D311 Practice Questions with 100% Correct
Answers |Verified
When companies face possible losses because of import competition, which of the following is
LEAST likely to help? (Concentrate on market niches, adopt internal innovations, diversify the
product line, try to get governmental protection, move operations to another country) -
✔✔Diversify the product line
Which of the following is NOT one of the top 10 service exports? (Investment bank helping
foreign company arrange financing, management consultant performing advisory services for
foreign clients, an engineering contractor constructing a building in a foreign country, an
engineering contractor constructing a road in a foreign country, opening a coffee shop in a
foreign country) - ✔✔Opening a coffee shop in a foreign country
A Japanese ad agency that creates a campaign for a Japanese based company that then uses
that campaign on a worldwide basis is known as a - ✔✔Indirect exporter
An agent that takes advantage or a price or quality difference between two or more markets,
transacts deals that exploit the imbalance, and then profits from the difference is a -
✔✔Arbitrageur
A company that develops alternative suppliers to make the company less vulnerable to the
dictates of a local supplier is following a _________ import strategy - ✔✔Diversification
___________ are arguably the greatest impediment to international traders. - ✔✔Financial
contraints
A bill for the goods from buyer to seller listing a description of the goods, buyer/seller ad-
dresses, and delivery and payment terms - ✔✔Commercial invoice
, Exports support more than _______ jobs in the US. - ✔✔10 million
Which of the following brings buyers and sellers together, functioning as a trade matchmaker
and creating value by determining foreign customer's preferences, identifying domestic
suppliers, and expediting transactions veteran the two parties? - ✔✔Export trading
companies
The country profile is a component in the _________ portion of the export plan. -
✔✔Foreign market analysis
The risk management component of the sport plan includes all of the following except
__________ risk. (Commercial, product, credit, market, country) - ✔✔Product
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 Hungry. These are all
examples of ______. - ✔✔Countertrade
A transaction in which products are exchanged directly for products of equal value without the
use of money as a means of purchase or payment is known as ________. - ✔✔Barter
Which of the following is a serviced performed by a customs agent? - ✔✔Inspect shipments
of goods as they cross international border
When a firm hires a trade intermediary, the firm gives up some control over the import/export
process. Which of the following is NOT determined by the intermediary, but by the export firm?
(Standard of customer service, production schedule, promotion materials, delivery scheduled,
price policy) - ✔✔Production scheudles
How does the Internet affect the import/export process? - ✔✔Online filing of transit forms
can expedite shipments
Answers |Verified
When companies face possible losses because of import competition, which of the following is
LEAST likely to help? (Concentrate on market niches, adopt internal innovations, diversify the
product line, try to get governmental protection, move operations to another country) -
✔✔Diversify the product line
Which of the following is NOT one of the top 10 service exports? (Investment bank helping
foreign company arrange financing, management consultant performing advisory services for
foreign clients, an engineering contractor constructing a building in a foreign country, an
engineering contractor constructing a road in a foreign country, opening a coffee shop in a
foreign country) - ✔✔Opening a coffee shop in a foreign country
A Japanese ad agency that creates a campaign for a Japanese based company that then uses
that campaign on a worldwide basis is known as a - ✔✔Indirect exporter
An agent that takes advantage or a price or quality difference between two or more markets,
transacts deals that exploit the imbalance, and then profits from the difference is a -
✔✔Arbitrageur
A company that develops alternative suppliers to make the company less vulnerable to the
dictates of a local supplier is following a _________ import strategy - ✔✔Diversification
___________ are arguably the greatest impediment to international traders. - ✔✔Financial
contraints
A bill for the goods from buyer to seller listing a description of the goods, buyer/seller ad-
dresses, and delivery and payment terms - ✔✔Commercial invoice
, Exports support more than _______ jobs in the US. - ✔✔10 million
Which of the following brings buyers and sellers together, functioning as a trade matchmaker
and creating value by determining foreign customer's preferences, identifying domestic
suppliers, and expediting transactions veteran the two parties? - ✔✔Export trading
companies
The country profile is a component in the _________ portion of the export plan. -
✔✔Foreign market analysis
The risk management component of the sport plan includes all of the following except
__________ risk. (Commercial, product, credit, market, country) - ✔✔Product
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 Hungry. These are all
examples of ______. - ✔✔Countertrade
A transaction in which products are exchanged directly for products of equal value without the
use of money as a means of purchase or payment is known as ________. - ✔✔Barter
Which of the following is a serviced performed by a customs agent? - ✔✔Inspect shipments
of goods as they cross international border
When a firm hires a trade intermediary, the firm gives up some control over the import/export
process. Which of the following is NOT determined by the intermediary, but by the export firm?
(Standard of customer service, production schedule, promotion materials, delivery scheduled,
price policy) - ✔✔Production scheudles
How does the Internet affect the import/export process? - ✔✔Online filing of transit forms
can expedite shipments
