UPDATE | WITH COMPLETE SOLUTION
The commercial invoice
1)is sent ahead of the shipment.
2)is the same thing as a letter of credit.
3)replaces the need for an export license.
4)is always issued in the exporter's currency
5)None of the above Answer - None of the above
A government will use a(n) _____ to attempt to control the export of national
treasures or antiques.
1) export license
2) consular invoice
3) Uniform Commercial Code
4) duty
5) pro forma invoice Answer - export license
The United States export policy is mostly concerned about
1)keeping some military technologies away from some countries.
2)stopping exports of non-essential items to countries that cannot afford them.
3)regulating exports to countries that have strong import regulations.
4)preventing the spread of agricultural diseases and pests outside of the U.S.
, 5)preventing the sale of intellectual property to countries that do not protect
it. Answer - keeping some military technologies away from some countries.
In 1996, the _____ was revised to a U.S. export policy stating that "everything
is authorized unless it is specifically prohibited."
1) destination control statement
2) EAR
3) pro forma invoice
4) shipper's export declaration
5) customs export Answer - EAR
A product not on the Commerce Control List, or whose Export Control
Classification Number does not call for an export license, is classified as
1) NLR
2) SED
3) BIS
4) ICC
5) EAR99 Answer - EAR99
Which of the following pieces of information does an international commercial
invoice contain?
1)Incoterms
2)a precise description of the product
3)terms of payment
4)weight and measurements of the product
5)all of the above Answer - all of the above