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Exam 14: International Logistics

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Question 21

Multiple Choice

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A ____ specifies the country

A) Commercial invoice
B) Shipper's export declaration
C) Consular document
D) Waybill
E) None of the above

F) C) and D)
G) None of the above

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Question 22

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Load centers refer to major ports where thousands of containers arrive and depart each week.

A) True
B) False

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Question 23

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____ act as the export sales department for a manufacturer.

Some nations with weak balance-of-payment positions issue an import license on the condition that the goods move on an aircraft or vessel flying that nation's flag.

It might not be unusual for cargo handlers in some countries to be illiterate.

International freight forwarders can handle either vessel shipments or air shipments.

Theft of rail freight is rare in China.

Because of greater uncertainties,misunderstandings,and delays often arise in international movements,safety stocks must be larger.

Export packers custom pack shipments when the exporter lacks the equipment or expertise to do so itself.

Montenegro and Turkey are currently candidates to be admitted to the European Union.

Which of the routing alternatives would you recommend to meet the initial 90-day deadline for the 25-bus shipment? Train or waterway? To which port

____ distinct international methods of payment exist.

Inventory valuation on an international scale is difficult because the value of various currencies continually change.

From the shipper's perspective,a non-vessel operating common carrier

____ refer to major ports where thousands of containers arrive and depart each week.

What do we call a system of accounts that records a country's international financial transactions?

Within five percent,the ratio of merchandise exports to world domestic product is currently approximately 15%.

Embargoes are physical limits on the amount that may be imported from any one country during a period of time.

Consular documents ____.

What international method of payment is issued by a bank and guarantees payment to a seller provided that the seller has complied with the applicable terms and conditions of the particular transaction?