quiz 4 - Question 1 1 out of 1 points An intermediary that...

This preview shows page 1 - 2 out of 5 pages.

Question 1 1 out of 1 points An intermediary that purchases goods in the exporting country and resells them to a customer in a foreign country is called a(n): Answer Selected Answer: None of the above Correct Answer: None of the above Answer Feedback: No. The answer is an export trading company. Agents and export management corporations do not take title to the goods, while an export trading company does. A principal is the term for an exporter who deals with an agent. A contract manufacturer is a company with which an exporter forms an agreement to have products manufactured in the foreign market. REF: 4-2a Response Feedback: Yes. The answer is an export trading company. Agents and export management corporations do not take title to the goods, while an export trading company does. A principal is the term for an exporter who deals with an agent. A contract manufacturer is a company with which an exporter forms an agreement to have products manufactured in the foreign market. Question 2 1 out of 1 points A foreign sales corporation is a device used by U.S. exporters to reduce taxes. To qualify, the goods exported must have _____ percent U.S. content. This results in a tax reduction of _____ percent.
Image of page 1

Want to read all 5 pages?

Image of page 2

Want to read all 5 pages?

You've reached the end of your free preview.

Want to read all 5 pages?

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern