Itmanager - Test Yekun Test

8/13/2019 Itmanager - Test Yekun Test

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Sual: The character of an international commercial transaction is: (Çəki: 1)

Movement of the subject of a transaction through the border of the seller’s country

Making a payment in foreign currency]

Having a transaction between the parties of different nationality

Having a transaction between parties that have their enterprises in different countries

Sual: In accordance to international norms the written form of an international commercial transaction is: (Çəki: 1)

A contract

Written negotiations between the counter-agents

An offer of an exporter and a reply of an importer

An inquiry of a buyer and an offer of a seller

Sual: An offer of a seller addressed to a certain buyer containing a specified time period for an answer is called: (Çəki: 1)

An offer

An acceptance

A firm offer

A free offer

Sual: Selling in the foreign market the goods that were preliminarily bought in another market without re-processing is called:(Çəki: 1)

An export

A re-import

A transaction for commission

A re-export

Sual: A contract with the delivery time “immediate” should be executed: (Çəki: 1)

Next day after signing the contract

Within a week

After an alert of the buyer on readiness to accept the goods



Within 14 days after signing the contract

Sual: Which reservations on quality are used in international commerci al contracts: (Çəki: 1)

Being in accordance to a standard

Being in accordance to the description

Being in accordance to the example

All above is true

Sual: Commercial Terms of the contract define: (Çəki: 1)

Procedures for transportation of goods

Distribution of costs of transportation between the seller and the buyer

Liability of parties for execution of the contract

The moment of transfer of risks from seller to the buyer

Sual: What forms of price fixing are used in international sale contracts: (Çəki: 1)

A firm price

A moving price

A sliding price

All above are true

Sual: Disputes arising from international commercial contracts are normally settled at: (Çəki: 1)

A local court of the sued party

A specialized court

A specialized arbitrary at the place of signing a contract

An ad hoc arbitrary

Sual: Which of below can be considered as force majeure: (Çəki: 1)

Occasions that bring to court settlement of disputes



Any governmental measures regulating international trade

Occasions of extraordinary power that the parties might have not foreseen

Occasions creating obstacles for execution of the contract

Sual: The notion a “contract territory” in intermediary agreement means: (Çəki: 1)

A territory where an enterprise of the intermediary is located

A territory where the intermediary sells the goods of the exporter

A territory where the exporter sells his goods himself

A territory where an exporter reserves the right of selling his goods to third parties

Sual: A reservation on “exclusive rights” in intermediary agreement means: (Çəki: 1)

An exporter has exclusive rights to sell his goods

An intermediary gets exclusive rights for selling the goods of the exporter

An intermediary gets exclusive rights to choose the goods of the exporter

An intermediary gets exclusive rights to sign a contract

Sual: In accordance to a consignation contract the goods of an e xporter stay at ……………… until their sale to a final user (Çəki:1)

[yeni cavab]

The warehouse of the exporter in the country of the exporter

The warehouse of an intermediary in the country of import

The warehouse of exporter in the country of import

The warehouse of an intermediary in a third country

Sual: The goods of the exporter not sold by the consignee within the time period of consignation get: (Çəki: 1)

Returned to the exporter

Cleared and destroyed

Can be used for any other goal



Either returned to the exporter or bought by the intermediary

Sual: An intermediary may sell the goods of the exporter: (Çəki: 1)

On his own behalf and for his own account

On his own behalf and for the exporter’s account

On behalf of the exporter and for the exporter’s account

All above are true

Sual: In international trade the cash payment presumes: (Çəki: 1)

The buyer passes the cash money to the seller after signing the contract

The buyer makes a payment from his credit card the moment when he gets the goods

There shall not be a large difference between the delivery time of goods and the time of payment

There shall be a large difference between the delivery time of goods and the time of payment

Sual: A distributor sells the goods of the exporter: (Çəki: 1)

On behalf of the exporter and for his own account


On his own behalf and for the exporter ’s account


Sual: A broker sells the goods of the exporter: (Çəki: 1)



On his own behalf and for the exporter’s account

On behalf of the exporter and for the exporter’ s account

Sual: A commissioner sells the goods of the exporter: (Çəki: 1)





On his own behalf and for the exporter ’s account


Sual: Transactions made in international commodity exchanges are: (Çəki: 1)

For standard goods, industrial raw materials and agricultural goods

For raw materials with individual characteristics

For industrial raw materials

For goods of low value

Sual: ………… are not used for defining the contract prices in international commercial transactions (Çəki: 1)

Quotations in Commodity Exchanges

Calculated prices of Customs

The prices of real transactions

World market prices

Sual: A firm price is the price in international contracts that may: (Çəki: 1)

Change in case of change in market prices

Not change

Change only as a result of force majeure

Change only on the buyer’s wish

Sual: The procedure for settling disputes in international trade is: (Çəki: 1 )

Force- majeure

Know-How

Dumping

Arbitrary



Sual: A contract of reciprocal purchase is: (Çəki: 1)

A barter

A counter purchase of goods from the buyer totaling the same value

A contract of commission

A consignation contract

Sual: A direct exchange of a defined volume of certain goods onto another without using the mechanism of financial settlementsis: (Çəki: 1)

A contract of reciprocal purchase

Barter

Buy back contract

A contract for commission

Sual: A sale of equipment, technology and sometimes turn key factories in return of delivery of raw materials, semi-finishedgoods manufactured on the same equipment is called: (Çəki: 1)

A barter

A contract of reciprocal purchase

A lease contract

A compensational contract

Sual: A purchase in the foreign country and actual delivery to the home country of the goods that had been exported earlier butnot been re- processed is called: (Çəki: 1)

A Barter

A re-import

An import

Exchange of goods

Sual: Cas h transactions in Commodity Exchanges relate to: (Çəki: 1)

Operations of real sale of goods

In case if the payments for goods are done in cash money



Operations of Hedging

Sale of goods that are in deficit

Sual: A contract where an intermediary sells on his own behalf goods delivered by the seller to the warehouse of the intermediaryis called: (Çəki: 1)

A compensation contract


A consignation contract

An agency contract

Sual: A contract where an intermediary buys on his own behalf and own his own account the goods with further re-sale on hisown behalf and own his own account is called: (Çəki: 1)

A simple intermediary contract


A distributorship contract

An agency contract

Sual: By their nature Hedging contracts are: (Çəki: 1)

Futures contracts

Cash transaction contracts

Contracts with the delivery term immediately

Forward contracts

Sual: A contract of Hedging is used for: (Çəki: 1)

To make additional profit in futures market

To insure the risks of loss in real goods market

The sell the goods at higher prices

To influence the Commodity exchange prices



Sual: The price fixed at the time of contract and that can be changed later in case if the market price of the goods for moment ofthei r delivery changes is called: (Çəki: 1)

A sliding price

A price with further fixation

An intermediary price

A moving price

Sual: Forward contracts in Commodity exchanges are: (Çəki: 1)

Contracts for sale of real goods with delivery term longer than two weeks

Contracts for speculating on price change of commodities over time

Spot contracts

Contracts for raw materials

Sual: The price calculated during the execution of the contract by changing a contract price because of changes in costs of production that happened during the execution of the contract is called: (Çəki: 1)

A price of a Commodity Exchange

A price of a deal in hands

A sliding price

A bulletin price

Sual: Prices announced in special or company directories are called: (Çəki: 1)

The prices of real deals

Published prices

Commodity Exchange quotations

Offered prices of large companies

Sual: Sliding prices are used in the contracts for: (Çəki: 1)

Food products

Goods requiring long period for production, in particular large industrial equipment, vessels



Raw materials

Light industry

Sual: The goods traded at auctions are: (Çəki: 1)

Standard industrial goods

The goods of homogeneous nature

The goods with individual characteristics

Expensive goods for personal use

Sual: An acceptance in international trade of goods is: (Çəki: 1)

A written agreement of the buyer to the offer of the seller

Receiving the goods to the warehouse of the buyer

Accepting the payment terms of the contract by both parties

Agreement by both parties to accept the court decision regarding the dispute

Sual: Penalties in international trade contracts are for: (Çəki: 1)

Increasing the liability of parties for execution of their obligations

Failing to execute the contract obligations

For failing the delivery times

For failing to make the payments in a timely manner

Sual: Types of auctions are: (Çəki: 1)

Ascending price auctions

Descending price auctions

Sealed first price auctions

All above are true

Sual: Which of the below is not a deal that may be signed at the exhibition (Çəki: 1)



Sale of exhibits

Deals based on exhibited samples

Deals based of exhibited drawings

Deals based on standard quality

Sual: Licenses for using a technology can be: (Çəki: 1)

Exclusive

Exclusive and non-exclusive

Exclusive, non-exclusive and full

Exclusive and full

Sual: A totality of services of commercial nature aiming at preparing and starting a production process, sale of produced goods aswell as services of intellectual nature aimed at optimization of investment projects are called: (Çəki: 1)

Know-How

Engineering

Consulting

Monitoring

Sual: An agreement of the seller on usage by another party (the buyer) of the invention of technological knowledge, technology,manufacturing experience, secrets of production, trade marks necessary for production of commercial goods as well as other

products within the defined time peri od for remuneration is called: (Çəki: 1)

A patent

A license

An author’s certificate

Leasing

Sual: Non- patented scientific and technical knowledge as well as manufacturing experience is called: (Çəki: 1)

A patent

A license



An author’s cer tificate

Know-How

Sual: Royalty is a: (Çəki: 1)

Type of customs duty for technological products

Fixed (in percentages) payments of a licensee to a patent owner

Payments to government for holding a patent

Payments of a patent owner company to scientists

Sual: There is a notion of “invisible goods” in internati onal exchange of goods. It is: (Çəki: 1)

Know-how and technologies

Tansport services

Tourist services

Financial services

Sual: Free trade zone is: (Çəki: 1)

A territory where all goods are services freely traded

A territory without taxation

A part of the territory of a country that is outside of customs territory of that country

A territory juridically not belonging to any country and therefore open for free exchange of goods and services.

Sual: Indicate the services that are the part of consulting services in international commercial transactions (Çəki: 1)

Assisting in organizing the management of the company

Creation a company image

Services related to ensuring normal execution of manufacturing process and sales of goods

Services related to manufacturing of necessary equipment

Sual: Patent is: (Çəki: 1)



A certificate giving an exclusive right of using a certain technology

A contract between the owner and the user of the technology

A periodical payment for using a technology

A diploma showing the name of the inventor of a technology

Sual: World Prices are: (Çəki: 1)

All types of prices that occur in international trade

Prices that the World society defines in consultation with each other using the system of related organizationsand bodies

Prices of largest import-export deals made in world commodity markets in main centers of international trade

Mathematically calculated average prices of international trade

Sual: Indicate one of the main features characterizing world prices in international trade (Çəki: 1)

They get defined in a collective currency

They are average prices in international trade

They are the prices of goods produced by leading manufactures that retain a large share in world trade ofthose goods.

They can be used as a type of an indicator for analyzing world economy

Sual: Mixed price is: (Çəki: 1)

A price that occurs as a result of diversification policy of structure of the export

A price of a contract in which a part of the price is fixed and another part is sliding

A price of compensational deals

Statistical prices

Sual: Indicate the main defect of Commodity Exchange prices (Çəki: 1)

Commodity Exchange prices are the prices of deals that happen namely at this moment

They characterize a general tendency of prices in international trade

Commodity Exchange prices do not reflect such elements of international trade as delivery and payment



conditions

They frequently change under the influence of speculative factors

Sual: Which of the prices below is not a contract price (Çəki: 1)

Sliding prices

Mixed prices

Firm fixed prices

Bulletin prices

Sual: Indicate the case when it is reasonabl e for both parties to sign a contract with firm fixed price (Çəki: 1)

Short time period of the contract

Long time period of the contract

It is expected to price for goods in the contract to rise

The price for competing commodity may change

Sual: Indicate an incoterm where the seller has got the least responsibilities (Çəki: 1)

CIF

FOB

ExW

DEQ

Sual: A new composition, device, or process novel and not obvious to those who are skilled in the same field that extend the boundaries of human knowledge or experience is called (Çəki: 1)

Invention

Utility Model

Industrial design

Know-How

Sual: A distinctive sign or indicator used by an individual, business organization, or other legal entity to identify and todistinguish its products or services from those of other entities is called: (Çəki: 1)



A industrial design

A trademark

Know how

A utility model

Sual: A new embodiment of an idea that provid es for solving a technical problem in practice (Çəki: 1)

Invention

A utility model

Know how

Industrial design

Sual: The seller will bear maximum responsibility if this incoterm is used in the contract (Çəki: 1)

FOB

DDP

CIF

DDU

Sual: Territoriality principle in a Patent system presumes that: (Çəki: 1)

The technology is protected all over the world

The technology is protected in the territories of countries where the patent is registered

The technology can be protected only on the territory where it was invented

Two competing technologies can not be patented on the same territory

Sual: “Patentability” of an invention presumes the following: (Çəki: 1)

Technical problem solving

Novelty

Practical Usage



All above are true

Sual: Incoterm DEQ presumes that a sea carriage is done: (Çəki: 1)

On the risk and on the account of seller

On the risk of the seller but on the account of the buyer

On the risk of the buyer but on the account of the seller

On the risk and on the account of the buyer

Sual: Incoterm FCA presumes the delivery of goods: (Çəki: 1)

At the port of destination

To the first carrier at the defined point

To the expeditor at the defined point

To the vessel operator

Sual: Incoterm CFR presumes that the sea carriage is done: (Çəki: 1)





Sual: Incoterm CPT presumes that an obligation of the seller on delivery of goods are fulfilled when: (Çəki: 1)

The goods pass the rail of the vessel at the port of loading

The goods pass the rail of the vessel at the port unloading

The goods are passed to the first carrier

The goods are unloaded from the means of transportation at the named point of destination

Sual: Incoterm FAS presumes that the sea carriage is done: (Çəki: 1)







Sual: Incoterm CIP presumes that an obligation of the seller on delivery of goods are fulfilled when: (Çəki: 1)

The goods are passed to the first carrier

The goods arrive to the named point of destination, indicated in the contract

The goods are passed to the expeditor company at the point of departure

The are passed to the port of destination

Sual: Incoterm DDP may be used in: (Çəki: 1)

Mixed transportation

Any type of transportation

Auto transport

Any transport except sea transportation

Sual: When incot erm FCA is used and named point of delivery is an airport then obligations of the seller end when: (Çəki: 1)

The goods are passed to an air carrier at the airport of departure

The goods are loaded onto an air vessel

The goods are received by the buyer at the airport of destination

The seller delivers goods at the buyers disposal

Sual: ....... is a doc ument certifying that the goods are loaded on the board of a vessel (Çəki: 1)

Naviagor officer’s receipt

Consignment note

General Act

Notification Act



Sual: ...... is a document certifying that goods are delivered to the port (Çəki: 1)

Consignment note

Dock receipt

Notification Act

General Act

Sual: The payment guarantees issued by the intermediary company to the exporter for the final buyer is called: (Çəki: 1)

Bank guarantee

Del Credere

Broker Deposit

Factoring service

Sual: Ad valorem customs tariff is: (Çəki: 1)

a customs duty imposed over customs value of goods in percentages

a customs duty imposed as a fixed amount to be paid as a duty for certain goods

a customs duty imposed over a unit of goods being imported

a special customs duty derived from international agreements

Sual: Dumping is a: (Çəki: 1)

Financial instrument used in international trade

Sale of goods lower than their normal price

Lowest level of price to sell goods at commodity exchange

Destruction of excess production with the aim to hold the prices high

Sual: Charter dispatch means: (Çəki: 1)

A penalty that the carrier pays to the charterer

A penalty that the charterer pays to a port

A premium that the vessel owner pays to the charterer



A penalty that a vessel owner pays to the charterer

Sual: Charter demurrage means: (Çəki: 1)

A penalty that charterer pays to the vessel owner

A penalty that a vessel owner pays to the charterer

A premium that the charterer pays to a carrier

A premium that a carrier pays to the charterer

Sual: Free offer is an offer: (Çəki: 1)

That can be taken by anybody that hears about it

That shows the final price of deal

That is not binding in case of acceptance

That is based on World prices

Sual: Defining the quality of goods being sold in a contract as telle quelle means: (Çə ki: 1)

The goods are sold as they are, no matter what the quality would be

The goods are sold based on fair average quality

The goods are sold based on existing quality standard

The goods are sold based on a sample

Sual: Insurance premium is: (Çəki: 1)

An amount paid to the insured by the insurance company in case if there were no accidents

An amount paid by the insurance company to the insurance broker

An amount paid by the insured to the insurance company to buy an insurance

An amount paid by the insured to a lawyer for services in the court

Sual: Insurance limit is: (Çəki: 1)

A maximum amount of money that one is allowed to insure the goods





Sual: Insurance policy is: (Çəki: 1)

A strategy that insurance company carries out as a part of it’s marketing activity

A contract between the insurer and the insured which determines the claims which the insurer is legallyrequired to pay.

A strategy that a company carries out in the field of covering it’s risks

An insurance law

Sual: Which of below is not an obligation for a franchiser: (Çəki: 1)

Not to conclude franchising agreements with third parties carrying out the same type of activity on the sameterritory

To carry out the same type of activity as the franchisee on the franchisee’ s territory

To pass all the necessary information supporting the competitiveness of the “business structure» and it’sfurther development

To provide marketing and consulting services

Sual: Which of below is not a type of the “Letter of Credit” (Çəki: 1)

Revocable letter of credit

Multy-currency letter of credit

Transferrable letter of credit

Irrevocable letter of credit

Sual: Indicate the name of international services that relate to organization of manufacturing, installing technologies andmanagement of enterprises: (Çə ki: 1)

Leasing

Engineering

Rent

Marketing

Sual: In international practice cash payments are done by the: (Çəki: 1)

Cash money

Checks



Bills of exchange

Bank transfers

Sual: Sliding limit of a pri ce in international contracts of sale of goods means: (Çəki: 1)

A maximum price change limit in case of change of cost of production

A maximum price flexibility limit in case of change of market prices

An average statistical market price deviation during a certain period of time

A maximum change in a price per unit in case of change in quality of delivered goods

Sual: Indicate the main information that is not shown in the contract preamble: (Çəki: 1)

The full juridical names of parties to the contract

Which of the parties is the seller and the buyer

Date and place of the contract

An Incoterm of the contract

Sual: International sale of technology licenses in fact means: (Çəki: 1)

Transferring the title for technology from seller to the buyer

Coordination of an activity in the field of technological research

Rent of technology for a certain period of time

Barter of technologies

Sual: Patent pool is: (Çəki: 1)

A combination of patents that is necessary for productions of certain equipment

Uniting together licenses of patents by several companies to order to cut outside competition

Permanent market for patents and licenses acting in a form of a commodity exchange

Yearly meeting of World’s major patent holders

Sual: Factoring companies are: (Çəki: 1)



International trade intermediaries that along with services of sale provide financial services to the exporter

International organizations that deal with gathering, generalizing and publishing facts related to internationaltrade

International traders that trade only one product

Speculators in commodity exchanges that play both in futures and forwards markets

Sual: Types International Tenders are: (Çəki: 1)

Open tenders

Closed tenders

Solo tenders

All above are true

Sual: Consular Invoice is: (Çəki: 1)

An invoice issued by a Consul for his/her visa services

An invoice in international trade of goods that has been preliminarily confirmed by the Consul of the importer’scountry in the country of an exporter

An invoice for goods sold to diplomatic missions

An invoice prepared in presence of a consul and certified by a notary

Sual: Which of below Commodity Exchange transactions get immediately registered by the clearing desk (Çəki: 1)

Deals with delivery terms “immediately”

Actual transactions

Forward transactions

All future transactions

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Itmanager - Test Yekun Test