. _______ Purchasing products or materials in other nationsand bringing them into one’s own country isa. trading.b. balancing.c. exporting.d. importing.e. dumping.
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. _______ Purchasing products or materials in other nations
and bringing them into one’s own country is
a. trading.
b. balancing.
c. exporting.
d. importing.
e. dumping.
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- Which of the following environmental factors can affect thecost of doing business in a foreign country? (Identify allcorrect answers.)a. The educational level of the workforce.b. Laws regulating the transfer of profits out of a country.c. Tax and tariff regulations.d. Restricted access to communication and transportationnetworks.Identify a product that would be interested in importing and selling here in the U.S. What is the pros and cons of using any two methods of payment to settle the transaction with the overseas supplier of the product Importing and selling here in U.S.?Question What does International transfer pricing generally entail ? Select an answer: ( A ) the premium (ar tax) charged when products are moved across international borders ( B ) factoring in the various tax rates of the jurisdictions from where a product is coming from and where it is going to ( C ) a corporation selling products a different prices in different countries ( D ) a corporation selling products from one division of the corporation to another division of the corporation located in a different country
- Please explain Import/Export Fundamentals in detailsFunctional currency is the currency that influences sales price, labour, material and other costs of a company’s goods and services. (a) Explain factors that should also be considered to determine the functional currency of a foreign operation. (b) Explain what will happen if a business transaction is denominated in foreign currency but reported in functional currency.Which one of these represents the most basic level of international participation by a business entity? Multiple choice question. Operating a single retail store in a singe foreign country Producing a single product in a foreign-built facility Importing and exporting goods and services Operating multiple facilities in various countries to spread risk
- Host nations have adopted competition policy and anti-dumping law. a. Why do multinational enterprises collude? b.Examine the characteristics of multinational enterprises that collude. c.Discuss the following:1 Cultural impact on translating IFRS into different languages. Be sure to include some examples. Your discussion also should include the cultural differences per Hofstede's cultural dimensions that affect accounting interpretations/judgments across countries.2 How to cope with cultural impact on: (a) translating IFRS into different languages and (b) interpretation of IFRS across countries.Which of the following is a part of the economic environment of a foreign country a Language b. Values and ethics c. Currency stability d. Size of population De Education levels
- Which of the following statements is true of foreign trade zone? It is an area through which merchandise is allowed to pass with fewer procedures but higher taxes. These areas provide very limited employment opportunities. International companies can store goods in these zones without incurring taxes, before shipping them to other countries. Goods imported into these zones require import licenses and are subject to import duties.. _______ Foreign licensing is similar toa. starting from scratch.b. franchising.c. wholesaling.d. establishing a subsidiary in another country.e. establishing a sales office in a foreigncountry.why customs and compliance understanding and knowledge is important to Canadian importers and exporters.