question

Post-Panamax ships have resulted in

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Ports being able to handle more ships

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Runway size

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Determines the types of aircraft an airport can serve

question

The busiest cargo airport in the world is

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Hong Kong Chek Lap Kok

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For shippers handling non-containerized cargo, the capacity of a port's __ is a major factor in deciding which port through which to send a specific cargo

answer

Cranes

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An export management company earns its revenue through

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Sales commissions

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The determination of the appropriate method of entry does not depend on

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The problems with parallel imports/gray market

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A large company sets up a subsidiary abroad and informs its suppliers that they now have to deliver products to the subsidiary as well. Therefore, the suppliers are entered in international market by

answer

Piggy-backing

question

When manufacturing costs are lower abroad, when shipping costs are prohibitive, when domestic manufacturing capacity is reached, or when the product has significant intangible content, such as services, a company may consider

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Production abroad

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Usually, a distributor is located

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in the importing country

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When a firm realizes that it wants to exploit the possibilities that sales abroad can bring, and decides to become directly involved in its exporting activities, it is said to be involved in

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Active exporting

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Which of the following statements is TRUE

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The granting of rights to intellectual property owned by a company to another company for a fee is the definition of a licensing agreement between two corporations

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In the United States, attempts to reduce business practices that include corruption and bribery have been made by the

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The Foreign Corrupt Practices Act (FCPA)

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If an American cement company were to make an agreement with a cement producer in a foreign country to produce the American company's cement, this would be an example of

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Contract manufacturing

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The fee a licensee pays a licensor for each use of an intellectual property is called a

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Royalty

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An exporter has the most control over its foreign sales through a

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Sales or marketing subsidiary

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Courts generally look at two criteria to determine if a contract is international. Those criteria are

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Economic and judicial criteria

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An exporter's termination of a relationship with an agent/distributor on the basis of "convenience" is

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None of the above

question

Instead of using courts to settle disputes, an increasing number of contracts call for disputes to be settled by

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An arbitration panel

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Under the United Nations Convention on Contracts for the International Sale of Goods (CISG), which an offer is made

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It cannot be withdrawn by the buyer or seller before its expiration date

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Lex Mercatoria is

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Trade law made up of a multitude of different sources of law and jurisprudence

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In judging whether or not a contract has been breached, the Uniform Commercial Code (UCC) applies the principle of "perfect tender." This means that

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The goods and their delivery must exactly conform to what was written in the contract

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Unless otherwise specified, contracts between an exporter and an agent and contracts between an exporter and a distributor are called

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Distribution contracts

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If an international agreement between an exporter and an agent/distributor is considered to be

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An exclusive representative

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When an international distribution contract between an exporter and an agent/distributor is terminated for "just cause," in most cases the termination is made by the

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Exporter

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A termination of an international contract between an exporter and an agent/distributor can be made by

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Either of the parties

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Which of the following is one of the characteristics of Technology drivers

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Competition for talent and employees is worldwide

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When companies in the same industry, as well as their suppliers, concentrate in one geographic area, this represents theory of

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Porter cluster's Theory

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Which of the following entities was created at the Bretton Woods Conference of 1944

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International Monetary Fund

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Which of the following is an example of Market Drivers

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All of the above

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On occasion, a firm will respond to a competitor's move by retailing. 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 as a move is considered a

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Competition driver

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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

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Education

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According to the International Product Life Cycle Theory, the countries 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

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The country of innovation only

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A firm can respond to one of its competitors introduction of a lower-priced product by starting to produce its own lower-cost product abroad and importing it. Such a strategy is called

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Outsourcing

question

Russia can produce 25 tons of steel or 5 automobiles using the same amount of resources. Using the exact same amount of resources, India can produce 18 tons od steel and 3 automobiles. According to the theory of comparative advantage, the countries will trade with each other. What will Russia produce

answer

Automobiles

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The international environment presents challenges for the international logistician. Which aspect of the international business environment is most likely to create frustrations

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Cultural differences

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It is not unusual for companies shipping to large manufacturers and retail chains to be penalized financially (not receiving the full invoice amount) for not

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Delivering the right amount of goods on the day and at the time promised

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Which of the following statements is correct

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"Supply chain management" is now considered to include not only the management of all of the activities that are part of "logistics" but also the management of the relationships of company with its suppliers and customers

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The increased usage of air transport for international trade has had which consequence

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Increased probability of a company being selected as a supplier, by reducing delivery times

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In the 1980s, companies started to manage their inventories much more closely than they had in the 1960s and 1970s. This was due to an increase in

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Interest rates

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It is generally accepted that

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Supply chain management encompasses activities that are broader than those of logistics management

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In what way Just-In-Time is helping manufacturing companies

answer

Less inventory costs

question

Which of the following is NOT among the challenges of international logistics

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Superstructure differences

question

A German corporation is involved in the Grune Punkt program and recycles its final consumer packaging after the consumer has used the product. How are these types of activities called

answer

Reverse logisitcs

question

Logisticians concerns in historical development order have shifted from an emphasis on "slow, reliable deliveries" to one on "speed" and

answer

Customer satisfaction

question

Of the following, the best definition of logistics infrastructure would be that it consists of

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All of the elements in place to facilitate transportation, communication, and business exchanges

question

Which one of the following is NOT TRUE about port infrastructure

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The location of most ports do not limit their ability to expand

question

Factors contributing to the rise of U.S. freight railroads since about 1980 are

answer

Road congestion, concerns about pollution and noise, and development of the multi-modal container

question

Warehouse infrastructure of a country may determine

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How goods are packaged

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One of the first problems faced by an international logistics manager has to do with

answer

Infrastructure

question

Which of the following is not an example of a canal/waterway

answer

Great Lakes in Canada

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