IMPORTS FINAL EXAM SPRING 23

Which continent has the largest number of web users?

the process of resolving a dispute or a grievance outside of the court

The total value of all goods and services produced by a country

Sale by an exporter directly to an importer located in another country.

Invoice prepared by the exporter before shipping the goods (acts as a quote)

Which type of tradeshow participation is generally the least effective?

The sale of an imported commodity at a lower price in one market than in another

A merchant in a foreign country who buys goods and resells them for a profit.

A company sells the rights to use its products or services but retains some control

What is the most popular USCS export assistance service?

A Bill of Lading that covers domestic and intl flights transporting goods to a specified place

Government payments provided to US companies contingent on the export of their goods/services.

Act making it illegal to give anything of value to a foreign official to obtain/retain business

A signed statement required in certain nations attesting to the origin of the export item.

Tax imposed on a product when it is imported into a country

What is an FTZ?

Diversified export markets provide which of the following benefits?

1)    Cash in advance is always the best payment term for an exporter. (session 8)

Instrument issued by a bank on behalf of an importer that guarantees an exporter payment

A freight forwarder does not do which of the following:

A payment from a foreign customer to an exporter prior to receiving the exporter’s products

Delivery of goods to the buyer or distributor who agrees to sell it and then pay the exporter.

Defines the obligations, risks, and costs of the buyer and seller

A Bill of Lading that covers domestic and intl flights transporting goods to a specified place

An agent for moving cargo to an overseas destination

Which of these organizations provides risk ratings for banks worldwide?

What is the number one indicator of global success potential? (session 1)

Sale by the exporter to the buyer through a domestically located intermediary

Overseas shows are different from US events in which of the following ways?

Trade agreement between the U.S., Canada, and Mexico

The process of buying and selling over the Internet

A gvt doc authorizing export of specific items, in specific #'s, to a specific destination

What is the riskiest way to accept overseas payment?

What is a proforma invoice?

What does B2B mean?

In order to provide a firm price quotation, your freight forwarder needs which of the following?

New ideas, inventions, designs, writings, films protected by a copyright, patent, or trademark.

The trade promotion arm of the U.S. Dept of Commerce’s International Trade Administration.

Who could help you with questions about export documents

A contract between the owner of the goods and the carrier

This is used to clear goods through customs by showing evidence of the value of goods.