Question 1

When a time draft is drawn on and accepted by a bank, it is known as a:

Accepted Answer

A)  trade acceptance.
B)  banker's check.
C)  banker's acceptance.
D)  bill of lading.
E)  letter of credit.F) C) and E)
G) B) and D)

Question 2

What does the term sogo shosha mean? How do they help Japanese exporters and what role do they play in countertrade?

Accepted Answer

Sogo shosha are Japan's great trading ho...

Question 3

While seeking opportunities for profitable exporting, large firms generally tend to be:

Accepted Answer

A)  passive.
B)  risk averse.
C)  wary.
D)  proactive.
E)  neutral.F) A) and C)
G) B) and D)

Question 4

In the modern era, countertrade arose in the 1960s as a way to purchase imports for:

Accepted Answer

A)  the United States.
B)  the Soviet Union.
C)  Germany.
D)  Japan.
E)  Africa.F) A) and E)
G) A) and D)

Exam 14: Exporting, Importing, and Countertrade

While seeking opportunities for profitable exporting, large firms generally tend to be: