18春北语《商贸英语》作业3

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(单选题) 1: In( ), the parent company delegates sufficient power to each subsidiary to manage the production and marketing in the host country. A: multi-domestic corporation B: the global corporation

C: the transnational corporation D: world companies

(单选题) 2: Initially, GATT consisted of only ___ basic parts. A: one B: two C: three D: four

(单选题) 3: If there is no specific indication whether a credit is revocalbe or irrevocable, it should be regarded as . A: revocable credit B: irreocable credit C: either A or B D: both A and B

(单选题) 4: The new international economic order would give more consideration to the interests of .

A: the developed countries

B: the less-developed countries C: the WTO

D: the United Nations

(单选题) 5: If a credit stipulated that its amount can be renewed or reinstated without specific amendment to the credit being made, it is then a ___credit. A: revolving

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B: non-draft C: transferable D: sight

(单选题) 6: The most powerful institution of the EU is___. A: the Council of Ministers B: the president

C: the House of Lords D: the House of Commons

(单选题) 7: Which of the following is NOT true about the European Union? A: It eliminated the cost of cross-border transactions. B: It realized better economies of scale.

C: It made the European companies more efficient. D: It realized political union in Europe.

(单选题) 8: In international investment, the foreign country where the investor operates is called . A: the home country B: the host country

C: the investing country D: the capital country

(单选题) 9: The terms of IDA credits are traditionally made only to . A: developed countries B: developing countries C: government

D: non-governmental organizations

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(单选题) 10: The highest form of economic integration is called____. A: Triad B: OPEC C: APEC

D: the economic union

(单选题) 11: Membership in the is a prerequisite for membership in the International Finance Corporation.

A: International Bank for Reconstruction and Development B: International Development Association C: Multilateral Investment Guarantee Agency D: International Monetary Fund

(单选题) 12: is usually used to move goods of low-value, and in large quantity. A: Rail transportation B: Pipeline transportation C: Water transportation D: Air transportation

(单选题) 13: The operation of the letter of credit starts with the ___. A: exporter B: importer C: consumer D: policymaker

(单选题) 14: A ___is a tax levied on a commodity when it crosses the boundary of a customs area which usually coincides with the area of a country. A: tariff

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B: fine C: charge D: surcharge

(单选题) 15: If the importer finds any problem with the goods, he has to contact or take legal action against . A: the issuing bank

B: the confirmation bank C: the advising bank D: the exporter

(判断题) 1: The banks are only concerned with the documents representing the goods instead of the underlying contracts. A: 错误 B: 正确

(判断题) 2: The purpose of Incoterms is to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign trade. A: 错误 B: 正确

(判断题) 3: The Generalized System of Preferences (GSP) is meant to assist developing countries in their economic development efforts. A: 错误 B: 正确

(判断题) 4: The International Development Association offers loan with significant

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risk of not being repaid. A: 错误 B: 正确

(判断题) 5: The bundling trade greatly facilitates transaction and allows more efficient ecnomic exchage. A: 错误 B: 正确

(判断题) 6: The International Monetary Fund was created in December 1945 to oversee the functioning of the international monetary system. A: 错误 B: 正确

(判断题) 7: \referred to as \＇s commercial letter of credit\\＇s credit\\credit\A: 错误 B: 正确

(判断题) 8: The time of shipment can be later than that stipulated in the credit. A: 错误 B: 正确

(判断题) 9: Multi-domestic corporation operates under an opposite principle from the first type and views the world market as an integrated whole． A: 错误

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B: 正确

(判断题) 10: The World Bank and the World Trade Organization were created by the Bretton Woods Conference. A: 错误 B: 正确

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