D311 CERTIFICATION EXAM LATEST 2024 QUESTIONS WITH 100% SOLVED SOLUTIONS!!

D311 CERTIFICATION EXAM LATEST 2024 QUESTIONS WITH 100% SOLVED SOLUTIONS!! Which of the following platforms is most often used to trade euro/dollar futures and options? -Answer- Liffe Connect All of the following EXCEPT ________ are considered major exchanges that deal in foreign currency. -Answer- NAFTA Why do companies enter the foreign-exchange market? -Answer- To facilitate regular business transactions Which of the following requires payment to be made when it is presented? -Answer- Sight draft Which of the following was created at a meeting between the major allied governments toward the close of World War II in an effort to bring economic stability and growth to the postwar world? -Answer- International Monetary Fund Which of the following established a par value for each currency initially quoted in terms of gold and the United States dollar? -Answer- Bretton Woods Agreement A country takes all of its currency out of circulation and replaces it with dollars. This illustrates which of the following examples of a hard peg? -Answer- Dollarization of currency Which of the following is the best definition for dollarization of the currency? -Answer- Using the dollar as an exchange arrangement with no separate legal tender Which of the following was set up as a means of creating exchange-rate stability within the European Community? -Answer- European Monetary System Which of the following determines currency values in a floating world in the absence of government intervention? -Answer- Supply and demand Which of the following closely approximates a price based on supply and demand for a currency, instead of a government-controlled price? -Answer- Black market Which of the following uses trends in economic variables to predict future rates? -Answer- Fundamental forecasting All of the following can be considered a bias that can skew forecasts EXCEPT which? -Answer- Use of fundamental predictions of outside forecasters Marketing managers watch exchange rates because they can affect which of the following for a company's products? -Answer- Demand Assessing strategy begins by assessing which of the following? -Answer- Industry structure A firm earns higher profits than its rivals when it creates more of which of the following for its customers? -Answer- Value Which of the following is part of the value chain that supports exchanges among primary and support activities? -Answer- Logistics Which of the following is the special outlook, skill, capability, or technology that runs through the firm's operations, threading disconnected activities into an integrated value chain? -Answer- Core competency Which of the following will have the greatest impact on globalization in the future? -Answer- robots Which of the following sets links that integrate and animate value activities? -Answer- Coordination The higher the pressure is for ________, the greater the need to concentrate configuration and standardize coordination. -Answer- global integration Globalization goes hand-in-hand with which of the following? -Answer- Standardization Which of the following strategies leverage core competencies around the globe? -Answer- international strategy Companies adopt a(n) ________ strategy when by making and selling common products that vary little to none from country to country. -Answer- global Which of the following is not one of the top 10 service exports? -Answer- Opening a coffee shop in a foreign market A Japanese advertising agency that creates a campaign for a Japanese-based company that then uses that campaign on a worldwide basis is known as a(n) ________ exporter. -Answer- indirect An agent that takes advantage of a price or quality difference between two or more markets, transacts deals that exploit the imbalance, and then profits from the difference is a(n) ________. -Answer- arbitrageur A company that develops alternative suppliers to make the company less vulnerable to the dictates of a local supplier is following a ________ import strategy. -Answer- diversification ________ are arguably the greatest impediment to international traders. -Answer- Financial constraints A bill for the goods from buyer to seller listing a description of the goods, buyer/seller ad-dresses, and delivery and payment terms is a ________. -Answer- commercial invoice Exports support more than ________ jobs in the United States. -Answer- 10 million Which of the following brings buyers and sellers together, functioning as a trade matchmaker and creating value by determining foreign customers' preferences, identifying domestic suppliers, and expediting transactions between the two parties? -Answer- Export trading companies The country profile is a component in the ________ portion of the export plan. -Answer- foreign market analysis The risk management component of the export plan includes all of the following except ________ risk. -Answer- product Coca-Cola has traded its syrup for cheese from the Soviet Union, oranges from Egypt, tomato paste from Turkey, beer from Poland, and soft drink bottles from Hungary. These are all examples of _______. -Answer- countertrade A transaction in which products are exchanged directly for products of equal value without the use of money as a means of purchase or payment is known as ________. -Answer- barter Which of the following is a service performed by a customs agent? -Answer- Inspect shipments of goods as they cross international borders When a firm hires a trade intermediary, the firm gives up some control over the import/export process. Which of the following is NOT determined by the intermediary, but by the export firm? -Answer- Production schedule How does the Internet affect the import/export process? -Answer- Online filing of transit forms can expedite shipments.