Question 1

The exporter endorses the ________ so title to the goods is transferred to the bank.

Accepted Answer

A)  bill of lading 
B)  letter of credit 
C)  draft 
D)  promissory note 
A)  bill of lading 
B)  letter of credit 
C)  draft 
D)  promissory note

Question 2

Barter is a reciprocal buying agreement that occurs when a firm agrees to purchase a certain amount of materials back from a country to which a sale is made.

Accepted Answer

A) True 
 B)False

Question 3

Ex-Im Bank has a direct lending operation under which it lends dollars to foreign borrowers.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is a major drawback of engaging in countertrade?

Accepted Answer

A)  Countertrade is not useful when trading with developing nations. 
B)  Financing is difficult when engaging in a countertrade. 
C)  It is not attractive to small organizations. 
D)  Countertrade may involve the exchange of unusable goods. 
A)  Countertrade is not useful when trading with developing nations. 
B)  Financing is difficult when engaging in a countertrade. 
C)  It is not attractive to small organizations. 
D)  Countertrade may involve the exchange of unusable goods.

Question 5

Japan's great trading houses are called

Accepted Answer

A)  Nikei. 
B)  sogo shosha. 
C)  Yen houses. 
D)  Samurai houses. 
A)  Nikei. 
B)  sogo shosha. 
C)  Yen houses. 
D)  Samurai houses.

Question 6

Exporters often face voluminous paperwork and complex formalities.

Accepted Answer

A) True 
 B)False

The exporter endorses the ________ so title to the goods is transferred to the bank.

Barter is a reciprocal buying agreement that occurs when a firm agrees to purchase a certain amount of materials back from a country to which a sale is made.

Ex-Im Bank has a direct lending operation under which it lends dollars to foreign borrowers.

Which of the following is a major drawback of engaging in countertrade?

Japan's great trading houses are called

Exporters often face voluminous paperwork and complex formalities.

Globalization

National Differences in Political, Economic, and Legal Systems

National Differences in Economic Development

Differences in Culture

Ethics, Corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Global Production and Supply Chain Management

Global Marketing and R&D

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 16: Exporting, Importing, and Countertrade

The exporter endorses the ________ so title to the goods is transferred to the bank.

Barter is a reciprocal buying agreement that occurs when a firm agrees to purchase a certain amount of materials back from a country to which a sale is made.

Ex-Im Bank has a direct lending operation under which it lends dollars to foreign borrowers.

Which of the following is a major drawback of engaging in countertrade?

Japan's great trading houses are called

Exporters often face voluminous paperwork and complex formalities.

Globalization

National Differences in Political, Economic, and Legal Systems

National Differences in Economic Development

Differences in Culture

Ethics, Corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Global Production and Supply Chain Management

Global Marketing and R&D

Global Human Resource Management

Accounting and Finance in the International Business

Filters