Question 1

Which is the main advantage of international air transport?

Accepted Answer

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Question 2

Which is a major category of ocean shipping?

Accepted Answer

Liner vessels are a major category of ocean shipping. These vessels operate on a regular schedule and carry cargo for multiple shippers. Other categories, such as passenger travel and exempt carriers, are not as significant in the context of ocean shipping. Common carriers, while also important, are a broader category that includes both liner vessels and other types of shipping services.

Question 3

From a customer service perspective,global markets and strategy have four important characteristics.Name them and select one to discuss.

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Question 4

Which category of ocean shipping offers common carrier service,sailing on set schedules over specified sea routes?

Accepted Answer

Liner service is a type of ocean shipping that offers common carrier service, sailing on set schedules over specified sea routes. It is characterized by regular and frequent departures and arrivals at fixed ports of call, making it ideal for cargo that needs to be delivered on a reliable and predictable schedule. Charter vessels, on the other hand, are vessels that are hired by a single customer for a specific voyage or period of time, while private vessels are owned and operated by individual owners for their own use. Demise charter vessels are vessels that are leased out along with the crew to the charterer, who assumes responsibility for maintenance and operation of the vessel.

Question 5

Which condition must be present before motor carriers and rail carriers can be used for international shipments?

Accepted Answer

Motor carriers and rail carriers are typically used for international shipments between adjacent countries due to the practicality and feasibility of land transportation across shared borders.

Question 6

What are the three phases of globalization? Pick one and discuss.

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Question 7

Goods can be stored in a bonded warehouse

Accepted Answer

Goods can be stored in a bonded warehouse for up to 3 years, as per customs regulations, allowing for deferred payment of duties until the goods are removed.

Question 8

The global logistics channel intermediary that supervises the movement of goods through customs and ensures that the documentation accompanying a shipment is complete and accurate is

Accepted Answer

A customs house broker is responsible for ensuring the accuracy and completeness of the documentation accompanying a shipment and supervising the movement of goods through customs. A foreign freight forwarder is responsible for arranging the shipment of goods, an export packer is responsible for packing goods for shipment, and a foreign trade specialist is responsible for providing advice on international trade. None of these roles specifically deal with customs clearance and documentation.

Question 9

Which type of strategic global logistics channel intermediary provides expert advice to small international shippers,consolidates small shipments,and performs routine actions that shipments require?

Accepted Answer

A foreign freight forwarder is a type of strategic global logistics channel intermediary that offers expert advice to small international shippers, consolidates small shipments, and performs routine actions that shipments require. They act as intermediaries between the shipper and various transportation services, such as carriers, customs agents, and warehouses. NVOCCs are carriers, and export packers specialize in packing and preparing goods for export. Customs house brokers specialize in customs clearance services.

Question 10

Discuss the impact of 9/11 on international logistics.

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Question 11

Discuss how companies and economies can increase their wealth.

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Question 12

Define and discuss NAFTA.

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Question 13

Discuss how our trading partners have changed in relation to their amount of trade with the U.S.

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Question 14

Which type of global logistics channel intermediary enables goods to move through customs more easily by knowing the materials and methods to use in constructing the most economical crate or container to hold goods for shipment?

Accepted Answer

Export packers are specialized intermediaries that handle the proper packing, crating, and labeling of goods for export, with knowledge of the materials and methods to use in constructing the most economical crate or container to hold goods for shipment. This knowledge can help goods move through customs more easily, reducing the risk of delays or damage during transit. Customs house brokers (A) specialize in customs regulations and procedures, NVOCCs (B) provide ocean freight transportation services, and export traders (C) act as intermediaries in international trade transactions.

Question 15

There are four modes used for international shipments.Name them,and discuss one mode's role in international logistics.

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Question 16

Which are the major modes of international transportation?

Accepted Answer

Water and air transportation are the major modes of international transportation for long-distance travel and shipping of goods. Rail and motor transportation may be used for domestic transport, but they are not as efficient for international travel.

Question 17

Define the difference between an Export Management Company and an Export Trading Company.Explain why a firm would want to use either.

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Question 18

Gemini products wishes to enter foreign markets but lacks the resources to do so.They evaluate their alternatives and approach Overseas Traders,LLC,a company that specializes in the foreign distribution of products of the type which Gemini manufacturers.Overseas purchases $50,000 of Gemini's products for sale on the international market.Overseas is which type of global logistics channel intermediary?

Accepted Answer

Overseas Traders, LLC specializes in the foreign distribution of products of the type which Gemini manufacturers, indicating that they are an export trading company.

Quiz 3: Global Supply Chains