Luisa Reichenbach
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Quiz on Logistics 2.1.2, created by Luisa Reichenbach on 19/02/2020.

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Luisa Reichenbach
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Logistics 2.1.2

Logistics 2.1.2

Question 1 of 60

1

The perspective of the relation between Logistics and Supply Chain that states that Logistics is part of it is:

Select one of the following:

  • Inclusionist

  • Evolutionist

  • Intersectionist

  • None of the above

Explanation

Question 2 of 60

1

Completion of life cycle, repair, defective and reusage of package are:

Select one of the following:

  • Reasons for Supply Chain

  • Reasons for Logistics

  • Reasons for Reverse Logistics

  • None of the above

Explanation

Question 3 of 60

1

Of the following, the best definition of a logistics infrastructure would be that it consists of

Select one of the following:

  • All of the elements in place to facilitate transportation, communication, and business exchanges

  • A country's electrical supply and road network

  • The amount of computerization a country has

  • A developed banking system

Explanation

Question 4 of 60

1

Three of the most important seaports in Mexico regarding TEU's are:

Select one of the following:

  • Acapulco, Altamira & Lázaro Cárdenas

  • Manzanillo, Lázaro, Cárdenas & Veracruz

  • Ensenada, Lázaro Cárdenas & Progreso

  • Dos Bocas, Ensenada, Topolobampo

Explanation

Question 5 of 60

1

The country that has majority of most important 10 seaports in the world is:

Select one of the following:

  • Germany

  • US

  • China

  • South Korea

Explanation

Question 6 of 60

1

Unless otherwise specified, contracts between an exporter and an agent and contracts between an exporter and a distributor are called _______ .

Select one of the following:

  • Contract law

  • Labor law

  • Common law

  • Distribution contract

Explanation

Question 7 of 60

1

In the event that one of the parties to a contract does not meet its obligation, that party can be found to have broken the terms of the contract, or to be

Select one of the following:

  • Brach of the contract

  • Counteroffering

  • Rejecting a contract

  • Creating a new contract

Explanation

Question 8 of 60

1

Courts in _______ do not consider jurisprudence of other countries or decisions made by international bodies

Select one of the following:

  • France

  • USA

  • UK

  • Mexico

Explanation

Question 9 of 60

1

Which of the following elements is not part of a agency or distributor contract

Select one of the following:

  • Registration

  • Territory

  • Scope of appointment

  • Force majeure

Explanation

Question 10 of 60

1

Litigation

Select one of the following:

  • Process by which parties to a contract can settle a dispute involving courts of a country chosen

  • Process by which parties to a contract can attempt to settle a dispute, generally involving a third independent party who can suggest a compromise solution

  • Process by which the parties to a contract can settle a dispute, involving a panel of arbitrators

  • None of the above

Explanation

Question 11 of 60

1

Competition driver is when companies enter foreign markets to keep up with its competitors, retaliate against them or enter a market first.

Select one of the following:

  • True
  • False

Explanation

Question 12 of 60

1

Countries that signed the Treaty of Rome, considered the basis of the European Union, are Netherlands, Luxemburg, Belgium, Portugal, France and Italy.

Select one of the following:

  • True
  • False

Explanation

Question 13 of 60

1

Germany is among the most importing and exporting countries of the world.

Select one of the following:

  • True
  • False

Explanation

Question 14 of 60

1

Repair and refurbish are considered activities of market value for companies that put in practice reverse logistics.

Select one of the following:

  • True
  • False

Explanation

Question 15 of 60

1

Even though logistics, in terms of percentage of the GDP, is decreasing it remains a very important industry for countries that trade.

Select one of the following:

  • True
  • False

Explanation

Question 16 of 60

1

Depth of water is not a relevant variable for ships to take into account when they are headed to a seaport.

Select one of the following:

  • True
  • False

Explanation

Question 17 of 60

1

The least expensive mode of transportation is railroad transportation.

Select one of the following:

  • True
  • False

Explanation

Question 18 of 60

1

China is the country that has more seaports on the list of seaports that move more TEU's per year.

Select one of the following:

  • True
  • False

Explanation

Question 19 of 60

1

Arbitration is a dispute resolution process that involves a third party and suggest a compromise resolution.

Select one of the following:

  • True
  • False

Explanation

Question 20 of 60

1

Force Majeure, a clause suggested to be included in a distribution contract that releases parties from their obligations due to events outside of their control.

Select one of the following:

  • True
  • False

Explanation

Question 21 of 60

1

The perspective of the relation between Logistics and Supply Chain that states that Logistics is part of it:

Select one of the following:

  • Inclusionist

  • Evolusionist

  • Intersectionist

  • None of the above

Explanation

Question 22 of 60

1

The most expensive transportation mode is:

Select one of the following:

  • Air

  • Railroad

  • Road

  • Ocean

Explanation

Question 23 of 60

1

Freight forwarders

Select one of the following:

  • Provide significant assistance to firms engage in international trade by helping determine the best shipping alternative

  • Provide assistance to importers when clearing customs

  • Allow firms to ship documents and small parts using the next available flight

  • None of the above

Explanation

Question 24 of 60

1

When we compare landline penetration with cellphone penetration in countries, we find that:

Select one of the following:

  • Landline per capita is the same as cellphones per capita

  • Landline per capita is greater than cellphones per capita

  • Landline per capita is smaller than cellphones per capita

  • None of the above

Explanation

Question 25 of 60

1

In term of appointment in an agency or distributor contract refers to:

Select one of the following:

  • Duration of appointment of the representative

  • Function that a representative will perform

  • Process whereby an agent or distributor has to notify the government of importing country

  • None of the above

Explanation

Question 26 of 60

1

Specifies the location of the court that will be used to render a judgement in case of a dispute

Select one of the following:

  • Choice of venue

  • Choice of law

  • Good Faith

  • Scope of appointment

Explanation

Question 27 of 60

1

Which one of the following statements is not a responsibility of logistics managers:

Select one of the following:

  • Assuring that goods are accompanied by the proper documents to clear customs

  • Maximizing risks with international payment

  • Assuring that goods are packaged properly

  • Storing goods in warehouses & distribution centers while they are not in transit

Explanation

Question 28 of 60

1

Considered to be international trade milestones

Select one of the following:

  • Creation of the IMF

  • Treaty of Rome

  • Creation of the WTO

  • All of the above

Explanation

Question 29 of 60

1

WTO

Select one of the following:

  • led the decrease of duty rates from 40% to 4%

  • Established the international system of payment

  • Encharge of enforcing free trade

  • None of the above

Explanation

Question 30 of 60

1

Considered to be among the major exporting countries (WTO 2012)

Select one of the following:

  • Canada, France, Germany

  • China, Malaysia, Spain

  • Belgium, Argentina, Singapore

  • Poland, Austria, Brazil

Explanation

Question 31 of 60

1

___________ is formed when companies in the same industry, as well as their suppliers, concentrate in a geographic area.

Select one of the following:

  • Cluster

  • Factor endowment

  • Absolute advantage

  • Comparative advantage

Explanation

Question 32 of 60

1

Which of the following is NOT an attribute of competitive advantage:

Select one of the following:

  • Firm strategy, structure, rivalry

  • Relating and supporting industries

  • Demand conditions

  • Innovation

Explanation

Question 33 of 60

1

Allows businesses to find agents and distributors, to develop wholesale and retail channels, and promote their products

Select one of the following:

  • Banking infrastructure

  • Business Service infrastructure

  • Distribution infrastructure

  • All of the above

Explanation

Question 34 of 60

1

The less expensive transportation mode is

Select one of the following:

  • Air

  • Railroad

  • Road

  • Ocean and water

Explanation

Question 35 of 60

1

Depth of water in a port

Select one of the following:

  • Defines the time of the day that a ship can get in to a port for loading and unloading goods

  • Constraint that defines the type of vessels that can come in to a port for loading and unloading goods

  • Defines the number of ships that can be operated in a port

  • Does not has to be considered for serving a ship

Explanation

Question 36 of 60

1

Custom brokers

Select one of the following:

  • Provide significant assistance to firms engage in international trade by helping determine the best shipping alternative

  • Provide assistance to importers when clearing customs

  • Allow firms to ship documents and small parts using the next available flight

  • None of the above

Explanation

Question 37 of 60

1

The term of appointment in an agency or distributor contract refers to:

Select one of the following:

  • Duration of appointment of the representative

  • Function that a representative will perform

  • Process whereby an agent or distributor has to notify the government of importing country

  • None of the above

Explanation

Question 38 of 60

1

Countries economies benefit because of:

Select one of the following:

  • World War 2

  • Trade

  • Population growth

  • Population wellbeing

Explanation

Question 39 of 60

1

Understanding trade-offs between different modes of transportation is the responsibility of:

Select one of the following:

  • Logistics manager

  • CFO

  • CEO

  • Manufacturing manager

Explanation

Question 40 of 60

1

Among the responsibilities of International Logistics Manager we find:

Select one of the following:

  • String the goods in appropriate warehouses when they are in transit

  • Assuring that goods are packed

  • Assuring that goods are accompanied by the proper documents

  • Assigning responsibilities to the importer

Explanation

Question 41 of 60

1

______________ led to decrease of duty rates from 40% to slightly above 4%

Select one of the following:

  • WTO

  • IMF

  • UN

  • GATT

Explanation

Question 42 of 60

1

Which of the following countries did not sign the 1957 Treaty of Rome

Select one of the following:

  • Netherlands and Belgium

  • UK and Luxemburg

  • France & Spain

  • Portugal and Denmark

Explanation

Question 43 of 60

1

International trade drivers

Select one of the following:

  • Revenue, competitive, market & technology

  • Cost, competitive, market & technology

  • Cost, suppliers, segment & technique

  • Revenue, suppliers, segment & technique

Explanation

Question 44 of 60

1

The reduction on tariffs achieved through the GATT were made through a process named:

Select one of the following:

  • Agreement negotiations

  • Rounds

  • Bilateral agreements

  • None of the above

Explanation

Question 45 of 60

1

In logistics clusters the logistics suppliers (even though they are competitors), help each other. Why?

Select one of the following:

  • Because they are partners

  • Because they complement each other

  • Because they set services prices through agreements

  • Because they help to attract new customers

Explanation

Question 46 of 60

1

The international trade theory that states that over its life a product will be manufactured in different types of countries and in stages, generating trade between countries is:

Select one of the following:

  • Theory of comparative advantage

  • Theory of absolute advantage

  • International product life cycle

  • Factor endowment

Explanation

Question 47 of 60

1

Stage of the historical development of logistics where firms provided reduce shipping time and time defined deliveries:

Select one of the following:

  • The early slow days

  • The move toward speed

  • Customer satisfaction

  • Strategic advantage

Explanation

Question 48 of 60

1

Region of the world where sustainable practices are more developed?

Select one of the following:

  • North America

  • Western Europe

  • Asia Pacific

  • None of the above

Explanation

Question 49 of 60

1

Allows goods to move efficiently within a country and between countries

Select one of the following:

  • Transportation infrastructure

  • Communication infrastructure

  • Distribution infrastructure

  • Standard infrastructure

Explanation

Question 50 of 60

1

Which one of the stages of the historical development of logistics is highly related with the appearance of containers?

Select one of the following:

  • The early slow days

  • The move towards speed

  • Customer satisfaction

  • Strategic advantage

Explanation

Question 51 of 60

1

Process that plans for parts to arrive on the assembly line just before they are needed

Select one of the following:

  • Just in time

  • Material Requirement Planning

  • Manufacturing Requirement Planning

  • Distribution Resource Planning

Explanation

Question 52 of 60

1

Logistics is part of the ________________ process that plans, implements and controls the efficient forward and reverse flow of goods, services and related information between the point of origin to the point of consumption to meet customer's requirements.

Select one of the following:

  • Physical distribution

  • Transportation

  • Customer service

  • Supply chain

Explanation

Question 53 of 60

1

Which one of the following statements is NOT considered to be an element of international logistics

Select one of the following:

  • The inherent risks and hazards of international transportation

  • Terms of trade

  • Crossing borders

  • Warehousing

Explanation

Question 54 of 60

1

Among the elements considered as international infrastructure we find the following:

Select one of the following:

  • Transportation & communications

  • Communications & utilities

  • Legal and regulatory infrastructure

  • All of the above

Explanation

Question 55 of 60

1

Tool that allows a retail firm to determine what to order from its suppliers, in which quantity, and when, in function of what it sells to retail customers:

Select one of the following:

  • Materials Resource Planning

  • Distribution Resource Planning

  • Just in Time

  • None of the above

Explanation

Question 56 of 60

1

In which region of the world logistics economic importance is the highest in terms of billions of dollars

Select one of the following:

  • Central and South America

  • Europe

  • North America

  • Asia Pacific

Explanation

Question 57 of 60

1

Form of dispute resolution in which a panel is asked to reach a decision on the last facts of the dispute. The decision of the panel is binding.

Select one of the following:

  • Arbitration

  • Mediation

  • Litigation

  • None of the above

Explanation

Question 58 of 60

1

If the second party does not accept all the terms of the original offer

Select one of the following:

  • Acceptance

  • Rejection

  • Counteroffer

  • None of the above

Explanation

Question 59 of 60

1

Specifies which country's laws will be used in case of a dispute between parts

Select one of the following:

  • Choice of venue

  • Choice of law

  • Good Faith

  • Scope of appointment

Explanation

Question 60 of 60

1

Lead to the essential creation of the European Union

Select one of the following:

  • WTO

  • Bretten Woods Conference

  • GATT

  • The Treaty of Rome

Explanation

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