Question : 21.The shipper’s export declaration: a.may be a negotiable instrument in that : 1318331

21.The shipper’s export declaration:

a.may be a negotiable instrument in that it may be endorsed to other parties or may be nonnegotiable.

b.acknowledges receipt of the goods, represents the basic contract between the shipper and the carrier, and serves as evidence of title to the goods for collection by the purchaser.

c.is the most important document to the shipper, the carrier, and the buyer.

d.is a document that states proper authorization for export and serves as a means for governmental data-collection efforts.

22.Which of the following acts as an agent for the marketer in moving cargo to an overseas destination?

a.International customs broker

b.International freight forwarder

c.Consignee

d.Stevedore

23.The expense of maintaining inventories is called _____.

a.inventory sunk costs

b.inventory marginal costs

c.inventory carrying costs

d.inventory opportunity costs

24.Which of the following minimizes the volume of inventory by making it available only when it is needed for the production process?

a.Lean manufacturing

b.Total productive maintenance

c.Just-in-time

d.Six Sigma

25.Which of the following best describes order cycle time?

a.The total lifespan of a product ranging from production to consumption

b.The total time that passes between the placement of an order and the receipt of the merchandise

c.The total time spent in transit by an ordered product

d.The period between departure and arrival of the carrier

26.Which of the following is true about order cycle time?

a.In domestic marketing, the order cycle is frequently longer than in international business.

b.Order transmission times remain the same internationally irrespective of the mode of communication used.

c.The international marketer should attempt to increase the consistency without an increase in total costs.

d.The international marketer should attempt to increase order cycle time without an increase in total costs.

27.International inventories can be used by the international corporation as a strategic tool in dealing with currency valuation changes or in hedging against inflation. Which of the following statements is true?

a.By decreasing inventories before an imminent devaluation of a currency instead of holding cash, a corporation may reduce its exposure to devaluation losses.

b.In the case of high inflation, holding small inventories provides an important inflation hedge.

c.If an increase in tax payments outweighs the hedging benefits to a corporation, the firm needs to increase inventories before devaluation occurs.

d.The international inventory manager must balance the cost of maintaining high levels of inventories with the benefits accruing to the firm from hedging against inflation or devaluation.

28.Which of the following is a method for classifying products that are most sensitive to delivery times?

a.Economic impact analysis

b.ABC analysis

c.Cost-benefit analysis

d.CPM analysis

29.Which of the following statements is true of “A” products in an ABC analysis?

a.They are products that are stocked in all distribution centers, and safety stock levels would be kept high.

b.They are products for which immediate delivery is not urgent.

c.They are products that are stored only at selected distribution centers around the world.

d.They are products for which short delivery time is not important and hence they are stocked only at headquarters.

30._____ refers to the shifting of traditional corporate activities to parties outside of the firm and often outside of the country.

a.Expediting

b.Outsourcing

c.Warehousing

d.Onshoring