Question 1

Potential export problems include packaging,government red tape,warehousing,advertising,and trade restrictions.

Accepted Answer

A) True 
 B)False

Question 2

The Buy American Act of 1933,which stipulates that U.S.federal agencies must buy articles produced in the United States unless domestically produced goods are not available,is an example of discriminatory procurement policies.

Accepted Answer

A) True 
 B)False

Question 3

After the aftermath of the tragedy involving fire in garment factories in Bangladesh,it was found that the buildings were inspected by:

Accepted Answer

A)  Dhaka's building-safety authority. 
B)  Business Social Compliance Initiative (BSCI). 
C)  Walmart's approved contractors. 
D)  Worker Rights Consortium. 
E)  Interfaith Center for Corporate Responsibility. 
A)  Dhaka's building-safety authority. 
B)  Business Social Compliance Initiative (BSCI). 
C)  Walmart's approved contractors. 
D)  Worker Rights Consortium. 
E)  Interfaith Center for Corporate Responsibility.

Question 4

In an export/import transaction requiring a letter of credit (L/C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

Accepted Answer

A) True 
 B)False

Question 5

An ad valorem duty is expressed as a percentage of the value of goods.

Accepted Answer

A) True 
 B)False

Question 6

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 7

The terms "export selling" and "export marketing" are interchangeable.

Accepted Answer

A) True 
 B)False

Question 8

Officially,the EU tariffs on Chinese and Vietnamese shoe imports are known as:

Accepted Answer

A)  Countervailing duties. 
B)  Antidumping duties. 
C)  Specific duties. 
D)  Ad valorem duties. 
E)  Temporary surcharges. 
A)  Countervailing duties. 
B)  Antidumping duties. 
C)  Specific duties. 
D)  Ad valorem duties. 
E)  Temporary surcharges.

Question 9

What are customs duties? How do they work in controlling imported goods? Discuss in light of the different categories of customs duties.

Accepted Answer

There are two main categories of customs

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

The Harmonized Tariff System (HTS)has eliminated virtually all problems associated with assigning tariff classifications to new products.

Accepted Answer

A) True 
 B)False

Question 12

What are the differences between antidumping and countervailing duties? Under what conditions are these duties imposed?

Accepted Answer

Dumping essentially refers to the sale o

Question 13

Governmental actions that discourage imports and block market include all of the following except:

Accepted Answer

A)  tariffs. 
B)  free trade zones. 
C)  subsidies. 
D)  tax incentives. 
E)  duties. 
A)  tariffs. 
B)  free trade zones. 
C)  subsidies. 
D)  tax incentives. 
E)  duties.

Question 14

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 15

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

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

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

Question 17

Which of the following establishes classification numbers that must be used by importers and exporters?

Accepted Answer

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

Question 18

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 19

________ 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 20

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.

Potential export problems include packaging,government red tape,warehousing,advertising,and trade restrictions.

The Buy American Act of 1933,which stipulates that U.S.federal agencies must buy articles produced in the United States unless domestically produced goods are not available,is an example of discriminatory procurement policies.

After the aftermath of the tragedy involving fire in garment factories in Bangladesh,it was found that the buildings were inspected by:

In an export/import transaction requiring a letter of credit (L/C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

An ad valorem duty is expressed as a percentage of the value of goods.

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

The terms "export selling" and "export marketing" are interchangeable.

Officially,the EU tariffs on Chinese and Vietnamese shoe imports are known as:

What are customs duties? How do they work in controlling imported goods? Discuss in light of the different categories of customs duties.

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

The Harmonized Tariff System (HTS)has eliminated virtually all problems associated with assigning tariff classifications to new products.

What are the differences between antidumping and countervailing duties? Under what conditions are these duties imposed?

Governmental actions that discourage imports and block market include all of the following except:

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:

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

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

Which of the following establishes classification numbers that must be used by importers and exporters?

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

________ 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.

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

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 II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

Filters

Exam 8: Importing,Exporting,and Sourcing

Potential export problems include packaging,government red tape,warehousing,advertising,and trade restrictions.

The Buy American Act of 1933,which stipulates that U.S.federal agencies must buy articles produced in the United States unless domestically produced goods are not available,is an example of discriminatory procurement policies.

After the aftermath of the tragedy involving fire in garment factories in Bangladesh,it was found that the buildings were inspected by:

In an export/import transaction requiring a letter of credit (L/C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

An ad valorem duty is expressed as a percentage of the value of goods.

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

The terms "export selling" and "export marketing" are interchangeable.

Officially,the EU tariffs on Chinese and Vietnamese shoe imports are known as:

What are customs duties? How do they work in controlling imported goods? Discuss in light of the different categories of customs duties.

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

The Harmonized Tariff System (HTS)has eliminated virtually all problems associated with assigning tariff classifications to new products.

What are the differences between antidumping and countervailing duties? Under what conditions are these duties imposed?

Governmental actions that discourage imports and block market include all of the following except:

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:

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

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

Which of the following establishes classification numbers that must be used by importers and exporters?

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

________ 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.

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

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 II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

Filters