Question 1

Export intermediaries are third-party firms that market products and services abroad on behalf of manufacturers,farm groups,and distributors.

Accepted Answer

A) True 
 B)False

Question 2

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 intermediation 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 intermediation in recent years.

Question 3

Iverson Products is a U.S.firm that is considering expanding internationally by exporting.Which of the following is the LEAST likely benefit for Iverson?

Accepted Answer

A)  boosting marketplace flexibility 
B)  improving economies of scale 
C)  facing lower business risk compared to other foreign market entry options 
D)  requiring fairly few resources 
A)  boosting marketplace flexibility 
B)  improving economies of scale 
C)  facing lower business risk compared to other foreign market entry options 
D)  requiring fairly few resources

Question 4

Which of the following is NOT one of the three main types of importers?

Accepted Answer

A)  importers looking for suppliers abroad to concentrate their operating risks 
B)  importers looking for any product around the world they can deliver to local citizens for a profit 
C)  importers looking to foreign-sourcing to get the highest quality products at the lowest possible price 
D)  importers using foreign sourcing to optimize their supply chains 
A)  importers looking for suppliers abroad to concentrate their operating risks 
B)  importers looking for any product around the world they can deliver to local citizens for a profit 
C)  importers looking to foreign-sourcing to get the highest quality products at the lowest possible price 
D)  importers using foreign sourcing to optimize their supply chains

Question 5

Companies are likely to export products abroad in all of the following situations EXCEPT which one?

Accepted Answer

A)  when their average cost per unit of home country production declines substantially by increasing output 
B)  when they want to use the riskiest but most profitable method to engage international trade 
C)  when they aim to increase degree of market diversification 
D)  when they are new to international business 
A)  when their average cost per unit of home country production declines substantially by increasing output 
B)  when they want to use the riskiest but most profitable method to engage international trade 
C)  when they aim to increase degree of market diversification 
D)  when they are new to international business

Question 6

Which of the following best explains why SpinCent decided to export?

Accepted Answer

A)  growth opportunities in Asia 
B)  labor demands in the U.S. 
C)  declining tariffs in the EU 
D)  promising market locations in South America 
A)  growth opportunities in Asia 
B)  labor demands in the U.S. 
C)  declining tariffs in the EU 
D)  promising market locations in South America

Question 7

This spring break you are planning to leave the U.S.and visit London,where you will stay in a hotel for 10 days.The London hotel will be performing a(n)________.

Accepted Answer

A)  indirect merchandise export 
B)  merchandise export 
C)  service export 
D)  service import 
A)  indirect merchandise export 
B)  merchandise export 
C)  service export 
D)  service import

Question 8

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 9

The Internet supports more companies' efforts to launch a direct exporting strategy by ________.

Accepted Answer

A)  providing information quickly and inexpensively 
B)  eliminating the need for highly detailed export plans 
C)  letting software take over customer service responsibilities 
D)  countering the power of electronic data interchange systems 
A)  providing information quickly and inexpensively 
B)  eliminating the need for highly detailed export plans 
C)  letting software take over customer service responsibilities 
D)  countering the power of electronic data interchange systems

Question 10

Barton Accessories has two retail stores and one production facility where the firm's line of leather belts and purses are assembled.Barton employs 430 people and generates nearly $1 million in revenue each year through domestic and international sales.Which term best describes the status of Barton?

Accepted Answer

A)  SME 
B)  MNE 
C)  MNC 
D)  FDI 
A)  SME 
B)  MNE 
C)  MNC 
D)  FDI

Question 11

Which of the following has been the LEAST likely outcome of e-commerce on exporting?

Accepted Answer

A)  enhancing supply chains 
B)  triggering a rise in born globals 
C)  overcoming capital limitations for SMEs 
D)  expanding market opportunities for traders 
A)  enhancing supply chains 
B)  triggering a rise in born globals 
C)  overcoming capital limitations for SMEs 
D)  expanding market opportunities for traders

Question 12

Countertrade is an alternative means of structuring an international sale when ________.

Accepted Answer

A)  natural resources are highly desirable 
B)  an importer is able to obtain a bank loan 
C)  an importer does not belong to the World Bank 
D)  conventional forms of payment are difficult, costly, or nonexistent 
A)  natural resources are highly desirable 
B)  an importer is able to obtain a bank loan 
C)  an importer does not belong to the World Bank 
D)  conventional forms of payment are difficult, costly, or nonexistent

Question 13

A major pitfall of exporting is misclassifying products in terms of the destination country's tariff schedule,thereby incurring a higher tax or slower delivery.

Accepted Answer

A) True 
 B)False

Question 14

Pender Pet Products is considered an opportunistic importer because the firm seeks products around the world that it can import and sell profitably to domestic consumers.

Accepted Answer

A) True 
 B)False

Question 15

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 16

________ 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 17

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 18

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 19

The probability of a company being an exporter is independent of the size of the company.

Accepted Answer

A) True 
 B)False

Question 20

According to surveys,the most common concern regarding international trade is a shortage of working capital to finance exporting activities.

Accepted Answer

A) True 
 B)False

Export intermediaries are third-party firms that market products and services abroad on behalf of manufacturers,farm groups,and distributors.

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

Iverson Products is a U.S.firm that is considering expanding internationally by exporting.Which of the following is the LEAST likely benefit for Iverson?

Which of the following is NOT one of the three main types of importers?

Companies are likely to export products abroad in all of the following situations EXCEPT which one?

Which of the following best explains why SpinCent decided to export?

This spring break you are planning to leave the U.S.and visit London,where you will stay in a hotel for 10 days.The London hotel will be performing a(n)________.

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

The Internet supports more companies' efforts to launch a direct exporting strategy by ________.

Barton Accessories has two retail stores and one production facility where the firm's line of leather belts and purses are assembled.Barton employs 430 people and generates nearly $1 million in revenue each year through domestic and international sales.Which term best describes the status of Barton?

Which of the following has been the LEAST likely outcome of e-commerce on exporting?

Countertrade is an alternative means of structuring an international sale when ________.

A major pitfall of exporting is misclassifying products in terms of the destination country's tariff schedule,thereby incurring a higher tax or slower delivery.

Pender Pet Products is considered an opportunistic importer because the firm seeks products around the world that it can import and sell profitably to domestic consumers.

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

________ 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.

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

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

The probability of a company being an exporter is independent of the size of the company.

According to surveys,the most common concern regarding international trade is a shortage of working capital to finance exporting activities.

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

Globalization and Society

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 and Finance Issues

International Human Resource Management

Filters

Exam 14: Export and Import

Export intermediaries are third-party firms that market products and services abroad on behalf of manufacturers,farm groups,and distributors.

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

Iverson Products is a U.S.firm that is considering expanding internationally by exporting.Which of the following is the LEAST likely benefit for Iverson?

Which of the following is NOT one of the three main types of importers?

Companies are likely to export products abroad in all of the following situations EXCEPT which one?

Which of the following best explains why SpinCent decided to export?

This spring break you are planning to leave the U.S.and visit London,where you will stay in a hotel for 10 days.The London hotel will be performing a(n)________.

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

The Internet supports more companies' efforts to launch a direct exporting strategy by ________.

Which of the following has been the LEAST likely outcome of e-commerce on exporting?

Countertrade is an alternative means of structuring an international sale when ________.

A major pitfall of exporting is misclassifying products in terms of the destination country's tariff schedule,thereby incurring a higher tax or slower delivery.

Pender Pet Products is considered an opportunistic importer because the firm seeks products around the world that it can import and sell profitably to domestic consumers.

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

________ 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.

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

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

The probability of a company being an exporter is independent of the size of the company.

According to surveys,the most common concern regarding international trade is a shortage of working capital to finance exporting activities.

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

Globalization and Society

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 and Finance Issues

International Human Resource Management

Filters