Exam 9: Exporting,Importing,and Global Sourcing

The _____ is a legal document issued by a bank at the importer's (or buyer's) request wherein the importer promises to pay a specified amount of money when the bank receives documents about the shipment.

(Multiple Choice)

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Question 41

The _____ created a framework that calls for cooperation between the customs administrations of different countries.

(Short Answer)

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Question 42

In global sourcing,ocean transport has a higher carbon footprint compared to transporting goods by air and truck.

(True/False)

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Question 43

_____ provides a common framework and process to ensure that each party will do what they say in the import/export transaction.

(Short Answer)

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Question 44

Entrepreneurs benefit from outsourcing because they can acquire services as needed,without having to build those capabilities internally.

(True/False)

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Question 45

A _____ typically prepares the documentation,suggests shipping methods,navigates trade regulations,and assists with details like packing and labeling.

(Multiple Choice)

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Question 46

The carbon-footprint measure focuses on distance rather than looking at all the fossil fuels used in the manufacture of an item.

(True/False)

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Question 47

What are the risks of relying only on the export option for entering into a foreign market?

(Essay)

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Question 48

What is the draft or bill of exchange?

(Essay)

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Question 49

What are the factors that encourage companies to engage in countertrade?

(Essay)

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Question 50

One of the disadvantages of licensing is the lower potential returns,compared to other forms of entry into the foreign market,because the revenues are shared between the parties.

(True/False)

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Question 51

Which of the following statements holds true for an open account?

(Multiple Choice)

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Question 52

Under a licensing agreement,the licenser is normally paid a royalty on each unit produced and sold.

(True/False)

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Question 53

A commercial or customs invoice refers to the:

(Multiple Choice)

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Question 54

_____ is the document by which the exporter tells the importer to pay a specified amount at a specified time.

(Multiple Choice)

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Question 55

_____ refers to an organization that assists foreign companies in exporting their products to Japan by providing free-market entry information and business-partner matching as well as some subsidies.

(Multiple Choice)

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Question 56

What options does a firm have if it wants to have a direct operating presence in the foreign country,which is completely under its control?

(Essay)

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Question 57

Which of the following can also function as collateral against loans?

(Multiple Choice)

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Question 58

Multinational companies may purchase a local supplier to directly control the supply of raw materials.This is known as:

(Multiple Choice)

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Question 59

Guanxi refers to the:

(Multiple Choice)

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Question 60

Showing 41 - 60 of 99

The _____ is a legal document issued by a bank at the importer's (or buyer's) request wherein the importer promises to pay a specified amount of money when the bank receives documents about the shipment.

The _____ created a framework that calls for cooperation between the customs administrations of different countries.

In global sourcing,ocean transport has a higher carbon footprint compared to transporting goods by air and truck.

_____ provides a common framework and process to ensure that each party will do what they say in the import/export transaction.

Entrepreneurs benefit from outsourcing because they can acquire services as needed,without having to build those capabilities internally.

A _____ typically prepares the documentation,suggests shipping methods,navigates trade regulations,and assists with details like packing and labeling.

The carbon-footprint measure focuses on distance rather than looking at all the fossil fuels used in the manufacture of an item.

What are the risks of relying only on the export option for entering into a foreign market?

What is the draft or bill of exchange?

What are the factors that encourage companies to engage in countertrade?

One of the disadvantages of licensing is the lower potential returns,compared to other forms of entry into the foreign market,because the revenues are shared between the parties.

Which of the following statements holds true for an open account?

Under a licensing agreement,the licenser is normally paid a royalty on each unit produced and sold.

A commercial or customs invoice refers to the:

_____ is the document by which the exporter tells the importer to pay a specified amount at a specified time.

_____ refers to an organization that assists foreign companies in exporting their products to Japan by providing free-market entry information and business-partner matching as well as some subsidies.

What options does a firm have if it wants to have a direct operating presence in the foreign country,which is completely under its control?

Which of the following can also function as collateral against loans?

Multinational companies may purchase a local supplier to directly control the supply of raw materials.This is known as:

Guanxi refers to the:

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

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