Question 1

Gray market channels are also known as parallel imports.

Accepted Answer

A) True 
 B)False

Question 2

Ex-Im Bank is not an aid or development agency, but a_____________________ corporation.

Accepted Answer

A)  state 
B)  domestic 
C)  regional 
D)  private 
E)  government 
A)  state 
B)  domestic 
C)  regional 
D)  private 
E)  government

Question 3

INCOTERMS is an acronym for _____________________________________.

Accepted Answer

Internatio

Question 4

The American Export Trading Company act was passed in 1982.

Accepted Answer

A) True 
 B)False

Question 5

Exchange risk is the risk that the importer will not pay or fail to pay on the agreed
terms.

Accepted Answer

A) True 
 B)False

Question 6

The combination export manager (CEM) acts as the import department to a small
importer.

Accepted Answer

A) True 
 B)False

Question 7

A(n) _______________________ is a payment form where a cash payment occurs when the order is placed.

Accepted Answer

A)  cash with order 
B)  confirmed irrevocable letter of credit 
C)  sight draft 
D)  time draft 
E)  consignment 
A)  cash with order 
B)  confirmed irrevocable letter of credit 
C)  sight draft 
D)  time draft 
E)  consignment

Question 8

A bill of lading is a contract between the exporter and the shipper indicating that the
shipper has accepted responsibility for the goods and will provide transportation in
return for payment.

Accepted Answer

A) True 
 B)False

Question 9

______________________ duties are duties that are assessed to counter the effects of subsidies provided by foreign governments to goods that are exported
To the United States.

Accepted Answer

A)  Ad valorem 
B)  Specific 
C)  Compound 
D)  Countervailing 
E)  Antidumping 
A)  Ad valorem 
B)  Specific 
C)  Compound 
D)  Countervailing 
E)  Antidumping

Question 10

When the exporter quotes a price for the goods, including charges for delivery of the goods alongside a vessel at a port (the seller covers all costs of unloading and
Wharfage plus loading the goods on the vessel and the buyer covers all other charges
To get the goods to the buyer), this form of terms of shipment is called:

Accepted Answer

A)  ex-works. 
B)  free alongside ship (FAS). 
C)  free on board (FO
B) . 
D)  cost and freight (CFR). 
E)  Cost, Insurance, and Freight (CIF). 
A)  ex-works. 
B)  free alongside ship (FAS). 
C)  free on board (FO
B) . 
D)  cost and freight (CFR). 
E)  Cost, Insurance, and Freight (CIF).

Question 11

With respect to importing fees, a(n) ______________ duty is a percentage of the
value of the merchandise.

Accepted Answer

The answer of With respect to importing fees, a(n) ______________...

Question 12

The World Bank is a federally supported bank whose mission is to support the Ex-Im
Bank.

Accepted Answer

A) True 
 B)False

Question 13

In 2011, exports represented about __________ percent of the U.S. GDP.

Accepted Answer

A)  5 percent 
B)  8 percent 
C)  9 percent 
D)  10 percent 
E)  14 percent 
A)  5 percent 
B)  8 percent 
C)  9 percent 
D)  10 percent 
E)  14 percent

Question 14

Exporting is the first mode of foreign entry used by many companies.

Accepted Answer

A) True 
 B)False

Question 15

___________________ is the most popular way for many companies to become international.

Accepted Answer

A)  Exporting 
B)  Importing 
C)  Licensing 
D)  Contract manufacturing 
E)  None of the above 
A)  Exporting 
B)  Importing 
C)  Licensing 
D)  Contract manufacturing 
E)  None of the above

Question 16

A(n) __________________ is a payment form where a shipment is held by the importer until the merchandise has been sold, at which time payment is made to the
Exporter.

Accepted Answer

A)  cash with order 
B)  confirmed irrevocable letter of credit 
C)  sight draft 
D)  time draft 
E)  consignment 
A)  cash with order 
B)  confirmed irrevocable letter of credit 
C)  sight draft 
D)  time draft 
E)  consignment

Question 17

Pick three (3) of the options available to exporters when it comes to terms of payment. Explain each of the options available based on your choice.

Accepted Answer

The terms of payment are outlined in Exh

Question 18

Exports from the United States do not require an export license.

Accepted Answer

A) True 
 B)False

Question 19

Conducting export research on China and Russia would best be done by:

Accepted Answer

A)  doing database research. 
B)  doing on-line searches. 
C)  doing field work. 
D)  using existing government facts and figures. 
E)  using data supplied by trade missions. 
A)  doing database research. 
B)  doing on-line searches. 
C)  doing field work. 
D)  using existing government facts and figures. 
E)  using data supplied by trade missions.

Question 20

For a firm beginning exports for the first time, the first step is to use available primary data.

Accepted Answer

A) True 
 B)False

Gray market channels are also known as parallel imports.

Ex-Im Bank is not an aid or development agency, but a_____________________ corporation.

INCOTERMS is an acronym for _____________________________________.

The American Export Trading Company act was passed in 1982.

Exchange risk is the risk that the importer will not pay or fail to pay on the agreed terms.

The combination export manager (CEM) acts as the import department to a small importer.

A(n) _______________________ is a payment form where a cash payment occurs when the order is placed.

A bill of lading is a contract between the exporter and the shipper indicating that the shipper has accepted responsibility for the goods and will provide transportation in return for payment.

______________________ duties are duties that are assessed to counter the effects of subsidies provided by foreign governments to goods that are exported To the United States.

With respect to importing fees, a(n) ______________ duty is a percentage of the value of the merchandise.

The World Bank is a federally supported bank whose mission is to support the Ex-Im Bank.

In 2011, exports represented about __________ percent of the U.S. GDP.

Exporting is the first mode of foreign entry used by many companies.

___________________ is the most popular way for many companies to become international.

A(n) __________________ is a payment form where a shipment is held by the importer until the merchandise has been sold, at which time payment is made to the Exporter.

Pick three (3) of the options available to exporters when it comes to terms of payment. Explain each of the options available based on your choice.

Exports from the United States do not require an export license.

Conducting export research on China and Russia would best be done by:

For a firm beginning exports for the first time, the first step is to use available primary data.

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters

Exam 16: Export and Import Management

Gray market channels are also known as parallel imports.

Ex-Im Bank is not an aid or development agency, but a_____________________ corporation.

INCOTERMS is an acronym for _____________________________________.

The American Export Trading Company act was passed in 1982.

Exchange risk is the risk that the importer will not pay or fail to pay on the agreed terms.

The combination export manager (CEM) acts as the import department to a small importer.

A(n) _______________________ is a payment form where a cash payment occurs when the order is placed.

A bill of lading is a contract between the exporter and the shipper indicating that the shipper has accepted responsibility for the goods and will provide transportation in return for payment.

______________________ duties are duties that are assessed to counter the effects of subsidies provided by foreign governments to goods that are exported To the United States.

With respect to importing fees, a(n) ______________ duty is a percentage of the value of the merchandise.

The World Bank is a federally supported bank whose mission is to support the Ex-Im Bank.

In 2011, exports represented about __________ percent of the U.S. GDP.

Exporting is the first mode of foreign entry used by many companies.

___________________ is the most popular way for many companies to become international.

A(n) __________________ is a payment form where a shipment is held by the importer until the merchandise has been sold, at which time payment is made to the Exporter.

Pick three (3) of the options available to exporters when it comes to terms of payment. Explain each of the options available based on your choice.

Exports from the United States do not require an export license.

Conducting export research on China and Russia would best be done by:

For a firm beginning exports for the first time, the first step is to use available primary data.

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters