Question 1

According to percent market share of the top ten apparel exporting countries to the United States,which country ranked as number one in 2011?

Accepted Answer

A) Taiwan 
B) China 
C) Mexico 
D) India 
E) Honduras 
A) Taiwan 
B) China 
C) Mexico 
D) India 
E) Honduras B

Question 2

Which of the following was a major U.S.tax incentive for exporters that the WTO recently ruled was an illegal subsidy?

Accepted Answer

A) NTR 
B) CVD 
C) FSC 
D) NTB 
E) HTS 
A) NTR 
B) CVD 
C) FSC 
D) NTB 
E) HTS C

Question 3

The chief executives of Swiss Swatch Group and Japanese Canon would like to:

Accepted Answer

A) outsource all of the manufacturing units overseas in order to save money. 
B) outsource a majority of the manufacturing functions overseas. 
C) retain a majority,if not all,of the manufacturing in their home country. 
D) establish "call centers" in developing countries in order to save labor costs. 
E) outsource a full line of new products only. 
A) outsource all of the manufacturing units overseas in order to save money. 
B) outsource a majority of the manufacturing functions overseas. 
C) retain a majority,if not all,of the manufacturing in their home country. 
D) establish "call centers" in developing countries in order to save labor costs. 
E) outsource a full line of new products only. C

Question 4

The Harmonized Tariff System (HTS)has eliminated virtually all problems associated with assigning tariff classifications to new products.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction?

Accepted Answer

A) documentary credit (letter of credit) 
B) documentary collection 
C) cash in advance 
D) sales on open account 
E) draft 
A) documentary credit (letter of credit) 
B) documentary collection 
C) cash in advance 
D) sales on open account 
E) draft

Question 6

In which of the following forms of export financing does a bank assume a financial obligation?

Accepted Answer

A) with an L / C but not a documentary collection 
B) with a documentary collection but not an L / C 
C) neither an L / C nor a documentary collection requires a bank to assume financial obligation 
D) with either an L / C or a collection letter 
E) with both an L / C and a documentary collection 
A) with an L / C but not a documentary collection 
B) with a documentary collection but not an L / C 
C) neither an L / C nor a documentary collection requires a bank to assume financial obligation 
D) with either an L / C or a collection letter 
E) with both an L / C and a documentary collection

Question 7

Which of the following incorrectly states the role of banks in import / export transactions involving a letter of credit (L / C)?

Accepted Answer

A) The exporter's bank is the advising and / or confirming bank. 
B) The importer's bank is the advising and / or confirming bank. 
C) The importer's bank is the advising,confirming,and issuing bank. 
D) The exporter's bank is the advising,confirming,and issuing bank. 
E) The importer's bank is neither advising nor confirming bank. 
A) The exporter's bank is the advising and / or confirming bank. 
B) The importer's bank is the advising and / or confirming bank. 
C) The importer's bank is the advising,confirming,and issuing bank. 
D) The exporter's bank is the advising,confirming,and issuing bank. 
E) The importer's bank is neither advising nor confirming bank.

Question 8

Officially,the EU tariffs on Chinese and Vietnamese shoe imports are known as:

Accepted Answer

A) Countervailing duties. 
B) Antidumping duties. 
C) Specific duties. 
D) Ad valorem duties. 
E) Temporary surcharges. 
A) Countervailing duties. 
B) Antidumping duties. 
C) Specific duties. 
D) Ad valorem duties. 
E) Temporary surcharges.

Question 9

Sweden applies a system to certain categories of imported agricultural products which is referred to as:

Accepted Answer

A) temporary surcharges. 
B) ad valorem duty. 
C) variable import levies. 
D) specific duty. 
E) countervailing duty. 
A) temporary surcharges. 
B) ad valorem duty. 
C) variable import levies. 
D) specific duty. 
E) countervailing duty.

Question 10

In an export / import transaction requiring a letter of credit (L / C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following methods of financing would be used if the exporting and importing parties had a strong,long-standing relationship?

Accepted Answer

A) documentary credit (letter of credit) 
B) documentary collection 
C) cash in advance 
D) sales on open account 
E) bank draft 
A) documentary credit (letter of credit) 
B) documentary collection 
C) cash in advance 
D) sales on open account 
E) bank draft

Question 12

A nontariff barrier (NTB)is a hidden trade barrier which is a deterrent or obstacle to the sale of products in a foreign market.

Accepted Answer

A) True 
 B)False

Question 13

Representatives of the apparel,footwear,and textile industries in many countries are deeply concerned about the impact increased trade with China will have on these sectors.

Accepted Answer

A) True 
 B)False

Question 14

The only marketing mix element that is applicable in the export selling is:

Accepted Answer

A) price. 
B) product. 
C) promotion. 
D) place. 
E) process. 
A) price. 
B) product. 
C) promotion. 
D) place. 
E) process.

Question 15

It was found by research that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements,payment procedures,and regulations.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following arranges export financing payment methods in descending order starting with the most secure / reliable and ending with the least secure / reliable?

Accepted Answer

A) sales on open account→cash in advance→documentary credit (L / 
C) →documentary collection (draft) 
B) documentary credit (L / 
C) →sales on open account→documentary collection (draft)→cash in advance 
C) documentary collection (draft)→documentary credit (L / 
C) →cash in advance→sales on open account 
D) cash in advance→documentary credit (L / 
C) →documentary collection (draft)→sales on open account 
E) none of the above 
A) sales on open account→cash in advance→documentary credit (L / 
C) →documentary collection (draft) 
B) documentary credit (L / 
C) →sales on open account→documentary collection (draft)→cash in advance 
C) documentary collection (draft)→documentary credit (L / 
C) →cash in advance→sales on open account 
D) cash in advance→documentary credit (L / 
C) →documentary collection (draft)→sales on open account 
E) none of the above

Question 17

In an effort to attract assembly operations,Brazil allows certain product components to be imported at reduced tariff rates.This is an example of:

Accepted Answer

A) offsets. 
B) preferential tariffs. 
C) the effect of the Customs Valuation Code. 
D) an EMC. 
E) discriminatory procurement. 
A) offsets. 
B) preferential tariffs. 
C) the effect of the Customs Valuation Code. 
D) an EMC. 
E) discriminatory procurement.

Question 18

Which of the following correctly states the role of banks in import / export transactions involving a letter of credit (L / C)?

Accepted Answer

A) The importer's bank is the advising and / or confirming bank;the exporter's bank is the issuing bank. 
B) The exporter's bank is the advising and / or confirming bank;the importer's bank is the issuing bank. 
C) The exporter's bank is the advising,confirming,and issuing bank. 
D) The importer's bank is the advising,confirming,and issuing bank. 
E) none of the above 
A) The importer's bank is the advising and / or confirming bank;the exporter's bank is the issuing bank. 
B) The exporter's bank is the advising and / or confirming bank;the importer's bank is the issuing bank. 
C) The exporter's bank is the advising,confirming,and issuing bank. 
D) The importer's bank is the advising,confirming,and issuing bank. 
E) none of the above

Question 19

After the research effort has zeroed in on potential markets,there is no substitute for a personal visit to size up the market firsthand and begin the development of an actual export marketing program.

Accepted Answer

A) True 
 B)False

Question 20

What are the differences between antidumping and countervailing duties? Under what conditions are these duties imposed?

Accepted Answer

Dumping essentially refers to the sale o

According to percent market share of the top ten apparel exporting countries to the United States,which country ranked as number one in 2011?

Which of the following was a major U.S.tax incentive for exporters that the WTO recently ruled was an illegal subsidy?

The chief executives of Swiss Swatch Group and Japanese Canon would like to:

The Harmonized Tariff System (HTS)has eliminated virtually all problems associated with assigning tariff classifications to new products.

Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction?

In which of the following forms of export financing does a bank assume a financial obligation?

Which of the following incorrectly states the role of banks in import / export transactions involving a letter of credit (L / C)?

Officially,the EU tariffs on Chinese and Vietnamese shoe imports are known as:

Sweden applies a system to certain categories of imported agricultural products which is referred to as:

In an export / import transaction requiring a letter of credit (L / C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

Which of the following methods of financing would be used if the exporting and importing parties had a strong,long-standing relationship?

A nontariff barrier (NTB)is a hidden trade barrier which is a deterrent or obstacle to the sale of products in a foreign market.

Representatives of the apparel,footwear,and textile industries in many countries are deeply concerned about the impact increased trade with China will have on these sectors.

The only marketing mix element that is applicable in the export selling is:

It was found by research that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements,payment procedures,and regulations.

Which of the following arranges export financing payment methods in descending order starting with the most secure / reliable and ending with the least secure / reliable?

In an effort to attract assembly operations,Brazil allows certain product components to be imported at reduced tariff rates.This is an example of:

Which of the following correctly states the role of banks in import / export transactions involving a letter of credit (L / C)?

After the research effort has zeroed in on potential markets,there is no substitute for a personal visit to size up the market firsthand and begin the development of an actual export marketing program.

What are the differences between antidumping and countervailing duties? Under what conditions are these duties imposed?

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Global Market Entry Strategies: Licensing,investment,and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions Ii: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, organization, and Corporate Social Responsibility

Filters

Exam 8: Importing,exporting,and Sourcing

According to percent market share of the top ten apparel exporting countries to the United States,which country ranked as number one in 2011?

Which of the following was a major U.S.tax incentive for exporters that the WTO recently ruled was an illegal subsidy?

The chief executives of Swiss Swatch Group and Japanese Canon would like to:

The Harmonized Tariff System (HTS)has eliminated virtually all problems associated with assigning tariff classifications to new products.

Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction?

In which of the following forms of export financing does a bank assume a financial obligation?

Which of the following incorrectly states the role of banks in import / export transactions involving a letter of credit (L / C)?

Officially,the EU tariffs on Chinese and Vietnamese shoe imports are known as:

Sweden applies a system to certain categories of imported agricultural products which is referred to as:

In an export / import transaction requiring a letter of credit (L / C),the exporter's (seller's)bank can be known as the "advising" bank,the "confirming" bank,or both.

Which of the following methods of financing would be used if the exporting and importing parties had a strong,long-standing relationship?

A nontariff barrier (NTB)is a hidden trade barrier which is a deterrent or obstacle to the sale of products in a foreign market.

Representatives of the apparel,footwear,and textile industries in many countries are deeply concerned about the impact increased trade with China will have on these sectors.

The only marketing mix element that is applicable in the export selling is:

It was found by research that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements,payment procedures,and regulations.

Which of the following arranges export financing payment methods in descending order starting with the most secure / reliable and ending with the least secure / reliable?

In an effort to attract assembly operations,Brazil allows certain product components to be imported at reduced tariff rates.This is an example of:

Which of the following correctly states the role of banks in import / export transactions involving a letter of credit (L / C)?

After the research effort has zeroed in on potential markets,there is no substitute for a personal visit to size up the market firsthand and begin the development of an actual export marketing program.

What are the differences between antidumping and countervailing duties? Under what conditions are these duties imposed?

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Global Market Entry Strategies: Licensing,investment,and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions Ii: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, organization, and Corporate Social Responsibility

Filters