Question 1

The person or business initiating a draft is known as the:

Accepted Answer

A) beneficiary. 
B) drawee. 
C) maker. 
D) trustor. 
A) beneficiary. 
B) drawee. 
C) maker. 
D) trustor.

Question 2

In terms of seeking export opportunities,studies have shown that:

Accepted Answer

A) almost all small firms tend to be proactive about seeking profitable export opportunities. 
B) most large firms tend to be reactive about seeking export opportunities. 
C) most small firms systematically scan foreign markets to see where the opportunities lie. 
D) many medium-sized and small firms are very reactive. 
A) almost all small firms tend to be proactive about seeking profitable export opportunities. 
B) most large firms tend to be reactive about seeking export opportunities. 
C) most small firms systematically scan foreign markets to see where the opportunities lie. 
D) many medium-sized and small firms are very reactive.

Question 3

A firm that uses a specialized third-party trading house in a countertrade arrangement is involved in:

Accepted Answer

A) a barter. 
B) a counterpurchase. 
C) an offset. 
D) switch trading. 
A) a barter. 
B) a counterpurchase. 
C) an offset. 
D) switch trading.

Question 4

Compare and contrast the export assistance provided to German and Japanese companies with that given to American companies.Discuss the implications of the differences between the countries.

Accepted Answer

Germany,one of the world's most successf

Question 5

For American companies,the most comprehensive source of export information is the local government trade department.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following helps explain why exporters still account for only a tiny percentage of U.S.firms?

Accepted Answer

A) Lack of export opportunities; buoyant demand within U.S. 
B) Tariffs; FDI restrictions 
C) Unfamiliarity; intimidation by the complexities 
D) Regulatory burden; barriers to free trade 
A) Lack of export opportunities; buoyant demand within U.S. 
B) Tariffs; FDI restrictions 
C) Unfamiliarity; intimidation by the complexities 
D) Regulatory burden; barriers to free trade

Question 7

The letter of credit system effectively transfers the issue of trust to the bank.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is true of exporting?

Accepted Answer

A) It helps firm achieve economies of scale 
B) It creates diseconomies of scale 
C) It increases unit costs 
D) It creates diseconomies of scope 
A) It helps firm achieve economies of scale 
B) It creates diseconomies of scale 
C) It increases unit costs 
D) It creates diseconomies of scope

Question 9

In a letter of credit transaction,the exporter receives its payment from

Accepted Answer

A) the importer. 
B) the importer's bank. 
C) the exporter's bank. 
D) the government. 
A) the importer. 
B) the importer's bank. 
C) the exporter's bank. 
D) the government.

Question 10

Unless there is no alternative,large,diverse multinational enterprises should probably try to avoid countertrade deals.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following statements about the SBA is false?

Accepted Answer

A)  It is the most comprehensive source of export opportunities information. 
B)  It employs 10 regional international trade officers throughout the United States. 
C)  It employs a 10-person international trade staff in Washington, D.C. 
D)  It oversees some 850 volunteers to provide one-on-one counseling to active and new-to-export businesses. 
A)  It is the most comprehensive source of export opportunities information. 
B)  It employs 10 regional international trade officers throughout the United States. 
C)  It employs a 10-person international trade staff in Washington, D.C. 
D)  It oversees some 850 volunteers to provide one-on-one counseling to active and new-to-export businesses.

Question 12

What are the typical problems challenging novice exporters when trying to export?

Accepted Answer

Novice exporters run into significant pr

Question 13

Describe a typical international trade transaction.

Accepted Answer

The typical transaction involves 14 step

Question 14

A _____ is payable on presentation to the drawee.

Accepted Answer

A) time draft 
B) bill of lading 
C) sight draft 
D) trade acceptance 
A) time draft 
B) bill of lading 
C) sight draft 
D) trade acceptance

Question 15

The sight draft specifies that the bank will pay a specified sum of money to the exporter upon the presentation of specified documents.

Accepted Answer

A) True 
 B)False

Question 16

In terms of international comparisons,which of the following statement is false?

Accepted Answer

A) Japanese firms can draw on the large reservoirs of experience of its export-oriented institutions. 
B) The United States has been a relatively self-contained continental economy until recently. 
C) Many German firms are relatively blind when they seek export opportunities. 
D) Japan has long made its living as a trading nation. 
A) Japanese firms can draw on the large reservoirs of experience of its export-oriented institutions. 
B) The United States has been a relatively self-contained continental economy until recently. 
C) Many German firms are relatively blind when they seek export opportunities. 
D) Japan has long made its living as a trading nation.

Question 17

Japanese exporters get assistance in identifying export opportunities from:

Accepted Answer

A) MITI. 
B) the Japanese Outreach Program. 
C) guanxi. 
D) chaebol. 
A) MITI. 
B) the Japanese Outreach Program. 
C) guanxi. 
D) chaebol.

Question 18

Many small and medium-sized firms tend to go out into the world to seek opportunities,rather than wait for the world to come to them.

Accepted Answer

A) True 
 B)False

Question 19

The bill of lading can act as collateral against which the exporter can draw funds.

Accepted Answer

A) True 
 B)False

Question 20

Discuss the growth of exporting.What are the factors contributing to the growth pattern?

Accepted Answer

The volume of export activity in the wor

The person or business initiating a draft is known as the:

In terms of seeking export opportunities,studies have shown that:

A firm that uses a specialized third-party trading house in a countertrade arrangement is involved in:

Compare and contrast the export assistance provided to German and Japanese companies with that given to American companies.Discuss the implications of the differences between the countries.

For American companies,the most comprehensive source of export information is the local government trade department.

Which of the following helps explain why exporters still account for only a tiny percentage of U.S.firms?

The letter of credit system effectively transfers the issue of trust to the bank.

Which of the following is true of exporting?

In a letter of credit transaction,the exporter receives its payment from

Unless there is no alternative,large,diverse multinational enterprises should probably try to avoid countertrade deals.

Which of the following statements about the SBA is false?

What are the typical problems challenging novice exporters when trying to export?

Describe a typical international trade transaction.

A _____ is payable on presentation to the drawee.

The sight draft specifies that the bank will pay a specified sum of money to the exporter upon the presentation of specified documents.

In terms of international comparisons,which of the following statement is false?

Japanese exporters get assistance in identifying export opportunities from:

Many small and medium-sized firms tend to go out into the world to seek opportunities,rather than wait for the world to come to them.

The bill of lading can act as collateral against which the exporter can draw funds.

Discuss the growth of exporting.What are the factors contributing to the growth pattern?

Globalization

National Differences in Political Economy

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting in the International Business

Financial Management in the International Business

Filters

Exam 15: Exporting,Importing,and Countertrade

The person or business initiating a draft is known as the:

In terms of seeking export opportunities,studies have shown that:

A firm that uses a specialized third-party trading house in a countertrade arrangement is involved in:

Compare and contrast the export assistance provided to German and Japanese companies with that given to American companies.Discuss the implications of the differences between the countries.

For American companies,the most comprehensive source of export information is the local government trade department.

Which of the following helps explain why exporters still account for only a tiny percentage of U.S.firms?

The letter of credit system effectively transfers the issue of trust to the bank.

Which of the following is true of exporting?

In a letter of credit transaction,the exporter receives its payment from

Unless there is no alternative,large,diverse multinational enterprises should probably try to avoid countertrade deals.

Which of the following statements about the SBA is false?

What are the typical problems challenging novice exporters when trying to export?

Describe a typical international trade transaction.

A _____ is payable on presentation to the drawee.

The sight draft specifies that the bank will pay a specified sum of money to the exporter upon the presentation of specified documents.

In terms of international comparisons,which of the following statement is false?

Japanese exporters get assistance in identifying export opportunities from:

Many small and medium-sized firms tend to go out into the world to seek opportunities,rather than wait for the world to come to them.

The bill of lading can act as collateral against which the exporter can draw funds.

Discuss the growth of exporting.What are the factors contributing to the growth pattern?

Globalization

National Differences in Political Economy

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting in the International Business

Financial Management in the International Business

Filters