Question 1

A ______________ is simply an order written by an exporter instructing an importer to pay a specified amount of money at a specified time.

Accepted Answer

A)  bill of lading 
B)  draft 
C)  letter of credit 
D)  barter 
E)  bank order 
A)  bill of lading 
B)  draft 
C)  letter of credit 
D)  barter 
E)  bank order

Question 2

Global Trading,Inc.is considering export operations for the first time.It can increase the probability of success by taking all of these steps except:

Accepted Answer

A)  be proactive about seeking export opportunities. 
B)  hire an EMC. 
C)  focus on one market. 
D)  hire the home country personnel to build commitment. 
E)  enter on a small scale. 
A)  be proactive about seeking export opportunities. 
B)  hire an EMC. 
C)  focus on one market. 
D)  hire the home country personnel to build commitment. 
E)  enter on a small scale.

Question 3

After a switch trade,a firm can end up with counterpurchase credits.

Accepted Answer

A) True 
 B)False

Question 4

Heublein,a manufacturer of liqueurs,decided to use the U.S.name for their cranberry liqueur when they started exporting to the U.K.Sales were very slow and only later did they understand that the name they were using was slang for privy in Britain.This is an example of what common exporting pitfall?

Accepted Answer

A)  poor distribution and retailing 
B)  unfamiliarity with British markets 
C)  cultural similarities 
D)  different business practices 
E)  lack of product adaptation 
A)  poor distribution and retailing 
B)  unfamiliarity with British markets 
C)  cultural similarities 
D)  different business practices 
E)  lack of product adaptation

Question 5

SteelMaster,as described in the opening case,was able to use a Web site to reach more international prospects.

Accepted Answer

A) True 
 B)False

Question 6

When it comes to bank's service charge for providing a L/C,the larger the transaction,the higher the percentage.

Accepted Answer

A) True 
 B)False

Question 7

Access International,a British based greeting card company,is interested in importing paper from Canada.Which of these should Access arrange first for the Canadian company to ship the merchandise?

Accepted Answer

A)  letter of credit 
B)  bill of Lading 
C)  time draft 
D)  sight draft 
E)  way bill 
A)  letter of credit 
B)  bill of Lading 
C)  time draft 
D)  sight draft 
E)  way bill

Question 8

A draft is sometimes referred to as a:

Accepted Answer

A)  bill of exchange 
B)  letter of credit 
C)  bill of lading 
D)  counter purchase 
E)  payment order 
A)  bill of exchange 
B)  letter of credit 
C)  bill of lading 
D)  counter purchase 
E)  payment order

Question 9

A bill of lading serves what purpose?

Accepted Answer

A)  a receipt 
B)  a contract 
C)  a document of title 
D)  A, B and C are correct 
E)  none of the answers are correct 
A)  a receipt 
B)  a contract 
C)  a document of title 
D)  A, B and C are correct 
E)  none of the answers are correct

Question 10

What is the BDC? What is its mission? How does it pursue its mission?

Accepted Answer

The Business Development Bank of Canada

A ______________ is simply an order written by an exporter instructing an importer to pay a specified amount of money at a specified time.

Global Trading,Inc.is considering export operations for the first time.It can increase the probability of success by taking all of these steps except:

After a switch trade,a firm can end up with counterpurchase credits.

Heublein,a manufacturer of liqueurs,decided to use the U.S.name for their cranberry liqueur when they started exporting to the U.K.Sales were very slow and only later did they understand that the name they were using was slang for privy in Britain.This is an example of what common exporting pitfall?

SteelMaster,as described in the opening case,was able to use a Web site to reach more international prospects.

When it comes to bank's service charge for providing a L/C,the larger the transaction,the higher the percentage.

Access International,a British based greeting card company,is interested in importing paper from Canada.Which of these should Access arrange first for the Canadian company to ship the merchandise?

A draft is sometimes referred to as a:

A bill of lading serves what purpose?

What is the BDC? What is its mission? How does it pursue its mission?

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

A ______________ is simply an order written by an exporter instructing an importer to pay a specified amount of money at a specified time.

Global Trading,Inc.is considering export operations for the first time.It can increase the probability of success by taking all of these steps except:

After a switch trade,a firm can end up with counterpurchase credits.

SteelMaster,as described in the opening case,was able to use a Web site to reach more international prospects.

When it comes to bank's service charge for providing a L/C,the larger the transaction,the higher the percentage.

Access International,a British based greeting card company,is interested in importing paper from Canada.Which of these should Access arrange first for the Canadian company to ship the merchandise?

A draft is sometimes referred to as a:

A bill of lading serves what purpose?

What is the BDC? What is its mission? How does it pursue its mission?

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