Question 1
Answer
-
Companies increase their sales worldwide to revoker their high investments costs
-
Companies enter foreign markets to keep up with their competitors
-
Companies enter foreign markets because their customers expect it
-
Companies enter foreign markets because their customers use technology to purchase from these markets
Question 2
Question
For a vessel to be attended in a seaport two of the most important variables to be considered are:
Question 3
Answer
-
Smallest ship that can cross the Panama Canal
-
Biggest ship that can cross the Panama Canal
-
Smallest ship that can cross the Suez Canal
-
Biggest ship that can cross the Suez Canal
Question 4
Answer
-
Links the Black and the Mediterranean Sea
-
Links Lawrence river and the Atlantic sea
-
Links the Aegean and the Leonian sea
-
Links the Red and the Mediterranean Sea
Question 5
Question
The cheapest transportation mode that exists is:
Answer
-
Airplane
-
Vessels
-
Trucks
-
Train
Question 6
Answer
-
Location in an airport where a plane is loaded and unloaded
-
Location is a train station where a train is loaded and unloaded
-
Location where trucks are loaded and unloaded
-
Location in a seaport where a ship is loaded and unloaded
Question 7
Question
The importance of canals & waterways is that:
Answer
-
It shortens the time it takes a vessel to get from origin to destiny
-
It shortens the distance that a vessel takes to get from origin to destiny
-
Vessels oil consumption is less
-
All of the above answers
Question 8
Question
1) [blank_start]Assuring that goods are packed properly[blank_end] = International logistics manager responsibility
2) [blank_start]WTO[blank_end] = created to replace GATT
3) [blank_start]Market driver[blank_end] = companies enter foreign markets because their customers expect them to be present in those countries
4) [blank_start]Containers[blank_end] = they are associated with the move toward speed in the historical development of logistics
5) [blank_start]North America[blank_end] = region that has implemented less green practices in logistics
6) [blank_start]Infrastructure[blank_end] = elements in place, public, or private to facilitate transportation, communication and business exchanges
7) [blank_start]Banking infrastructure[blank_end] = allows businesses to move funds and documents quickly and reliably
8) [blank_start]Bridge clearance[blank_end] = defines the minimum space a ship needs under the port's bridge
9) [blank_start]Choice of law[blank_end] = specifies which country's law will be used in a dispute
10) [blank_start]Competing lines[blank_end] = clause that specifies which competing products the agent or distributor is allowed to represent or sell
Question 9
Question
The move toward speed as a historical development of international logistics is explained by:
Question 10
Question
Among the challenges that companies involved in trade face are:
Answer
-
Visibility, risk management, globalization
-
Maintaining customer demand, risk management, localization
-
Sustainability, visibility, ports
-
Globalization, inventory levels, few transportation options
Question 11
Question
The only perspective of the relation between Logistics and SCM is:
Answer
-
Inclusionist
-
Evolutionist
-
Intersectionist
-
None of the above
Question 12
Question
Based on the evolution of SCM, the main two activities that are part of logistics are:
Answer
-
Information services & Purchasing/Material Management
-
Distribution planning & Physical distribution
-
Purchasing/Material Management & Physical distribution
-
Material handling & Customer service
Question 13
Question
The importance of Logistics measured as a percentage of the GDP is:
Answer
-
Less than 5%
-
Between 5 and 15%
-
Less or equal to 15%
-
Between 8 and 10%
Question 14
Question
Some of the reasons for Reverse logistics are:
Question 15
Question
The main difference between the definitions of Logistics and International Logistics is:
Answer
-
Goods storage
-
Goods flow
-
Point of consumption
-
All of the above
Question 16
Question
1) [blank_start]Evolutionist[blank_end] = perception that logistics appeared before supply chain
2) [blank_start]Bretton Woods Conference[blank_end] = creation of IMF and GATT
3) [blank_start]Mediator[blank_end] = independent person that attempts to find a middle ground between parties that are having a dispute
4) [blank_start]JIT & MRP[blank_end] = inventory management techniques created to reduce inventory costs
5) [blank_start]Lazaro Cardenas, Balboa[blank_end] = ports located on the Pacific
6) [blank_start]Percepts of contracts[blank_end] = traditions, local laws, international treaties and multilateral governments agreements
7) [blank_start]FedEx Hub[blank_end] = Memphis International Airport
8) [blank_start]Neu Post Panamax[blank_end] = biggest containers cargo ships
9) [blank_start]Slow early days[blank_end] = first stage of logistics historical development6t
Answer
-
Evolutionist
-
Bretton Woods Conference
-
Mediator
-
JIT & MRP
-
Lazaro Cardenas, Balboa
-
Percepts of contracts
-
FedEx Hub
-
Neu Post Panamax
-
Slow early days
Question 17
Question
Multimodal type of transportation
Answer
-
Piggy back
-
Birdy back
-
Fishy back
-
All of the above
Question 18
Question
Elements of contract formation
Answer
-
Offer
-
Acceptance
-
Counteroffer
-
All of the above
Question 19
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 20
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 21
Question
Completion of life cycle, repair, defective and reusage of package are:
Question 22
Question
Among the elements of international logistics we find:
Answer
-
Language, carriers, freight forwarders, packaging
-
Documents, insurance companies, incoterms, sustainability
-
Packaging options, difference in infrastructure, banks, currency fluctuations
-
All of the above
Question 23
Question
Waterway that facilitates trade between Russia and the rest of the world
Answer
-
Suez Canal
-
Saint Lawrence Seaway
-
Corinth Canal
-
Bosporus Stait
Question 24
Question
The maximum number of containers that can be placed side by side in a Post Panamax ship is:
Question 25
Question
Contract between equals
Answer
-
Labor law
-
Contract law
-
Both of the above
-
None of the above
Question 26
Question
Functions that the representative will perform
Answer
-
Term of appointment
-
Choice of venue
-
Scope of appointment
-
Mediation clause
Question 27
Question
1) [blank_start]Inclusionist[blank_end] = prevailing perception of logistics today
2) [blank_start]Professionals in int. logistics[blank_end] = facilitators of trade, responsible for safe and timely delivery
3) [blank_start]Arbitrators[blank_end] = conformed by a panel of professionals that help to solve a dispute
4) [blank_start]Veracruz, Santos & Cristobal[blank_end] = ports located on the Atlantic
5) [blank_start]CISG[blank_end] = convention for the international sale of goods as a way to oversee international contracts
6) [blank_start]Good Faith[blank_end] = clause in a contract that states that non of the parties have an ulterior motive
7) [blank_start]Antonov[blank_end] = biggest cargo aircraft
Question 28
Question
Which of the following elements is NOT part of an agency or distributor contract
Answer
-
Registration
-
Territory
-
Scope of appointment
-
Force majeure
Question 29
Question
The individuals who are handling goods in the ports, loading and unloading merchandise, are called
Answer
-
Stevedores
-
Longhoremen
-
Dockworkers
-
All of the above
Question 30
Question
The definition of "International Supply Chain Management" is the same as the definition of "Supply Chain Management", except that it makes explicit the fact that SCM
Question 31
Question
It is generally accepted that..
Answer
-
Logistics management encompasses activities that are distinct and separate from the activities includes in supply chain management
-
Logistics management encompasses activities that are broader those from supply chain management
-
Supply chain management encompasses activities that are broader than those of logistics management
Question 32
Answer
-
Process by which parties to a contract can settle a dispute involving courts of a country chose
-
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 33
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 34
Question
In the event that one of the parties to a contract does not meet its obligation due to a natural disaster as an earthquake
Answer
-
Breach of the contract
-
Force majeure
-
Rejecting a contract
-
Creating a new contract
Question 35
Question
A contract between equals falls under a:
Answer
-
Labor law
-
Common law
-
Theocratic law
-
Contract law
Question 36
Question
A country will enjoy a Comparative Advantage over other countries it it has abundance of one of the factor of economic production is stated by what theory?
Question 37
Question
What regional economic group triggered the formation of other economic groups?
Answer
-
South East Asian Nations
-
NAFTA
-
European Union
Question 38
Question
The German approach of reverse logistics is:
Answer
-
Using recycling as an anti-poverty program
-
Companies recycle all packages and creation of a post-consumer recycling program
-
Minimization of packages
-
Elimination of plastic containers
Question 39
Question
In reverse logistics, the activities that generate market value are:
Answer
-
Disassemble & recycle
-
Landfill & refurbish
-
Reuse & incinerate
-
Refurbish & repair
Question 40
Question
Provide significant assistance to firms engaged in international trade by helping determine the best shipping alternative
Answer
-
Freight forwarders
-
Couriers
-
Custom brokers
-
Transportation companies