Question

In: Economics

_____1. Which of the following is a major responsibility of the U.S. Customs Service? a. to...

_____1. Which of the following is a major responsibility of the U.S. Customs Service?

a. to operate foreign trade zones

b. to certify maquiladoras

c. to clear goods for entry into the U.S.

d. to determine cultural differences in other countries that might affect the ability of U.S. firms to do business there

_____2. Areas designated by the government to delay or avoid taxes are

a. foreign trade zones

b. free trade areas

c. economic communities

d. maquilidoras

_____3. The international marketer is not concerned about

a. The role of government in an economy

b. Foreign investment in an economy

c. Climate in a country

d. The international marketer is concerned with all of these

_____4. A marketing orientation by the firm would indicated ______ pricing by the exporter.

a. Ex-Factory

b. f.o.b.

c. f.a.s.

d. c.i.f

. _____5. Common payment methods are: 1. Cash in Advance 2. Consignment 3. Open Account 4. Time or Sight Drafts (Bill of Exchange). The order of decreasing attractiveness to the exporter would be:

a. 1,2,3,4

b. 1.4.3.2

c. 1,3,2,4

d. 1,4,2,3

Expert Solution

1) Option C :- To clear goods in for entry into US

The major responsibility of US customs service is to clear goods for entry to US.
They serve the process of checking lugguages, bags, cargo which comes in and go across the US border.
They monitor the illegal goods entry to the US.

2)Option A :- Foreign trade zone

Areas designated by the government to delay or avoid taxes are foreign trade zone.
It is an area secured under US customs and CPB

3) Option D :-

The international marketer is concerned with all of these

They are concerned about
- The government's role in the economy
- Foreign investments
- Climate

4) Option D :- CIF

The CIF pricing by the exporter is indicated by the market orientation by firm

5) Option C :- 1,3,2,4

The order of decreasing attractiveness to the exporter would be:
- Cash in advance
- Open account
- Consignment
- Bill of exchange

Thanks

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Rahul Sunny answered 2 years ago

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