QUESTION Which of the following refers to an export specialist that acts as an export marketing department for client firms? A. Export management company B. Export-import firm C. Foreign direct investment management firm D. Strategy management company E. Association of export companies ANSWER A
Date: September 3rd, 2020
QUESTION The Small Business Administration oversees almost 11,500 volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses through its program known as the: A. Export Legal Assistance Network. B. Service Corps of Retired Executives. C. International Trade Veteran’s Group. D. Network of Foreign Trade Executives. E. Export Management Company. […]
Date: September 3rd, 2020
QUESTION Which of the following is a drawback of relying on an export management company (EMC)? A. It does not provide references and has no antecedents. B. The exporting company can fail to develop its own exporting capabilities. C. It does not have expert specialists to help a neophyte exporter identify opportunities. D. It typically […]
Date: September 3rd, 2020
QUESTION A nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters is the: A. TradeNet Export Advisor. B. Export Trade Assistance Partnership. C. United States Trade Service. D. Export Legal Assistance Network. E. Ex-Im Network. ANSWER D
Date: September 3rd, 2020
QUESTION Japan’s great trading houses are referred to as: A. kaizen. B. sogo shosha. C. zaibatsu. D. guanxi. E. kanban. ANSWER B
Date: September 3rd, 2020
QUESTION In international trade, an exporter wants to be paid before a consignment is shipped. Correspondingly, the importer wants to pay only upon receipt of the consignment. These conflicting preferences of the parties are a manifestation of: A. corporate greed. B. acculturation. C. lack of trust. D. cultural insensitivity. E. countertrading opportunities. ANSWER C
Date: September 3rd, 2020
QUESTION The sogo shosha of Japan: A. proactively and continuously seek export opportunities for their affiliated companies. B. exclusively serve the largest and most prestigious companies in Japan. C. have offices concentrated in the business district of Tokyo. D. have monopolized the export market in the country. E. consider export only when there is excess […]
Date: September 3rd, 2020
QUESTION In terms of using a third party in international trade, title to the products is given to a bank by the exporter in the form of a document known as a: A. merchandise bill. B. bill of lading. C. bill of exchange. D. draft. E. letter of credit. ANSWER B
Date: September 3rd, 2020
QUESTION Which of the following is true of the export performance of the United States, Germany, and Japan? A. Historically, the United States has made its living as a trading nation. B. Germany has been a relatively self-contained continental economy in which international trade played a minor role. C. Unlike Japan, U.S. firms have a […]
Date: September 3rd, 2020
QUESTION A firm that enters many markets at once: A. runs the risk of spreading its limited management resources too thin. B. becomes established in all the markets. C. gets the time to learn about each market. D. has fewer export opportunities. E. reduces the costs of any subsequent failure. ANSWER A
Date: September 3rd, 2020
