International trade

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International trade

A Danish company exports meat products to a Norwegian customer.
Which customs document should the Danish company prepare?

1. ATR certificate
2. Single Document
3. EUR.1 certificate

An American exporter ships goods to customers all over the world. The arrangement is that the buyer will insure the consignment. The exporter wants extra cover for any transit loss if the buyer cannot pay.
Which type of insurance applies here?

1. Block policy
2. Adjustable policy
3. Seller’s interest insurance

Which is an example of a tariff barrier?

1. Complicated customs formalities
2. Import duties
3. Safety regulations

An organisation provides long-term loans to developing countries.
Which organisation is this?

1. IMF
2. UNCTAD
3. The World Bank

Tuna, a fishmonger, delivers tuna to a foreign customer. The customer buys a promissory note from its bank to be able to pay Tuna. Tuna submits this note to its own bank.
Which payment method is applied here?

1. Bank cheque
2. Letter of Credit
3. Bill of Exchange

An international telecoms company has divided its organisation into multiple business units. Each business unit manages its own accounts.
Which form of account management is this?

1. Decentralised account management
2. Corporate account management
3. Regional account management

Which document informs the customer about the costs of the services supplied?

1. Order
2. Invoice
3. Packing list

What is the main purpose of a business club?

1. To meet entrepreneurs
2. To listen to speakers
3. To show products

A container of bananas from Costa Rica for which no tax has yet been paid arrives at the port of Antwerp by sea freight. After unloading, the bananas are transported to Poland.
Which type of customs procedure is this?

1. External Community Transit
2. Internal Community Transit

Which process concerns the flow of goods from the customer to the producer?

1. E-fulfilment
2. Reverse logistics
3. Outsourcing

A French company imports raw materials from Japan and exports them to Israel. Upon export, a EUR.1 certificate was issued. The Israeli importer does not have to pay import duties.
Which type of customs procedure is this?

1. Inward processing
2. No-drawback procedure
3. Outward processing

The Dutch government has entered into a contract with a company in the United Kingdom for supplying vaccines. The British government withholds part of the supply.
Which risk is the Dutch government running here?

1. Contract risk
2. Political risk
3. Suspicion of insolvency

Which of the following is a characteristic of an economic union?

1. Different external tariffs
2. Common political policy
3. Free movement of capital and labour

One of the phases of the procurement process is monitoring.
What does a procurement officer do in this phase?

1. Draw up requirements and wishes
2. Check the arrangements made
3. Evaluate the agreement

An organisation is tasked with registering companies.
Which organisation is this?

1. Evofenedex
2. Chamber of Commerce
3. Netherlands Enterprise Agency (RVO)

Rental company Festi supplies marquees for events and festivals all over Europe. One of its customers, the Smelt festival in Germany, is very satisfied and will rent again in future years.

In which phase of the relationship life cycle is this relationship?

1. Saturation phase
2. Growth phase
3. Exploration phase

An exporter knows that he will receive USD 62,000 from a customer in two months and must pay one of his suppliers USD 58,200 shortly. He decides to set off the amounts.
Which method does the exporter use to cover the foreign exchange risk?

1. Leading and lagging
2. Matching
3. Netting and clearing

HEKO resells cleaning machines from a supplier in Asia to wholesalers in Europe. The supplier makes arrangements with HEKO about gross prices, discounts, warranty, and service provision.
In which agreement are these arrangements laid down?

1. Agency agreement
2. Distribution agreement
3. Service Level Agreement (SLA)

An Argentine company exports soybeans to a customer in Germany. The goods are transported by aircraft from Buenos Aires to Munich.
Which transport document should the company prepare?

1. Bill of Lading
2. Charter Party
3. Air Waybill

A French agricultural organisation would like more information about a machine for replanting trees.
In which phase of the adoption process does the organisation find itself?

1. Interest
2. Trial
3. Awareness

A supplier of Christmas articles supplies to accounts all over Europe. The supplier investigates which 20% of accounts generate 80% of turnover and tailors its account policy accordingly.
Which method does the supplier apply?

1. RFM analysis
2. Pareto analysis
3. Customer rating

Shirt BV in Dordrecht purchases clothing from Dress & Co in the United States. The goods are transported by truck to the port and by ship to Rotterdam. The retail price in the EU forms the basis for determining the customs value.
Which customs valuation method has been applied?

1. Calculated value
2. Recalculation method
3. Transaction value