CH 9 SCM 411 | QUESTIONS AND ANSWERS | 2026 UPDATE | WITH COMPLETE SOLUTION
The commercial invoice
1)is sent ahead of the shipment.
2)is the same thing as a letter of credit.
3)replaces the need for an export license.
4)is always issued in the exporter's currency
5)None of the above - (ANSWER)None of the above
A government will use a(n) _____ to attempt to control the export of national treasures or antiques.
1) export license
2) consular invoice
3) Uniform Commercial Code
4) duty
5) pro forma invoice - (ANSWER)export license
The United States export policy is mostly concerned about
1)keeping some military technologies away from some countries.
2)stopping exports of non-essential items to countries that cannot afford them.
3)regulating exports to countries that have strong import regulations.
4)preventing the spread of agricultural diseases and pests outside of the U.S.
5)preventing the sale of intellectual property to countries that do not protect it. - (ANSWER)keeping
some military technologies away from some countries.
In 1996, the _____ was revised to a U.S. export policy stating that "everything is authorized unless it is
specifically prohibited."
1) destination control statement
2) EAR
3) pro forma invoice
4) shipper's export declaration
5) customs export - (ANSWER)EAR
, CH 9 SCM 411 | QUESTIONS AND ANSWERS | 2026 UPDATE | WITH COMPLETE SOLUTION
A product not on the Commerce Control List, or whose Export Control Classification Number does not
call for an export license, is classified as
1) NLR
2) SED
3) BIS
4) ICC
5) EAR99 - (ANSWER)EAR99
Which of the following pieces of information does an international commercial invoice contain?
1)Incoterms
2)a precise description of the product
3)terms of payment
4)weight and measurements of the product
5)all of the above - (ANSWER)all of the above
The pro forma invoice
1)fulfills the same functions as a commercial invoice.
2)must be written with extreme care to avoid discrepancies between the letter of credit and the
commercial invoice.
3)does not have an expiration date.
4)is written in such a way that the importer knows that it is subject to change.
5)is a certificate of title for the goods. - (ANSWER)must be written with extreme care to avoid
discrepancies between the letter of credit and the commercial invoice.
Even when validated export licenses are not required, exporters are responsible for determining if there
are "red flags" in a transaction, such as
1)a cash sale for a product generally purchased on credit terms.
2)the product is sold to a company that does not appear to be in the exporter's main line of business.
The commercial invoice
1)is sent ahead of the shipment.
2)is the same thing as a letter of credit.
3)replaces the need for an export license.
4)is always issued in the exporter's currency
5)None of the above - (ANSWER)None of the above
A government will use a(n) _____ to attempt to control the export of national treasures or antiques.
1) export license
2) consular invoice
3) Uniform Commercial Code
4) duty
5) pro forma invoice - (ANSWER)export license
The United States export policy is mostly concerned about
1)keeping some military technologies away from some countries.
2)stopping exports of non-essential items to countries that cannot afford them.
3)regulating exports to countries that have strong import regulations.
4)preventing the spread of agricultural diseases and pests outside of the U.S.
5)preventing the sale of intellectual property to countries that do not protect it. - (ANSWER)keeping
some military technologies away from some countries.
In 1996, the _____ was revised to a U.S. export policy stating that "everything is authorized unless it is
specifically prohibited."
1) destination control statement
2) EAR
3) pro forma invoice
4) shipper's export declaration
5) customs export - (ANSWER)EAR
, CH 9 SCM 411 | QUESTIONS AND ANSWERS | 2026 UPDATE | WITH COMPLETE SOLUTION
A product not on the Commerce Control List, or whose Export Control Classification Number does not
call for an export license, is classified as
1) NLR
2) SED
3) BIS
4) ICC
5) EAR99 - (ANSWER)EAR99
Which of the following pieces of information does an international commercial invoice contain?
1)Incoterms
2)a precise description of the product
3)terms of payment
4)weight and measurements of the product
5)all of the above - (ANSWER)all of the above
The pro forma invoice
1)fulfills the same functions as a commercial invoice.
2)must be written with extreme care to avoid discrepancies between the letter of credit and the
commercial invoice.
3)does not have an expiration date.
4)is written in such a way that the importer knows that it is subject to change.
5)is a certificate of title for the goods. - (ANSWER)must be written with extreme care to avoid
discrepancies between the letter of credit and the commercial invoice.
Even when validated export licenses are not required, exporters are responsible for determining if there
are "red flags" in a transaction, such as
1)a cash sale for a product generally purchased on credit terms.
2)the product is sold to a company that does not appear to be in the exporter's main line of business.
