Question 1

Fundamentally,countertrade is best described as a(n)________ transaction.

Accepted Answer

A)  simple 
B)  common 
C)  desirable 
D)  inefficient

Question 2

Serendipity is often an export trigger for companies that purposefully look to internationalize their operations.

Accepted Answer

A) True 
 B)False

Question 3

Advocates of exporting e-waste assert that the activity helps entrepreneurs in developing countries create value by recovering and recycling scarce resources such as copper.

Accepted Answer

A) True 
 B)False

Question 4

The benefits of retaining a core competency within a company and purposefully threading that core competency through the value chain are referred to as ________ advantages.

Accepted Answer

A)  internalization 
B)  domestic 
C)  location 
D)  ownership

Question 5

The primary responsibilities of the ________ are the assessment and collection of all duties,taxes,and fees on imported merchandise,the enforcement of customs and related laws,and the administration of certain navigation laws and treaties.

Accepted Answer

A)  Bureau of Customs and Border Protection 
B)  U.S. Secret Service 
C)  Internal Revenue Service 
D)  Food and Drug Administration

Question 6

Small and medium-size enterprises,such as SpinCent as seen in the opening case for chapter 13,account for ________ of all U.S. exporters.

Accepted Answer

A)  38% 
B)  54% 
C)  79% 
D)  97%

Question 7

Why are financial risks a key concern of SMEs considering international trade?

Accepted Answer

The answer of Why are financial risks a key concern...

Question 8

Which of the following transactions refers to the sale of goods or services produced by a company based in one country to customers that reside in a different country?

Accepted Answer

A)  importing 
B)  countertrading 
C)  exporting 
D)  freight forwarding

Question 9

A driving factor for the growth in imports is the impact of ________.

Accepted Answer

A)  government programs 
B)  labor specialization 
C)  consumer preferences 
D)  social trends

Question 10

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 11

Exporters employ an export management company as part of an indirect exporting strategy.

Accepted Answer

A) True 
 B)False

Question 12

Why is countertrade considered inefficient?

Accepted Answer

The answer of Why is countertrade considered inefficient?...

Question 13

Major types of indirect intermediaries include export trading companies,distributors,and freight forwarding companies.

Accepted Answer

A) True 
 B)False

Question 14

Export intensity,the percentage of total revenues coming from exports,is not always correlated with company size.

Accepted Answer

A) True 
 B)False

Question 15

What are some reasons that firms decide to export their products or services? What does a firm need to consider when developing an export plan?

Accepted Answer

The answer of What are some reasons that firms decide...

Question 16

What are export management companies,and how do they help potential exporters?

Accepted Answer

The answer of What are export management companies,and how do...

Question 17

Companies can anticipate conducting countertrade with businesses in countries that ________.

Accepted Answer

A)  experience widespread economic problems 
B)  command strong negotiation positions 
C)  have sufficient access to cash 
D)  weakly regulate international trade

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

All of the following are benefits of countertrade EXCEPT ________.

Accepted Answer

A)  decreasing trade protectionism 
B)  increasing access to innovative technology 
C)  developing new trade relationships with foreign companies 
D)  preserving foreign exchange reserves

Question 20

Exporters who opt for direct exporting are most likely to _______.

Accepted Answer

A)  sustain long-term profitability 
B)  sell products to domestic retailers 
C)  depend on international marketers 
D)  sell products to a foreign distributor

Exam 13: Export and Import

Fundamentally,countertrade is best described as a(n) ________ transaction.

Serendipity is often an export trigger for companies that purposefully look to internationalize their operations.

Advocates of exporting e-waste assert that the activity helps entrepreneurs in developing countries create value by recovering and recycling scarce resources such as copper.

The benefits of retaining a core competency within a company and purposefully threading that core competency through the value chain are referred to as ________ advantages.

The primary responsibilities of the ________ are the assessment and collection of all duties,taxes,and fees on imported merchandise,the enforcement of customs and related laws,and the administration of certain navigation laws and treaties.

Small and medium-size enterprises,such as SpinCent as seen in the opening case for chapter 13,account for ________ of all U.S. exporters.

Why are financial risks a key concern of SMEs considering international trade?

Which of the following transactions refers to the sale of goods or services produced by a company based in one country to customers that reside in a different country?

A driving factor for the growth in imports is the impact of ________.

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

Exporters employ an export management company as part of an indirect exporting strategy.

Why is countertrade considered inefficient?

Major types of indirect intermediaries include export trading companies,distributors,and freight forwarding companies.

Export intensity,the percentage of total revenues coming from exports,is not always correlated with company size.

What are some reasons that firms decide to export their products or services? What does a firm need to consider when developing an export plan?

What are export management companies,and how do they help potential exporters?

Companies can anticipate conducting countertrade with businesses in countries that ________.

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

All of the following are benefits of countertrade EXCEPT ________.

Exporters who opt for direct exporting are most likely to _______.