E-Learning Group of Professional Body
International Trade
Welcome to the International Trade Exam
You have 2hrs to complete this Exam. Goodluck
The number of attempts remaining is 2
1 / 50
What is the main advantage of a cash purchase system?
2 / 50
What document is an ordered list of all the materials needed to make a product?
3 / 50
What is a document that the seller gives the buyer that includes the price and description of the goods?
4 / 50
What is it called when a company sells older products to foreign markets?
5 / 50
What is something that has made international trade easier?
6 / 50
What is the term for sending goods out of a country?
7 / 50
What is a measure of a supply chain's effectiveness?
8 / 50
What is NOT an activity in Supply Chain Management?
9 / 50
What is the concept of producing the right product at the right time, right place, and right cost?
10 / 50
What is the primary purpose of Incoterms?
11 / 50
What does 'DEQ' stand for in Incoterms?
12 / 50
Under which Incoterms does the seller clears the goods for export?
13 / 50
What does 'FAS' stand for in Incoterms?
14 / 50
What do export trading companies do?
15 / 50
What is the most desirable payment method for an exporter?
16 / 50
What is a document that gives the price of a product to an overseas customer?
17 / 50
What is the most common export pricing for new exporters?
18 / 50
What should an export price ideally ensure?
19 / 50
What is the first thing you should do when you receive a letter of inquiry?
20 / 50
What should a company have to have before thinking about exporting
21 / 50
What is Intermodal Transport?
22 / 50
What is the function of a carrier in international shipping?
23 / 50
What is NOT a typical role of a freight forwarder?
24 / 50
Who is often referred to as a "travel agent for freight"?
25 / 50
What should you NOT do when responding to an international inquiry?
26 / 50
Under which Incoterm does the seller deliver the goods to the buyer, unloaded at a named place in the country of destination?
27 / 50
Which Incoterm requires the seller to pay the costs and freight to bring the goods to the named port of destination?
28 / 50
Under which Incoterm does the buyer bear all costs and risks once the goods pass the ship's rail?
29 / 50
Which Incoterm means the seller delivers the goods at their own place of business?
30 / 50
What do Incoterms clarify?
31 / 50
Who developed Incoterms?
32 / 50
What is a letter of credit?
33 / 50
What export financing method involves the exporter getting payment before goods are shipped?
34 / 50
What type of insurance allows an exporter to offer Open Account terms to a foreign customer and be assured of payment?
35 / 50
What is a trade agreement where goods are shipped to a foreign buyer without guarantee of payment?
36 / 50
What is a financing method where merchandise is provided to the importer on a deferred payment basis?
37 / 50
What is a financial service where an independent company confirms an export order and makes payment?
38 / 50
Which is a source of export financing?
39 / 50
What is a common approach to export pricing for a new-to-export firm?
40 / 50
41 / 50
Which of the following is an ingredient of an export plan?
42 / 50
What is a common mistake of potential exporters?
43 / 50
What is an implication of international trade for multinational companies?
44 / 50
Which of the following is a trend in international trade?
45 / 50
What is a reason for a company to import?
46 / 50
Which of the following is a reason a company should export?
47 / 50
What is NOT a benefit of the internet in international trade?
48 / 50
What has the internet created for players in the global marketplace?
49 / 50
What is a major difference between domestic and international trade?
50 / 50
What is the term for buying goods across borders?
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