Question 1

Countertrade is most attractive to:

Accepted Answer

A)  medium-sized exporters 
B)  large multinational enterprises 
C)  trading houses 
D)  commodities brokers 
E)  crown corporations 
A)  medium-sized exporters 
B)  large multinational enterprises 
C)  trading houses 
D)  commodities brokers 
E)  crown corporations

Question 2

Lack of trust in international trade is exacerbated by the distance between two parties in space,language,and culture.

Accepted Answer

A) True 
 B)False

Question 3

A reciprocal buying arrangement is known as what?

Accepted Answer

A)  a commercial invoice 
B)  counter purchase 
C)  offset 
D)  packing list 
E)  switch trading 
A)  a commercial invoice 
B)  counter purchase 
C)  offset 
D)  packing list 
E)  switch trading

Question 4

What is countertrade? Give an example of when it can be used.

Accepted Answer

Countertrade is an alternative means of

Question 5

Time drafts are negotiable instruments.

Accepted Answer

A) True 
 B)False

Question 6

How can Canadian firms increase their awareness of export opportunities? What agencies can be used? What do they provide?

Accepted Answer

Canadian firms can increase their awaren

Question 7

At the municipal and provincial level there can be the following services,except:

Accepted Answer

A)  local chambers of commerce 
B)  boards of trade 
C)  trade representation offices in other provinces 
D)  trade representation offices in other countries 
E)  trade financing 
A)  local chambers of commerce 
B)  boards of trade 
C)  trade representation offices in other provinces 
D)  trade representation offices in other countries 
E)  trade financing

Question 8

One reason more firms are not proactive about seeking export opportunities is that:

Accepted Answer

A)  they are very familiar with foreign market opportunities 
B)  they are intimidated by complexities and mechanics of exporting 
C)  there are too many opportunities available domestically 
D)  they have concluded foreign markets are not profitable 
E)  they do not have enough time to serve both the domestic and export markets 
A)  they are very familiar with foreign market opportunities 
B)  they are intimidated by complexities and mechanics of exporting 
C)  there are too many opportunities available domestically 
D)  they have concluded foreign markets are not profitable 
E)  they do not have enough time to serve both the domestic and export markets

Question 9

The typical export-import transaction has how many steps?

Accepted Answer

A)  4 
B)  6 
C)  12 
D)  14 
E)  16 
A)  4 
B)  6 
C)  12 
D)  14 
E)  16

Question 10

Germany is one of the world's most successful exporting nations.

Accepted Answer

A) True 
 B)False

Question 11

Which of these allows for a delay in payment?

Accepted Answer

A)  sight draft 
B)  time draft 
C)  bill of lading 
D)  barter 
E)  post-dated draft 
A)  sight draft 
B)  time draft 
C)  bill of lading 
D)  barter 
E)  post-dated draft

Question 12

The letter of credit is issued by a bank at the request of a(n):

Accepted Answer

A)  exporter 
B)  government 
C)  importer 
D)  shipping company 
E)  exporter's bank 
A)  exporter 
B)  government 
C)  importer 
D)  shipping company 
E)  exporter's bank

Question 13

Unlike large firms,small and medium-sized firms tend to go out into the world to seek opportunities.

Accepted Answer

A) True 
 B)False

Question 14

A sight draft allows for a delay in payment.

Accepted Answer

A) True 
 B)False

Question 15

When was the BDC conceived?

Accepted Answer

A)  at the end of World War II 
B)  in the 1950s 
C)  in the 1960s 
D)  in the 1970s 
E)  in the 1980s 
A)  at the end of World War II 
B)  in the 1950s 
C)  in the 1960s 
D)  in the 1970s 
E)  in the 1980s

Question 16

____________ are export specialist who act as the export marketing department or international department for their client firms.

Accepted Answer

A)  Trade Commissioners 
B)  The foreign country embassies 
C)  The WTO and the World Bank 
D)  EMCs 
E)  Team Canada members 
A)  Trade Commissioners 
B)  The foreign country embassies 
C)  The WTO and the World Bank 
D)  EMCs 
E)  Team Canada members

Question 17

According to the UN report on trade and development,a typical international trade transaction may involve __________ parties,___________ original documents,and ___________ document copies.

Accepted Answer

A)  25; 35; 225 
B)  2; 9; 18 
C)  10; 3; 30 
D)  15; 180; 60 
E)  30; 60; 360 
A)  25; 35; 225 
B)  2; 9; 18 
C)  10; 3; 30 
D)  15; 180; 60 
E)  30; 60; 360

Question 18

Completion of FITT's eight training modules leads to the _____ designation.

Accepted Answer

A)  DFAIT 
B)  ITC 
C)  CFIT 
D)  FITT 
E)  CITP 
A)  DFAIT 
B)  ITC 
C)  CFIT 
D)  FITT 
E)  CITP

Question 19

The way to overcome ignorance in exporting is to collect information.

Accepted Answer

A) True 
 B)False

Question 20

According to the UN,the time involved in preparing documentation and costs of common errors in paper work often amounts to 25 percent of the final value of goods exported.

Accepted Answer

A) True 
 B)False

Countertrade is most attractive to:

Lack of trust in international trade is exacerbated by the distance between two parties in space,language,and culture.

A reciprocal buying arrangement is known as what?

What is countertrade? Give an example of when it can be used.

Time drafts are negotiable instruments.

How can Canadian firms increase their awareness of export opportunities? What agencies can be used? What do they provide?

At the municipal and provincial level there can be the following services,except:

One reason more firms are not proactive about seeking export opportunities is that:

The typical export-import transaction has how many steps?

Germany is one of the world's most successful exporting nations.

Which of these allows for a delay in payment?

The letter of credit is issued by a bank at the request of a(n):

Unlike large firms,small and medium-sized firms tend to go out into the world to seek opportunities.

A sight draft allows for a delay in payment.

When was the BDC conceived?

____________ are export specialist who act as the export marketing department or international department for their client firms.

According to the UN report on trade and development,a typical international trade transaction may involve ____ parties,_ original documents,and _______ document copies.

Completion of FITT's eight training modules leads to the _____ designation.

The way to overcome ignorance in exporting is to collect information.

According to the UN,the time involved in preparing documentation and costs of common errors in paper work often amounts to 25 percent of the final value of goods exported.

Globalization

Country Differences in Political Economy

The Cultural Environment

Ethics in International Business

International Trade Theories

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The Global Monetary System

Global Strategy

Entering Foreign Markets

Global Marketing and Randd

Global Manufacturing and Materials Management

Global Human Resource Management

Filters

Exam 13: Exporting,Importing,and Countertrade

Countertrade is most attractive to:

Lack of trust in international trade is exacerbated by the distance between two parties in space,language,and culture.

A reciprocal buying arrangement is known as what?

What is countertrade? Give an example of when it can be used.

Time drafts are negotiable instruments.

How can Canadian firms increase their awareness of export opportunities? What agencies can be used? What do they provide?

At the municipal and provincial level there can be the following services,except:

One reason more firms are not proactive about seeking export opportunities is that:

The typical export-import transaction has how many steps?

Germany is one of the world's most successful exporting nations.

Which of these allows for a delay in payment?

The letter of credit is issued by a bank at the request of a(n):

Unlike large firms,small and medium-sized firms tend to go out into the world to seek opportunities.

A sight draft allows for a delay in payment.

When was the BDC conceived?

____________ are export specialist who act as the export marketing department or international department for their client firms.

According to the UN report on trade and development,a typical international trade transaction may involve __________ parties,___________ original documents,and ___________ document copies.

Completion of FITT's eight training modules leads to the _____ designation.

The way to overcome ignorance in exporting is to collect information.

According to the UN,the time involved in preparing documentation and costs of common errors in paper work often amounts to 25 percent of the final value of goods exported.

Globalization

Country Differences in Political Economy

The Cultural Environment

Ethics in International Business

International Trade Theories

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The Global Monetary System

Global Strategy

Entering Foreign Markets

Global Marketing and Randd

Global Manufacturing and Materials Management

Global Human Resource Management

Filters

According to the UN report on trade and development,a typical international trade transaction may involve ____ parties,_ original documents,and _______ document copies.