Question 1

The customs invoice acts as proof that the shipment was made and that the goods have been received.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements holds true for export declaration?

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 acts as proof that the shipment was made and that the goods have been received. 
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. 
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 acts as proof that the shipment was made and that the goods have been received. 
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.

Question 3

_____ refers to an organization that helps U.S.businesses invest overseas, particularly in developing countries, by providing direct loans and loan guarantees to projects that meet its guidelines.

Accepted Answer

A) Bank of America Merrill Lynch 
B) Export-Import Bank of the United States 
C) Wells Fargo Securities 
D) US Small Business Administration 
E) Overseas Private Investment Corporation 
A) Bank of America Merrill Lynch 
B) Export-Import Bank of the United States 
C) Wells Fargo Securities 
D) US Small Business Administration 
E) Overseas Private Investment Corporation

Question 4

Countertrade also can mitigate the risk of price movements or currency-exchange-rate fluctuations.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following statements is true about distributors?

Accepted Answer

A) Distributors are export intermediaries who represent the company in the foreign market. 
B) Distributors are export intermediaries who ensure the physical transportation of goods from one country to another. 
C) Distributors are export intermediaries who are responsible for branding of the goods sold by them. 
D) Distributors are export intermediaries who are the sole recipient of the profits generated after the sale of goods. 
E) Distributors are export intermediaries who design and develop the goods that are sold by them. 
A) Distributors are export intermediaries who represent the company in the foreign market. 
B) Distributors are export intermediaries who ensure the physical transportation of goods from one country to another. 
C) Distributors are export intermediaries who are responsible for branding of the goods sold by them. 
D) Distributors are export intermediaries who are the sole recipient of the profits generated after the sale of goods. 
E) Distributors are export intermediaries who design and develop the goods that are sold by them.

Question 6

_____ refers to buying the raw materials, components, or services from companies outside the home country.

Accepted Answer

A) Insourcing 
B) Global sourcing 
C) Open sourcing 
D) Farmshoring 
E) Offshoring 
A) Insourcing 
B) Global sourcing 
C) Open sourcing 
D) Farmshoring 
E) Offshoring

Question 7

What are the factors that have an impact on the success of an organization trying to establish its business in a foreign country?

Accepted Answer

F1F1F1S1F1F1F10Cultural and linguistic

Question 8

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 9

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

Accepted Answer

World Cust

Question 10

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 11

The _____ refers to a written order for a certain amount of money to be transferred on a certain date from the person who owes the money or agrees to make the payment.

Accepted Answer

draft or b

Question 12

_____ 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

Question 13

_____ refers to a company establishing a new, wholly owned subsidiary from scratch where no previous facilities exist. HYPERLINK "http://glossary.reuters.com/index.php/Greenfield_Investment"

Accepted Answer

A) Franchising 
B) Brownfield venture 
C) Joint venture 
D) Greenfield venture 
E) Licensing 
A) Franchising 
B) Brownfield venture 
C) Joint venture 
D) Greenfield venture 
E) Licensing

Question 14

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?

Accepted Answer

If a firm wants to have a direct operati

Question 15

Which of the following statements holds true for the ISO 9001:2008 certification?

Accepted Answer

A) Organizations which supply raw materials are barred from applying for the ISO 9001:2008 certification. 
B) Companies which meet the criteria of a minimum financial turnover can apply for the ISO 9001:2008 certification. 
C) The ISO 9001:2008 certification is a mark that a company's products and services have met quality standards. 
D) Companies that had achieved ISO 9001:2000 certification were exempt from being recertified to meet ISO 9001:2008 standards. 
E) ISO 9001:2008 certification specifically focuses on the environment. 
A) Organizations which supply raw materials are barred from applying for the ISO 9001:2008 certification. 
B) Companies which meet the criteria of a minimum financial turnover can apply for the ISO 9001:2008 certification. 
C) The ISO 9001:2008 certification is a mark that a company's products and services have met quality standards. 
D) Companies that had achieved ISO 9001:2000 certification were exempt from being recertified to meet ISO 9001:2008 standards. 
E) ISO 9001:2008 certification specifically focuses on the environment.

Question 16

An export management company is an independent company that handles the necessary documentation, finds buyers for the export, and takes title of the goods for direct export.

Accepted Answer

A) True 
 B)False

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...

Question 18

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

Accepted Answer

A) Letter of credit 
B) Bill of lading 
C) Customs invoice 
D) Insurance certificate 
E) Bill of exchange 
A) Letter of credit 
B) Bill of lading 
C) Customs invoice 
D) Insurance certificate 
E) Bill of exchange

Question 19

Which of the following statements is true about ISO 14000 certification?

Accepted Answer

A) It certifies that the company works to minimize the use of child labor in all its business establishments. 
B) It certifies that the company works to ensure equal pay for all irrespective of the gender. 
C) It certifies that the company works to minimize any harmful effects it may have on the environment. 
D) It certifies that the company works to ensure the incorporation of the best anti-discrimination practices in its business establishments. 
E) It certifies that the company works to minimize the use of unskilled labor in its business establishments. 
A) It certifies that the company works to minimize the use of child labor in all its business establishments. 
B) It certifies that the company works to ensure equal pay for all irrespective of the gender. 
C) It certifies that the company works to minimize any harmful effects it may have on the environment. 
D) It certifies that the company works to ensure the incorporation of the best anti-discrimination practices in its business establishments. 
E) It certifies that the company works to minimize the use of unskilled labor in its business establishments.

Question 20

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.

The customs invoice acts as proof that the shipment was made and that the goods have been received.

Which of the following statements holds true for export declaration?

_____ refers to an organization that helps U.S.businesses invest overseas, particularly in developing countries, by providing direct loans and loan guarantees to projects that meet its guidelines.

Countertrade also can mitigate the risk of price movements or currency-exchange-rate fluctuations.

Which of the following statements is true about distributors?

_____ refers to buying the raw materials, components, or services from companies outside the home country.

What are the factors that have an impact on the success of an organization trying to establish its business in a foreign country?

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

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

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

The _____ refers to a written order for a certain amount of money to be transferred on a certain date from the person who owes the money or agrees to make the payment.

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

_____ refers to a company establishing a new, wholly owned subsidiary from scratch where no previous facilities exist. HYPERLINK "http://glossary.reuters.com/index.php/Greenfield_Investment"

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 statements holds true for the ISO 9001:2008 certification?

An export management company is an independent company that handles the necessary documentation, finds buyers for the export, and takes title of the goods for direct export.

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

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

Which of the following statements is true about ISO 14000 certification?

Which of the following statements holds true for insurance certificates?

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

The customs invoice acts as proof that the shipment was made and that the goods have been received.

Which of the following statements holds true for export declaration?

_____ refers to an organization that helps U.S.businesses invest overseas, particularly in developing countries, by providing direct loans and loan guarantees to projects that meet its guidelines.

Countertrade also can mitigate the risk of price movements or currency-exchange-rate fluctuations.

Which of the following statements is true about distributors?

_____ refers to buying the raw materials, components, or services from companies outside the home country.

What are the factors that have an impact on the success of an organization trying to establish its business in a foreign country?

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

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

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

The _____ refers to a written order for a certain amount of money to be transferred on a certain date from the person who owes the money or agrees to make the payment.

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

_____ refers to a company establishing a new, wholly owned subsidiary from scratch where no previous facilities exist. HYPERLINK "http://glossary.reuters.com/index.php/Greenfield_Investment"

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 statements holds true for the ISO 9001:2008 certification?

An export management company is an independent company that handles the necessary documentation, finds buyers for the export, and takes title of the goods for direct export.

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

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

Which of the following statements is true about ISO 14000 certification?

Which of the following statements holds true for insurance certificates?

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