3. Which of the following is a reason that imports are not a measure of the tota
ID: 2507336 • Letter: 3
Question
3. Which of the following is a reason that imports are not a measure of the total market potential for a good?
a. lack of foreign exchange
b. a competitor decides to produce locally
c. change in a country's political structure
d. all of the above
e. none of the above
5. The Harmonized Tariff Schedule of the US:
a. applies only to goods imported from the EU to the U.S.
b. provides for special rates for imports from countries that are not considered friends of the US.
c. allows an importer to receive an advanced ruling from US Customs which is binding on all customs inspectors.
d. all of the above
e. (b) and (c) above only
8. Nonequity modes of entry include
a) Strategic Alliance
b) Management contract
c) Franchising
d) All of the above
e) (b) and (c) above only
9. Management Contracts may be used
a) in a joint venture arrangement
b) in a wholly owned subsidiary situation
c) in a minority ownership situation
d) all of the above
e) (a) and (c) above only
10. Terms of Sale found in international business contracts include:
a. CFR (cost and freight, foreign port)
b. Consignment
c. Documentary Drafts
d. all of the above
e. (b) and (c) above only
11. The Ex-Im Bank
a. is a private corporation that supports firms that wish to export.
b. makes loans to foreign buyers and foreign governments to assist in financing US exports.
c. provides export credit insurance against commercial risk but not political risk.
d. all of the above
e. (b) and (c) above only
15. In value chain analysis the firm must answer the following question(s):
a. How will customer value be created?
b. Will decisions be made at the local or home office level?
c. Who are the company's target customers?
d. All of the above
e. (a) and (c) above only
16. In the most recent 40 years, union membership around the world has been in decline, in part because:
a) There are more women in the workforce.
b) The unions have been successful and priced themselves out of the market.
c) Employers have made efforts to keep business union-free.
d) (a) and (c) above only
e) All of the above.
18. Equity modes of entry include
a) Strategic Alliance
b) Management contract
c) Franchising
d) All of the above
e) (a) and (c) above only
20. The international structural stages model suggests that a typical evolutional path for an international company's structure would be:
a) from international division to geographical area division to worldwide product division.
b) from international division to worldwide product division to geographical area division.
c) from geographical area division to worldwide product division to global matrix.
d) from functional division to horizontal company to virtual corporation.
e) from international division to worldwide product division to global matrix.
22. Global teams
a) usually involve face to face interaction.
b) usually have high levels of diversity.
c) usually have geographic dispersion.
d) all of the above
e) (b) and (c) above only
Explanation / Answer
3-b
5-a
8-d
9-e
10-a
11-c
15-a
16-d
18-b
20-e
22-c
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