IB 315 Quiz Unit 6 Park - Score for this quiz: 33 out of 33...

Score for this quiz: 33 out of 33
Submitted Nov 21 at 9:56am
This attempt took 10 minutes.
Question 1
1 / 1 pts
One way in which contract manufacturing is used is for a company to contract with a local
manufacturer to produce products for the company, according to the company's specifications. (1
point)
Correct!
True
False
Chapter 13
Question 2
1 / 1 pts
Every importer should know how the U.S. Customs calculates import duties and know the
importance of the product classification. (1 point)
Correct!
Chapter 14
Question 3
1 / 1 pts
Incoterms are 11 trade terms that describe the responsibilities of the buyer and seller in
international trade. (1 point)
Correct!

Chapter 14
Question 4
1 / 1 pts
Direct exporting is simpler than indirect exporting because it requires neither special expertise
nor large cash outlays. (1 point)
Chapter 13