Exam 15: Exporting,Importing,and Countertrade

EMCs are experienced specialists who can help the neophyte exporter avoid common pitfalls.

Barter is the simplest form of countertrade.

Which of the following states that the bank will pay a specified sum of money to a beneficiary on presentation of particular,specified documents?

Why might a firm avoid countertrade?

The Small Business Administration is a good source of export assistance.

All of the following are true of the Export-Import Bank except:

As exporting has become easier,the volume of export activity in the world economy has been rising.

A banker's acceptance:

Which of the following is not true about exporting?

What is the Foreign Credit Insurance Association?

Entering a foreign market on a large scale provides the opportunity to learn about the foreign country.

Great trading houses in Japan are called:

A big impediment to exporting is the simple lack of knowledge of the opportunities available.

To export successfully,it often makes sense to focus initially on a handful of markets.

Many foreign customers require face-to-face negotiations on their home turf.

The bill of lading acts as a receipt,a contract,and a document of title.

Firms use countertrade to trade goods and services for other goods and services when they cannot be traded for money.

In theory,the advantage of EMCs is that they:

The Department of Commerce has a _____ program,in which department representatives accompany groups of U.S.businesspeople abroad to meet with qualified agents,distributors,and customers.

What type of firm is most likely to engage in countertrade? Why?