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Duplicate of PIC III (International Commerce). Flashcards | StudBud
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Duplicate of PIC III (International Commerce).
Duplicate of PIC III (International Commerce).
61 terms
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Answers
1
In Business, what is a 'stakeholder'?
A stockholder.
A shareholder.
Customers, employees, local community.
A customer.
2
They are used to determine the country of origin (antidumping)
Specified Processes.
Non-preferential.
Subtantial transformation.
Automated Customs System.
3
It is a document that declares, in which country goods were manufactured.
Non-Tariff Barriers.
Technical measures.
Certificate of origin.
Non-Technical measure.
4
A major loss could result in the failure of a business.
False
True
5
It defines the degree of transformation in terms of a percentage.
Value-Added Percentage Test.
Multimodal transportation.
Change in Tariff Classification.
Substantial Transformation.
6
Goods are shipped with a request for payment.
Open account.
Letter of credit.
Cash with order.
None of the answers are correct.
7
It provides protection against all risks of physical loss or damage to freight (cargo) from any external cause.
Seized Property Warehouse.
Harmonized system.
Cargo insurance.
Automated Customs System.
8
Ley de los Impuestos Generales de Importación y de Exportación (LIGIE)
I wish I knew the answer :(
Tarifa de la Ley de los Impuestos Generales
Convenio del Sistema Armonizado de Designación y Codificación de Mercancías
Comprende 12, 450 fracciones arancelarias
9
business growth is an objective because
large firms are more successful
small firms struggle to survive
large firms make more profit
small firms fail
10
Pipelines transportation transport goods (liquids, gases, etc).
False
True
None of the answers are correct.
True/False
11
It is a system through which people will visualize the process of customs clearance.
Integral Customs Operation System
Custom Recognition.
Automated Customs System.
Custom Clearance.
12
What is pop music music?
a style of music with a strong and loud beat
serious and traditional Western European music
modern music that is popular with young people
traditional music of a country
13
The buyer sends payment with his order.
Letter of credit.
Open account.
Cash with order.
None of the answers are correct.
14
Intermodal transportation is concerns a variety of modes of delivery.
False
None of the answers are correct.
True
True/False
15
They are applied to quantities of products that are allowed to be imported.
Technical measures.
Certificate of origin.
Non-Tariff Barriers.
Non-Technical measure.
16
A confusing shipment leads to a longer time at the custom office.
None of the answers are correct.
False
True
True/False
17
guess that movie
How the Grinch Stole Christmas
Elf
A Christmas Carol 2009
18
Which of the following is NOT a business objective
creativity
growth
market share
survival
19
Examination of the import or export goods of the 10% of the goods are reviewed.
Custom Recognition.
None of the answers are correct.
Custom Clearance.
Automated Customs System.
20
What is the name of this World Heritage site?
The Redeemer
Christ the Saviour
Christ the Redeemer
Saviour Christ
21
Tarifa de la ley de los impuestos generales de importación y exportación (TIGIE)
Comprende 12, 450 fracciones arancelarias
Tarifa de la Ley de los Impuestos Generales
Convenio del Sistema Armonizado de Designación y Codificación de Mercancías
I wish I knew the answer :(
22
a business plan is written
every month
when a business gets into trouble
every year
before a business starts
23
How many movies are there
10
8
9
7
24
What movie is this
IT
Penny wise
The ugly trickster
Clown of revenge
25
It is a document issued by a financial institution.
Open account.
Cash with order.
Letter of credit.
None of the answers are correct.
26
EXW – Ex Works
Rules about obligations associated with the transportation of goods.
It requires the seller to pay the costs and freight necessary.
It places the minimum responsibility on the buyer.
It places the minimum responsibility on the seller.
27
It states that a good originates in the last country where it emerged.
Value-Added Percentage Test.
Multimodal transportation.
Substantial Transformation.
Change in Tariff Classification.
28
Why it is important to analyze the methods of transportation?
The value-weight and value-volume relationship.
The value-volume relationship.
The value-weight relationship.
The costa of volume relationship.
29
Where can this World Heritage site be found?
Egypt
India
Sri Lanka
England
30
Who invented electronic music?
Robert Moog
Alicia Keys
Marshmellow
Alicia Rivas
31
They are related to the product itself or its accessories.
Certificate of origin.
Technical measures.
Non-Technical measure.
Non-Tariff Barriers.
32
Spain is the third country in the world (after Italy and China) with more places declared World Heritage Site by UNESCO
False
True
33
Air method represents less transportation time, lower risks, lower insurance premiums and lower packaging costs…
True/False
False
True
None of the answers are correct.
34
t is very efficient, with economy of scale and high energy efficiency.
Maritime transportation.
Air transportation.
Multimodal transportation.
Rail transportation.
35
Russian business language is English.
False
True
36
What is the definition of business culture?
the acceptance of different cultures within the business
the model or style of business operations within a company
the culture within the business
the culture of the employees in the business
37
Criteria needed to determine the national source of a product.
Rules of origin.
Custom Recognition.
INCOTERMS.
Custome clearance.
38
To reduce the risks of international operations you can go to international companies that inspect the cargo.
True
None of the answers are correct.
True/False
False
39
guess that movie
The Jungle Book
Quest for Camelot
Tom & Jerry - The Movie
40
I started my business with a very low _______.
Money
Expenses
Capital
Benefits
41
It is an internationally standardized nomenclature for the classification of good by WCO.
Harmonized system.
Shipping container.
Bill of lading.
Seized Property Warehouse.
42
INCOTERMS
It places the minimum responsibility on the seller.
Rules about obligations associated with the transportation of goods.
It places the minimum responsibility on the buyer.
It requires the seller to pay the costs and freight necessary.
43
FCA – Free Carrier
It places the minimum responsibility on the buyer.
Rules about obligations associated with the transportation of goods.
It places the minimum responsibility on the seller.
The seller delivers the goods, which are cleared for export,
44
It is a shipping document issued by the carrier to the shipper for receipt of the goods.
Packing list.
Bill of lading.
Shipping container.
Harmonized system.
45
What movie is this
Bad guy
Joker
Trickster
IT
46
It has the suitable strength to withstand shipment, storage, and handling.
Shipping container.
Harmonized system.
Packing list.
Bill of lading.
47
They are the preparation and submission of documentations required to facilitate export or imports into the country.
None of the answers are correct.
Custom Recognition.
Automated Customs System.
Custom Clearance.
48
What movie is this
Biggest man
Men & tattoo
Hair war
Aqua man
49
It receives the electronic custom declaration by the custom broker to entry or exit of the goods by national territory.
Custom Recognition.
Automated Customs System.
Custom Clearance.
None of the answers are correct.
50
It is a formal document that itemizes a number of details about the cargo such as seller, buyer, shipper, etc.
Packing list.
Shipping container.
Bill of lading.
Harmonized system.
51
It a technical test that prescribes production or sourcing processes.
Change in Tariff Classification.
Specified Processes.
Value-Added Percentage Test.
Substantial Transformation.
52
They are part of trade arrangements that might be bilateral or regional.
Automated Customs System.
Specified Processes.
Preferential.
Non-preferential.
53
Multimodal transportation performe at least two different transportations.
False
None of the answers are correct.
True
True/False
54
The merchandise will remain in the warehouse until it is authorized to be released.
Harmonized system.
Bill of lading.
Seized Property Warehouse.
Shipping container.
55
Obstacles to restrict imports other than the simple imposition of tariffs.
Technical measures.
Non-Tariff Barriers.
Certificate of origin.
Non-Technical measure.
56
Social responsibility is the duty of business to
contribute to product development
provide social activities for employees
provide educational loans to employees
contribute to the well-being of society
57
It determines the origin by changing classification of Harmonized System.
Change in Tariff Classification.
Substantial Transformation.
Specified Processes.
Value-Added Percentage Test.
58
What is folk music?
modern music that is popular with young people
serious and traditional Western European music
a style of music with a strong and loud beat
traditional music of a country
59
What is this World Heritage Site called?
Humber Bridge
Fifth Bridge
Ironbridge
Forth Bridge
60
t has been the largest carrier of freight throughout recorded history.
Maritime transportation.
Rail transportation.
Multimodal transportation.
Air transportation.
61
CFR – Cost and Freight
It requires the seller to pay the costs and freight necessary.
It places the minimum responsibility on the seller.
Rules about obligations associated with the transportation of goods.
It places the minimum responsibility on the buyer.