Question 1

Exporting helps firms improve productivity by utilizing unused capacity and spreading research costs over more customers.

Accepted Answer

A) True 
 B)False

Question 2

The probability that a business is engaged in exporting tends to ________.

Accepted Answer

A)  decrease with the size of the firm 
B)  increase with the product life cycle 
C)  decrease with the product life cycle 
D)  increase with the size of the firm 
A)  decrease with the size of the firm 
B)  increase with the product life cycle 
C)  decrease with the product life cycle 
D)  increase with the size of the firm

Question 3

Indirect exporters sells goods to a foreign intermediary,who then sells the product in the domestic market to the final consumer.

Accepted Answer

A) True 
 B)False

Question 4

A freight forwarder performs which of the following functions?

Accepted Answer

A)  arranging the fastest and cheapest transportation of products to and from foreign suppliers 
B)  taking title to the goods it exports and imports from country to country 
C)  acting as a sales representative in a foreign market 
D)  valuing products that qualify for favorable tariffs 
A)  arranging the fastest and cheapest transportation of products to and from foreign suppliers 
B)  taking title to the goods it exports and imports from country to country 
C)  acting as a sales representative in a foreign market 
D)  valuing products that qualify for favorable tariffs

Question 5

Corbin Coffee plans to initiate activities in foreign markets through indirect exporting. The firm is most likely to use ________.

Accepted Answer

A)  local managers to pay tariffs and duties 
B)  external specialists to assist in the export process 
C)  the International Trade Administration to monitor exports 
D)  freight forwarders to act as distributors in foreign markets 
A)  local managers to pay tariffs and duties 
B)  external specialists to assist in the export process 
C)  the International Trade Administration to monitor exports 
D)  freight forwarders to act as distributors in foreign markets

Question 6

Which of the following is true of export trading companies in the United States?

Accepted Answer

A)  They are like independent distributors that match buyers with buyers. 
B)  They are prohibited from working with a firm's competitors due to antitrust laws. 
C)  They must be established independently of the company in order to avoid a conflict of interest. 
D)  They have been a successful form of export intermediary in recent years. 
A)  They are like independent distributors that match buyers with buyers. 
B)  They are prohibited from working with a firm's competitors due to antitrust laws. 
C)  They must be established independently of the company in order to avoid a conflict of interest. 
D)  They have been a successful form of export intermediary in recent years.

Question 7

The incremental internationalization view of exporting holds that companies first target countries that are ________ their home market.

Accepted Answer

A)  different from 
B)  similar to 
C)  smaller than 
D)  larger than 
A)  different from 
B)  similar to 
C)  smaller than 
D)  larger than

Question 8

The ________ of a firm is the share of its total output that is exported.

Accepted Answer

A)  freight forward 
B)  incremental export 
C)  export intensity 
D)  intermodal export 
A)  freight forward 
B)  incremental export 
C)  export intensity 
D)  intermodal export

Question 9

________ refers to any one of several different arrangements that business parties negotiate so that they can trade goods and services with limited or no use of currency.

Accepted Answer

A)  Factoring 
B)  Offset 
C)  Countertrade 
D)  Barter 
A)  Factoring 
B)  Offset 
C)  Countertrade 
D)  Barter

Question 10

Discuss the various ways a broker or other import consultant can help an importer minimize import duties.

Accepted Answer

a.Valuing products in such a way that th

Question 11

What is the most likely reason that firms avoid aggressively seeking export opportunities?

Accepted Answer

A)  Exporting is an activity best left to large, resource rich firms. 
B)  Firms are unaware of opportunities in foreign markets. 
C)  Foreign customers cannot easily communicate their needs. 
D)  Firms are reluctant to adjust their established business practices. 
A)  Exporting is an activity best left to large, resource rich firms. 
B)  Firms are unaware of opportunities in foreign markets. 
C)  Foreign customers cannot easily communicate their needs. 
D)  Firms are reluctant to adjust their established business practices.

Question 12

A company classified as a small and medium-sized enterprise (SME)has fewer than 500 employees.

Accepted Answer

A) True 
 B)False

Question 13

A broker or other import consultant can help an importer minimize import duties by ________.

Accepted Answer

A)  bypassing duty rebates available through drawback provisions 
B)  incurring duties by using non-bonded warehouses and foreign trade zones 
C)  maximizing liability by improperly marking an import's country of origin 
D)  valuing products in such a way that they qualify for more favorable duty treatment 
A)  bypassing duty rebates available through drawback provisions 
B)  incurring duties by using non-bonded warehouses and foreign trade zones 
C)  maximizing liability by improperly marking an import's country of origin 
D)  valuing products in such a way that they qualify for more favorable duty treatment

Question 14

What are the three main types of exporters? What are the three main types of importers? Briefly describe the characteristics of each.

Accepted Answer

Occasional exporters are firms that have

Question 15

Which of the following is typically true of an export management company?

Accepted Answer

A)  It is usually a division of a manufacturing company. 
B)  Most EMCs in the United States are large, representing a wide range of products and large number of companies. 
C)  It operates on a contractual basis for a manufacturer by helping obtain orders for its clients' products. 
D)  It usually takes title to products rather than act as an agent. 
A)  It is usually a division of a manufacturing company. 
B)  Most EMCs in the United States are large, representing a wide range of products and large number of companies. 
C)  It operates on a contractual basis for a manufacturer by helping obtain orders for its clients' products. 
D)  It usually takes title to products rather than act as an agent.

Question 16

What is a born global? How has technology triggered the growth of born globals?

Accepted Answer

Rather than methodically engaging foreig

Question 17

Smithson Pottery is considered a regular exporter because the firm fills unsolicited orders from foreign buyers and passively investigates international trade options.

Accepted Answer

A) True 
 B)False

Question 18

All of the following are primary duties of the Bureau of Customs and Border Protection EXCEPT which one?

Accepted Answer

A)  assessing all duties, taxes, and fees on imported merchandise 
B)  collecting import and export tariffs 
C)  protecting the U.S. from threatening imports 
D)  policing smuggling operations 
A)  assessing all duties, taxes, and fees on imported merchandise 
B)  collecting import and export tariffs 
C)  protecting the U.S. from threatening imports 
D)  policing smuggling operations

Question 19

Which of the following is usually NOT a factor that triggers companies to look to exports to boost total sales?

Accepted Answer

A)  maturity of the domestic market 
B)  potential to leverage core competencies in foreign markets 
C)  social needs in developing countries 
D)  response to the market entry of a foreign rival 
A)  maturity of the domestic market 
B)  potential to leverage core competencies in foreign markets 
C)  social needs in developing countries 
D)  response to the market entry of a foreign rival

Question 20

A(n)________ operates on a contractual basis and provides exclusive representation for an exporter's goods and services in a foreign market.

Accepted Answer

A)  export management company 
B)  import broker 
C)  invoice agent 
D)  countertrader 
A)  export management company 
B)  import broker 
C)  invoice agent 
D)  countertrader

Exporting helps firms improve productivity by utilizing unused capacity and spreading research costs over more customers.

The probability that a business is engaged in exporting tends to ________.

Indirect exporters sells goods to a foreign intermediary,who then sells the product in the domestic market to the final consumer.

A freight forwarder performs which of the following functions?

Corbin Coffee plans to initiate activities in foreign markets through indirect exporting. The firm is most likely to use ________.

Which of the following is true of export trading companies in the United States?

The incremental internationalization view of exporting holds that companies first target countries that are ________ their home market.

The ________ of a firm is the share of its total output that is exported.

________ refers to any one of several different arrangements that business parties negotiate so that they can trade goods and services with limited or no use of currency.

Discuss the various ways a broker or other import consultant can help an importer minimize import duties.

What is the most likely reason that firms avoid aggressively seeking export opportunities?

A company classified as a small and medium-sized enterprise (SME)has fewer than 500 employees.

A broker or other import consultant can help an importer minimize import duties by ________.

What are the three main types of exporters? What are the three main types of importers? Briefly describe the characteristics of each.

Which of the following is typically true of an export management company?

What is a born global? How has technology triggered the growth of born globals?

Smithson Pottery is considered a regular exporter because the firm fills unsolicited orders from foreign buyers and passively investigates international trade options.

All of the following are primary duties of the Bureau of Customs and Border Protection EXCEPT which one?

Which of the following is usually NOT a factor that triggers companies to look to exports to boost total sales?

A(n)________ operates on a contractual basis and provides exclusive representation for an exporter's goods and services in a foreign market.

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

The Strategy of International Business

Country Evaluation and Selection

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting Issues

The Multinational Finance Function

International Human Resources

Filters

Exam 13: Export and Import

Exporting helps firms improve productivity by utilizing unused capacity and spreading research costs over more customers.

The probability that a business is engaged in exporting tends to ________.

Indirect exporters sells goods to a foreign intermediary,who then sells the product in the domestic market to the final consumer.

A freight forwarder performs which of the following functions?

Corbin Coffee plans to initiate activities in foreign markets through indirect exporting. The firm is most likely to use ________.

Which of the following is true of export trading companies in the United States?

The incremental internationalization view of exporting holds that companies first target countries that are ________ their home market.

The ________ of a firm is the share of its total output that is exported.

________ refers to any one of several different arrangements that business parties negotiate so that they can trade goods and services with limited or no use of currency.

Discuss the various ways a broker or other import consultant can help an importer minimize import duties.

What is the most likely reason that firms avoid aggressively seeking export opportunities?

A company classified as a small and medium-sized enterprise (SME)has fewer than 500 employees.

A broker or other import consultant can help an importer minimize import duties by ________.

What are the three main types of exporters? What are the three main types of importers? Briefly describe the characteristics of each.

Which of the following is typically true of an export management company?

What is a born global? How has technology triggered the growth of born globals?

Smithson Pottery is considered a regular exporter because the firm fills unsolicited orders from foreign buyers and passively investigates international trade options.

All of the following are primary duties of the Bureau of Customs and Border Protection EXCEPT which one?

Which of the following is usually NOT a factor that triggers companies to look to exports to boost total sales?

A(n)________ operates on a contractual basis and provides exclusive representation for an exporter's goods and services in a foreign market.

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

The Strategy of International Business

Country Evaluation and Selection

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting Issues

The Multinational Finance Function

International Human Resources

Filters