L6M10 exam

Which type of packaging is suitable for palletized cargoes secured to the pallet?A . Wooden boxesB . Shrink-wrappingC . Stackable and nestable heavy-duty plastic cratesD . Flat wrappingView AnswerAnswer: B Explanation: Shrink-wrapping provides a protective covering around palletized cargo, securing goods during transportation. [P-133]

Which international convention is known as the Vienna Convention and covers the contract of sale between an exporter and an importer?A . Economic Commission of West African States (ECOWAS)B . International Chamber of Commerce rules and terms of tradeC . United Nations Conventions on Contracts for the International Sale of...

In the context of original equipment manufacturers (OEMs) and their strategic choices, what is a key factor that may influence whether an OEM chooses to build their own brand or work as a supply partner to a major buyer?A . The size of the OEM's manufacturing capabilityB . The availability...

What is the minimum shipment documentation required for shipping by sea? (Select ALL that apply)A . Certificate of originB . Bill of ladingC . Commercial invoiceD . Packing listE . Pre-shipment inspection certificateF . Proforma invoiceView AnswerAnswer: A, B, C, D Explanation: Shipping by sea typically requires a bill of...

How has the nature of competition in today's globalized markets evolved?A . Competition is supply chain versus supply chain, rather than company versus companyB . Competition is limited to domestic marketsC . Competition is now primarily between companies within the same industryD . Competition is no longer a significant factor...

What is the term used to describe the physical separation of different parts of a production process in global logistics?A . GlobalizationB . IntegrationC . DisintegrationD . FragmentationView AnswerAnswer: D Explanation: Fragmentation allows different parts of production to occur in different countries, forming international production networks. [P-108]

A multinational corporation is considering expanding its operations to low-wage economies in developing countries to reduce labor costs and gain access to proprietary knowledge. Which of the following best describes this strategy?A . Pursuit of cost efficiency in the supply chainB . Global consolidation of transportationC . Centralized distribution centersD...

A global organization is considering implementing a tiered supply chain network. What would be the primary benefit of this approach?A . To centralize production facilities in one locationB . To eliminate competition among suppliersC . To increase demand uncertaintyD . To reduce the complexity of the supply chainView AnswerAnswer: D...

ABC global firm has been primarily using a centralized organizational structure for decades. However, due to increasing competition and the need to adapt to local markets, the firm is considering restructuring. What organizational change might align better with its current challenges?A . Maintain the existing centralized structure to preserve stability.B...

What are the two principles upon which international trade law, including international arbitration, is based?A . National recognition and legal independenceB . Freedom of contract and national sovereigntyC . Freedom of contract and international recognitionD . National sovereignty and international recognitionView AnswerAnswer: C Explanation: International trade law is based on...