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SIB460-NXX-Practice Test

Total questions: 30

Worksheet time: 29mins

Name
Class
Date
1.

Which marketing mix element is relevant in case of export selling?

a)

Product

b)

Price

c)

Place

d)

Promotion

e)

None of the above

2.

Which country is a major exporter of clothing to USA?

a)

Bangladesh

b)

People's Republic of China

c)

Malaysia

d)

Mexico

e)

Vietnam

3.

The so-called "China triangle" includes:

a)

Hong Kong, Republic of China, and Singapore

b)

Hong Kong, Republic of China, and Singapore

c)

Republic of China, Taiwan, and Hong Kong

d)

Taiwan, Hong Kong, and Republic of China

e)

Singapore, China, and Republic of China

4.

After recovering from the destruction of its economy during World War II, ________ became an economic superpower as a direct result of export strategies.

a)

Hong Kong

b)

Italy

c)

China

d)

Germany

e)

Japan

5.

The Ministry of International Trade and Industry (MITI) has helped devise export strategies for companies in:

a)

Singapore

b)

South Korea

c)

Taiwan

d)

Hong Kong

e)

Japan

6.

The export and import process can entail red tape and bureaucratic delays. In an effort to facilitate exports, countries are designating certain areas as:

a)

import control zones

b)

special tariff zones

c)

global business zones

d)

free trade zones

e)

duty free zones

7.

A duty that represents a certain percentage of the value of a particular product is a(n):

a)

specific duty

b)

ad-valorem duty

c)

BTN duty

d)

Schedule B duty

e)

Anti-dumping duty

8.

Which of the following types of duties would be imposed on a company whose home-country government provides export subsidies?

a)

ad valorem duty

b)

countervailing duty

c)

antidumping duty

d)

specific duty

e)

customs duty

9.

Three Rs of global business are commonly known as

a)

Quotas

b)

NTBs

c)

NTRs

d)

Duties

e)

Tariffs

10.

________ are variously referred to as buyer for export, export commission house, or export confirming house.

a)

Export brokers

b)

Export merchants

c)

Foreign purchasing agents

d)

Export managers

e)

Manufacturer's agents

11.

_______________ brings together an exporter and a buyer in a foreign country for a fee.

a)

Freight Forwarder

b)

Customs broker

c)

Export broker

d)

Export merchant

e)

Exporter

12.

________ are licensed specialists in traffic operations, customs clearance, and shipping tariffs and schedules. They can be considered as the travel agents for handling export goods.

a)

Foreign purchasing agents

b)

Export brokers

c)

Freight forwarders

d)

Cooperative exporters

13.

Which mode of payment is the most reliable in case of goods sold to overseas customers?

a)

a certified check

b)

a draft

c)

a swap

d)

LC

e)

a "piggyback" arrangement

14.

An irrevocable letter of credit transfers the payment obligation for an export deal from the buyer to the buyer's:

a)

in-house export organization.

b)

bank

c)

credit union

d)

checking account

e)

freight forwarder

15.

____________ & _____________ are useful as an exporter needs very few documents to clear a shipment.

a)

letter of credit, commercial invoice

b)

certificate of origin, bill of exchange

c)

packing list, commercial invoice

d)

packing list, insurance certificate

e)

bill of exchange, commercial invoice

16.

Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction?

a)

documentary credit (letter of credit)

b)

documentary collection

c)

cash in advance

d)

sales on open account

e)

draft

17.

In _________ a company purchases a finished product or some production inputs like parts and raw material from local or international market.

a)

stock exchange

b)

supply chain

c)

sourcing

d)

countervailing

e)

commodity exchange

18.

This type of organization plays the role of the export department for other companies.

a)

Freight forwarder

b)

Custom broker

c)

Manufacturers's export agent

d)

Export Management Company

e)

Cooperative exporter

19.

Governmental actions that discourage imports and block markets include all of the following except:

a)

tariffs

b)

free trade zones

c)

subsidies

d)

tax incentives

e)

duties

20.

________ is the term that refers to the merging of different industries such as computers, photography, and motion pictures.

a)

Value networks

b)

Disruptive innovation

c)

Telematics

d)

Agnostic marketing

e)

Convergence

21.

According to the innovator's dilemma:

a)

the computing power of a microprocessor doubles every 18 months.

b)

markets that don't exist can't be analyzed.

c)

well-managed companies that listen and respond to needs of established customers may miss opportunities to innovate.

d)

regulation of e-commerce activities will increase at a rate that is directly proportional to the growth of e-commerce revenues.

e)

innovations are copied soon after they are discovered.

22.

________ sites are online retail operations that allow customers to purchase goods and services.

a)

Transaction

b)

Promotion

c)

Matrix

d)

Content

e)

Transfer

23.

Term used for entertainment and news webpages is :

a)

Content site

b)

Company site

c)

PR site

d)

Cyber site

e)

Transaction site

24.

_______________ is considered as "ready for tomorrow" in terms of Internet speed.

a)

India

b)

United States

c)

Japan

d)

China

e)

Korea

25.

The term "m-commerce" is used to describe the use of:

a)

Internet in commerce

b)

web.com in commerce

c)

money in commerce

d)

cell phones in commerce

e)

credit cards in commerce

26.

"Export selling" involves tailoring various elements of the marketing mix to global market requirements.

a)

True

b)

False

27.

Research discovered that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements, payment procedures, and regulations.

a)

True

b)

False

28.

AFter joining WTO, Chinese exports have seen a quick surge in exports.

a)

True

b)

False

29.

Tax incentives, subsidies, export assistance, and free trade zones are common support provided by governments to firms that engage in exporting.

a)

True

b)

False

30.

In South Korea, the Netherlands, Greenland, the UAE, Bahrain, and Qatar, more than 90 percent of the population is online.

a)

True

b)

False