Question $1(1$ point$)$

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You don't want to hassle of arranging the shipping and doing all the paper work. Which INCO term describes getting the product to you at your office in Charleston?$\_\_\_\_\_\_\_\_\_\_$

Question $1$ options:

EXW

FOB

DAT

DDP

Question $2(1$ point$)$

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Why is the main reason why Canadian widgets are cheapest?

Question $2$ options:

The individual price of the widget is lowest

There is no tariff on widgets imported from Canada

Insurance is less expensive if it is coming from Canada

Canada is closer so shipping is much cheaper

Question $3(1$ point$)$

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The duty $($tariff$)$ is based on which INCO Term?

Question $3$ options:

EXW

FOB

CIP

DDP

Question $4(1$ point$)$

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A freight forwarder can get the product to you for $10$ percent more. All of the following are reasons why you would use a freight forwarder EXCEPT $\_\_\_$

Question $4$ options:

A freight forwarder handles a lot of cargo and can get bulk rates on shipping and other services

You might have less than a container load and a freight forwarder could combine your shipment with another company's shipment to get cheaper shipping rates

You don't want the hassle of the paperwork

All of the above are true.

Question $5(1$ point$)$

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All the extra shipping and tariff charges add how much to the per widget cost from Germany?

Question $5$ options:

$$75$

$$100$

$$145$

$$158$

Question $6(1$ point$)$

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You have a friend with a truck who can pick up the widgets at the port of Charleston after it has cleared customs. How much would you save per widget?

Question $6$ options:

$$\mathrm{.}20$

$$\mathrm{.}50$

$$\mathrm{.}425$

$$\mathrm{.}20$

Question $7(1$ point$)$

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The widget manufacturer$/$exporter does not want to deal with any of the exporting shipping and handling or export documents. Which INCOterm should the exporter use?

Question $7$ options:

EXW

FOB

CIF

DDP

Question $8(1$ point$)$

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The lowest EXW price is the firm from $\_\_\_\_\_$

Question $8$ options:

Brazil

Canada

Germany

The all offered the same price EXW

Question $9(1$ point$)$

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Who is usually responsible for packaging the product?

Question $9$ options:

The exporter$/$seller

The importer$/$buyer

The shipping company

The trucking company

Question $10(1$ point$)$

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You are only concerned with getting the widgets for the lowest per item price. $$From which country$/$firm$,$ should you buy widgets.

Question $10$ options:

Brazil

Canada

Germany

After all the shipping and handling charges, all are the same price