Exam 14: Exporting, Importing, and Countertrade

Which of the following is the most restrictive countertrade arrangement?

Once accepted by the drawee, a time draft becomes a(n):

German and Japanese firms are relatively more information-disadvantaged than U.S. firms.

A nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters is the:

Which of the following institutions within the U.S. Department of Commerce is dedicated to providing businesses with intelligence and assistance for attacking foreign markets?

Briefly describe the strategic steps that novice exporters can take to increase the probability of exporting successfully.

Due to the complexity and diversity of foreign markets, firms sometimes hesitate to seek export opportunities. These firms can best overcome ignorance by:

Which of the following is a disadvantage of barter as a countertrade arrangement?

How does the Small Business Administration (SBA) help potential exporters? D.C. Through its Service Corps of Retired Executives (SCORE) program, the SBA oversees some 11,500 volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. The SBA also coordinates the Export Legal Assistance Network (ELAN), a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters.

Financing aid that will facilitate exports, imports, and the exchange of commodities between the United States and other countries is provided by the:

Firms that do not export often:

The direct exchange of goods and/or services between two parties without a cash transaction is referred to as:

The Foreign Credit Insurance Association (FCIA) is an association of private commercial institutions operating under the guidance of the:

A buying agreement where the exporting country can fulfill the agreement with any firm in the country to which the sale is being made is called a(n):

Which of the following is true of medium-sized and small firms?

A bill of lading can function as collateral against which funds are advanced to the exporter by its local bank before final payment by the importer.

When serving as collateral, the bill of lading:

In international trade, an exporter wants to be paid before a consignment is shipped. Correspondingly, the importer wants to pay only upon receipt of the consignment. These conflicting preferences of the parties are a manifestation of:

Export credit insurance protects an exporter against the possibility of a foreign importer's default on payment when there is a lack of a letter of credit.

How does a lack of trust affect firms engaged in international trade? How can the problem be solved?