and South Korea 
D) Taiwan, Hong Kong, and Republic of China 
E) Singapore, China, and Republic of China 
A) Hong Kong, Republic of China, and Singapore 
B) Republic of China, Taiwan, and Hong Kong 
C) Republic of China, Taiwan, and South Korea 
D) Taiwan, Hong Kong, and Republic of China 
E) Singapore, China, and Republic of China

Question 3

Overall, Italy's retail sector has pursued very little international expansion; by contrast, other European supermarket chains such as Tesco (UK), Metro (Germany), and Carrefour (France)took local products and brands with them as they expanded around the globe.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) CVD 
B) FSC 
C) CAP 
D) HTS 
E) NTR 
A) CVD 
B) FSC 
C) CAP 
D) HTS 
E) NTR

Question 5

According to President Obama, "The more American companies export, the more they produce. And the more they produce, the more people they hire-and that means more jobs."

Accepted Answer

A) True 
 B)False

Question 6

The Fly American Act is an example of a nontariff barrier.

Accepted Answer

A) True 
 B)False

Question 7

________ 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.

Accepted Answer

A) Foreign purchasing agents 
B) Export brokers 
C) Export merchants 
D) Freight forwarders 
E) Cooperative exporters 
A) Foreign purchasing agents 
B) Export brokers 
C) Export merchants 
D) Freight forwarders 
E) Cooperative exporters

Question 8

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?

Accepted Answer

A) sales on open account→cash in advance→documentary credit (L/
C) →documentary collection (draft) 
B) documentary credit (L/ 
C) documentary collection (draft)→documentary credit (L/
C) →cash in advance→sales on open account 
D) cash in advance→documentary credit (L/
C) →documentary collection (draft)→sales on open account 
E) none of the above 
A) sales on open account→cash in advance→documentary credit (L/
C) →documentary collection (draft) 
B) documentary credit (L/ 
C) documentary collection (draft)→documentary credit (L/
C) →cash in advance→sales on open account 
D) cash in advance→documentary credit (L/
C) →documentary collection (draft)→sales on open account 
E) none of the above

Question 9

________ is the most important aspect of a company's international orientation.

Accepted Answer

A) Experience 
B) Commitment 
C) Dynamism 
D) Confidence 
A) Experience 
B) Commitment 
C) Dynamism 
D) Confidence

Question 10

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

Accepted Answer

A) facilitates control and communications. 
B) allows decisions concerning program development and resource allocation. 
C) benefits when a product is not yet established in a market. 
D) ensures marketer's interest and special efforts. 
E) helps selling products directly to the consumer in the market country. 
A) facilitates control and communications. 
B) allows decisions concerning program development and resource allocation. 
C) benefits when a product is not yet established in a market. 
D) ensures marketer's interest and special efforts. 
E) helps selling products directly to the consumer in the market country.

Question 11

Tariffs can be thought of as the "three R's" of global business: rules, rigor, and regulations of individual countries.

Accepted Answer

A) True 
 B)False

Question 12

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:

Accepted Answer

A) buying different currencies before major fluctuations take place. 
B) conducting transactions in different currencies of the world. 
C) shifting production among different sites. 
D) cutting down production and waiting until the currency rate is reasonable. 
E) reducing production and labor force simultaneously. 
A) buying different currencies before major fluctuations take place. 
B) conducting transactions in different currencies of the world. 
C) shifting production among different sites. 
D) cutting down production and waiting until the currency rate is reasonable. 
E) reducing production and labor force simultaneously.

Question 13

Restrictive administrative and technical regulations can create barriers to trade which may take all of the following forms except:

Accepted Answer

A) antidumping regulations. 
B) product size regulations. 
C) safety and health regulations. 
D) common agricultural policies. 
E) safety and pollution regulations. 
A) antidumping regulations. 
B) product size regulations. 
C) safety and health regulations. 
D) common agricultural policies. 
E) safety and pollution regulations.

Question 14

________ are variously referred to as buyer for export, export commission house, or export confirming house.

Accepted Answer

A) Export brokers 
B) Export merchants 
C) Foreign purchasing agents 
D) Export managers 
E) Manufacturer's agents 
A) Export brokers 
B) Export merchants 
C) Foreign purchasing agents 
D) Export managers 
E) Manufacturer's agents

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

The so-called "China Triangle" includes:

Overall, Italy's retail sector has pursued very little international expansion; by contrast, other European supermarket chains such as Tesco (UK), Metro (Germany), and Carrefour (France)took local products and brands with them as they expanded around the globe.

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

According to President Obama, "The more American companies export, the more they produce. And the more they produce, the more people they hire-and that means more jobs."

The Fly American Act is an example of a nontariff barrier.

________ 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 arranges export financing payment methods in descending order starting with the most secure/reliable and ending with the least secure/reliable?

________ is the most important aspect of a company's international orientation.

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

Tariffs can be thought of as the "three R's" of global business: rules, rigor, and regulations of individual countries.

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:

Restrictive administrative and technical regulations can create barriers to trade which may take all of the following forms except:

________ are variously referred to as buyer for export, export commission house, or export confirming house.

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

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

The so-called "China Triangle" includes:

Overall, Italy's retail sector has pursued very little international expansion; by contrast, other European supermarket chains such as Tesco (UK), Metro (Germany), and Carrefour (France)took local products and brands with them as they expanded around the globe.

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

According to President Obama, "The more American companies export, the more they produce. And the more they produce, the more people they hire-and that means more jobs."

The Fly American Act is an example of a nontariff barrier.

________ 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 arranges export financing payment methods in descending order starting with the most secure/reliable and ending with the least secure/reliable?

________ is the most important aspect of a company's international orientation.

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

Tariffs can be thought of as the "three R's" of global business: rules, rigor, and regulations of individual countries.

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:

Restrictive administrative and technical regulations can create barriers to trade which may take all of the following forms except:

________ are variously referred to as buyer for export, export commission house, or export confirming house.

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