International Logistics Exam Review
Course Introduction
International Logistics examines the principles and practices involved in managing the flow of goods, information, and resources across global supply chains. The course covers topics such as transportation modes, international trade regulations, port operations, customs procedures, and the strategic coordination of suppliers and distributors in a global context. Students will gain an understanding of the complexities of cross-border logistics, risk management, technology integration, and the impact of economic, political, and environmental factors on international logistics operations. Emphasis is placed on developing skills to design, implement, and manage efficient and sustainable logistics solutions in a dynamic international marketplace.
Recommended Textbook
International Logistics Management of International Trade Operations 3rd Edition by David
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Chapter 1: Introduction
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Q1) The Factor Endowment Theory was developed by Raymond Vernon.
A)True
B)False
Answer: False
Q2) On occasion,a firm will respond to a competitor's move by retaliating.For example,Linde Gas (an American firm producing industrial gasses)entered the French market when Air Liquide (a French company in the same industry)decided to enter the U.S.market.Such a move is considered a
A) cost driver.
B) competitive driver.
C) technology driver.
D) market driver.
E) None of the above
Answer: B
Q3) A competitor offering a new product in a mature market can entice a company to start importing its own low-cost alternative.
A)True
B)False
Answer: True
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Chapter 2: International Supply Chain Management
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Q1) The costs of domestic logistics (transportation and inventory)represent approximately ____________________ of the GDP of the United States.
Answer: 10 percent
Q2) Manufacturers have adopted MRP systems so that they can reduce their inventory and manufacture ____________________.
Answer: just-in-time
Q3) "Time-defined" deliveries refer to shipments of goods that cannot stay in transit too long because they are perishable.
A)True
B)False
Answer: False
Q4) 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
Q5) The most significant change in the past fifty years in ocean transportation was the creation of ____________________ by Malcom McLean. Answer: containers
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Chapter 3: International Logistics Infrastructure
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Q1) Few ports have had to dredge channels to allow ships with drafts of up to 40 feet.
A)True
B)False
Answer: False
Q2) Since most airports are geographically close to large cities,their hours of operations are generally limited by ____________________ constraints.
Answer: noise
Q3) Because work in modern ports goes so fast,there is no need for warehousing space.
A)True
B)False
Answer: False
Q4) The infrastructure of pipelines is declining,meaning more energy needs of the world must be transported by ships,trucks,and railroads.
A)True
B)False
Answer: False
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Chapter 4: Methods of Entry into Foreign Markets
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Q1) An agent often has several principals and generally sells a group of complementary products rather than products that compete directly with one another.
A)True
B)False
Q2) Maquiladoras are located on the border between
A) France and Germany.
B) Spain and Portugal.
C) Quebec and Ontario.
D) the United States and Mexico.
E) None of the above
Q3) Not only are export trading companies helpful for organizations who are novices at international trade,but as an organization becomes more involved in international trade,the export trading company becomes more of a necessity.
A)True
B)False
Q4) United States companies are prohibited from giving bribes in foreign countries by the ____________________ Act.
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Chapter 5: International Contracts
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Q1) Contracts normally contain a clause that annuls the contract in the event of an overwhelming unforeseen event like a major storm or fire.This is called an evergreen provision.
A)True
B)False
Q2) The advertising clause of a contract between an exporter and an agent/distributor spells out the obligations of both parties in the areas of A) advertising.
B) trade show attendance.
C) ownership of ideas.
D) All of the above
E) None of the above
Q3) An increasingly popular way of settling disputes between international exporter-agent/distributor partners is A) joint ventures.
B) arbitration.
C) lawsuits in courts in the exporter's country.
D) lawsuits in courts in the agent/distributor's country.
E) None of the above
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Page 7
Chapter 6: Terms of Trade or Incoterms
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Q1) Electronic Data Interchange (EDI)has changed what issue in Incoterms?
A) who pays for insurance
B) who pays for import clearance
C) documentation of delivery
D) All of the above.
E) None of the above.
Q2) The FOB term not only means "Free On Board," it is also sometimes referred to as
A) Freight On Bow.
B) Free Over Bow.
C) Freight On Board.
D) Freight Over Ballast.
E) None of the above
Q3) Delivered at Frontier is an Incoterm designed specifically for A) ocean transportation.
B) land transportation.
C) air transportation.
D) barge transportation.
E) None of the above
Q4) The Incoterm CPT means "____________________ Paid To."
Q5) The Incoterm DDU means "Delivered _____________________ Unpaid."
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Chapter 7: Terms of Payment
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Q1) Because some of their cash must be frozen at the issuing bank to guarantee payment,importers often prefer terms other than those of a letter of credit.
A)True
B)False
Q2) In a letter of credit,the most important aspect is
A) the creditworthiness of the importer.
B) the documentation of the transaction.
C) the creditworthiness of the exporter.
D) the promise of eventually changing to an open account.
E) None of the above
Q3) A problem with TradeCard is that it is an extremely expensive alternative.
A)True
B)False
Q4) 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
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Chapter 8: Currency of Payment (Managing Transaction
Risks)
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Q1) In the long run,technical forecasting of exchange rates is very accurate.
A)True
B)False
Q2) A characteristic of options hedging is that options are commonly traded for many different currencies.
A)True
B)False
Q3) The euro was first created as an artificial ____________________.
Q4) The stated goal of the European Union is to eventually transform the euro to be a challenger to the U.S.dollar in its role as a preferred third-country currency.
A)True
B)False
Q5) A forward market hedge
A) allows a company to protect itself from currency fluctuations.
B) may involve selling forward a future receivable in a foreign currency.
C) may involve purchasing forward the currency necessary to cover a foreign payable.
D) All of the above
E) None of the above
10
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Chapter 9: International Commercial Documents
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Q1) The pro forma invoice
A) is identical to the commercial invoice.
B) must be written with extreme care to avoid discrepancies between the letter of credit and the commercial invoice.
C) does not need an expiration date.
D) All of the above
E) None of the above
Q2) The main billing document in a shipment is the pro forma invoice.
A)True
B)False
Q3) A(n)____________________ license is designed to prevent the import of non-essential or overly luxurious products in developing countries with a short supply of foreign currency.
Q4) An import license is usually provided by an independent laboratory or independent inspection company attesting to composition of certain shipped products.
A)True
B)False
Q5) The United States requires a(n)____________________ Export Declaration.
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Chapter 10: International Insurance
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Q1) An act of disobedience or willful misconduct by the captain or the crew of a ship that causes damage to the ship or cargo is called ____________________.
Q2) At Lloyd's,the individuals assuming (insuring)risks have
A) unlimited liability.
B) limited liability.
C) limited liability only in the United Kingdom.
D) unlimited liability only in the United Kingdom.
E) None of the above
Q3) Traditionally,shippers of higher-value cargo will ask that the cargo be carried "____________________ deck."
Q4) A letter of credit usually requires
A) an open ocean cargo policy.
B) a special cargo policy.
C) a Certificate of Insurance.
D) All of the above
E) None of the above
Q5) Ordinary leakage is of more concern in air transit than in ocean transit.
A)True
B)False
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Chapter 11: International Ocean Transportation
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Q1) The American Convention for the Unification of Certain Rules of Law Relating to Bills of Lading is known as the Hague Rules.
A)True
B)False
Q2) The type of ship that coal is usually carried in is a
A) cabotage.
B) conference flag.
C) dry-bulk carrier.
D) RORO
E) None of the above
Q3) Ships designed to carry one single type of refined petroleum product are sometimes called
A) LASH ships.
B) post-production ships.
C) conference ships.
D) drugstore ships
E) None of the above
Q4) ____________________ ships travel on a regular voyage,following a pre-established schedule,and with determined ports of call.
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Chapter 12: International Air Transportation
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Q1) The aircraft that can carry freight and passengers on the main deck are called mixed aircraft.
A)True
B)False
Q2) The Paris convention of 1919
A) established the concept of sovereignty of a country over its airspace.
B) limited the liability of international airlines in accidents.
C) resulted in an "open-skies" agreement between the United States and the Netherlands.
D) All of the above
E) None of the above
Q3) UPS invented "time defined" deliveries in 1981.
A)True
B)False
Q4) What distinguishes a passenger aircraft from an airfreighter is the fact that only the airfreighter carries freight on the main deck.
A)True
B)False
Q5) The largest cargo airport in the world is at ____________________.
Q6) The largest airfreight company in the world is ____________________.
Page 14
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Chapter 13: International Land and Multi-Modal Transportation
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Q1) Cargo that cannot fit through the doors of a regular container is shipped in ____________________ containers.
Q2) Heightened inspection levels have delayed border crossings worldwide.
A)True
B)False
Q3) Malcom McLean devised the container system and implemented it in
A) 1966.
B) 1956.
C) 1946.
D) 1976.
E) None of the above
Q4) Like the United States,Australia has a lot of railroad capability to carry truck trailers across the country.
A)True
B)False
Q5) Railroad freight transport in the United States is a dying industry.
A)True
B)False
Q6) Unlike the United States,European railroads focus more on ____________________ traffic than freight. Page 15
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Chapter 14: Packaging for Export
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Q1) To protect against condensation damage inside a container,the container's interior floor and,ideally,its interior sides should be made of ____________________.
Q2) To protect cargo,markings should
A) display only the net weight.
B) display only the gross weight.
C) only be in metric units.
D) only be in English units.
E) None of the above
Q3) The complexity of varied regulations regarding shipment of hazardous cargo means the shipper should contract with a specialized freight forwarder or consultant.
A)True
B)False
Q4) Most in-transit thefts involve people who are ____________________.
Q5) Some countries regulate primary package sizes by requiring them to be multiples of simple metric units.
A)True
B)False
Q6) To keep cargo from shifting,some shippers use inflatable
17
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Chapter 15: International Logistics Security
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Q1) The primary goal of the International Chamber of Commerce is to facilitate international ____________________.
Q2) Countries outside of Europe and North America reacted with policies that mirrored the policies of which country or area?
A) the United States
B) the European Union
C) Canada
D) All of the above
E) None of the above
Q3) 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
Q4) The International Chamber of Commerce is not involved in security initiatives. A)True
B)False
Q5) When a machine erroneously clears a piece of luggage that actually contains a bomb,this is a Type I error.
A)True
B)False
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Chapter 16: Customs Clearance
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Q1) Most duty is collected ad valorem which means
A) it is based on the value of the import.
B) it is based on the value that is added in each process of manufacturer/improvement.
C) the duty adds value to the product.
D) the duty reduces the price of the product.
E) None of the above
Q2) Documentation designed to indicate what country a product initially came from is contained in the
A) commercial invoice.
B) Certificate of Origin.
C) surety bond.
D) entry form.
E) None of the above
Q3) Customs determines tariffs based upon the type of goods imported,which is determined according to a number of rules of ____________________ that essentially have been standardized worldwide.
Q4) A quota that applies to all imports under an HS heading,regardless of country of origin,is called a(n)____________________ quota.
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Chapter 17: Using International Logistics for Strategic Advantage
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Q1) In many countries,work and ____________________ rarely intersect.In other countries,they are closely tied to one another.
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) In considering the speed at which an e-mail from a foreign interlocutor should be answered,the best strategy is to ____________________ what has been observed from other contacts in that country.
Q4) Among the following languages,which is considered by the United States Department of State as the easiest one to learn?
A) French
B) Japanese
C) Finnish
D) Greek
E) None of the above
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