Exporting,importing,and Global Sourcing

This question bank verified by Studydeets

Questions Bank

Introduction
International Trade and Foreign Direct Investment
Culture and Business
World Economies
Global and Regional Economic Cooperation and Integration
International Monetary System
Foreign Exchange and the Global Capital Markets
International Expansion and Global Market Opportunity Assessment
Exporting,Importing,and Global Sourcing
Strategy and International Business
Global Entrepreneurship and Intrapreneurship
Winning Through Effective,global Talent Management
Harnessing the Engine of Global Innovation
Competing Effectively Through Global Marketing,Distribution,and Supply-Chain Management
Understanding the Roles of Finance and Accounting in Global Competitive Advantage

All Questions

Question 1

Free

True/False

Companies use distributors because distributors know the local market and are a cost-effective way to enter that market.

Choose correct answer/s

True

False

Check answer

Question 2

Free

True/False

An export management company is a government organization that ensures sound development of a country's export trade through quality control and inspection.

Choose correct answer/s

True

False

Check answer

Question 3

Free

True/False

Under a licensing agreement,a multinational firm provides a bundle of services and products to a foreign company.

Choose correct answer/s

True

False

Check answer

Question 4

Free

True/False

Licensing makes for a flatter world,because it creates a legal vehicle for taking a product or service delivered in one country and providing a nearly identical version of that product or service in another country.

Choose correct answer/s

True

False

Check answer

Question 5

Free

True/False

Under a licensing agreement,the licenser is normally paid a royalty on each unit produced and sold.

Choose correct answer/s

True

False

Check answer

Question 6

True/False

Countertrade is a resourceful way for exporters to sell their products and services to foreign companies or countries that would be unable to pay for them using hard currency alone.

Choose correct answer/s

True

False

To unlock the question

Question 7

True/False

Distributors or export intermediaries are barred from taking title to the goods and then reselling them.

Choose correct answer/s

True

False

To unlock the question

Question 8

True/False

In global sourcing,ocean transport has a higher carbon footprint compared to transporting goods by air and truck.

Choose correct answer/s

True

False

To unlock the question

Question 9

True/False

Entrepreneurs benefit from outsourcing because they can acquire services as needed,without having to build those capabilities internally.

Choose correct answer/s

True

False

To unlock the question

Question 10

True/False

The customs invoice acts as proof that the shipment was made and that the goods have been received.

Choose correct answer/s

True

False

To unlock the question

Question 11

True/False

Most companies consider licensing to be a low-risk market-entry option because there is typically no upfront investment.

Choose correct answer/s

True

False

To unlock the question

Question 12

True/False

Governments use bills of lading to determine the value of the goods for customs-valuation purposes.

Choose correct answer/s

True

False

To unlock the question

Question 13

True/False

Countertrade also can mitigate the risk of price movements or currency-exchange-rate fluctuations.

Choose correct answer/s

True

False

To unlock the question

Question 14

True/False

Import duties are lower for countries that are designated as a "most favored nation."

Choose correct answer/s

True

False

To unlock the question

Question 15

True/False

The sight draft is payable at a later time,typically 30,60,90,or 120 days in the future as specified by the draft.

Choose correct answer/s

True

False

To unlock the question

Question 16

True/False

Customs administration offices in both the home country and the country to which the item is being exported are involved in the transaction of goods.

Choose correct answer/s

True

False

To unlock the question

Question 17

True/False

The carbon-footprint measure focuses on distance rather than looking at all the fossil fuels used in the manufacture of an item.

Choose correct answer/s

True

False

To unlock the question

Question 18

True/False

One of the drawbacks of countertrade is the quality of goods received which are often useless or of poor quality.

Choose correct answer/s

True

False

To unlock the question

Question 19

True/False

Letters of credit are trusted forms of payment in international trade because the bank promises to make the payment on behalf of the importer.

Choose correct answer/s

True

False

To unlock the question

Question 20

True/False

The draft that allows a period of 120 days to pay is very attractive for the importer because it allows time for the importer to sell the goods before having to pay for them.

Choose correct answer/s

True

False

To unlock the question