L6M10 exam

When an importer fills out a customs entry form, which of the following documentation must typically accompany the form?A . Certificate of originB . Credit termsC . Choice of currencyD . Documentary letter of creditView AnswerAnswer: A Explanation: A certificate of origin verifies the origin of the goods and is...

ABC company operates in the global supply chain and wants to manage price and currency fluctuations effectively. Which surcharge could help them account for difficulties in navigating poor infrastructure, backlogs, and delays in transportation?A . Peak season surchargeB . Bunker adjustment factorC . War risk surchargeD . Currency adjustment factorView...

Why did corporations like General Motors and DuPont shift to relatively decentralized organizational structures?A . To reduce the importance of technologyB . To increase economies of scaleC . To improve adaptability to local conditionsD . To enhance global competitionView AnswerAnswer: C Explanation: Corporations structured business units around products and geographic...

What strategic questions must global firms consider when managing virtually centralized teams?A . How to improve face-to-face communicationB . How virtual teams fulfill tasks physicallyC . How to manage information complexityD . What types of tasks are best fulfilled by virtual teamsView AnswerAnswer: D Explanation: When managing virtually centralized teams,...

A company is experiencing difficulties in managing supply chain complexity and information flow across multiple tiers of suppliers. Which strategy can help them address these challenges?A . Eliminating all lower-tier suppliersB . Implementing layering and tiering in the supply chain networkC . Increasing the use of subcontractorsD . Focusing on...

What are potential causes of transportation and/or pipeline breakdowns? (Select all that apply)A . Currency fluctuationsB . Law & disputesC . CorruptionD . Natural disastersE . Weather eventsView AnswerAnswer: A, C, D, E Explanation: Natural disasters and weather events disrupt transportation and facilities. Corruption can lead to inefficiencies and breakdowns...

What is the purpose of the "order picking" stage in storage and handling practices?A . To physically unload incoming transportationB . To assemble and prepare inventory for dispatch according to ordersC . To move goods received inventory to identifiable locationsD . To manage the quality control of incoming inventoryView AnswerAnswer:...

What is the practice of following precedence in national legal systems called in Common Law?A . Jurisprudence constantB . Rule of lawC . Judicial creativityD . Stare decisisView AnswerAnswer: D Explanation: In Common Law, the principle of following legal precedence is known as stare decisis. [P-119]

What is the role of precedent in the decision-making of international courts and arbitration tribunals?A . Precedent is binding and must be followed uniformly.B . Precedent is deployed inconsistently and is not binding.C . Precedent is the primary source of international law.D . Precedent is excluded and has no relevance.View...

What distinguishes a co-located supply chain program from a distributed supply chain program?A . Co-located programs involve multiple activities at one location, while distributed programs operate from multiple geographical locations.B . Co-located programs are costlier to implement than distributed programs.C . Co-located programs are more environmentally friendly than distributed programs.D...