CGBP Exam 2022 with complete solution
A primary function of ________ is/are to anticipate the possibility of default or delay in
payments by foreign borrowers. -Ans>> country risk assessment
Transfer pricing is an iss
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CGBP Exam 2022 with complete solution
A primary function of ________ is/are to anticipate the possibility of default or delay in
payments by foreign borrowers. -Ans>> country risk assessment
Transfer pricing is an issue facing U.S. exporters: -Ans>> only when selling to a related
foreign buyer
Which of the following is primarily responsible for regulating the export of non-military
U.S. goods and technologies? -Ans>> Bureau of Industry and Security
Which of the following is a source of primary data about foreign markets? -Ans>>
Customer survey
The Foreign Corrupt Practices Act applies: -Ans>> to all foreign countries
If a company charges different prices for the same product in different foreign markets,
it may be encouraging one of the following market conditions for its product: -Ans>>
Gray market
Which of the following government resources would be appropriate to pre- arrange
meetings with potential foreign buyers? -Ans>> U.S. Commercial Service (Gold Key)
A company has decided to sell its products internationally through the use of an Export
Management Company. This would best be described as: -Ans>> indirect exporting
A country's use of quotas is an example of: -Ans>> non-tariff barriers
Which of the following would be a common element found in most distributor
agreements? -Ans>> Exclusivity or non-exclusivity clause
Which of the following Incoterms would mean the main carriage is paid by the seller? -
Ans>> CIF
A manufacturer is interested in shipping its product to a foreign country. The product
costs $1 per unit to make. The duties and taxes are $.50 per unit, and the shipping
costs are $.10 per unit. What is the landed cost to ship 1000 units? -Ans>> $1600
SNAP can be used to apply for a/an? -Ans>> U.S. export license
A manufacturer located in the customs territory of the United States imports lenses from
Japan. The lenses are incorporated into sunglasses that are then exported to Malaysia.
Which of the following statements is correct? -Ans>> Nearly all the of the customs duty
on the import of the lenses may be recovered from U.S. CustomsThe U.N. Convention on Contracts for the International Sales of Goods has: -Ans>>
established a uniform framework for international sales contracts
Which of the following forms of assistance is available to US exporters from the ExportImport Bank in connection with export contracts? -Ans>> Credit insurance
Which of the following payment terms presents the LEAST risk to the exporter? -Ans>>
Irrevocable letter of credit confirmed by a major U.S. bank
Imported products become more expensive to U.S. importers when the: -Ans>> U.S.
dollar weakens in relation to the foreign exporter's currency
An irrevocable letter of credit can be changed by the: -Ans>> agreement of all parties
For an exporter considering open account terms with a foreign buyer, which of the
following is an appropriate source of financial information on the buyer? -Ans>> Dun &
Bradstreet
A company wants to insure against the risk associated with the non-payment of a
foreign receivable. Which agency would be the most appropriate? -Ans>> ExIm
The tariff applied to any product imported into the United States is determined by its: -
Ans>> HTS number
The Gold Key service offered by the U.S. Commerce Department is useful for: -Ans>>
identifying and setting appointment with potential foreign partners
A typical global business plan would include which of the following: -Ans>> SWOT
analysis
To gain insight on tips for U.S. companies selling products or services into a particular
foreign country, a U.S. company should research which resource? -Ans>> Commercial
Service Country Commercial Guide
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