Exam 9: Exporting, Importing, and Global Sourcing

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

What is the Japan External Trade Organization (JETRO)?

In _____ the company delegates an entire process (e.g., accounts payable) to an outsource vendor.

Companies use distributors because distributors know the local market and are a cost-effective way to enter that market.

In a(n) _____ joint venture, there is no contribution of capital to form a new entity.

Import duties are lower for countries that are designated as a "most favored nation."

Customs administration offices in both the home country and the country to which the item is being exported are involved in the transaction of goods.

What are the challenges posed by joint ventures for the companies involved?

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

Distributors or export intermediaries are barred from taking title to the goods and then reselling them.

Which of the following methods of energy generation would leave the lowest carbon footprint?

Which of the following statements holds true for the World Customs Organization (WCO)?

_____ 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.

In a(n) _____ structure, the seller receives cash contingent on the seller buying local products or services in the amount of (or a percentage of) the cash.

This document is given to customs and port authorities during export transaction and the information in the document is used to compile statistics about exports from the country.This document is known as the _____.

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

The term _____ refers to a situation in which an exporter sells a time draft at a discount to an intermediary (often a bank) that will pay the exporter immediately and then collect the full amount from the importer at the later date.

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

Which of the following statements holds true for contract manufacturing?

The _____ certification is a mark that a company's products and services have met quality standards and that the company has quality-management processes in place.