Exam 9: Exporting, Importing, and Global Sourcing

SBA's _____ program provides loans for businesses that can generate export sales but do not have the working capital to purchase inventory or to stay in business during the long payment cycles.

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

The sight draft is payable at a later time, typically 30, 60, 90, or 120 days in the future as specified by the draft.

What are the constituents of service-level agreements?

What is a letter of credit?

Which of the following statements holds true for the customs department?

Which of the following statements holds true for cash in advance?

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

A(n) _____ refers to a country that has very advantageous (low) corporate income taxes.

What are the two contractual modes of entry into a foreign country?

_____ refers to buying goods and services from foreign sources and bringing them back into the home country.

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

The _____ is the person or entity sending or transporting the goods out of the country.

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

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

What is the draft or bill of exchange?

The document that declares the country from which the product originates is referred to as the _____.

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

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

What are the advantages of licensing for a multinational firm?