Question 1

Which of the following does not belong to the International Trade Administration?

Accepted Answer

A)  Market Access and Compliance (MA
C)  
B)  Small Business Administration (SB
A)  
C)  Trade Development 
D)  U.S. and Foreign Commercial Service (US&FCS) 
A)  Market Access and Compliance (MA
C)  
B)  Small Business Administration (SB
A)  
C)  Trade Development 
D)  U.S. and Foreign Commercial Service (US&FCS)

Question 2

When nonexporting firms are asked why they do not export,they commonly list each of the following as problems except

Accepted Answer

A)  identifying foreign markets. 
B)  payment and finance procedures. 
C)  export procedures. 
D)  international marketing skills. 
A)  identifying foreign markets. 
B)  payment and finance procedures. 
C)  export procedures. 
D)  international marketing skills.

Question 3

Which of the following is the most risky for an importer?

Accepted Answer

A)  Open account 
B)  Irrevocable letter of credit 
C)  Bank collection time draft 
D)  Cash in advance 
E)  Consignment 
A)  Open account 
B)  Irrevocable letter of credit 
C)  Bank collection time draft 
D)  Cash in advance 
E)  Consignment

Question 4

Which of the following is not part of the pro forma invoice?

Accepted Answer

A)  The exporter's formal quotation 
B)  A description of the merchandise 
C)  Delivery time 
D)  Type of packaging 
E)  Terms of sale 
A)  The exporter's formal quotation 
B)  A description of the merchandise 
C)  Delivery time 
D)  Type of packaging 
E)  Terms of sale

Question 5

Many nations,especially those of Latin America,follow the ______ Doctrine,which holds that contractual dispute cases should be tried under local,and not foreign,law.

Accepted Answer

Calvo
Explanation: Many nation

Question 6

Which of the following is the least risky for an exporter?

Accepted Answer

A)  Open account 
B)  Irrevocable letter of credit 
C)  Bank collection time draft 
D)  Cash in advance 
E)  Revocable letter of credit 
A)  Open account 
B)  Irrevocable letter of credit 
C)  Bank collection time draft 
D)  Cash in advance 
E)  Revocable letter of credit

Question 7

What is an export license?

Accepted Answer

A)  Permission from the U.S. government to export. 
B)  An international quality performance rating. 
C)  A shipping qualification. 
D)  Permission from the top management team to export. 
E)  Permission to transfer domestic currency abroad. 
A)  Permission from the U.S. government to export. 
B)  An international quality performance rating. 
C)  A shipping qualification. 
D)  Permission from the top management team to export. 
E)  Permission to transfer domestic currency abroad.

Question 8

Of the 12 most common mistakes and pitfalls awaiting new exporters listed in the textbook,which one of the following is not in the list?

Accepted Answer

A)  Making too much of a commitment during the initial stages of exporting. 
B)  Failing to obtain qualified export counseling. 
C)  Chasing orders from around the world instead of establishing a basis for profitable operations and orderly growth. 
D)  Failure to consider the use of an export management company. 
A)  Making too much of a commitment during the initial stages of exporting. 
B)  Failing to obtain qualified export counseling. 
C)  Chasing orders from around the world instead of establishing a basis for profitable operations and orderly growth. 
D)  Failure to consider the use of an export management company.

Question 9

With which of the following payment mechanisms is it the case that once the seller has accepted the credit,the customer cannot alter or cancel it without the seller's consent?

Accepted Answer

A)  Irrevocable letter of credit 
B)  Open account 
C)  Consignment 
D)  Bank collection time draft 
E)  Documentary draft 
A)  Irrevocable letter of credit 
B)  Open account 
C)  Consignment 
D)  Bank collection time draft 
E)  Documentary draft

Question 10

In the area of shipment risk,ocean vessels assume

Accepted Answer

A)  all the risk for the safety of their cargo. 
B)  none of the risk for the safety of their cargo, except for negligence. 
C)  exporters will have bought adequate insurance. 
D)  marine environments are usually safe. 
E)  half of the risk for the safety of their shipment. 
A)  all the risk for the safety of their cargo. 
B)  none of the risk for the safety of their cargo, except for negligence. 
C)  exporters will have bought adequate insurance. 
D)  marine environments are usually safe. 
E)  half of the risk for the safety of their shipment.

Question 11

Collection documents are

Accepted Answer

A)  for debt carried in cash receivables. 
B)  needed to load and unload transported goods. 
C)  presented to the buyer for payment. 
D)  required for customs approval. 
A)  for debt carried in cash receivables. 
B)  needed to load and unload transported goods. 
C)  presented to the buyer for payment. 
D)  required for customs approval.

Question 12

Ex-Works is a short way to say

Accepted Answer

A)  cash in advance. 
B)  an open account. 
C)  consignment. 
D)  letters of credit. 
E)  shipment transferred to seller at factory. 
A)  cash in advance. 
B)  an open account. 
C)  consignment. 
D)  letters of credit. 
E)  shipment transferred to seller at factory.

Question 13

A ______ letter of credit is a confirmation made by a correspondent bank in the seller's country by which it agrees to honor the issuing bank's letter of credit.

Accepted Answer

confirmed
Explanation: A confi

Question 14

Often small exporters don't consider the use of an export management company (EMC)when they should.

Accepted Answer

A) True 
 B)False

Which of the following does not belong to the International Trade Administration?

When nonexporting firms are asked why they do not export,they commonly list each of the following as problems except

Which of the following is the most risky for an importer?

Which of the following is not part of the pro forma invoice?

Many nations,especially those of Latin America,follow the ______ Doctrine,which holds that contractual dispute cases should be tried under local,and not foreign,law.

Which of the following is the least risky for an exporter?

What is an export license?

Of the 12 most common mistakes and pitfalls awaiting new exporters listed in the textbook,which one of the following is not in the list?

With which of the following payment mechanisms is it the case that once the seller has accepted the credit,the customer cannot alter or cancel it without the seller's consent?

In the area of shipment risk,ocean vessels assume

Collection documents are

Ex-Works is a short way to say

A ______ letter of credit is a confirmation made by a correspondent bank in the seller's country by which it agrees to honor the issuing bank's letter of credit.

Often small exporters don't consider the use of an export management company (EMC)when they should.

The Challenging Context of International Business

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Intellectual Property Rights and Other Legal Forces

Economic and Socioeconomic Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix A: International Institutions From a Business Perspective

Appendix C: Global Operations and Supply Chain Management

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Exam 17: Appendix B: Export and Import Practices

Which of the following does not belong to the International Trade Administration?

When nonexporting firms are asked why they do not export,they commonly list each of the following as problems except

Which of the following is the most risky for an importer?

Which of the following is not part of the pro forma invoice?

Many nations,especially those of Latin America,follow the ______ Doctrine,which holds that contractual dispute cases should be tried under local,and not foreign,law.

Which of the following is the least risky for an exporter?

What is an export license?

Of the 12 most common mistakes and pitfalls awaiting new exporters listed in the textbook,which one of the following is not in the list?

With which of the following payment mechanisms is it the case that once the seller has accepted the credit,the customer cannot alter or cancel it without the seller's consent?

In the area of shipment risk,ocean vessels assume

Collection documents are

Ex-Works is a short way to say

A ______ letter of credit is a confirmation made by a correspondent bank in the seller's country by which it agrees to honor the issuing bank's letter of credit.

Often small exporters don't consider the use of an export management company (EMC)when they should.

The Challenging Context of International Business

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Intellectual Property Rights and Other Legal Forces

Economic and Socioeconomic Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix A: International Institutions From a Business Perspective

Appendix C: Global Operations and Supply Chain Management

Filters