Exam 8: Importing,Exporting,and Sourcing

The Common Agricultural Policy (CAP)determines the level of subsidies granted to farmers in Latin America.

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

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

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

For every one yen increase relative to the American dollar,Canon's operating income declines by 6 billion yen.

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

Recently "Call Centers" have mushroomed in countries like India,China,and Philippines due to the outsourcing by many Western countries.What are the benefits and disadvantages to this method of sourcing? What factors should be taken into account when deciding to outsource?

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

Which of the following types of duties would be imposed on a company whose home-country government provided export subsidies?

It was found by research that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements,payment procedures,and regulations.

Representatives of the apparel,footwear,and textile industries in many countries are deeply concerned about the impact increased trade with China 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 sale of merchandise in export markets at unfair prices is known as:

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?

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

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

Why does the tariff system vary from country to country? Explain,giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs.What are the conditions under which GATT allows the use of preferential tariffs?

An executive is undecided whether to rely on in-house or external export specialists/intermediaries in the home country.He is leaning towards direct representation in a market.What are the benefits of going forth with direct representation?

The organizational decision to purchase production inputs,components,or finished goods from domestic or foreign producers is known as the ________ decision.

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