WGU D311 Exam 2 Actual Questions with Verified Answers (Correct
Update)
Question 1: Which of the following best explains
why SpinCent decided to export
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
Answer: A Growth opportunities
Question 2: Small and medium-sized enterprises
like SpinCent account for how much
of all US exporters
Answer: 98%
Question 3: The benefits of retaining a core
competency within a company and
purposefully threading that core
competency through the value chain
are referred to as
internalization
domestic
location
ownership
Answer: internalization
Question 4: A company that wants to be less
dependent on a local supplier and
imports components from suppliers
in other countries is striving for:
Global rivalry
Diversification
Serendipity
Specialization of labor
Answer: Diversification
Page 1
,Question 5: The incremental internationalization
view of exporting holds that
companies first target countries that
are BLANK their home market
different from
similar to
smaller than
larger than
Answer: Similar to
Question 6: Skype was founded in 2003 and from
the very beginning operated across
national borders. Skype is an
example of a(n):
Arbitrageur
Sporadic exporter
Born global
Private agent
Answer: Born Global
Question 7: A Croatian manufacturer of bicycle
lights hires an export management
company to handle the shipping,
marketing, and selling of its products
in the US. The Croatian company is
a(n) BLANK exporter
passive
indirect
direct
ceteris paribus
Answer: indirect
Page 2
, Question 8: Which of the following is typically
true of an export management
company (EMC)?
It is usually a division of a
manufacturing company.
Most EMCs in the United States are
large, representing a wide range of
products and large number of
companies.
It operates on a contractual basis for
a manufacturer by helping obtain
orders for its clients' products.
It usually takes title to products
rather than acting as an agent.
Answer: It operates on a contractual basis for a
manufacturer by helping obtain orders for its
clients' products.
Question 9: Coca-Cola has traded its syrup for
cheese from the Soviet Union,
oranges from Egypt, tomato paste
from Turkey, beer from Poland, and
soft drink bottles from Hungary.
These are all examples of
countertrade
an international transaction chain
an export plan
third-party logistics
Answer: countertrade
Question 10: A transaction in which products are
exchanged directly for products of
equal value without the use of cash
or credit is called:
Switch trading
Barter
Buyback
Offset
Answer: Barter
Page 3
Update)
Question 1: Which of the following best explains
why SpinCent decided to export
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
Answer: A Growth opportunities
Question 2: Small and medium-sized enterprises
like SpinCent account for how much
of all US exporters
Answer: 98%
Question 3: The benefits of retaining a core
competency within a company and
purposefully threading that core
competency through the value chain
are referred to as
internalization
domestic
location
ownership
Answer: internalization
Question 4: A company that wants to be less
dependent on a local supplier and
imports components from suppliers
in other countries is striving for:
Global rivalry
Diversification
Serendipity
Specialization of labor
Answer: Diversification
Page 1
,Question 5: The incremental internationalization
view of exporting holds that
companies first target countries that
are BLANK their home market
different from
similar to
smaller than
larger than
Answer: Similar to
Question 6: Skype was founded in 2003 and from
the very beginning operated across
national borders. Skype is an
example of a(n):
Arbitrageur
Sporadic exporter
Born global
Private agent
Answer: Born Global
Question 7: A Croatian manufacturer of bicycle
lights hires an export management
company to handle the shipping,
marketing, and selling of its products
in the US. The Croatian company is
a(n) BLANK exporter
passive
indirect
direct
ceteris paribus
Answer: indirect
Page 2
, Question 8: Which of the following is typically
true of an export management
company (EMC)?
It is usually a division of a
manufacturing company.
Most EMCs in the United States are
large, representing a wide range of
products and large number of
companies.
It operates on a contractual basis for
a manufacturer by helping obtain
orders for its clients' products.
It usually takes title to products
rather than acting as an agent.
Answer: It operates on a contractual basis for a
manufacturer by helping obtain orders for its
clients' products.
Question 9: Coca-Cola has traded its syrup for
cheese from the Soviet Union,
oranges from Egypt, tomato paste
from Turkey, beer from Poland, and
soft drink bottles from Hungary.
These are all examples of
countertrade
an international transaction chain
an export plan
third-party logistics
Answer: countertrade
Question 10: A transaction in which products are
exchanged directly for products of
equal value without the use of cash
or credit is called:
Switch trading
Barter
Buyback
Offset
Answer: Barter
Page 3
