International Business 4344-830 Exam 3
Exam QUESTIONS AND VERIFIED
CORRECT ANSWERS GRADED A+ LATEST
100% GUARANTEED PASS
Wholly owned subsidiaries/ greenfield subsidiaries: - CORRECT ANSWER-a subsidiary in which
the firm owns 100 percent of the stock
Fewer than 1% are involved an international trade most US businesses are small local
companies. - CORRECT ANSWER-
Direct Investment: - CORRECT ANSWER-occurs when a firm invests directly in facilities to
produce or market a good or service in a foreign country
MITI: - CORRECT ANSWER-Japan's Ministry of International Trade and Industry
Sogo Shosha: - CORRECT ANSWER-Japanese trading companies: a key part of the keiretsu, the
large Japanese industrial groups
Export Management Company (EMC): - CORRECT ANSWER-an export specialist that acts as an
export marketing department for client firms
Letter of Credit: - CORRECT ANSWER-issued by a bank, indicating that the bank will make
payments under specific circumstances
, Bill of exchange: - CORRECT ANSWER-an order written by an exporter instructing an importer, or
an importers agent, to pay a specified amount of money at a specified time
Draft: - CORRECT ANSWER-an order written by an exporter telling in importer what and when to
pay
Sight Draft: - CORRECT ANSWER-a draft payable on presentation in the drawee
Time Draft: - CORRECT ANSWER-a promise to pay the accepting party at some future date
Bill of Lading: - CORRECT ANSWER-a document issued to an exporter by a common carrier
transporting the merchandise, it serves as a receipt, a contract, and a document of title
Export-Import Bank (Ex-Im Bank): - CORRECT ANSWER-agency of the US govt whose mission is
to provide aid in financing and facilitate exports and imports
Countertrade: - CORRECT ANSWER-the trade of goods and services for other goods and services
Barter: - CORRECT ANSWER-the direct exchange of goods or services between two parties
without a cash transaction
Counter purchase: - CORRECT ANSWER-a reciprocal buying agreement
Offset: - CORRECT ANSWER-agreement to purchase goods and services with a specified
percentage of proceeds from an original sale in that country from any firm in the country
Switch trading: - CORRECT ANSWER-Use of a specialized third-party trading house in a
countertrade arrangement
Exam QUESTIONS AND VERIFIED
CORRECT ANSWERS GRADED A+ LATEST
100% GUARANTEED PASS
Wholly owned subsidiaries/ greenfield subsidiaries: - CORRECT ANSWER-a subsidiary in which
the firm owns 100 percent of the stock
Fewer than 1% are involved an international trade most US businesses are small local
companies. - CORRECT ANSWER-
Direct Investment: - CORRECT ANSWER-occurs when a firm invests directly in facilities to
produce or market a good or service in a foreign country
MITI: - CORRECT ANSWER-Japan's Ministry of International Trade and Industry
Sogo Shosha: - CORRECT ANSWER-Japanese trading companies: a key part of the keiretsu, the
large Japanese industrial groups
Export Management Company (EMC): - CORRECT ANSWER-an export specialist that acts as an
export marketing department for client firms
Letter of Credit: - CORRECT ANSWER-issued by a bank, indicating that the bank will make
payments under specific circumstances
, Bill of exchange: - CORRECT ANSWER-an order written by an exporter instructing an importer, or
an importers agent, to pay a specified amount of money at a specified time
Draft: - CORRECT ANSWER-an order written by an exporter telling in importer what and when to
pay
Sight Draft: - CORRECT ANSWER-a draft payable on presentation in the drawee
Time Draft: - CORRECT ANSWER-a promise to pay the accepting party at some future date
Bill of Lading: - CORRECT ANSWER-a document issued to an exporter by a common carrier
transporting the merchandise, it serves as a receipt, a contract, and a document of title
Export-Import Bank (Ex-Im Bank): - CORRECT ANSWER-agency of the US govt whose mission is
to provide aid in financing and facilitate exports and imports
Countertrade: - CORRECT ANSWER-the trade of goods and services for other goods and services
Barter: - CORRECT ANSWER-the direct exchange of goods or services between two parties
without a cash transaction
Counter purchase: - CORRECT ANSWER-a reciprocal buying agreement
Offset: - CORRECT ANSWER-agreement to purchase goods and services with a specified
percentage of proceeds from an original sale in that country from any firm in the country
Switch trading: - CORRECT ANSWER-Use of a specialized third-party trading house in a
countertrade arrangement
