International Logistics
Exam Answer Key
Course Introduction
International Logistics explores the strategic and operational aspects of moving goods and services across international borders. The course covers key topics such as global supply chain management, transportation modes, trade regulations, documentation, customs procedures, risk management, and cultural considerations impacting logistics decisions. Students will analyze the challenges and solutions related to inventory control, warehousing, packaging, and technology integration in a global context. Through case studies and real-world examples, the course prepares students to effectively manage and coordinate complex logistics activities that support international trade and business expansion.
Recommended Textbook
International Logistics Management of International Trade Operations 3rd Edition by David
Available Study Resources on Quizplus
17 Chapters
907 Verified Questions
907 Flashcards
Source URL: https://quizplus.com/study-set/375
Page 2
Chapter 1: Introduction
Available Study Resources on Quizplus for this Chatper
56 Verified Questions
56 Flashcards
Source URL: https://quizplus.com/quiz/6415
Sample Questions
Q1) The Theory of Absolute Advantage was first coined by ____________________. Answer: Adam Smith
Q2) World trade has grown about 10 percent per year since 1950.
A)True
B)False
Answer: False
Q3) According to the International Product Life Cycle Theory,the country(ies)most likely to manufacture a product that has been recently developed (one that is the result of a brand-new design and uses patented technology)and is in its first commercialization year,is (are)
A) the country of innovation only.
B) developing countries.
C) any country with the manufacturing technology necessary to manufacture it.
D) other developed countries.
E) None of the above
Answer: A
Q4) The Factor Endowment Theory was developed by Raymond Vernon. A)True
B)False
Answer: False
Page 3
To view all questions and flashcards with answers, click on the resource link above.
Chapter 2: International Supply Chain Management
Available Study Resources on Quizplus for this Chatper
55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/6416
Sample Questions
Q1) The change in government policies that allowed FedEx and other air carriers to purchase larger aircrafts and compete with other airlines was called
Answer: deregulation
Q2) Transportation decisions are more complicated in international logistics than they are in domestic logistics.
A)True
B)False
Answer: True
Q3) A German corporation is involved in the Grüne Punkt program and recycles its final consumer packaging after the consumer has used the product.How are these types of activities called?
A) cycling logistics
B) reverse logistics
C) recycling logistics
D) return logistics
E) None of the above
Answer: B
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: International Logistics Infrastructure
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/6417
Sample Questions
Q1) Factors contributing to the rise of U.S.freight railroads since about 1980 are
A) road congestion, concerns about pollution and noise, and development of the multi-modal container.
B) higher train speeds, development of more custom service by railroads, and concerns about terrorism.
C) increased shipments of high-value goods like computers, unreliability of air freight, and the building of new railroads.
D) All of the above
E) None of the above
Answer: A
Q2) For the most part,the emphasis on European railroads has been upon freight rather than passenger service.
A)True
B)False
Answer: False
Q3) In the United States,paved roads represent ____________________ percent of the road infrastructure.
Answer: 90
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Methods of Entry into Foreign Markets
Available Study Resources on Quizplus for this Chatper
52 Verified Questions
52 Flashcards
Source URL: https://quizplus.com/quiz/6418
Sample Questions
Q1) Usually,a distributor is located
A) near the exporter.
B) in the importing country.
C) near the capital city of the importing country.
D) in a neighboring country.
E) None of the above.
Q2) Because of action by the World Trade Organization to lower tariffs in the future,there should be an increase in the importance of foreign trade zones.
A)True
B)False
Q3) Joint ventures are becoming more and more attractive to foreign investors.
A)True
B)False
Q4) In a franchising arrangement,the ____________________ pays fees to the company that owns the bundle of intellectual property items.
Q5) Most export management corporations are small firms,typically with fewer than fifteen employees.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: International Contracts
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/6419
Sample Questions
Q1) An agreement between an exporter and an agent/distributor may state that the laws of the exporter's country apply to governing of the contract.This can be complicated by
A) the practice of many exporters to bribe the judges in their home countries.
B) a shortage of lawyers in the exporter's home country.
C) it being illegal for the exporter to make such an agreement.
D) the government of the country where the agent/distributor is located, as it may say it has jurisdiction over the contract.
E) None of the above
Q2) When a party to a contract is continually looking for loopholes to avoid living up to the obligations of that contract,it can be said that
A) the laws of the country of the importer should apply.
B) the laws of the country of the agent/distributor should apply.
C) that party is not acting in good faith.
D) All of the above
E) None of the above
Q3) The main reason some countries use specific statutes to regulate international distribution agreements is that they feel they need to ____________________ agents and distributors.
To view all questions and flashcards with answers, click on the resource link above.
Page 7
Chapter 6: Terms of Trade or Incoterms
Available Study Resources on Quizplus for this Chatper
56 Verified Questions
56 Flashcards
Source URL: https://quizplus.com/quiz/6420
Sample Questions
Q1) Under the Incoterm FOB,responsibility for the cargo
A) shifts from exporter to importer at the ship's rail.
B) shifts from exporter to importer when the goods are placed on the exporter's loading dock.
C) shifts from exporter to importer when the goods are unloaded from the ship in the country to which the goods are going.
D) shifts from exporter to importer when the importer pays the exporter.
E) None of the above
Q2) Variants to the CFR Incoterm were created to reflect which of the trade partners was responsible for unloading costs.When the exporter bears the costs,the term "CFR ____________________" is used.
Q3) Conceptually,the CPT Incoterm is the same as the CFR Incoterm,except it applies to goods shipped by means other than ocean transport,or shipped by sea without being handed over the ship's rail (roll-on-roll-off cargo or intermodal containers).
A)True
B)False
Q4) The Incoterm DDU means "Delivered _____________________ Unpaid."
Q5) The Incoterm CPT means "____________________ Paid To."
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Terms of Payment
Available Study Resources on Quizplus for this Chatper
56 Verified Questions
56 Flashcards
Source URL: https://quizplus.com/quiz/6421
Sample Questions
Q1) Among the following terms of payment,which is the one which is the most customer-friendly and still protects the exporter from the risk of non-payment?
A) a letter of credit
B) open account
C) open account with credit insurance
D) international forfeiting
E) None of the above
Q2) The majority of transactions issued in the European Union are conducted on a "documentary collection" basis.
A)True
B)False
Q3) In those few cases in which the letter of credit does not reflect exactly the pro-forma invoice (misspellings for example),it is wiser to attempt to obtain an amendment rather than to issue an invoice that matches the letter of credit.
A)True
B)False
Q4) The issuing bank's promise to pay is contingent upon the proper ____________________ being in order.
To view all questions and flashcards with answers, click on the resource link above.
9
Chapter 8: Currency of Payment (Managing Transaction
Risks)
Available Study Resources on Quizplus for this Chatper
54 Verified Questions
54 Flashcards
Source URL: https://quizplus.com/quiz/6422
Sample Questions
Q1) Although there are many variables affecting the exchange rate of currencies,applications of fundamental forecasting using multiple regression and ANOVA readily overcome the problem of having all these variables.
A)True
B)False
Q2) The following mathematical representation represents the Fisher effect theory of exchange rate determination.
S(et)= (1+infD)?
S(e?)(1+infF)?
A)True
B)False
Q3) Although the Bank for International Settlements originally limited its membership to European Central Banks,the United States Central Bank joined in 1974.
A)True
B)False
Q4) A problem with market-based forecasting is that the "wisdom" of the market may be skewed by ____________________ who may include people motivated by entirely different motives than the actual purchase and delivery of a currency.
Page 10
To view all questions and flashcards with answers, click on the resource link above.
Chapter 9: International Commercial Documents
Available Study Resources on Quizplus for this Chatper
56 Verified Questions
56 Flashcards
Source URL: https://quizplus.com/quiz/6423
Sample Questions
Q1) A document sometimes requested by the importer that is signed by an independent third party attesting to authenticity and accuracy of a shipment is a Certificate of
Q2) One of the requirements for a U.S.shipper's export declaration is for exports valued at more than ____________________ per item category.
Q3) For an American exporter,one way to avoid delays in the port of departure in the United States is to
A) make sure that the Shipper's Export Declaration has been filed on time.
B) make sure that the number of original invoices and bills of lading is at least five.
C) make sure that the invoice has been visa-ed by the consulate of the importing country.
D) make sure that the packing list has been written in the language of the importing country.
E) None of the above
Q4) Bolero does not use a shared EDI network,but is proprietary.
A)True
B)False
Q5) The United States requires a(n)____________________ Export Declaration.
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: International Insurance
Available Study Resources on Quizplus for this Chatper
73 Verified Questions
73 Flashcards
Source URL: https://quizplus.com/quiz/6424
Sample Questions
Q1) Institute for Marine Cargo Clauses Coverage B
A) is a "named-perils" policy.
B) includes coverage for goods washed overboard.
C) includes coverage for water damage, and total losses during loading and unloading.
D) All of the above
E) None of the above
Q2) For Institute Marine Cargo Clauses Coverage B,losses due to bad weather are not covered.
A)True
B)False
Q3) An insurance contract is legally binding only if the insured has a(n)____________________ in the subject matter of the insurance.
Q4) Most piracy occurs near Northwest Asia.
A)True
B)False
Q5) A "With Average" policy does not cover any losses from loading and unloading of the vessel.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: International Ocean Transportation
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/6425
Sample Questions
Q1) ____________________ ships are designed to carry all sorts of different loads in a single voyage.
Q2) The total capacity of the ship expressed in long tons is called A) ship size.
B) full tonnage.
C) deadweight tonnage.
D) weight tonnage.
E) ship capacity.
Q3) ____________________ ships do not operate on a regular schedule but travel wherever the company using the vessel wants the cargo delivered.
Q4) The largest ships in the world are crude carriers.
A)True
B)False
Q5) Net [registered] tonnage is gross registered tonnage minus volume occupied by the engine room,the crew,and other space necessary for the good operation of the ship.
A)True
B)False
Q6) A long ton is ____________________ pounds.
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: International Air Transportation
Available Study Resources on Quizplus for this Chatper
45 Verified Questions
45 Flashcards
Source URL: https://quizplus.com/quiz/6426
Sample Questions
Q1) The international airfreight business is regulated by A) the Federal Aviation Administration.
B) the Civil Aeronautics Board.
C) the Civil Air Patrol.
D) Aeroflot.
E) None of the above
Q2) Certified Cargo Screening Facilities are charged with
A) randomly selecting about twenty percent of all air cargo, and inspect these shipments before they are loaded on any aircraft.
B) conducting background checks for all airlines and airport employees who are in contact with international cargo air shipments.
C) conducting one-hundred-percent inspections of all shipments that will eventually travel on passenger aircraft.
D) reporting on suspicious cargo shipments originating from abroad, through a program called "Automated Targeting System."
E) All of the above
Q3) Most airfreighters are the same types of aircraft used in passenger service,except they are equipped with ____________________ decks.
To view all questions and flashcards with answers, click on the resource link above.
14
Chapter 13: International Land and Multi-Modal Transportation
Available Study Resources on Quizplus for this Chatper
48 Verified Questions
48 Flashcards
Source URL: https://quizplus.com/quiz/6427
Sample Questions
Q1) The biggest challenge to international trucking in Europe is the myriad of ____________________ that are present.
Q2) Europeans have attempted to upgrade their freight railroad systems but they are slowed by bloated ____________________.
Q3) Cargo that cannot fit through the doors of a regular container is shipped in ____________________ containers.
Q4) The Rotterdam Rules do not address the issues of cargo liability for cargo transported by land.
A)True
B)False
Q5) Extended length containers are designed to hold cargo that does not fit in a 40-foot container.
A)True
B)False
Q6) Efforts to develop a fairly seamless European freight rail system have been resisted by the country of ____________________.
Q7) Cargo of exceptional size and/or weight is called ____________________.
Page 15
Q8) Overloaded trucks are common in ____________________ and some parts of Asia.
To view all questions and flashcards with answers, click on the resource link above.
Page 16
Chapter 14: Packaging for Export
Available Study Resources on Quizplus for this Chatper
60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/6428
Sample Questions
Q1) Air transport is,by nature,more hazardous than ocean transport.
A)True
B)False
Q2) Containers used in air transport are not truly intermodal.
A)True
B)False
Q3) An intermodal container is designed to withstand the weight of up to how many similar containers placed on top of it?
A) two
B) three
C) four
D) five
E) None of the above
Q4) Some countries regulate primary package sizes by requiring them to be multiples of simple metric units.
A)True
B)False
Q5) Light leakage in a container could indicate a risk of water infiltration.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 17
Chapter 15: International Logistics Security
Available Study Resources on Quizplus for this Chatper
41 Verified Questions
41 Flashcards
Source URL: https://quizplus.com/quiz/6429
Sample Questions
Q1) C-TPAT program offer companies the following advantages:
A) lower probability of Customs' inspections at the port of entry.
B) priority scheduling of inspections when they are deemed necessary.
C) assistance from Customs' Supply Chain Security Specialists.
D) All of the above
E) None of the above
Q2) In addition to the C-TPAT program,the United States has also created which program(s)or initiative(s)to improve security?
A) Maritime Transportation Security Act
B) Security and Accountability For Every Port Act
C) Transportation Workers' Identification Credential
D) Container Security Initiative
E) All of the above
Q3) Tamper-resistant seals are preferable over traditional seals.
A)True
B)False
Q4) In order to protect their shipments while they are in transit,companies implement a different set of measures; they make sure that all cargo containers are ____________________ before they leave any facility
To view all questions and flashcards with answers, click on the resource link above. Page 18
Chapter 16: Customs Clearance
Available Study Resources on Quizplus for this Chatper
55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/6430
Sample Questions
Q1) The deductive method of valuation is when Customs determines at what price identical or similar goods are sold within 90 days of importation in the importing country,and determines an entry value based upon "normal" mark-ups in the distribution channel.
A)True
B)False
Q2) The last four digits of the numbers in the Harmonized System of classification are country-specific.
A)True
B)False
Q3) A two-tiered tariff rate on a specific category of products in which the tariff that is low until a quota is reached and then it goes much higher is called a(n)
A) indirect quota.
B) tariff-rate quota.
C) limited quota.
D) designated quota.
E) None of the above
Q4) The country of origin of a product is the country in which it acquired its most substantial ____________________.
To view all questions and flashcards with answers, click on the resource link above. Page 19
Chapter 17: Using International Logistics for Strategic Advantage
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/6431
Sample Questions
Q1) The technique developed by the British Broadcasting Corporation to communicate clearly and accurately with non-native English speakers is called
Q2) For an American exporter,converting to the metric system only involves multiplying the English units it is using in the domestic market by the appropriate conversion coefficient.
A)True
B)False
Q3) When providing a quote to a potential customer abroad,it is best to provide the importer with ____________________ Incoterm alternatives.
Q4) The language which is generally considered to be the easiest to learn is
Q5) A writer intent on following the rules of International English should always assume that the reader will use a cheap dictionary that only has a limited number of words,one in which only the most common use of a word is likely to be listed.
A)True
B)False
20
To view all questions and flashcards with answers, click on the resource link above.