Hello I am working on my logistics review and I need help with this questions, I

Question

Hello I am working on my logistics review and I need help with this questions, I would really apprecite it if someone can help me with this questions.

Thank you in advance

International Logistics

1. The ratio of merchandise exports to world domestic product today is approximately ____ percent (within five percent).

a. 45

b. 35

c. 25

d. 15

2. What do we call a system of accounts that records a country's international financial transactions?

a. Tariffs

b. Balance of payments

c. Import/ export accounts

d. Currency fluctuations

3. A ____ specifies country(ies) in which a product is manufactured and can be required by governments for control purposes or by an exporter to verify the location of manufacture.

a. Commercial invoice

b. Shipper's export declaration

c. Consular document

d. Waybill

e. None of the above

4. Incoterms have traditionally been revised approximately_______.

a. Every 25 years

b. Every 20 years

c. Every 10 years

d. Every 5 years

5. ______ distinct international methods of payment exist.

a. An unlimited number of

b. 10

c. 6

d. 4

6. ____ act as the export sales department for a manufacturer.

a. International freight forwarders

b. Shippers associations

c. Export management companies

d. Export trading companies

7. Shipping conference refer to ____.

a. annual meetings of large international shippers

b. the same thing as shippers' associations

c. cartels of ocean vessel operators operating between certain trade areas

d. water ports that are located in the same geographic area

8. Integrated air carriers:

a. are those that own several modes of transportation

b. utilize the services of scheduled airlines

c. own all their vehicles as well as pick up and delivery facilities

d. perform transportation in tightly linked supply chains.

Explanation / Answer

1. The ratio of merchandise exports to world domestic product today is approximately ____ percent (within five percent).

Ans: 15% ( to be precise 13.8%)

2. What do we call a system of accounts that records a country's international financial transactions

Ans:Import/Export Accounts

3. Ans: Commercial Invoice

4. Ans:c Every 10 yrs

5. Ans:4 ( Cash on order, Cash on Delivery, Documentary Credit, open account)

6. Ans Export Management Companies

7. Ans a.Meeting of large international shippers

8. Ans: a.Those that own their own several modes of transportation

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.