Companies both large and small now view the world, rather than a single country, as their marketplace. Use the compound interest formula (1) to find the indicated values. Federal Mediation and Conciliation Service E. kanban. B. the goods and services cannot be traded for money. False Using host-country nationals at an overseas subsidiary is generally less expensive than using expatriates. A. It employs 76 district international trade officers and 10 regional international trade officers throughout the United States as well as a 10-person international trade staff in Washington, DC. E. They are global export management companies. D. Nonconvertibility implies that the exporter will only be paid in his or her home currency. There is no need to adapt the products to be exported to local conditions as they are sold as is. She also denied signing the guaranty agreement. E. association of export companies. Small Business Administration C. outsourcing decisions. A. b. traditional practices What is the relation, if any, between reliance on internal controls testing and substantive testing of account balances? Become a member. D. SCORE list D. letter of credit A. What are the advantages and disadvantages of exporting as a mode of entry into foreign markets? D. exporter has easy access to export credit to fund its international trade. c. local politics c. immigrants It reduces the importer's ability to borrow funds for other purposes. C. can be used to obtain payment or a written promise of payment before the merchandise is released to the importer. True The most significant disadvantage concerning franchising is brand name recognition. a. reduce their population density This is an example of _____. C. receipt d. the United States, the European Union, and Canada, Which of the following has become an important provider of online technological support for the United States? e. it is inconsistent with a pure global strategy, ___ is an arrangement by which an organization in another country buys the rights to manufacture a company's product in its own country for a negotiated fee D. It provides export specialists who act as the export marketing departments or international departments for their client firms. A. it fails to enable firms to finance an export deal. A. counterpurchase A. matchmaker program D. draft d. do a cost-benefit analysis of outsourcing Advantages of exporting You could significantly expand your markets, leaving you less dependent on any single one. E. Federal Reserve Bank, The Foreign Credit Insurance Association (FCIA) is an association of private commercial institutions operating under the guidance of the _____. For Prevalent in dealing with developing-country governments, Nontraditional trade deals since the 1960s d. varied consumer preferences B. offset E. It gives novice exporters the names and addresses of potential distributors in foreign markets along with businesses they are in. C. It gives a firm a way to finance an export deal when other means are not available. C. SCORE program a. offshoring B. . a. Russia An official of the carrier gives the exporter a bill of lading. Due to a lack of trust, Terabithia decided to make it a one-time-only deal. d. inpatriates E. barter, TruWorth Petroleum negotiated a deal with a foreign country in which TruWorth would build several ammonia plants in the foreign country and receive ammonia as partial payment over a 20-year period. An exporter has to forgo a letter of credit when: B. creating revenue. b. centralism c. free-trade agreements b. anticorruption laws d. franchising These factors result in: b. outsourcing d. personal and social issues E. drafter, The two categories of drafts (or bills of exchange) are: b. low cost sites are available e. decentralized, Which of the following is true of the global model? d. limits its subsidiaries to market and service functions Which of the following is true with respect to the international and domestic practices of settling trade transactions? Round answer to the nearest cent. c. identify the best strategy for completing in a global marketplace A lack of trust between two parties engaged in international trade is exacerbated by the: b. differences in traditional practices among countries B. e. licensee has lower production costs, a. licensee bears most of the costs and risks associated, A disadvantage of licensing is that the licensing company D. It typically lacks information about local business regulations. A. Brazil c. global a. global d. expatriation E. In an international transaction, there is more trust between the exporter and the importer than in a domestic transaction. If Jamila goes to work at Regal's factory, she will be considered a(n): As the parent company, NewGen runs its R&D department from its home country, so that each foreign subsidiary remains dependent on it for new products, processes, and ideas. C. It coordinates a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. 2. Thus, a portion of a ship's cost is recorded as an expense each time Carnival sets sail for a new destination. If negotiations fail & cost of termination is substantial assistance from its bank or attorney E. taking financial aid from Ex-Im Bank. Advantages of exporting Extending to a global scale. B. sogo shosha This example fits into which category of pressures for local responsiveness? c. multinational and international Which of the following is true of medium-sized and small firms? c. global To cater to the growing demand of luxury cars, Terabithia Republic agreed to buy 5,000 cars from MotoSporto Inc. in exchange for 5,000 gallons of oil. d. transnational model d. Asia a. lack of response to local political conditions B. a buyback D. strategy management company E. The Ministry of International Trade and Industry (MITI) in the United States is always on the lookout for export opportunities. In which of the following types of countertrade arrangement are the two parties engaged? b. IBM b. bribery Family issues are the main reason for expatriates to return home early. b. the goods and services cannot be traded for money. b. expatriates often tend to transfer the corporate culture and best practices to other countries b. competiveness A. B. e. Taiwan, Which of the following existing agreements includes Costa Rica, Nicaragua, and the United States? C. inshoring B. C. Overseas Commercial Service The exporting company can fail to develop its own exporting capabilities. D. It involves huge cash transactions. Sight draft e. inpatriate, Dan is sent on short-term work assignment from the United States to Great Britain, where traffic laws require driving on the left side of the road. D. has fewer export opportunities. B. Which of the following is true of barter as a countertrade arrangement? It helps in easy currency conversion. When a time draft is drawn on and accepted by a bank, it is known as a _____. c. culture shock B. On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms. E. offsourcing, Which of the following is one of the three regions that dominate the global economy? Trade expansion benefits families and businesses by: Supporting more productive, higher paying jobs in our export sectors. Seller agrees to supply technology or equipment to construct a facility e. there are reduced opportunities for global trade, b. many companies find their home markets under attack from foreign competition, Collaborating with other countries in trade b. the transnational model c. Substantive testing should be twice the amount of internal controls testing. C. lack of trust d. leads to reduced efficiency b. takes on greater political risk Federal Trade Commission b. licensing a. Brazil Product buy-back agreement The most significant disadvantage concerning franchising is brand name recognition. In international trade, an exporter wants to be paid before a consignment is shipped. e. it has reversed the trend of increased automation, c. wages in the foreign countries rise, reducing the expected cost savings, An organization's economic environment includes A. offshoring C. International Trade Administration c. traditional practices C. Letter of credit b. does not give any freedom to its subsidiaries to respond to local conditions Conservation of foreign currency, Changes of commodity prices b. CAFTA-DR a. a loss of control over technology is likely to occur C. Entering a foreign market on a small scale E. compensation, A(n) _____ occurs when a firm builds a plant in a country and agrees to take a certain percentage of the plant's output as partial payment for the contract. E. Offset. A. bill of lading C. foreign direct investment management firm e. inpatriates, Which of the following is a reason why some companies prefer to use expatriates at their overseas operations? B. E. It cannot be used in transactions with trading partners who are not creditworthy. D. counterpurchase e. royalty facilitation, Which of the following is a disadvantage of franchising? Advantages of Exporting Strategy can be easily implemented Less investment abroad- small firms can also enter int. D. guanxi Are there any outliers? b. a wholly owned subsidiary offers too much flexibility over operations A. c. work for fewer hours E. selling the draft to an investor at a discount from its face value. Great Britain A. E. Avoiding recruitment of local personnel, Entering a foreign market on a small scale. They are organizations within the U.S. Department of Commerce. Hedge against currency fluctuations A. asset for the drawee. b. decentralized structures A firm that enters many markets at once: each team, use this variable to create a new variable, stadium age, by subtracting she had signed the credit authorization form because Zhang had d. bribery concerns Companies that export spread business risk by diversifying into multiple markets.. continue reading Refer to the Baseball 2016 data that report information on the 30 Major League . Which of the following is true of exporting? International Business Chapter 14 Multiple Ch, IB 3101 Final - CONNECT Chapter Assessments, rsula Pueyo, deportista profesional p.50, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. Which of the following is an advantage of exporting? A. the foreign currency is easily convertible. Once accepted by the drawee, a time draft becomes a(n): a. leads to increased prices a. international Many foreign customers require face-to-face negotiations on their home turf. They are the great trading houses of the United States. a. the existence of widely torn traditional clothing styles d. the subsidiaries depend completely on the parent company for new products The United States is the largest services trading country in the world. In an international transaction, a formal promise to pay is required before the buyer can obtain merchandise. B. similar preferences of the parties regarding how a transaction should be configured. Switch trading C. buyer E. Africa. A. offshoring C. inshoring The exporter pays the trusted third party (usually a bank) a fee for the service. B. A. exporter is exposed to the risk that the importer may default on payment. c. raises the standards of living C. Germany E. letter of credit, When a time draft is drawn on and accepted by a business firm, it is known as a(n) _____. The situation in which consumer tastes and preferences regarding a product are similar in many different countries is an example of C. only U.S. firms. A. the United States China's coal imports from Australia were 2.73 million tonnes, with 2.13 million assessed as the thermal grade used in power plants, with 417,576 tonnes being coking coal used to make steel. C. "comparison shopping service" a. international model e. panic attack, Which of the following is an effective way to prevent failed global assignments? of PP Door, signed the lease agreement. A. c. requires spending more money on product customization e. reducing the dependency by communicating rarely, While Cork Commercial Containers was planning how it was going to open a plant in the Phillipines, it brought in Rodrigo, a native of the country, to teach the development team about the country's culture and economy. *i do have quizlet plus currently so i am not sure if the ability to export is only for plus users but worth a shot to try. D. insourcing B. C. switch trading C. It reduces the importer's ability to borrow funds for other purposes. Importing refers to buying goods and services from foreign sources and bringing them back into the home country. Develop a box plot 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. 7 Segmentation, Targeting, and, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. c. join venture C. a bill of exchange e. intranational, The organizational model that enables managers to "think globally but act locally" is the It specializes in serving firms in particular industries and in particular ares of the world. The World Bank What is an accurate description of countertrade? e. climate change, Under the ___, member countries of the European Union agreed to adopt a common European currency called the euro. e. wholly owned subsidiary, When a company sets up its own overseas operations, independent of foreign partners or governments, it has established a(n) e. rigid procedures, Companies that adopt the global model tend to base their global competitive strategy on e. the existence of competitors engaged in global strategic coordination, a. the existence of widely worn traditional clothing styles, Which of the following is a major disadvantage of the multinational model? C. letter of credit A. merchandise bill b. a smartphone manufacturer d. transnational e. cognitive dissonance, ___ are foreign nationals who are brought in to work at the parent company b. nostalgia B. [73-75 d. independent venture b. Inverse. a. identifying lucrative consumers on a global scale c. the international model c. global D. arbitrage D. rapid acculturation. e. cost considerations, One of the drawbacks of exporting is The number of these 1,072 givers in each of the 10 household income categories (saved in the accompanying file) is displayed in the table below. D. insourcing a. expatriate D. Sight draft b. competitive pressures to reduce costs are high D. collecting information. d. None they are independent of each other. C. Securitization Switch trading Which of the following is not a strategic advantage of exporting: A broker or other import consultant can help an importer minimize import duties by _____. B. switch trading A. The managers of Custom Jewelry have established the following target component percentages: CostofMerchandiseSold35.0%GrossProfitonSales65.0%Expenses40.0%NetIncomebeforeFederalIncomeTax25.0%\begin{array}{ll}\text { Cost of Merchandise Sold } & 35.0 \% \\ \text { Gross Profit on Sales } & 65.0 \% \\ \text { Expenses } & 40.0 \% \\ \text { Net Income before Federal Income Tax } & 25.0 \%\end{array} a. local demand What is the reason that firms take a reactive approach? C. It does not have expert specialists to help neophyte exporter identify opportunities. a. ethnocentric B. A. saturation of the domestic market. c. multinational D. agent Successful exporting requires that agents perform all of the following except _____. e. wholly owned subsidiary, Parent company nationals who are sent to work at a foreign subsidiary are known as D. It is also known as a bill of lading. c. subsidiaries located in countries where the company does business with much of the control exercised by the subsidiaries a. the subsidiaries are completely under the control of the parent comapny a. international Exporting can be profitable for businesses of all sizes. c. intranational True It is a document written by an exporter instructing an importer to pay a specified amount of money at a specified time. The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska liquefied natural gas (LNG) project, a document showed, prompting criticism from environmental groups . d. realizes higher profit margins d. intranational It gives the exporter greater flexibility to choose the goods that it wishes to purchase. c. offshoring c. Draw a scatter diagram with the variable, wins, on the vertical axis and salary on the Advantages of exporting . accident and had asked her to help pay his bills, including the rent China B. becomes established in all the markets. d. prefers familiarity C. free trade D. Ex-Im Bank e. domestic, Which of the following is true of the multinational approach to international competition? . a. offshoring It allows payment for merchandise after its delivery. C. Offset D. It helps companies increase their unit costs. Firms engaged in international trade deal with people they may have never seen, who live in different countries, who speak different languages, and who abide by different legal systems. c. Middle East c. marriage The exporter can insure against this possibility by: D. It results in lower shipping costs. e. inpatriation, Which of the following has been an unexpected effect of offshoring? 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