FIL Chapter 2

FIL Chapter 2

University

10 Qs

quiz-placeholder

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FIL Chapter 2

FIL Chapter 2

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Syed Shamin

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the practice of sending or carrying goods or services to a foreign country for trade or sale called?

Importing

Exporting

Licensing

Offshoring

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main exports of Malaysia?

Electrical and electronics products, chemicals, petroleum products, liquefied natural gas, and palm oil

Integrated Circuits, Refined Petroleum, Crude Petroleum, Special Purpose Ships, and Broadcasting Equipment

Electrical and electronic products, chemicals, petroleum products, and machinery, appliances and parts

Electrical and electronics products, chemicals, petroleum products, and palm oil

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the benefits of exporting?

Increased sales and increased profitability, reduced reliance on domestic markets, and new opportunities for growth

Financial risk, risk of non-payment, and foreign exchange rate risk

Comparative advantage, higher-quality products, and access to regionally exclusive resources

Lower costs in offshore regions, less stringent regulatory control, and lower communication and IT costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Custom pledge is not one of the steps of Exporting and Importing

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main imports of Malaysia?

Electrical and electronics products, chemicals, petroleum products, and machinery, appliances and parts

Integrated Circuits, Refined Petroleum, Crude Petroleum, Special Purpose Ships, and Broadcasting Equipment

Electrical and electronic products, chemicals, petroleum products, liquefied natural gas, and palm oil

Electrical and electronics products, chemicals, petroleum products, and palm oil

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The declaration of export is to use Customs Form No.2 (K2)

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The authorities (PDRM) have the have the right to inspect consignments to ensure that the exports/imports comply with laws and regulations when we are exporting goods.

False

True

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