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One of the most crucial components of a successful international business transaction is the accurate completion of required export documentation and import documentation. Failure to produce such documentation can hinder the dispatch of products by a manufacturer or supplier, and can ultimately impede the timely receipt of goods by the customer. In more severe cases, business owners can be subject to fines or incarceration for failing to comply with import or export documentation requirements. 

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1. Which is the international system used to classify exported products?

 A. Harmonized Tariff Schedule (HS)

 B. Schedule X

 C. Schedule A

 D. Brussels Tariff Nomenclature

2. A formal authorization for U.S. exports is a…

 A. General license

 B. Validated license

 C. Special license

 D. Controlled license

3. Certain strategic goods shipped from the United States to Eastern Europe require a..

 A. General license

 B. Validated license

 C. Special license

 D. Controlled license

4. Which is NOT a purpose of the Shipper’s Export Declaration (SED) form ?

 A. Export control

 B. Statistical information

 C. Boycott monitoring

5. A Shipper’s Export Declaration (SED) does not perform this function, which is it?

 A. Compilation of statistical information

 B. Export control document

 C. Document of title

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