Which of the following statements about the forward exchange market is false?

Which of the following statements about the forward exchange market is false?
 a. A transaction in the forward market entails a contractual obligation to buy or sell.
  b. Forward contracts are the most common foreign currency contractual hedge.
  c. It gives the holder the right to buy or sell foreign currency at a prespecified price on or up to a prespecified date.
  d. The exporter gets a bank to agree to a rate at which it will buy the foreign currency the exporter will receive when the importer makes payment.

Question 2

Payment by the manufacturer for obtaining space on retailers' shelves is commonly referred to as a:
 a. Trade discount.
  b. Promotional allowance.
  c. Display and selling aid.
  d. Price guarantee.
  e. Slotting allowance.

Question 3

Petrol Complex gas stations in Russia are an example of
 a. a franchise agreement with British Petroleum.
  b. a licensing agreement with British Petroleum.
  c. a joint venture with British Petroleum.
  d. a wholly-owned subsidiary of British Petroleum.

Question 4

The _____ is an approach to estimating the different components that make up the supplier's per unit price per unit of product or service, i.e., what the product or service should cost in a theoretical world.
 a. market skimming model
 b. make-buy analysis
 c. competition pricing model
  d. rate-of-return model
 e. Should-cost model

Question 5

What are the two forms of risk which might affect an export transaction?
 a. Inward and outbound
  b. Pre and post selling
  c. Commercial and political
  d. Contact and expatriate

Question 6

Marketing managers need to understand consumer behavior to protect consumers from unfair, unsafe, or inappropriate marketing practices.
 
 Indicate whether the statement is true or false

Question 7

The tactics a channel manager can use to motivate channel members:
 a. Are most effective when they provide financial gains to the channel member.
  b. Are severely limited by law.
  c. Are very diverse in approach.
  d. Are best when they take a subtle approach.
  e. Are difficult to implement.

Question 8

In a joint venture, what does the international firm usually not provide?
 a. Capital c. Expertise
  b. Infrastructure d. A trademark