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Which Incoterm® applies only to ocean transportation where the exporter is responsible to bring the goods to the port?

A.

Ex works (EXW)

B.

Free alongside ship (FAS)

C.

Free on board (FOB)

D.

Delivered at place (DAP)

A document that serves as a contract, a receipt, and a certificate of title in an international transaction is known as a:

A.

certificate of origin.

B.

manifest.

C.

packing list.

D.

bill of lading (B/L).

A pharmaceutical company makes drugs that control the spread of the influenza virus after outbreaks occur Deployment to outbreak areas requires a transportation mode that is fast and provides door-to-door connectivity. Which of the following modes of transportation should the company choose?

A.

Intermodal

B.

Truck

C.

Drone

D.

Air

Which of the following categories is a weakness of the rail systems'?

A.

Safety records

B.

Inflexible infrastructures

C.

Effects of the weather

D.

Routes from city centers

What may be the cause if the value of inventory is greater than the value of the net working capital?

A.

Receivables are too high.

B.

Cost of goods sold (COGS) is too high.

C.

Inventory is too high.

D.

High level of obsolescence.