Practice Quiz

Paralegal Exam Prep - Question List

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206. A geographic area that has minimal trade barriers such as tariffs and administrative regulations is known as a:
  1. Community trade zone
  2. Universal trade zone
  3. Tariff-free trade zone
  4. Free trade zone
  5. National trade zone
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207. What is the organization that oversees the global rules on trade?
  1. The World Trade Organization
  2. The Free Trade Organization
  3. The Global Care Organization
  4. The Global Commerce Organization
  5. The Global Commerce Oversight Committee
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208. When a company uses distributors to sell its products internationally, it is using:
  1. International exporting
  2. Indirect exporting
  3. Direct exporting
  4. Intermediate exporting
  5. Licensing
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209. A contract under which one company agrees to design, construct, and equip a manufacturing facility and then sell it to the foreign purchaser when it is ready for operation is known as:
  1. A distribution agreement
  2. An international trade agreement
  3. An international turnkey project
  4. A direct export agreement
  5. An indirect import agreement
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210. The use of barter rather than money in making international sales is referred to as:
  1. Tariff-free trade
  2. Free exchange
  3. Offset
  4. Countertrade
  5. Trade-in-kind
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