CGBP (Certified Global Business Professional) Final Exam 2025 – Comprehensive
Study Guide & Review
A primary function of __________ is/are to anticipate the possibility of default or delay in
payments by foreign borrowers. - correct answer ✔✔ country risk assessment
Transfer pricing is an issue facing U.S. exporters: - correct answer ✔✔ only when selling to a
related foreign buyer.
Which of the following is primarily responsible for regulating the export of non-military U.S.
goods and technologies? - correct answer ✔✔ Bureau of Industry and Security
Which of the following is a source of primary data about foreign markets? - correct answer ✔✔
Customer survey
The Foreign Corrupt Practices Act applies: - correct answer ✔✔ to all foreign countries.
If a company charges different prices for the same product in different foreign markets, it may
be encouraging one of the following market conditions for its product: - correct answer ✔✔
Gray market
Which of the following government resources would be appropriate to prearrange meetings
with potential foreign buyers? - correct answer ✔✔ U.S. Commercial Service
A company has decided to sell its products internationally through the use of an Export
Management Company. This would best be described as: - correct answer ✔✔ indirect
exporting.
A country's use of quotas is an example of: - correct answer ✔✔ non-tariff barriers.
, Which of the following would be a common element found in most distributor agreements? -
correct answer ✔✔ Exclusivity or non-exclusivity clause
Which of the following lncoterms would mean the main carriage is paid by the seller? - correct
answer ✔✔ CIF
A manufacturer is interested in shipping its product to a foreign country. The product costs $1
per unit to make. The duties and taxes are $.50 per unit, and the shipping costs are $.10 per
unit. What is the landed cost to ship 1000 units? - correct answer ✔✔ $160O
SNAP can be used to apply for a/an? - correct answer ✔✔ U.S. export license
A manufacturer located in the customs territory of the United States imports lenses from Japan.
The lenses are incorporated into sunglasses that are then exported to Malaysia. Which of the
following statements is correct? - correct answer ✔✔ Nearly all the of the customs duty on the
import of the lenses may be recovered from U.S. Customs
The U.N. Convention on Contracts for the lnternational Sales of Goods has: - correct answer ✔✔
established a uniform framework for international sales contracts.
Which of the following forms of assistance is available to US exporters from the Export-Import
Bank in connection with export contracts? - correct answer ✔✔ Credit insurance
Which of the following payment terms presents the LEAST risk to the exporter? - correct answer
✔✔ lrrevocable letter of credit confirmed by a major U.S. bank
lmported products become more expensive to U.S. importers when the: - correct answer ✔✔
U.S. dollar weakens in relation to the foreign exporter's currency.
Study Guide & Review
A primary function of __________ is/are to anticipate the possibility of default or delay in
payments by foreign borrowers. - correct answer ✔✔ country risk assessment
Transfer pricing is an issue facing U.S. exporters: - correct answer ✔✔ only when selling to a
related foreign buyer.
Which of the following is primarily responsible for regulating the export of non-military U.S.
goods and technologies? - correct answer ✔✔ Bureau of Industry and Security
Which of the following is a source of primary data about foreign markets? - correct answer ✔✔
Customer survey
The Foreign Corrupt Practices Act applies: - correct answer ✔✔ to all foreign countries.
If a company charges different prices for the same product in different foreign markets, it may
be encouraging one of the following market conditions for its product: - correct answer ✔✔
Gray market
Which of the following government resources would be appropriate to prearrange meetings
with potential foreign buyers? - correct answer ✔✔ U.S. Commercial Service
A company has decided to sell its products internationally through the use of an Export
Management Company. This would best be described as: - correct answer ✔✔ indirect
exporting.
A country's use of quotas is an example of: - correct answer ✔✔ non-tariff barriers.
, Which of the following would be a common element found in most distributor agreements? -
correct answer ✔✔ Exclusivity or non-exclusivity clause
Which of the following lncoterms would mean the main carriage is paid by the seller? - correct
answer ✔✔ CIF
A manufacturer is interested in shipping its product to a foreign country. The product costs $1
per unit to make. The duties and taxes are $.50 per unit, and the shipping costs are $.10 per
unit. What is the landed cost to ship 1000 units? - correct answer ✔✔ $160O
SNAP can be used to apply for a/an? - correct answer ✔✔ U.S. export license
A manufacturer located in the customs territory of the United States imports lenses from Japan.
The lenses are incorporated into sunglasses that are then exported to Malaysia. Which of the
following statements is correct? - correct answer ✔✔ Nearly all the of the customs duty on the
import of the lenses may be recovered from U.S. Customs
The U.N. Convention on Contracts for the lnternational Sales of Goods has: - correct answer ✔✔
established a uniform framework for international sales contracts.
Which of the following forms of assistance is available to US exporters from the Export-Import
Bank in connection with export contracts? - correct answer ✔✔ Credit insurance
Which of the following payment terms presents the LEAST risk to the exporter? - correct answer
✔✔ lrrevocable letter of credit confirmed by a major U.S. bank
lmported products become more expensive to U.S. importers when the: - correct answer ✔✔
U.S. dollar weakens in relation to the foreign exporter's currency.
