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Logistics 2.1.2

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Quiz on Logistics 2.1.2, created by Luisa Reichenbach on 19/02/2020.
Luisa Reichenbach
Quiz by Luisa Reichenbach, updated more than 1 year ago
Luisa Reichenbach
Created by Luisa Reichenbach almost 5 years ago
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Resource summary

Question 1

Question
The perspective of the relation between Logistics and Supply Chain that states that Logistics is part of it is:
Answer
  • Inclusionist
  • Evolutionist
  • Intersectionist
  • None of the above

Question 2

Question
Completion of life cycle, repair, defective and reusage of package are:
Answer
  • Reasons for Supply Chain
  • Reasons for Logistics
  • Reasons for Reverse Logistics
  • None of the above

Question 3

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

Question 4

Question
Three of the most important seaports in Mexico regarding TEU's are:
Answer
  • Acapulco, Altamira & Lázaro Cárdenas
  • Manzanillo, Lázaro, Cárdenas & Veracruz
  • Ensenada, Lázaro Cárdenas & Progreso
  • Dos Bocas, Ensenada, Topolobampo

Question 5

Question
The country that has majority of most important 10 seaports in the world is:
Answer
  • Germany
  • US
  • China
  • South Korea

Question 6

Question
Unless otherwise specified, contracts between an exporter and an agent and contracts between an exporter and a distributor are called _______ .
Answer
  • Contract law
  • Labor law
  • Common law
  • Distribution contract

Question 7

Question
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
Answer
  • Brach of the contract
  • Counteroffering
  • Rejecting a contract
  • Creating a new contract

Question 8

Question
Courts in _______ do not consider jurisprudence of other countries or decisions made by international bodies
Answer
  • France
  • USA
  • UK
  • Mexico

Question 9

Question
Which of the following elements is not part of a agency or distributor contract
Answer
  • Registration
  • Territory
  • Scope of appointment
  • Force majeure

Question 10

Question
Litigation
Answer
  • 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

Question 11

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

Question 12

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

Question 13

Question
Germany is among the most importing and exporting countries of the world.
Answer
  • True
  • False

Question 14

Question
Repair and refurbish are considered activities of market value for companies that put in practice reverse logistics.
Answer
  • True
  • False

Question 15

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

Question 16

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

Question 17

Question
The least expensive mode of transportation is railroad transportation.
Answer
  • True
  • False

Question 18

Question
China is the country that has more seaports on the list of seaports that move more TEU's per year.
Answer
  • True
  • False

Question 19

Question
Arbitration is a dispute resolution process that involves a third party and suggest a compromise resolution.
Answer
  • True
  • False

Question 20

Question
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.
Answer
  • True
  • False

Question 21

Question
The perspective of the relation between Logistics and Supply Chain that states that Logistics is part of it:
Answer
  • Inclusionist
  • Evolusionist
  • Intersectionist
  • None of the above

Question 22

Question
The most expensive transportation mode is:
Answer
  • Air
  • Railroad
  • Road
  • Ocean

Question 23

Question
Freight forwarders
Answer
  • 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

Question 24

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

Question 25

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

Question 26

Question
Specifies the location of the court that will be used to render a judgement in case of a dispute
Answer
  • Choice of venue
  • Choice of law
  • Good Faith
  • Scope of appointment

Question 27

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

Question 28

Question
Considered to be international trade milestones
Answer
  • Creation of the IMF
  • Treaty of Rome
  • Creation of the WTO
  • All of the above

Question 29

Question
WTO
Answer
  • 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

Question 30

Question
Considered to be among the major exporting countries (WTO 2012)
Answer
  • Canada, France, Germany
  • China, Malaysia, Spain
  • Belgium, Argentina, Singapore
  • Poland, Austria, Brazil

Question 31

Question
___________ is formed when companies in the same industry, as well as their suppliers, concentrate in a geographic area.
Answer
  • Cluster
  • Factor endowment
  • Absolute advantage
  • Comparative advantage

Question 32

Question
Which of the following is NOT an attribute of competitive advantage:
Answer
  • Firm strategy, structure, rivalry
  • Relating and supporting industries
  • Demand conditions
  • Innovation

Question 33

Question
Allows businesses to find agents and distributors, to develop wholesale and retail channels, and promote their products
Answer
  • Banking infrastructure
  • Business Service infrastructure
  • Distribution infrastructure
  • All of the above

Question 34

Question
The less expensive transportation mode is
Answer
  • Air
  • Railroad
  • Road
  • Ocean and water

Question 35

Question
Depth of water in a port
Answer
  • 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

Question 36

Question
Custom brokers
Answer
  • 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

Question 37

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

Question 38

Question
Countries economies benefit because of:
Answer
  • World War 2
  • Trade
  • Population growth
  • Population wellbeing

Question 39

Question
Understanding trade-offs between different modes of transportation is the responsibility of:
Answer
  • Logistics manager
  • CFO
  • CEO
  • Manufacturing manager

Question 40

Question
Among the responsibilities of International Logistics Manager we find:
Answer
  • 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

Question 41

Question
______________ led to decrease of duty rates from 40% to slightly above 4%
Answer
  • WTO
  • IMF
  • UN
  • GATT

Question 42

Question
Which of the following countries did not sign the 1957 Treaty of Rome
Answer
  • Netherlands and Belgium
  • UK and Luxemburg
  • France & Spain
  • Portugal and Denmark

Question 43

Question
International trade drivers
Answer
  • Revenue, competitive, market & technology
  • Cost, competitive, market & technology
  • Cost, suppliers, segment & technique
  • Revenue, suppliers, segment & technique

Question 44

Question
The reduction on tariffs achieved through the GATT were made through a process named:
Answer
  • Agreement negotiations
  • Rounds
  • Bilateral agreements
  • None of the above

Question 45

Question
In logistics clusters the logistics suppliers (even though they are competitors), help each other. Why?
Answer
  • Because they are partners
  • Because they complement each other
  • Because they set services prices through agreements
  • Because they help to attract new customers

Question 46

Question
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:
Answer
  • Theory of comparative advantage
  • Theory of absolute advantage
  • International product life cycle
  • Factor endowment

Question 47

Question
Stage of the historical development of logistics where firms provided reduce shipping time and time defined deliveries:
Answer
  • The early slow days
  • The move toward speed
  • Customer satisfaction
  • Strategic advantage

Question 48

Question
Region of the world where sustainable practices are more developed?
Answer
  • North America
  • Western Europe
  • Asia Pacific
  • None of the above

Question 49

Question
Allows goods to move efficiently within a country and between countries
Answer
  • Transportation infrastructure
  • Communication infrastructure
  • Distribution infrastructure
  • Standard infrastructure

Question 50

Question
Which one of the stages of the historical development of logistics is highly related with the appearance of containers?
Answer
  • The early slow days
  • The move towards speed
  • Customer satisfaction
  • Strategic advantage

Question 51

Question
Process that plans for parts to arrive on the assembly line just before they are needed
Answer
  • Just in time
  • Material Requirement Planning
  • Manufacturing Requirement Planning
  • Distribution Resource Planning

Question 52

Question
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.
Answer
  • Physical distribution
  • Transportation
  • Customer service
  • Supply chain

Question 53

Question
Which one of the following statements is NOT considered to be an element of international logistics
Answer
  • The inherent risks and hazards of international transportation
  • Terms of trade
  • Crossing borders
  • Warehousing

Question 54

Question
Among the elements considered as international infrastructure we find the following:
Answer
  • Transportation & communications
  • Communications & utilities
  • Legal and regulatory infrastructure
  • All of the above

Question 55

Question
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:
Answer
  • Materials Resource Planning
  • Distribution Resource Planning
  • Just in Time
  • None of the above

Question 56

Question
In which region of the world logistics economic importance is the highest in terms of billions of dollars
Answer
  • Central and South America
  • Europe
  • North America
  • Asia Pacific

Question 57

Question
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.
Answer
  • Arbitration
  • Mediation
  • Litigation
  • None of the above

Question 58

Question
If the second party does not accept all the terms of the original offer
Answer
  • Acceptance
  • Rejection
  • Counteroffer
  • None of the above

Question 59

Question
Specifies which country's laws will be used in case of a dispute between parts
Answer
  • Choice of venue
  • Choice of law
  • Good Faith
  • Scope of appointment

Question 60

Question
Lead to the essential creation of the European Union
Answer
  • WTO
  • Bretten Woods Conference
  • GATT
  • The Treaty of Rome
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