No cash deposit or collateral is required from the importer. E. buyback. Question 2 Which of the following is an advantage of using exporting as an international business strategy? e. patenting, An advantage of licensing as a method of entering global competition is that the e. global, Which of the following is an advantage of a multinational model? b. host-country national c. South America, the United States, and Central America e. expatriates tend to be more available than the local employees, b. expatriates often tend to transfer the corporate culture and best practices to other countries, The main cause of failure of overseas managers is d. ethnocentrism b. aging population e. franchising, Superior Appliances moved some of its manufacturing operations to another country where wages are lower. e. contingency, The international model of organization structure involves The foreign country pays the firm in dollars, but in exchange, the firm agrees to spend some of the proceeds from the sale on textiles produced by the foreign country. B. b. wholly owned subsidiaries A. The United States is known worldwide for high quality, innovative goods and services, customer service, and sound business practices. c. a technical component used in electronic devices worldwide d. contingency C. Firms engaged in barter run the risk of having to accept goods they do not want or cannot use. The mission of the _____ is to provide financing aid that will facilitate exports, imports, and the exchange of commodities between the United States and other countries. A. competing exporters also require letters of credit. It is the most restrictive countertrade arrangement. It is the simplest countertrade arrangement. It provides large revenue and profit opportunities. the conventional means of international trade are difficult. lessor with credit information. exporter may not be paid in his or her home currency due to nonconvertibility. C. It becomes a financial contract between the trusted third party (usually a bank) and the exporter. Contingent on a second contract = seller agrees to purchase goods for same cash amount or set percentage of it, Alternative technique for expanding into international markets The lessor c. raises the standards of living B. e. Vietnam, Threats to China's economic future include B. a buyback b. operating a transnational business B. c. uncertainty avoidance Companies that export spread business risk by diversifying into multiple markets.. continue reading e. transnational, Which of the following companies is an example of a transnational company? Entering several markets simultaneously to hedge risk a. Uncertain value proposition Seller agrees to supply technology or equipment to construct a facility a. manufacturing costs are low The United States is the largest services trading country in the world. United Nations can be used to advance funds to the exporter by its local bank before or during shipment. Use the MACRS to find the annual depreciation. B. it is detrimental to the economy of the importing country. A. bill of lading E. buyback. e. Taiwan, Which of the following existing agreements includes Costa Rica, Nicaragua, and the United States? E. It allows for a delay in payment. D. It collects duties on exported products and sets interest rates for charging foreign investors. a. franchising When serving as collateral, the bill of lading: c. exporting Click replace all. A lack of trust between two parties engaged in international trade is exacerbated by the: B. d. global model B. offset The importer places an order with the exporter an asks the exporter if he would be willing to ship under a letter of credit. a. it facilitates the transfer of skills from the parent company to the subsidiaries e. intranational, The strategy model that uses subsidiaries in each country and provides each a great deal of discretion to respond to local conditions is the _____ model If a percentage is unacceptable, suggest a possible action to correct the unacceptable component percentage. Sidestep liquidity problems . E. The Bank of New York. B. writing or stamping a notice of acceptance on its face. c. Substantive testing should be twice the amount of internal controls testing. A. It coordinates the Export Legal Assistance Network, a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. D. writing or stamping a notice of acceptance on its face. d. host-country national When PP Door failed to make a. an automative plant It is a very complex arrangement. D. The exporter ships the goods to the importer on a common carrier. (D) Tariffs and taxes, high transportation costs, government restrictions. It coordinates the Export Legal Assistance Network, a nationwide group of international trade attorneys. D. Bank of New York Thus, a portion of a ship's cost is recorded as an expense each time Carnival sets sail for a new destination. Importing is also known as global sourcing. with the new variable, age. d. persistence A _____ is issued to an exporter by a common carrier transporting the merchandise and it serves as a receipt, a contract, and a document of title. Like any fundamental change to the way you trade, there are risks as well as benefits you should consider. . b. multinational these are the best method to overcome high entry barriers these minimize risks and capital requirements. Companies both large and small now view the world, rather than a single country, as their marketplace. Accounts Receivable _______ c. Goodwill _______ e. Income Tax Expense a. significant differences in consumer tastes among countries e. tighten immigration rules, Which of the following countries is on its way to becoming the largest producer and consumer of the world's goods? C. banker's acceptance d. independent venture a. international Competitive Advantage. D. insourcing It provides a potential exporter with a "best prospects" list. Which of the following is true of a letter of credit in international trade? Merger d. there is a high amount of political risk b. anticorruption laws b. low cost sites are available c. identify the best strategy for completing in a global marketplace C. The importer places an order with the exporter and asks the exporter if he would be willing to ship under a letter of credit. c. horizontal axis measures financial viability and the vertical axis measures employee satisfaction a. leads to increased prices E. Federal Reserve Bank, The Foreign Credit Insurance Association (FCIA) is an association of private commercial institutions operating under the guidance of the _____. The lack of a letter of credit exposes the exporter to the risk that the foreign importer will default on payment. Which of the following is a disadvantage of barter as a countertrade arrangement? b. Documentation = Official forms and other paperwork required in export transactions for shipping and custom procedures. A. Brazil Product buy-back agreement E. usance draft. E. sogo shosha, Which of the following organizations runs the Service Corps of Retired Executives (SCORE) program? World Bank What is an accurate description of countertrade? B. specifies that the carrier is obligated to provide a transportation service in return for a certain charge. runs the risk of spreading its limited management resources too thin. B. d. global and international e. Mexico, Which of the following countries is a member of the Asia-Pacific Economic Cooperation Group? E. importer defaults on payment. C. SCORE program Increased profits. D. any firm in democratic nations. C. It is detrimental to the economy of the importing country. D. It helps exporters incur lower shipping costs. Indicate if each actual component percentage is acceptable or unacceptable. B. creating revenue. B. drawee A. barter a. a low salary level D. It typically lacks information about local business regulations. Recently, FuturaCloud hired a California-based company to do those services instead. E. Ministry of International Trade and Industry. It allows a firm to have its own company-owned facilities in a particular foreign market. d. varied consumer preferences Countertrade is most attractive to: d. it is considered responsive to local needs C. obtaining pre-export financing. a. international b. Maastricht Treaty Federal Trade Commission c. Heineken Tres Chic uses the ___ model of international competition. A. c. the international model Type ^p in the find box, and a space in the replace box. E. the Export Legal Assistance Network. C. switch trading c. avoiding the assignment of mentors E. It reduces paperwork and complex formalities. c. Draw a scatter diagram with the variable, wins, on the vertical axis and salary on the A. it fails to enable firms to finance an export deal. B. bill of lading c. Mexico e. it transfers ultimate control to the subsidiaries, a. it facilitates the transfer of skills from the parent company to the subsidiaries, NewGen Communications Technology has subsidiaries in each country which it does business. b. multinational D. Switch trading these are the most efficient and flexible method to discover and accommodate changes in local demand O . Why do you think Carnival estimates that its ships will be used for only 30 years? a. universal needs A. exporter is exposed to the risk that the importer may default on payment, In the United States, export credit insurance is provided by _____, an association of private commercial institutions. B. c. culture shock D. collecting information. d. Using the variable, wins, draw a dot plot. e. ASEAN, What does an integration-responsiveness grid help a manager to do? Hedge against currency fluctuations B. B. a. there is a large amount of risk for the franchisor E. buyback, In international commerce, a _____ refers to an order written by an exporter instructing an importer to pay a specified amount of money at a specified time. b. D. switch trading c. political demands imposed by host countries It requires an in-house trading department to be maintained, which can be expensive and time-consuming. e. intranational, Which model involves fostering communication among subsidiaries to permit transfer of skills? When pressures for local responsiveness are high and pressures for global integration are low, the global model is appropriate. b. multinational model C. can be used to obtain payment or a written promise of payment before the merchandise is released to the importer. A countertrade arrangement ships will be used to advance funds to the importer, the bill lading... 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Transportation costs, government restrictions shipping and custom procedures a. barter a. a salary!
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