Graded Homework

Question:QUESTION 1

1. “When a manufacturer produces goods at home and then ships them to a foreign country for sale, this is known as “
   

   importing

   transporting

   exporting

   internationalization

7.6 points

QUESTION 2

1. A _____________________ is the instrument normally used in international commerce to effect payment.
   

   bill of exchange

   bill of lading

   foreign export waybill

   time draft

6.6 points

QUESTION 3

1. The direct exchange of goods and/or services between two parties without a cash transaction is
   

   a hand bill

   a counterpurchase

   a barter

   an offset

6.6 points

QUESTION 4

1. U.S. exporters can draw on two types of government backed assistance to help finance their exports:
   

   the foreign trade fund and the export balance fund

   the licensing fund and the world bank

   the Export-Import Ban k and export credit insurance

   the government foreign treasury account and the Export-Import Bank

6.6 points

QUESTION 5

1. The principal tool that most foreign managers use to increase flexibility of their product offering is
   

   Sixth Sigma

   logistics

   total quality control

   ISO 9000

6.6 points

QUESTION 6

1. The ability to economize inventory and reduce inventory carrying costs is a basic strategy of supply chain management. This is known as
   

   logistical timing

   strategic supplier alliances (SSA)

   just-in-time (JIT)

   cross-docking theory (CDT)

6.6 points

QUESTION 7

1. An international firm s marketing strategy is built around the manipulation of the ______________ just as that of a domestic firm.
   

   price

   marketing mix

   foreign market segmentation and target market profiling

   product features to appeal to the unique cultural tastes

6.6 points

QUESTION 8

1. “As it relates to pricing in foreign markets, demand for products is based on the same forces of ______________________ as they are in domestic markets.”
   

   the economy

   the culture

   elasticity

   development

6.6 points

QUESTION 9

1. The use of profit gained in one market to support aggressive pricing in another market to drive competitors out is called
   

   sacrificial pricing

   pricing at break-even

   predatory pricing

   price fixing

6.6 points

QUESTION 10

1. “When all key management positions are filled by parent country nationals, this is known as “
   

   ethnocentric staffing

   geocentric staffing

   discrimination

   concurrent staffing

6.6 points

QUESTION 11

1. Expatriot managers and leaders are
   

   open to unintentional bias

   the best choice to lead a division in a foreign market

   know the most about a foreign market

   the best planners of marketing strategy in a particular country

6.6 points

QUESTION 12

1. The foreign exchange rate is determined by the
   

   foreign capital market

   the credit rating of a company

   foreign exchange market

   a country s government accounting office

6.6 points

QUESTION 13

1. A(n) ___________________ between two countries is an agreement specifying which items of income with be taxed where the income is earned.
   

   product exchange agreement

   income/profit agreement

   balance of trade agreement

   tax treaty

6.6 points

QUESTION 14

1. An international firm may want to consider local debt financing for investments in countries where the local currency is expected to
   

   appreciate

   be held

   depreciate

   become a shortage

6.6 points

QUESTION 15

1. “One way to achieve _____________________ is to establish cross-functional product development teams composed of representatives from R&D, marketing, and production.”
   

   new product development

   cross-functional integration

   unique cultural designs

   corporate independence