Summer Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: exc65

In the context of a global supply chain network strategy, what are some sources of disruption? (Select ALL that apply)

A.

Weather events and natural disasters

B.

Exchange rate volatility

C.

Industrial disputes and strikes

D.

Rapid product obsolescence

E.

Economic and political instability

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.

Co-located programs focus on manufacturing, while distributed programs focus on distribution.

A multinational technology company operates in a highly competitive industry with rapidly changing technology. They release new product versions frequently, and their products have short lifecycles. Which of the following global logistics strategies would be most suitable for this company?

A.

Dynamic and flexible supply chain network

B.

Centralized inventory management

C.

Traditional organizational structure

D.

Static supply chain network

In the context of virtual centralization for information dissemination in a global supply chain, what is one of the challenges commonly associated with this approach?

A.

Reduced risk of duplication

B.

Perception of the virtual team as 'gatekeepers'

C.

Greater recognition of value delivered by the team

D.

Increased ease of establishing information technology standards

A manufacturing company is considering outsourcing its logistics and supply chain management operations to a third-party service provider. They want to focus on business development and sales. Which of the following advantages is most likely to attract the company to using a third-party logistics (3PL) provider?

A.

Management of every aspect of the supply chain.

B.

Establishment of a joint venture with supply chain partners.

C.

Ability to extend services beyond transportation and warehousing.

D.

Cost savings and low capital and asset commitment.

Which document provides reassurance to all parties in an international transaction and serves as a promise issued by a bank on behalf of the importer to pay for goods and services?

A.

Choice of currency

B.

Credit terms

C.

Certificate of origin

D.

Documentary letter of credit (LC)

What technology allows consumers to check inventory online and track shipments while they are in transit?

A.

Universal product code (UPC)

B.

Barcode scanning

C.

Electronic data interchange (EDI)

D.

Internet of Things (IoT)

Peter, an international trade negotiator, is involved in discussions about creating a new international trade agreement. The agreement will cover emerging issues related to internet technologies and e-commerce. In the context of Peter's negotiations, how should the treatment of precedent be approached in new branches of international law, such as internet technologies and e-commerce?

A.

Precedent should be treated as a primary source of international law.

B.

Precedent should always be followed without exception.

C.

Variable and flexible use of precedent can be beneficial.

D.

Precedent should be disregarded entirely to encourage flexibility.

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.

Which factors can be used to calculate the duty on imported goods in international trade? (Select ALL that apply)

A.

The weight and dimensions of the goods

B.

The value of the goods based on the invoice value

C.

The country from which the goods are imported

D.

The country's currency used for payment

E.

The type of goods based on the harmonized system of classification