Quiz: Global Trade Quest


Global Trade QuestOnline version Expand your export know-how by Zara Z 1 Which document proves title to goods in international sales? a Certificate of Origin b Commercial Invoice c Bill of Lading d Export License 2 What term describes the price of a product including shipping and insurance to the destination port? a Free on Board (FOB) b Delivered Duty Paid (DDP) c Ex Works (EXW) d Cost, Insurance and Freight (CIF) 3 Which Incoterms rule places responsibility on the seller to deliver goods to a named place and pay costs needed to get there? a FCA (Free Carrier) b FOB (Free On Board) c DDP (Delivered Duty Paid) d DAP (Delivered at Place) 4 Which payment method minimizes exporter's risk by using a bank intermediary? a Open Account b Documentary Collection c Cash in Advance d Letter of Credit 5 What is a tariff? a A subsidy for exports b A tax on imported goods c A quota on imports d A permit to export 6 Which document certifies the country of origin of goods? a Bill of Lading b Packing List c Commercial Invoice d Certificate of Origin 7 Which term means a company will not bear transport risk once goods are shipped? a FOB (Free On Board) b DAP (Delivered at Place) c DDP (Delivered Duty Paid) d CIF (Cost, Insurance and Freight) 8 Which financing instrument is commonly used to finance exports before payment is received? a Export Credit Insurance b Bill of Exchange c Standby Letter of Credit d Trade Credit Line 9 Which export marketing activity analyzes demand and competition in a target market? a Market Research b Internal Auditing c Product Design d Tax Planning 10 What is a primary purpose of export compliance programs? a Lower shipping costs b Prevent sanctions and fines c Reduce production time d Increase domestic sales

1

Which document proves title to goods in international sales?

a

Certificate of Origin

b

Commercial Invoice

c

Bill of Lading

d

Export License

2

What term describes the price of a product including shipping and insurance to the destination port?

a

Free on Board (FOB)

b

Delivered Duty Paid (DDP)

c

Ex Works (EXW)

d

Cost, Insurance and Freight (CIF)

3

Which Incoterms rule places responsibility on the seller to deliver goods to a named place and pay costs needed to get there?

a

FCA (Free Carrier)

b

FOB (Free On Board)

c

DDP (Delivered Duty Paid)

d

DAP (Delivered at Place)

4

Which payment method minimizes exporter's risk by using a bank intermediary?

a

Open Account

b

Documentary Collection

c

Cash in Advance

d

Letter of Credit

5

What is a tariff?

a

A subsidy for exports

b

A tax on imported goods

c

A quota on imports

d

A permit to export

6

Which document certifies the country of origin of goods?

a

Bill of Lading

b

Packing List

c

Commercial Invoice

d

Certificate of Origin

7

Which term means a company will not bear transport risk once goods are shipped?

a

FOB (Free On Board)

b

DAP (Delivered at Place)

c

DDP (Delivered Duty Paid)

d

CIF (Cost, Insurance and Freight)

8

Which financing instrument is commonly used to finance exports before payment is received?

a

Export Credit Insurance

b

Bill of Exchange

c

Standby Letter of Credit

d

Trade Credit Line

9

Which export marketing activity analyzes demand and competition in a target market?

a

Market Research

b

Internal Auditing

c

Product Design

d

Tax Planning

10

What is a primary purpose of export compliance programs?

a

Lower shipping costs

b

Prevent sanctions and fines

c

Reduce production time

d

Increase domestic sales

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Global Trade Quest

Quiz

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Global Trade QuestOnline version

by Zara Z

Which document proves title to goods in international sales?

What term describes the price of a product including shipping and insurance to the destination port?

Which Incoterms rule places responsibility on the seller to deliver goods to a named place and pay costs needed to get there?

Which payment method minimizes exporter's risk by using a bank intermediary?

What is a tariff?

Which document certifies the country of origin of goods?

Which term means a company will not bear transport risk once goods are shipped?

Which financing instrument is commonly used to finance exports before payment is received?

Which export marketing activity analyzes demand and competition in a target market?

What is a primary purpose of export compliance programs?

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