Question 1

What are the constituents of service-level agreements?

Accepted Answer

The following are the constituents of service-level agreements:
-Scope of services
- Frequency of service
- Quality expected
- Timing required
-Cost of service
-Communications
- Dispute-resolution procedures
- Reporting and governance
- Key contacts
-Performance-improvement objectives

Question 2

_____ refers to the granting of permission by one party to another party to use intellectual property rights,such as trademarks,patents,brand names,or technology,under defined conditions without providing any other service or product.

Accepted Answer

A) Joint venture 
B) Licensing 
C) Leasing 
D) Acquisition 
E) Franchising 
A) Joint venture 
B) Licensing 
C) Leasing 
D) Acquisition 
E) Franchising B

Question 3

_____ refers to the financing granted against collateral,which can be the imported/exported goods.

Accepted Answer

A) Angel funding 
B) Purchase Order Financing 
C) Secured financing 
D) Overdraft 
E) Cash advance 
A) Angel funding 
B) Purchase Order Financing 
C) Secured financing 
D) Overdraft 
E) Cash advance C

Question 4

A carrier refers to the entity which:

Accepted Answer

A) handles the physical transportation of goods across geographical distances. 
B) buys goods from another country and transfers into one's home country. 
C) sends goods out of one's own country to another country. 
D) finances the production of goods in a foreign country. 
E) designs and develops goods in one's own country. 
A) handles the physical transportation of goods across geographical distances. 
B) buys goods from another country and transfers into one's home country. 
C) sends goods out of one's own country to another country. 
D) finances the production of goods in a foreign country. 
E) designs and develops goods in one's own country.

Question 5

The _____ is the person or entity buying or transporting goods from another country into one's home country.

Accepted Answer

The answer of The _____ is the person or entity...

Question 6

In a(n) _____ joint venture,each partner contributes capital and resources in exchange for an equity stake and share in any resulting profits.

Accepted Answer

The answer of In a(n) _____ joint venture,each partner contributes...

Question 7

Which of the following statements holds true for a nonentity joint venture?

Accepted Answer

A) In a nonentity joint venture,the partner with the smaller capital investment loses control over the joint venture after a period of two months. 
B) In a nonentity joint venture,each of the partners contributes capital and resources in exchange for an equity stake and share in any resulting profits. 
C) In a nonentity joint venture,the control of the joint venture is in the hands of the party which makes the larger capital investment. 
D) In a nonentity joint venture,there is no contribution of capital to form a new entity. 
E) In a nonentity joint venture the benefit gained is in the form of collective profits rather than individual profits. 
A) In a nonentity joint venture,the partner with the smaller capital investment loses control over the joint venture after a period of two months. 
B) In a nonentity joint venture,each of the partners contributes capital and resources in exchange for an equity stake and share in any resulting profits. 
C) In a nonentity joint venture,the control of the joint venture is in the hands of the party which makes the larger capital investment. 
D) In a nonentity joint venture,there is no contribution of capital to form a new entity. 
E) In a nonentity joint venture the benefit gained is in the form of collective profits rather than individual profits.

Question 8

Distributors or export intermediaries are barred from taking title to the goods and then reselling them.

Accepted Answer

A) True 
 B)False

Question 9

Import duties are lower for countries that are designated as a "most favored nation."

Accepted Answer

A) True 
 B)False

Question 10

The draft that allows a period of 120 days to pay is very attractive for the importer because it allows time for the importer to sell the goods before having to pay for them.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following statements holds true for insurance certificates?

Accepted Answer

A) It is a document that authorizes the carrier to transport the goods to the buyer's destination. 
B) It is a document that contains the description of the items being shipped. 
C) It is a document that declares the country from which the product originates. 
D) It is a document that represents the bill for the goods shipped from the exporter to the importer or buyer. 
E) It is a document that shows the amount of coverage on the goods being transported. 
A) It is a document that authorizes the carrier to transport the goods to the buyer's destination. 
B) It is a document that contains the description of the items being shipped. 
C) It is a document that declares the country from which the product originates. 
D) It is a document that represents the bill for the goods shipped from the exporter to the importer or buyer. 
E) It is a document that shows the amount of coverage on the goods being transported.

Question 12

What are the investment modes of entry into a foreign country?

Accepted Answer

There are two investment modes of enteri

Question 13

Which of the following methods of energy generation would leave the lowest carbon footprint?

Accepted Answer

A) Thermal 
B) Geothermal 
C) Crude oil 
D) Nuclear 
E) Natural gas 
A) Thermal 
B) Geothermal 
C) Crude oil 
D) Nuclear 
E) Natural gas

Question 14

Global sourcing is defined as the sale of products and services in foreign countries that are sourced or made in the home country.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following statements holds true for "countertrade"?

Accepted Answer

A) It refers to a situation where companies are barred from engaging in sales in particular goods and services. 
B) It refers to a situation where companies trade goods and services for other goods and services. 
C) It refers to a situation where companies jointly sell goods and services with their competitors. 
D) It refers to a situation where companies establish their monopoly in the sale of goods and services in a particular sector. 
E) It refers to a situation where companies indulge in business espionage to counter the trade of their competitors. 
A) It refers to a situation where companies are barred from engaging in sales in particular goods and services. 
B) It refers to a situation where companies trade goods and services for other goods and services. 
C) It refers to a situation where companies jointly sell goods and services with their competitors. 
D) It refers to a situation where companies establish their monopoly in the sale of goods and services in a particular sector. 
E) It refers to a situation where companies indulge in business espionage to counter the trade of their competitors.

Question 16

_____ refers to the granting of permission by one party to another party to use intellectual property rights,such as trademarks,patents,brand names,or technology,to a foreign company under defined conditions along with providing a bundle of services and products.

Accepted Answer

A) Joint venture 
B) Licensing 
C) Leasing 
D) Acquisition 
E) Franchising 
A) Joint venture 
B) Licensing 
C) Leasing 
D) Acquisition 
E) Franchising

Question 17

At the foreign port,the _____ arranges to have the exported goods clear customs and be shipped to the buyer.

Accepted Answer

The answer of At the foreign port,the _____ arranges to...

Question 18

Letters of credit are trusted forms of payment in international trade because the bank promises to make the payment on behalf of the importer.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following statements holds true for the time draft?

Accepted Answer

A) The time draft is paid on the receipt of the goods by the importer. 
B) The time draft is payable typically 30,60,90,or 120 days in the future as specified by the draft. 
C) The time draft is paid on receipt of the draft (when it is "seen"). 
D) The time draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods. 
E) The time draft is paid after a period of exactly one year after the delivery has been made to the importer. 
A) The time draft is paid on the receipt of the goods by the importer. 
B) The time draft is payable typically 30,60,90,or 120 days in the future as specified by the draft. 
C) The time draft is paid on receipt of the draft (when it is "seen"). 
D) The time draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods. 
E) The time draft is paid after a period of exactly one year after the delivery has been made to the importer.

Question 20

In a(n) _____ joint venture,there is no contribution of capital to form a new entity.

Accepted Answer

The answer of In a(n) _____ joint venture,there is no...

What are the constituents of service-level agreements?

_____ refers to the granting of permission by one party to another party to use intellectual property rights,such as trademarks,patents,brand names,or technology,under defined conditions without providing any other service or product.

_____ refers to the financing granted against collateral,which can be the imported/exported goods.

A carrier refers to the entity which:

The _____ is the person or entity buying or transporting goods from another country into one's home country.

In a(n) _____ joint venture,each partner contributes capital and resources in exchange for an equity stake and share in any resulting profits.

Which of the following statements holds true for a nonentity joint venture?

Distributors or export intermediaries are barred from taking title to the goods and then reselling them.

Import duties are lower for countries that are designated as a "most favored nation."

The draft that allows a period of 120 days to pay is very attractive for the importer because it allows time for the importer to sell the goods before having to pay for them.

Which of the following statements holds true for insurance certificates?

What are the investment modes of entry into a foreign country?

Which of the following methods of energy generation would leave the lowest carbon footprint?

Global sourcing is defined as the sale of products and services in foreign countries that are sourced or made in the home country.

Which of the following statements holds true for "countertrade"?

_____ refers to the granting of permission by one party to another party to use intellectual property rights,such as trademarks,patents,brand names,or technology,to a foreign company under defined conditions along with providing a bundle of services and products.

At the foreign port,the _____ arranges to have the exported goods clear customs and be shipped to the buyer.

Letters of credit are trusted forms of payment in international trade because the bank promises to make the payment on behalf of the importer.

Which of the following statements holds true for the time draft?

In a(n) _____ joint venture,there is no contribution of capital to form a new entity.

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

Global and Regional Economic Cooperation and Integration

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Strategy and International Business

Global Entrepreneurship and Intrapreneurship

Winning Through Effective,global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

Filters

Exam 9: Exporting,Importing,and Global Sourcing

What are the constituents of service-level agreements?

_____ refers to the granting of permission by one party to another party to use intellectual property rights,such as trademarks,patents,brand names,or technology,under defined conditions without providing any other service or product.

_____ refers to the financing granted against collateral,which can be the imported/exported goods.

A carrier refers to the entity which:

The _____ is the person or entity buying or transporting goods from another country into one's home country.

In a(n) _____ joint venture,each partner contributes capital and resources in exchange for an equity stake and share in any resulting profits.

Which of the following statements holds true for a nonentity joint venture?

Distributors or export intermediaries are barred from taking title to the goods and then reselling them.

Import duties are lower for countries that are designated as a "most favored nation."

The draft that allows a period of 120 days to pay is very attractive for the importer because it allows time for the importer to sell the goods before having to pay for them.

Which of the following statements holds true for insurance certificates?

What are the investment modes of entry into a foreign country?

Which of the following methods of energy generation would leave the lowest carbon footprint?

Global sourcing is defined as the sale of products and services in foreign countries that are sourced or made in the home country.

Which of the following statements holds true for "countertrade"?

_____ refers to the granting of permission by one party to another party to use intellectual property rights,such as trademarks,patents,brand names,or technology,to a foreign company under defined conditions along with providing a bundle of services and products.

At the foreign port,the _____ arranges to have the exported goods clear customs and be shipped to the buyer.

Letters of credit are trusted forms of payment in international trade because the bank promises to make the payment on behalf of the importer.

Which of the following statements holds true for the time draft?

In a(n) _____ joint venture,there is no contribution of capital to form a new entity.

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

Global and Regional Economic Cooperation and Integration

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Strategy and International Business

Global Entrepreneurship and Intrapreneurship

Winning Through Effective,global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

Filters