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74.
Which of the following is the least risky for an exporter?
75.
Which of the following is the most risky for an importer?
76.
Which of the following is the least risky for an importer?
77.
Which of the following is the least risky for an importer?
78.
With which of the following payment mechanisms is it the case that once the seller has
accepted the credit, the customer cannot alter or cancel it without the seller's consent?
79.
Which of the following is not part of the pro forma invoice?
80.
An unconditional order drawn by the seller on the buyer instructing the buyer to pay the
amount of the order on presentation is
81.
The sale of an exporter's accounts receivable on ordinary goods, with the balance of the
payment due upon delivery or soon after is
82.
The sale of an exporter's accounts receivable on capital goods, commodities, and other
high-value goods, with the payment due at least 180 days out is
83.
Which is the principal government agency responsible for aiding the export of American
goods and services through a variety of loan, guarantee, and insurance programs?
84.
The U.S. Export-Import Bank (Ex-Im Bank) offers all of the following except
85.
Foreign trade zones are also called all of the following except
86.
Which of the following is not typically done in a foreign trade zone?
87.
Freight forwarders' responsibilities include all except
88.
Freight forwarders may typically provide advice regarding all of the following except
89.
Correct documentation is vital to the success of any export shipment, yet error rates
reported for export and import documentation hover around
90.
The U.S. Department of Commerce form used to control export shipments and record
export statistics is the
91.
An SED includes all of the following except
92.
An export bill of lading serves as all of the following except a
93.
The kinds of marine insurance policies include all of the following except
94.
The premiums charged by marine insurance companies on an international transaction
depend on all of the following except
95.
Collection documents vary from country to country. The most common types of collection
documents that the seller provides to the buyer include all of the following except
96.
Collection documents are
97.
"Comparing the total cost of ocean freight versus air freight, air freight may be cheaper."
Which of the following components are not considered when making the previous
statement?
98.
What is an export license?
99.
Bills of lading serve each of the following purposes except
100.
In the area of shipment risk, ocean vessels assume
101.
Basic named perils that marine insurance will covers include
102.
The CE mark in the EU
103.
LASH and RO-RO are
104.
Independent businesses that handle import shipments for compensation are
105.
If merchandise on an American port is not cleared by customs, the would-be importer
could do any of the following except
Fill in the Blank Questions
106.
The first step in locating foreign markets is to determine whether there is a ______ for the
firm's products.
107.
Once the potential exporter has established that there may be a market for the firm's
products, the next task is to draft the ____________ plan.
108.
For U.S. firms that already are exporting, the ____________ Administration offers export
promotion activities that include export counseling, analysis of foreign markets,
assessment of industry competitiveness, and development of market opportunities and
sales representation through export promotion events.
109.
Once the firm knows that a potential market exists, it needs to choose between exporting
______ through U.S.-based exporters and exporting ______ using its own staff.
110.
If the firm sets up its own export operation, the next step is to find and establish overseas
111.
Among the mistakes most commonly made by new exporters, taking insufficient care in
selecting overseas sales ______ and distributors is a common one.
112.
Among the mistakes most commonly made by new exporters, failing to consider the use of
an ____________ company if the company cannot afford its own export department is a
common one.
113.
______ are universal trade terminology developed by the International Chamber of
Commerce.
114.
There is a series of ______ internationally standardized Incoterms that describe the
conditions of sale and the responsibilities of the buyer and seller in international trade
transactions.
