WorksheetsDVC Import -Export Wk 2
Total questions: 22
Worksheet time: 11mins
Name
Class
Date
1.
1. A ‘binding decision’ enables you to get binding pre-entry classification decisions prior to importing a product and filing entries with CBP.
a)
True
b)
False
2.
Tariff classifications are binding. Duty rates are not.
a)
True
b)
False
3.
What is the name for LLC ?
a)
Limited Liability Company
b)
Library Limiting Company
c)
Limiting Laminated Company
4.
1. I own a sole proprietorship – I am John Williams doing business (DBA) as CADE International. After I die CADE will no longer exist. If my sons decide to continue the business, they will have to set up their own DBA.
a)
True
b)
False
5.
1. Unlike a proprietorship or partnership, which ceases to exist on the death or withdrawal of an owner, a Corporation has perpetual life.
a)
True
b)
False
6.
List the Three E’s of product selection.
a)
Experience, Education, and Enthusiasm
b)
Emirates, Endgame, and Education
7.
1. A Distributor purchases products from a Supplier, takes title and re-sells the product at a higher price.
a)
True
b)
False
8.
1. A Sales Agent does not take title to the goods, but earns a commission when the goods are sold.
a)
True
b)
False
9.
Provide the distinction between a consumer product and a business product.
a)
The distinction between a consumer product and a business product is not about the product; it has to do with the reason the product is purchased.
b)
Niche marketing is an approach that divides the market segments into even smaller subgroups.
10.
Explain the term niche marketing
a)
The distinction between a consumer product and a business product is not about the product; it has to do with the reason the product is purchased.
b)
Niche marketing is an approach that divides the market segments into even smaller subgroups.
11.
1. Packaging and labeling assist the customer in considering the purchase of the product.
a)
True
b)
False
12.
A market is comprised of
a)
Individuals or organizations with needs to satisfy who has the authority, willingness and desire to take advantage of the product that you are selling.
b)
Niche marketing is an approach that divides the market segments into even smaller subgroups.
13.
In any negotiation process the ultimate goal is a ___________________situation.
a)
Win - Win
b)
Lose - Lose
14.
1. When requesting a price from a Supplier a commonly use terms is RFQ. Explain this term________________________________
a)
Request For Quotation
b)
Road For Quotes
c)
Requirement For Quotes
15.
1. Agreements that are a result of a negotiation can be (a) written (b) spoken or (c) implied. In any business environment which is the best method
a)
Written
b)
Spoken
c)
Emailed
16.
When dealing with a potential overseas customer it is wise to assume that they fully understand the methodology of business in the United States, and you should proceed forward on this basis.
a)
True
b)
False
17.
1. In business the first person to make an offer is generally the loser.
a)
True
b)
False
18.
Explain the term culture.
a)
Culture is the total of all beliefs, values, rules, techniques and institutions that characterize a population.
b)
Information is included in the context of the communicated in the explicit words of the message.
19.
Explain the meaning of High-Context cultures.
a)
Culture is the total of all beliefs, values, rules, techniques and institutions that characterize a population.
b)
Information is included in the context of the communicated in the explicit words of the message.
20.
List four examples:
a)
African, Arab, Chinese and French
b)
California, India, Canada, and Chinese
21.
Explain the meaning of Low-Context Cultures.
a)
In a low-context culture, the words the sender uses explicitly convey the message to the receiver.
b)
Information is included in the context of the communicated in the explicit words of the message.
22.
List four examples of Low-Context Cultures:
a)
African, Arab, Chinese and French
b)
American, English, Australian and German
100 %
