Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
Chapter 3, Problem 1CE
Summary Introduction
To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction:
Custom broker is a person licensed by custom authorities which gives clearance to imported goods through custom rules.
Expert Solution & Answer
Answer to Problem 1CE
The task performed by custom broker is track shipment, filling customs entries and payment of duties and fees. Some of the skill sets required is a good critical thinking and problem solving skills, good communication skills. The hourly wage rate in this career is $31 and annually it is $60,960. The opportunity outlook for the career in this field is an increase by 17.33% from 2016 to 2026.
Explanation of Solution
Custom broker are hired to clear the imported goods through custom rules which involve track shipments, filling customs entries, paying duties and fees. The skill set which a custom broker requires is mentioned below:
- Good critical thinking and problem solving skills.
- Clerical skills like word processing and file management.
- Should able to explain the services and procedures to clients and write reports.
- Can communicate well to interact with custom officials.
- Must be attentive.
The wage rate of a custom broker in this career is:
- Hourly wage rate- $31.
- Annual wage rate- $60,960.
The opportunity outlook for the career in custom broker has been positive since 2004. Vacancies in this job are increased by 17.33% worldwide with an average growth of 2.89% per year.
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Chapter 3 Solutions
Understanding Business
Ch. 3.1 - Prob. 3.1AQCh. 3.2 - Prob. 3.2AQCh. 3.2 - Prob. 1TPCh. 3.2 - Prob. 2TPCh. 3.2 - Prob. 3TPCh. 3.2 - Prob. 4TPCh. 3.3 - Prob. 3.3AQCh. 3.3 - Prob. 3.3BQCh. 3.3 - Prob. 3.3CQCh. 3.3 - Prob. 5TP
Ch. 3.3 - Prob. 6TPCh. 3.3 - Prob. 7TPCh. 3.3 - Prob. 8TPCh. 3.4 - Prob. 3.4AQCh. 3.4 - Prob. 1MEDCh. 3.4 - Prob. 9TPCh. 3.4 - Prob. 10TPCh. 3.4 - Prob. 11TPCh. 3.4 - Prob. 12TPCh. 3.5 - Prob. 3.5AQCh. 3.5 - Prob. 3.5BQCh. 3.5 - Prob. 13TPCh. 3.5 - Prob. 14TPCh. 3.5 - Prob. 15TPCh. 3.5 - Prob. 16TPCh. 3.6 - Prob. 3.6AQCh. 3.6 - Prob. 17TPCh. 3.6 - Prob. 18TPCh. 3.6 - Prob. 19TPCh. 3 - Prob. 1CECh. 3 - Prob. 2CECh. 3 - Prob. 3CECh. 3 - Prob. 4CECh. 3 - Prob. 1CTCh. 3 - Prob. 2CTCh. 3 - Prob. 3CTCh. 3 - Prob. 4CTCh. 3 - Prob. 1DCSCh. 3 - Prob. 2DCSCh. 3 - Prob. 3DCSCh. 3 - Prob. 4DCSCh. 3 - Prob. 6DCSCh. 3 - Prob. 1VCCh. 3 - Prob. 2VCCh. 3 - Prob. 3VC
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