International Logistics Management Test Preparation
Course Introduction
International Logistics Management explores the strategies, processes, and technologies involved in the global movement of goods and services. The course examines international supply chains, transportation modes, customs regulations, documentation, and risk management, focusing on the efficient and cost-effective coordination of logistics activities across borders. Students learn to analyze challenges such as currency fluctuations, trade barriers, cultural differences, and sustainability issues in global logistics operations. Practical case studies and real-world examples provide insights into how multinational organizations design and implement logistics solutions to gain competitive advantage in international markets.
Recommended Textbook
International Logistics Management of International Trade Operations 3rd Edition by David
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17 Chapters
907 Verified Questions
907 Flashcards
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Page 2
Chapter 1: Introduction
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Sample Questions
Q1) A company that has to make large capital outlays before starting production will want to export in order to spread its costs over a large number of units produced.
A)True
B)False
Answer: True
Q2) The Heckscher-Ohlin Theory holds that countries that have an abundance of certain resources enjoy an absolute or comparative advantage over other countries.Which of the following is NOT one of the factors that Heckscher and Ohlin considers scarce?
A) land
B) labor
C) capital
D) education
E) None of the above
Answer: D
Q3) The Theory of Comparative Advantage was first coined by Robert Torrens,but popularized by ____________________.
Answer: David Ricardo
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Page 3
Chapter 2: International Supply Chain Management
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Sample Questions
Q1) Logistics management encompasses ____________________ activities than does supply chain management.
Answer: fewer,less
Q2) MRP,MRP II,and DRP are inventory management techniques that allow manufacturers to reduce their inventory levels.
A)True
B)False
Answer: True
Q3) The increased usage of air transport for international trade has had which consequence?
A) decreased shipping costs
B) increased insurance claims
C) increased probability of a company being selected as a supplier, by reducing delivery times
D) increased shipping delays
E) All of the above
Answer: C
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Chapter 3: International Logistics Infrastructure
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Sample Questions
Q1) Regarding water availability in the infrastructure
A) more than 95 percent of the world's population has running water.
B) many cities have old leaky pipes.
C) it is not important to economic development.
D) All of the above
E) None of the above
Answer: B
Q2) The idea that containerized ocean cargo needs to take a shortcut across a landmass by rail has resulted in the development of
A) TGV trains.
B) more port dredging.
C) land bridges.
D) Shinkansen trains.
E) None of the above
Answer: C
Q3) Ports have been challenged in handling ships with drafts exceeding ____________________ feet.
Answer: 40
Q4) The tunnel between France and Great Britain is called the ____________________.
Answer: Chunnel
5
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Chapter 4: Methods of Entry into Foreign Markets
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Sample Questions
Q1) An export trading company is an intermediary which will purchase goods in the exporting country and will resell them to a customer in a foreign country.
A)True
B)False
Q2) Agents usually sell more than one product and represent more than one company.The products they sell are
A) complementary.
B) competitive.
C) owned by the agent.
D) inexpensive.
E) None of the above
Q3) As a company grows in exporting sophistication,it should not become involved with an export trading company because
A) fixed costs are too high.
B) variable costs are too high.
C) it is a violation of international law.
D) customers abroad are customers of the export trading company, not the exporter.
E) None of the above
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Chapter 5: International Contracts
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Sample Questions
Q1) A facilities and ____________________ clause in a contract spells out what the exporter and the agent/distributor have agreed upon with respect to the type of establishment the agent/distributor will maintain.
Q2) A contract with no determined duration and which can no longer be terminated for non-performance (since termination did not take place earlier,even though there was evidence of non-performance),is called an evergreen contract.
A)True B)False
Q3) Instead of using courts to settle disputes,an increasing number of contracts call for disputes to be settled by
A) international law.
B) diplomacy.
C) an arbitration panel.
D) the Uniform Commercial Code.
E) None of the above
Q4) Under the Uniform Commercial Code,an offer can be withdrawn at any time,without prejudice.
A)True B)False
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Chapter 6: Terms of Trade or Incoterms
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Sample Questions
Q1) Under the DAF Incoterm,the exporter is responsible for the costs of transportation from the border city to the final destination and for the costs of clearing customs.
A)True
B)False
Q2) The document that corresponds clearly to the transfer of responsibility for a Free Carrier shipment is the receipt given by the carrier to the exporter.This receipt can be
A) a sea waybill.
B) an air waybill.
C) a multi-modal bill of lading.
D) All of the above
E) None of the above
Q3) The CFR Incoterm means "Cost and Freight."
A)True
B)False
Q4) Under the CPT Incoterm,the bill of ____________________ can act as a proof of delivery from the carrier.
Q5) The Incoterm CPT means "____________________ Paid To."
Q6) The Incoterm DDU means "Delivered _____________________ Unpaid."
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Chapter 7: Terms of Payment
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Sample Questions
Q1) Because of the risks associated with open-account transactions,when an exporter is forced for competitive reasons to offer an open account,the exporter should acquire credit ____________________ on those sales.
Q2) SWIFT stands for
A) Southwestern International Fund Transfers.
B) Sales World Institutional Financial Telecommunications.
C) Serving-the-World Institutional Financial Transactions.
D) Society for Worldwide Institutional Transfers.
E) None of the above
Q3) The exporter that offers "open account" terms is less likely to clinch a sale than one that offers more secure terms,such as "letter of credit" terms.
A)True
B)False
Q4) Usually a bank guarantee is offered by a single bank,rather than multiple banks.
A)True
B)False
Q5) It is possible to add a draft to a letter of credit.
A)True
B)False
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Chapter 8: Currency of Payment (Managing Transaction
Risks)
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Sample Questions
Q1) The Ex-Im Bank is the curator of the SDR.
A)True
B)False
Q2) If the exporter and the importer agree that a transaction will be in the currency of the exporter's country,the exporter then bears all the risks of exchange rate fluctuation.
A)True
B)False
Q3) The following mathematical expression Ft ? ??et? = S(et ? ?)
Is of what theory of exchange rate determination?
A) Interest Rate Parity
B) Fisher effect
C) Purchasing Power Parity
D) Big Mac Index
E) None of the above
Q4) The Ex-Im Bank provides loans to small exporters.
A)True
B)False
Q5) The euro was first created as an artificial ____________________.
Page 10
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Chapter 9: International Commercial Documents
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Sample Questions
Q1) A detailed Shipper's Letter of Instruction can be critical in ____________________ shipments.
Q2) For an exporter,one way to avoid having to pay for amendments to a letter of credit is to
A) prepare the packing list particularly carefully.
B) make sure that the Shipper's Export Declaration has been filed electronically.
C) prepare the pro forma invoice particularly carefully
D) All of the above
E) None of the above
Q3) Export taxes
A) protect importers from fraudulent exporters.
B) are certified by the exporter's chamber of commerce.
C) may be used when the shipped goods are minerals in short supply, or when the product has been heavily subsidized by the government.
D) All of the above
E) None of the above
Q4) A uniform bill of lading is not used for inland transportation.
A)True
B)False
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Chapter 10: International Insurance
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Sample Questions
Q1) Marine cargo insurance can be purchased from A) a barratry.
B) MSC Carla.
C) COGSA.
D) All of the above
E) None of the above
Q2) Airfreight insurance policies
A) are more complicated than ocean marine policies.
B) are written as "All Risks" policies.
C) have none of the traditional exclusions of ocean marine policies.
D) All of the above
E) None of the above
Q3) Institute Marine Cargo Clauses Coverage C
A) is required by Incoterms CIF and CIP.
B) is appropriate for most goods.
C) is adequate for most containerized goods.
D) All of the above
E) None of the above
Q4) Hull insurance rates are dependent upon the ____________________ of a ship,the way it is maintained,and the equipment it has on board.
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Chapter 11: International Ocean Transportation
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Sample Questions
Q1) Displacement tonnage is the weight of the ship,when empty,measured by the weight of the volume of water it displaces.
A)True
B)False
Q2) The greatest number of ships are container ships.
A)True
B)False
Q3) According to the Jones Act,United States' cabotage prohibits the use of U.S.-flagged ships.
A)True
B)False
Q4) The largest ships in the world are crude carriers.
A)True
B)False
Q5) All cargo in trades supported by the Ex-Im Bank must be shipped through European-flagged ships.
A)True
B)False
Q6) ____________________ ships are designed to carry all sorts of different loads in a single voyage.
Page 13
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Chapter 12: International Air Transportation
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Sample Questions
Q1) An "onboard courier" is an individual who travels as a passenger,but relinquishes his or her baggage allocation in order to transport cargo.
A)True
B)False
Q2) Products that do not fit in the cargo bay of a traditional cargo aircraft are often referred to as ____________________.
Q3) 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
Q4) When loading an airfreighter,crews must be careful not to place too much cargo in the tail of the aircraft (aft)before placing some in the front (fore),to prevent "nose up" situations.
A)True
B)False
Q5) Aircraft designed so that freight is carried on the main deck as well as in the belly hold are called ____________________.
Q6) The largest airfreight company in the world is ____________________.
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Chapter 13: International Land and Multi-Modal Transportation
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Sample Questions
Q1) A ____________________ is the idea that cargo traveling on ocean liners can cross a land obstacle by being unloaded in one port,transferred to a train,carried across the land area by rail,and reloaded onto another ship.
Q2) The shipping container was developed in 1970 by Marshall McLuan.
A)True
B)False
Q3) Cargo that requires specific arrangements to be transported,because it exceeds weight and dimensional limits of traditional cargo,is called "project cargo."
A)True
B)False
Q4) Extended length containers are designed to hold cargo that does not fit in a 40-foot container.
A)True
B)False
Q5) Liquid-bulk containers cannot be stacked with traditional containers.
A)True
B)False
Q6) Container ship capacity is measured in ____________________.
15
Q7) Cargo of exceptional size and/or weight is called ____________________.
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Chapter 14: Packaging for Export
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Sample Questions
Q1) Markings in international air shipments should be handled in much the same way as markings on ocean shipments.
A)True
B)False
Q2) Proper marking on cargo as it is shipped is important because proper marking
A) protects the cargo from poor handling.
B) protects the cargo from theft.
C) protects the cargo from pilferage.
D) All of the above
E) None of the above
Q3) To protect break-bulk or LCL cargo from being lost or shipped to the wrong consignee,it should be clearly marked with
A) the freight carrier's name.
B) the consignee's name.
C) the product's consumer or trademarked name.
D) All of the above
E) None of the above
Q4) To protect against condensation damage inside a container,the container's interior floor and,ideally,its interior sides should be made of ____________________.
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Chapter 15: International Logistics Security
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Sample Questions
Q1) In order to be comprehensive in their security efforts,companies have to secure four areas in their supply chains; their fixed assets (plants,warehouses,distribution centers),their ____________________ while they are in transit,the information on which they rely to manage their operations,and their workforce,to ensure that it is reliable and trustworthy.
Q2) The policy of a one-hundred-percent inspection is considered flawed because A) the costs are staggering.
B) the amount of room it requires is greater than what is normally available.
C) the personnel needed is very large.
D) it is ineffective.
E) All of the above
Q3) The goal of the ____________________ program is to encourage corporations involved in international trade to enact security measures that would prevent tampering of the shipments at any point in the supply chain; corporations are asked to evaluate their level of security in the supply chain,determine their vulnerability and remedy them.
Q4) One of the first international organizations to implement enhanced security measures was the International ____________________ Organization.
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Chapter 16: Customs Clearance
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Sample Questions
Q1) The United States requests the "sewing tickets" for some garments,an internal work document of the garment factory,as well as the time cards of the employees working there in an attempt to determine the country of origin of textile products.This can be an example of a non-tariff barrier.
A)True
B)False
Q2) Goods in a foreign trade zone can be warehoused until they are sent to their final destination,either in the host country or to a foreign destination.If the goods are sold in the host country,they are only dutiable at the time of that transaction.If they are sold abroad,they are dutiable both to the country where they are sold and to the host country of the foreign trade zone.
A)True
B)False
Q3) According to the Harmonized System of classification,each product in international trade can have a code that uses up to ____________________ digits.
Q4) A country grants or sells a right to export a set quantity of a specific good to an exporting firm.This authorization is called a ____________________.
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Page 18
Chapter 17: Using International Logistics for Strategic Advantage
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Sample Questions
Q1) In many countries,work and ____________________ rarely intersect.In other countries,they are closely tied to one another.
Q2) In international trade,improper packaging
A) can allow an insurance company to deny a claim.
B) can cause ill-will on the part of the importer.
C) can have disastrous consequences on the goods being shipped.
D) All of the above
E) None of the above
Q3) Writing in International English is simply to follow that every writer knows: use short words that even children know how to spell; for example,"The Cat in the Hat" can be considered to have been written in International English.
A)True
B)False
Q4) The language which is generally considered to be the easiest to learn is
Q5) An advantage of the metric system is that all of its units (meters,liters,grams)have fractions and multiples that are based on a ____________________ system.
Page 19
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