Exam 16: Exporting, Importing, and Countertrade

Which of the following terms refers to the use of a specialized third-party trading house in a countertrade arrangement?

Firms commonly employ ________ as a third party in international transactions.

The Small Business Administration organizes trade events that help potential exporters make foreign contacts and explore export opportunities, held in major cities worldwide.

Which of the following statements is true about the Small Business Administration (SBA)? 

U.S. organizations can get financing aid from the Export-Import Bank.

________ is viewed as the most restrictive countertrade arrangement and is primarily used for onetime-only deals in transactions with trading partners who are not creditworthy or trustworthy.

The ________ is issued to the exporter by the common carrier transporting the merchandise.

________ denotes a range of barter-like agreements and its principle is to trade goods and services for other goods and services when they cannot be traded for money.

________ can help new exporters identify opportunities and avoid common pitfalls.

In the ________ program organized by the U.S. Department of Commerce, department representatives accompany groups of U.S. businesspeople abroad to meet with qualified agents, distributors, and customers.

As a receipt, the bill of lading indicates that the carrier

An importer obtains a ________ from a local bank in a typical international transaction.

________ occurs when a firm supplies technology, equipment, training, or other services in a country and agrees to take a certain percentage of the resultant output as partial payment for the contract.

What is a disadvantage of countertrade?

A ____ is the instrument normally used in international commerce to effect payment.

Countertrade is

Describe the information sources that are available to American companies to learn about export opportunities.

The bank promises to pay on behalf of the importer when a bank is used as a third party in international transactions.

________ is viewed as the most restrictive countertrade arrangement.

In a typical international trade transaction, the