Question 1

Which of the following companies truly offer door-to-door delivery around the world?

Accepted Answer

A) U.S.Post Office & Ace Delivery Service 
B) Time-Warner Distribution & Wal-Mart Fast-Packaging 
C) Air freight forwarders & Ocean Freight carriers 
D) UPS & FedEx 
E) British Airways & American Airlines 
A) U.S.Post Office & Ace Delivery Service 
B) Time-Warner Distribution & Wal-Mart Fast-Packaging 
C) Air freight forwarders & Ocean Freight carriers 
D) UPS & FedEx 
E) British Airways & American Airlines D

Question 2

FedEx offers _____________ when it takes a manufacturer's product,warehouses it and keeps the inventory,provides all labor and technology,and moves it throughout the world.

Accepted Answer

A) total management service 
B) total distribution service 
C) total marketing service 
D) total information service 
E) total logistics service 
A) total management service 
B) total distribution service 
C) total marketing service 
D) total information service 
E) total logistics service E

Question 3

Mark Samuels and his partner Kelly Simms would like to gain the advantages of lower labor rates in Mexico to spur growth in their thriving computer assembly business.A friend has suggested that they consider a Maquiladoras operation in Juarez,Mexico.Write a short description of a Maquiladoras operation that might be useful for the two partners in making their decision.

Accepted Answer

Maquiladoras (also called in-bond companies or twin plants)is a name given to a customs-privileged facility that can be operated in Mexico.Using this form the Mexican government allows U.S.processing,packaging,assembling,and/or repair plants located in the in-bond area to import parts and processed materials without import taxes,provided the finished products are re-exported to the U.S.or to another foreign country.The U.S.government permits the re-importation of the goods with a reasonably low import tariff applied only to the value added while in Mexico.

Question 4

What three types customs duties are used in the United States? Describe each form (classification).

Accepted Answer

The three forms are (a)ad valorem duties

Question 5

According to the text,physical distribution systems take into account interdependence of the costs of each activity,meaning:

Accepted Answer

A) a decision involving one activity affects the cost and efficiency of one or all other activities. 
B) reliance on distribution systems to overcome international resistance to global interdependence. 
C) what goes up must come down. 
D) the physical distance does not equal the cost of transportation. 
E) the separation of distribution systems from other internal functions creates a dynamic scoring calculation. 
A) a decision involving one activity affects the cost and efficiency of one or all other activities. 
B) reliance on distribution systems to overcome international resistance to global interdependence. 
C) what goes up must come down. 
D) the physical distance does not equal the cost of transportation. 
E) the separation of distribution systems from other internal functions creates a dynamic scoring calculation.

Question 6

The Department of Commerce published a revised set of export regulations known as________________________________.

Accepted Answer

Export Adm

Question 7

Which of the following is designed to speed up the process for granting export licenses by removing a large number of items from specific export license control?

Accepted Answer

A) Import Administration Regulations 
B) Commerce Agency Regulations 
C) Better Business Bureau Statutes 
D) Export Administration Regulations 
E) Federal Customs Regulations. 
A) Import Administration Regulations 
B) Commerce Agency Regulations 
C) Better Business Bureau Statutes 
D) Export Administration Regulations 
E) Federal Customs Regulations.

Question 8

Walker James has just been offered an opportunity to re-export some materials that originated in Sicily.He wants to be honest about the opportunity and determine if there might be any potential problems with the Bureau of Export Administration before going forwards with the deal.Which of the following might be serious "red flags" that might alert Mr.James to potential difficulties?

Accepted Answer

A) the exporter is located in France 
B) the exporter is having difficulty with a labor union in Sicily 
C) the shipping route is abnormal for the product and its eventual destination. 
D) the exporter has an outstanding export history. 
E) the exporter recently made staff reductions. 
A) the exporter is located in France 
B) the exporter is having difficulty with a labor union in Sicily 
C) the shipping route is abnormal for the product and its eventual destination. 
D) the exporter has an outstanding export history. 
E) the exporter recently made staff reductions.

Question 9

According to the text,the United States has specific quotas for importing all of the following EXCEPT:

Accepted Answer

A) sugar. 
B) wheat. 
C) peanuts. 
D) toys. 
E) cotton. 
A) sugar. 
B) wheat. 
C) peanuts. 
D) toys. 
E) cotton.

Question 10

According to information presented in the text,if an exporter were to conceal one item for which permission to export had not been granted in with items that had proper permissions and credentials,the exporter would be in violation of which of the following?

Accepted Answer

A) export license requirements 
B) antiboycott provisions 
C) duel use products 
D) faulty factoring 
E) deceitful distribution 
A) export license requirements 
B) antiboycott provisions 
C) duel use products 
D) faulty factoring 
E) deceitful distribution

Question 11

_________ regulations may be imposed to protect health,conserve foreign exchange,or serve as economic reprisals.

Accepted Answer

A) Export 
B) Import 
C) Demand 
D) Supply 
E) Maritime 
A) Export 
B) Import 
C) Demand 
D) Supply 
E) Maritime

Question 12

Fifteen years ago,Apex Photographic Supply got into difficulty with the world community when it attempted to send photographic recovery processing equipment to the then outlawed South African government by shipping through Israel (which recognized the South African government).The exporter was found to be in violation of which of the following?

Accepted Answer

A) export license requirements 
B) antiboycott provisions 
C) duel use products 
D) faulty factoring 
E) deceitful promotion and communication 
A) export license requirements 
B) antiboycott provisions 
C) duel use products 
D) faulty factoring 
E) deceitful promotion and communication

Question 13

All of the following are forms of a customs-privileged facility EXCEPT:

Accepted Answer

A) foreign trade zones. 
B) free trade zones. 
C) free ports. 
D) in-bond arrangements. 
E) all of the above are types of customs-privileged facilities. 
A) foreign trade zones. 
B) free trade zones. 
C) free ports. 
D) in-bond arrangements. 
E) all of the above are types of customs-privileged facilities.

Question 14

In the United States domestic trade,it is customary to ship __________ meaning that the price is established at the door of the factory.

Accepted Answer

A) CIF 
B) C&F 
C) FAS 
D) FOB 
E) EX 
A) CIF 
B) C&F 
C) FAS 
D) FOB 
E) EX

Question 15

If a country places an absolute restriction against trade with a country it has initiated a(n)__________.

Accepted Answer

The answer of If a country places an absolute restriction...

Question 16

Three kinds of barriers to exporting facing international traders: managerial,organizational,and external.

Accepted Answer

A) True 
 B)False

Question 17

Before 9/11,security in logistics referred to preventing theft or pilferage.

Accepted Answer

A) True 
 B)False

Question 18

The Certificate of Origin is the most important document required for establishing legal ownership and facilitating financial transactions.

Accepted Answer

A) True 
 B)False

Question 19

The _______________ arranges for the shipment of goods as the agent for an exporter.

Accepted Answer

A) rack jobber 
B) drop shipper 
C) foreign freight forwarder 
D) import contractor 
E) export management service 
A) rack jobber 
B) drop shipper 
C) foreign freight forwarder 
D) import contractor 
E) export management service

Question 20

Which of the following is a benefit of a physical distribution system?

Accepted Answer

A) cost advantages 
B) piggy-back cargo service 
C) cargo passenger service 
D) air drop capability 
E) free ocean transport 
A) cost advantages 
B) piggy-back cargo service 
C) cargo passenger service 
D) air drop capability 
E) free ocean transport

Which of the following companies truly offer door-to-door delivery around the world?

FedEx offers _____________ when it takes a manufacturer's product,warehouses it and keeps the inventory,provides all labor and technology,and moves it throughout the world.

What three types customs duties are used in the United States? Describe each form (classification).

According to the text,physical distribution systems take into account interdependence of the costs of each activity,meaning:

The Department of Commerce published a revised set of export regulations known as________________________________.

Which of the following is designed to speed up the process for granting export licenses by removing a large number of items from specific export license control?

According to the text,the United States has specific quotas for importing all of the following EXCEPT:

According to information presented in the text,if an exporter were to conceal one item for which permission to export had not been granted in with items that had proper permissions and credentials,the exporter would be in violation of which of the following?

_________ regulations may be imposed to protect health,conserve foreign exchange,or serve as economic reprisals.

All of the following are forms of a customs-privileged facility EXCEPT:

In the United States domestic trade,it is customary to ship __________ meaning that the price is established at the door of the factory.

If a country places an absolute restriction against trade with a country it has initiated a(n)__________.

Three kinds of barriers to exporting facing international traders: managerial,organizational,and external.

Before 9/11,security in logistics referred to preventing theft or pilferage.

The Certificate of Origin is the most important document required for establishing legal ownership and facilitating financial transactions.

The _______________ arranges for the shipment of goods as the agent for an exporter.

Which of the following is a benefit of a physical distribution system?

The Scope and Challenge of International Marketing

The Dynamic Environment of International Trade

History and Geography: The Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: A Critical Concern

The International Legal Environment: Playing by the Rules

Developing a Global Vision Through Marketing Research

Emerging Markets

Multinational Market Regions and Market Groups

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Negotiating With International Customers, Partners, and Regulators

Filters

Exam 15: Exporting and Logistics: Special Issues for Business

Which of the following companies truly offer door-to-door delivery around the world?

FedEx offers _____________ when it takes a manufacturer's product,warehouses it and keeps the inventory,provides all labor and technology,and moves it throughout the world.

What three types customs duties are used in the United States? Describe each form (classification).

According to the text,physical distribution systems take into account interdependence of the costs of each activity,meaning:

The Department of Commerce published a revised set of export regulations known as________________________________.

Which of the following is designed to speed up the process for granting export licenses by removing a large number of items from specific export license control?

According to the text,the United States has specific quotas for importing all of the following EXCEPT:

According to information presented in the text,if an exporter were to conceal one item for which permission to export had not been granted in with items that had proper permissions and credentials,the exporter would be in violation of which of the following?

_________ regulations may be imposed to protect health,conserve foreign exchange,or serve as economic reprisals.

All of the following are forms of a customs-privileged facility EXCEPT:

In the United States domestic trade,it is customary to ship __________ meaning that the price is established at the door of the factory.

If a country places an absolute restriction against trade with a country it has initiated a(n)__________.

Three kinds of barriers to exporting facing international traders: managerial,organizational,and external.

Before 9/11,security in logistics referred to preventing theft or pilferage.

The Certificate of Origin is the most important document required for establishing legal ownership and facilitating financial transactions.

The _______________ arranges for the shipment of goods as the agent for an exporter.

Which of the following is a benefit of a physical distribution system?

The Scope and Challenge of International Marketing

The Dynamic Environment of International Trade

History and Geography: The Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: A Critical Concern

The International Legal Environment: Playing by the Rules

Developing a Global Vision Through Marketing Research

Emerging Markets

Multinational Market Regions and Market Groups

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Negotiating With International Customers, Partners, and Regulators

Filters