INTERNATIONAL BUSINESS

Cash

• cuenta corriente
• balance
• dinero en efectivo

Bank charges 

• servicios bancarios
• declaracion bancaria
• cargos bancarios

What does the term "import" mean?

• A) Selling goods abroad
  
  
  

• B) Buying goods from another country

• C) Shipping goods locally

• D) Creating a new product

What is a tariff?

• A) A type of trade agreement
  
  
  
  

• B) A tax on imports or exports

• C) A transportation method

• D) A shipping document

Which of the following best describes a multinational company?

• A) A company that only operates in one country
  
  
  

• B) A company with branches in several countries

• C) A company that imports products

• D) A company that sells luxury goods

What does FOB stand for in shipping terms?

• A) Free of Borders
  
  
  

• B) First Order Buyer

• C) Free on Board

• D) Freight Over Budget

What does export mean?

• A) Buying goods from another country
  
  
  

• B) Selling goods to another country

• C) Storing goods locally

• D) Moving goods from one warehouse to another

What is a trade barrier?

• A) A business that facilitates trade
  
  
  

• B) A financial loan to a business

• C) A government policy that restricts international trade

• D) A special export company

What are Incoterms used for?

• A) To determine product quality
  
  
  

• B) To define trade tariffs

• C) To clarify responsibilities between buyers and sellers in international trade

• D) To register a company name

Which Incoterm places all responsibility and risk on the buyer, starting from the seller’s location?

• A) DDP
  
  
  

• B) CIF

• C) EXW

• D) FOB