31) A driving factor for the growth in imports is the impact of ________. A) government programs B) labor specialization C) consumer preferences D) social trends 32) A broker or other import consultant can help an importer minimize import duties by ________. A) bypassing duty rebates available through drawback provisions B) incurring duties by using non-bonded warehouses and foreign trade zones C) maximizing liability by improperly marking an import’s country of origin D) valuing products in such a way that they qualify for more favorable duty treatment 33) The primary responsibilities of the ________ are the assessment and collection of all duties taxes and fees on imported merchandise the enforcement of customs and related laws and the administration of certain navigation laws and treaties. A) Bureau of Customs and Border Protection B) U.S. Secret Service C) Internal Revenue Service D) Food and Drug Administration 34) All of the following are primary duties of the Bureau of Customs and Border Protection EXCEPT which one? A) assessing all duties taxes and fees on imported merchandise B) collecting import and export tariffs C) protecting the U.S. from threatening imports D) policing smuggling operations 35) In conducting ________ a business sells goods directly to or through an independent domestic intermediary in the exporter’s home country that exports the products to foreign markets. A) direct exporting B) global marketing C) strategic planning D) indirect exporting 36) Which of the following is NOT one of the common ways that trade intermediaries are paid by exporters? A) commission rate B) buy-sell basis C) fixed salary D) special event contribution 37) Corbin Coffee plans to initiate activities in foreign markets through indirect exporting. The firm is most likely to use ________. A) local managers to pay tariffs and duties B) external specialists to assist in the export process C) the International Trade Administration to monitor exports D) freight forwarders to act as distributors in foreign markets 38) Meade Clocks has hired an intermediary to manage its export activity. Meade should most likely expect ________. A) lower profit margins B) greater control over global sales C) more responsibility for customer satisfaction D) frequent misunderstandings about trade regulations 39) A(n) ________ operates on a contractual basis and provides exclusive representation for an exporter’s goods and services in a foreign market. A) export management company B) import broker C) invoice agent D) countertrader 40) Which of the following is typically true of an export management company? A) It is usually a division of a manufacturing company. B) Most EMCs in the United States are large representing a wide range of products and large number of companies. C) It operates on a contractual basis for a manufacturer by helping obtain orders for its clients’ products. D) It usually takes title to products rather than act as an agent.
