Question 1

Ocean transportation offsets slower service with lower rates than other modes.

Accepted Answer

A) True 
 B)False  True

Question 2

Customs Trade Partnership Against Terrorism (C-TPAT) is a mandatory program in which importers must participate.

Accepted Answer

A) True 
 B)False  False

Question 3

Export Trading Companies and Export Management Companies are essentially the same.

Accepted Answer

A) True 
 B)False  False

Question 4

From a customer service perspective, global markets and strategy have four important characteristics. Name them and select one to discuss.

Accepted Answer

First, companies attempt to standardize

Question 5

In his book "The Wealth of Nations", Adam Smith stated that economies and companies could improve their wealth by

Accepted Answer

A)  allowing specialization of tasks. 
B)  ensuring that logistics is used to gain advantage in the marketplace. 
C)  becoming multi-national. 
D)  moving production off shore. 
A)  allowing specialization of tasks. 
B)  ensuring that logistics is used to gain advantage in the marketplace. 
C)  becoming multi-national. 
D)  moving production off shore.

Question 6

The terms of a demise charter transfers full control of the chartered vessel to the charterer.

Accepted Answer

A) True 
 B)False

Question 7

A maquiladora plant is

Accepted Answer

A)  a new type of flower. 
B)  an entity created under NAFTA 
C)  a U.S. plant performing manufacturing, processing, or assembly activity in Mexico. 
D)  a factory owned by the Maquiladora Corporation. 
A)  a new type of flower. 
B)  an entity created under NAFTA 
C)  a U.S. plant performing manufacturing, processing, or assembly activity in Mexico. 
D)  a factory owned by the Maquiladora Corporation.

Question 8

Discuss the impact of 9/11 on international logistics.

Accepted Answer

Global commerce between the United State

Question 9

Which type of global logistics channel intermediary enables goods to move through customs more easily by consolidating small shipments into more economical sizes?

Accepted Answer

A)  customs house broker 
B)  NVOCC 
C)  export trader 
D)  foreign freight forwarder 
A)  customs house broker 
B)  NVOCC 
C)  export trader 
D)  foreign freight forwarder

Question 10

Which is a major category of ocean shipping?

Accepted Answer

A)  passenger travel 
B)  common carriers 
C)  exempt carriers 
D)  charter vessels 
A)  passenger travel 
B)  common carriers 
C)  exempt carriers 
D)  charter vessels

Question 11

Which is the main advantage of international air transport?

Accepted Answer

A)  freight rates 
B)  flexibility 
C)  transit times 
D)  accessibility 
A)  freight rates 
B)  flexibility 
C)  transit times 
D)  accessibility

Question 12

Soft issues such as social and cultural concerns should not present a challenge for supply chain managers, whose role is to focus on the physical side of supply chain execution.

Accepted Answer

A) True 
 B)False

Question 13

Which condition must be present before motor carriers and rail carriers can be used for international shipments?

Accepted Answer

A)  shipments must be in volume and in bulk 
B)  the shipment must be between adjacent countries 
C)  no customs barriers can be imposed d the shipment cannot pass through adjacent countries 
A)  shipments must be in volume and in bulk 
B)  the shipment must be between adjacent countries 
C)  no customs barriers can be imposed d the shipment cannot pass through adjacent countries

Question 14

The supply chain should manage four important flows, namely, materials and products, information, financials, and demand.

Accepted Answer

A) True 
 B)False

Question 15

The biggest and best known example of a regional trade agreement (RTA) is the:

Accepted Answer

A)  World Trade Organization (WTO) 
B)  General Agreement on Tariffs and Trade (GATT) 
C)  European Union (EU) 
D)  Customs Trade Partnership Against Terrorism (C-TPAT) 
A)  World Trade Organization (WTO) 
B)  General Agreement on Tariffs and Trade (GATT) 
C)  European Union (EU) 
D)  Customs Trade Partnership Against Terrorism (C-TPAT)

Question 16

Focused production is

Accepted Answer

A)  a strategic decision to make only what the market desires. 
B)  used by those firms not sure of the market demands. 
C)  a strategy in which a given plant produces one or two items of the company's total product line. 
D) ` a trend in the electronics industry with manufacturing in China. 
A)  a strategic decision to make only what the market desires. 
B)  used by those firms not sure of the market demands. 
C)  a strategy in which a given plant produces one or two items of the company's total product line. 
D) ` a trend in the electronics industry with manufacturing in China.

Question 17

America's ports are a key component of its global commerce. U.S. ports also play a vital role for the cruise industry. Which of these is not one of the top three departure ports for the cruise industry?

Accepted Answer

A)  Port Canaveral, Florida 
B)  Cape Liberty, New Jersey 
C)  Miami, Florida 
D)  Ft. Lauderdale, Florida 
A)  Port Canaveral, Florida 
B)  Cape Liberty, New Jersey 
C)  Miami, Florida 
D)  Ft. Lauderdale, Florida

Question 18

Gemini products wishes to enter foreign markets but lacks the resources to do so. They evaluate their alternatives and approach Overseas Traders, LLC, a company that specializes in the foreign distribution of products of the type which Gemini manufacturers. Overseas purchases $50,000 of Gemini's products for sale on the international market. Overseas is which type of global logistics channel intermediary?

Accepted Answer

A)  NVOCC 
B)  export packer 
C)  export trading company 
D)  customs house broker 
A)  NVOCC 
B)  export packer 
C)  export trading company 
D)  customs house broker

Question 19

Which are the major modes of international transportation?

Accepted Answer

A)  water and air 
B)  water and rail 
C)  rail and motor 
D)  rail and air 
A)  water and air 
B)  water and rail 
C)  rail and motor 
D)  rail and air

Question 20

Discuss how our trading partners have changed in relation to their amount of trade with the U.S.

Accepted Answer

Table 3.1 presents trade data (total of

Ocean transportation offsets slower service with lower rates than other modes.

Customs Trade Partnership Against Terrorism (C-TPAT) is a mandatory program in which importers must participate.

Export Trading Companies and Export Management Companies are essentially the same.

From a customer service perspective, global markets and strategy have four important characteristics. Name them and select one to discuss.

In his book "The Wealth of Nations", Adam Smith stated that economies and companies could improve their wealth by

The terms of a demise charter transfers full control of the chartered vessel to the charterer.

A maquiladora plant is

Discuss the impact of 9/11 on international logistics.

Which type of global logistics channel intermediary enables goods to move through customs more easily by consolidating small shipments into more economical sizes?

Which is a major category of ocean shipping?

Which is the main advantage of international air transport?

Soft issues such as social and cultural concerns should not present a challenge for supply chain managers, whose role is to focus on the physical side of supply chain execution.

Which condition must be present before motor carriers and rail carriers can be used for international shipments?

The supply chain should manage four important flows, namely, materials and products, information, financials, and demand.

The biggest and best known example of a regional trade agreement (RTA) is the:

Focused production is

America's ports are a key component of its global commerce. U.S. ports also play a vital role for the cruise industry. Which of these is not one of the top three departure ports for the cruise industry?

Which are the major modes of international transportation?

Discuss how our trading partners have changed in relation to their amount of trade with the U.S.

Supply Chain Management: an Overview

Role of Logistics in Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology-Managing Information Flows

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Transportation-Managing the Flow of the Supply Chain

Distribution-Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations-Producing Goods and Services

Supply Chain Sustainability

Strategic Challenges and Change for Supply Chains

Filters

Exam 3: Global Dimensions of Supply Chains

Ocean transportation offsets slower service with lower rates than other modes.

Customs Trade Partnership Against Terrorism (C-TPAT) is a mandatory program in which importers must participate.

Export Trading Companies and Export Management Companies are essentially the same.

From a customer service perspective, global markets and strategy have four important characteristics. Name them and select one to discuss.

In his book "The Wealth of Nations", Adam Smith stated that economies and companies could improve their wealth by

The terms of a demise charter transfers full control of the chartered vessel to the charterer.

A maquiladora plant is

Discuss the impact of 9/11 on international logistics.

Which type of global logistics channel intermediary enables goods to move through customs more easily by consolidating small shipments into more economical sizes?

Which is a major category of ocean shipping?

Which is the main advantage of international air transport?

Soft issues such as social and cultural concerns should not present a challenge for supply chain managers, whose role is to focus on the physical side of supply chain execution.

Which condition must be present before motor carriers and rail carriers can be used for international shipments?

The supply chain should manage four important flows, namely, materials and products, information, financials, and demand.

The biggest and best known example of a regional trade agreement (RTA) is the:

Focused production is

America's ports are a key component of its global commerce. U.S. ports also play a vital role for the cruise industry. Which of these is not one of the top three departure ports for the cruise industry?

Which are the major modes of international transportation?

Discuss how our trading partners have changed in relation to their amount of trade with the U.S.

Supply Chain Management: an Overview

Role of Logistics in Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology-Managing Information Flows

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Transportation-Managing the Flow of the Supply Chain

Distribution-Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations-Producing Goods and Services

Supply Chain Sustainability

Strategic Challenges and Change for Supply Chains

Filters