Question 1

Export quotas can be used to control scarce resources or prices of products for which an exporting country faces heavy competition.

Accepted Answer

A) True 
 B)False  False

Question 2

The United States export policy is mostly concerned about

Accepted Answer

A)   keeping some military technologies away from some countries.
B)   stopping exports of non-essential items to countries that cannot afford them.
C)   regulating exports to countries that have strong import regulations.
D)   All of the above
E)   None of the above A

Question 3

In 1996,the _____ was revised to a U.S.export policy stating that "everything is authorized unless it is specifically prohibited."

Accepted Answer

A)   Destination Control Statement
B)   EAR
C)   pro forma invoice
D)   Shipper's Export Declaration
E)   None of the above B

Question 4

A careful preparation of all of the documents by the exporter helps the importer tremendously when it is time to clear Customs.

Accepted Answer

A) True 
 B)False

Question 5

Export taxes

Accepted Answer

A)   protect importers from fraudulent exporters.
B)   are certified by the exporter's chamber of commerce.
C)   may be used when the shipped goods are minerals in short supply, or when the product has been heavily subsidized by the government.
D)   All of the above
E)   None of the above

Question 6

A document sometimes requested by the importer that is signed by an independent third party attesting to authenticity and accuracy of a shipment is a Certificate of ____________________.

Accepted Answer

The answer of A document sometimes requested by the importer...

Question 7

For an American exporter,one way to avoid delays in the port of departure in the United States is to

Accepted Answer

A)   make sure that the Shipper's Export Declaration has been filed on time.
B)   make sure that the number of original invoices and bills of lading is at least five.
C)   make sure that the invoice has been visa-ed by the consulate of the importing country.
D)   make sure that the packing list has been written in the language of the importing country.
E)   None of the above

Question 8

A consular invoice is a regular commercial invoice printed on stationery provided by a country and visa-ed by its consulate in the exporter's country.

Accepted Answer

A) True 
 B)False

Question 9

One of the requirements for a U.S.shipper's export declaration is for exports valued at more than ____________________ per item category.

Accepted Answer

The answer of One of the requirements for a U.S.shipper's...

Question 10

Export quotas can be used to control scarce resources or prices of products for which a country has a monopoly.

Accepted Answer

A) True 
 B)False

Question 11

Among other things,tariff rates are determined based on the shipment's weight.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following regulate shipments of dangerous goods?

Accepted Answer

A)   the SWIFT
B)   the Shipper's Export Declaration
C)   the International Maritime Dangerous Goods Code
D)   All of the above
E)   None of the above

Question 13

Which of the following pieces of information does an international commercial invoice contain?

Accepted Answer

A)   Incoterms
B)   a precise description of the product
C)   terms of payment
D)   All of the above
E)   None of the above

Question 14

A specialized commercial invoice is considered a trade barrier.

Accepted Answer

A) True 
 B)False

Question 15

A product not on the Commerce Control List,or whose Export Control Classification Number does not call for an export license,is classified as

Accepted Answer

A)   NLR.
B)   SED.
C)   BIS.
D)   UCC.
E)   None of the above

Question 16

The commercial invoice

Accepted Answer

A)   is sent ahead of the shipment.
B)   is the same thing as a letter of credit.
C)   replaces the need for an export license.
D)   All of the above
E)   None of the above

Question 17

A country may use import documents to enact a protectionist policy.

Accepted Answer

A) True 
 B)False

Question 18

A uniform bill of lading is not used for inland transportation.

Accepted Answer

A) True 
 B)False

Question 19

Besides a contract and a receipt for goods,an ocean bill of lading is

Accepted Answer

A)   a certificate of title.
B)   a substitute for a Certificate of Insurance.
C)   an Incoterm.
D)   All of the above
E)   None of the above

Question 20

The Shipper's Export Declaration is required for export parcels valued at more than $500 that are sent through the postal system.

Accepted Answer

A) True 
 B)False

Exam 9: International Commercial Documents

Export quotas can be used to control scarce resources or prices of products for which an exporting country faces heavy competition.

The United States export policy is mostly concerned about

In 1996,the _____ was revised to a U.S.export policy stating that "everything is authorized unless it is specifically prohibited."

A careful preparation of all of the documents by the exporter helps the importer tremendously when it is time to clear Customs.

Export taxes

A document sometimes requested by the importer that is signed by an independent third party attesting to authenticity and accuracy of a shipment is a Certificate of ____________________.

For an American exporter,one way to avoid delays in the port of departure in the United States is to

A consular invoice is a regular commercial invoice printed on stationery provided by a country and visa-ed by its consulate in the exporter's country.

One of the requirements for a U.S.shipper's export declaration is for exports valued at more than ____________________ per item category.

Export quotas can be used to control scarce resources or prices of products for which a country has a monopoly.

Among other things,tariff rates are determined based on the shipment's weight.

Which of the following regulate shipments of dangerous goods?

Which of the following pieces of information does an international commercial invoice contain?

A specialized commercial invoice is considered a trade barrier.

A product not on the Commerce Control List,or whose Export Control Classification Number does not call for an export license,is classified as

The commercial invoice

A country may use import documents to enact a protectionist policy.

A uniform bill of lading is not used for inland transportation.

Besides a contract and a receipt for goods,an ocean bill of lading is

The Shipper's Export Declaration is required for export parcels valued at more than $500 that are sent through the postal system.