BUSI 465 quiz 2 Liberty University answers complete solutions

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BUSI 465 quiz 2 Liberty University answers complete solutions Match the following terms with the correct description: Assumes obligation of paying a draft for a fee. required to prevent importers ... from falsifying the true value of products imported. payment is sent to the exporter only after goods have been sold by the foreign distributor to the end user. allows clearance of shipment of goods into the country that requires it. commitment by a bank on behalf of the importer (foreign buyer) that payment will be made to the beneficiary (exporter) provided that certain terms and conditions have been met. the purchase of invoices or accounts receivable; selling export receivables to a firm that will be responsible for collecting them. Everywhere else in the world they are called free zones, but in the United States they are called _________________________________. In June 2002, the WTO council unanimously adopted a resolution on the security and facilitation of international trade supply chain proposed by the United States that resulted in Many countries require a license to import, but the United States does not. Thousand of products are imported into the U.S. freely with no restriction. Outsourcing is the practice in which companies move or contract out some or all of their manufacturing or service operations to other company that specialize in those operations or to companies in other countries. The Federal Food, Drugs, and Cosmetic Act governs the importation of all products into the United States. At one time, tariffs were the primary means by which the United States raised fund to support the federal government. However, with the introduction of income tax in the early 1900s, tariffs for the purpose of raising revenue to on less importance. Today, the primary purpose of tariffs is to A ________________________ is a payment form where a draft is so drawn as to be payable on presentation to the drawee (usually the buyer). All governments promote exporting because it brings needed foreign exchange and stimulate job expansion. The National Strategy for Homeland Security and the Homeland Security Act of 2002 serves to mobilize and organize the United States to regulate foreign trade. All export from the United States requires an export license. The International Trade Administration of the U.S. Department of Commerce has 165 _____________________ and regional desk officers at its headquarters in Washington. The job of these desk officers. International Market Insights are Although the importation of goods into the U.S. does not require a license from the Customs Service, certain classes of merchandise might be prohibited or restricted by other agencies to: The International Trade Administration of the U.S. Department of Commerce has 165 country and regional desk officers at its headquarters in Washington. The job of these desk officers Within twenty hours of arrival of a shipment at a U.S. port of entry, the owner/agent must decide whether to enter the goods for consumption or place them in a bonded warehouse or free trade zone. NAFTA is currently a single market composed of U.S., Canada, and Mexico; however, the integration of other groups are being considered, namely: [Show More]

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