Supply Chain Final Exam (CH 9-12)

When an international shipment reaches the US, the Importer of Record must file entry documents at the port of entry. The goods are not legally entered into US commerce until all of the following criteria are met, EXCEPT? The estimated tariffs or duties have been paid. The shipment has arrived within the port of entry. The Shippers Export Declaration (SED) has been submitted to CBP. Delivery to the shipping destination has been authorized by CBP following submission and review of required documentation.

The shipper's export declaration (SED) has been submitted to CBP

The release of technology (or the source code for technology) which is subject to Export Administration Regulations, to a foreign national (i.e., non-US citizen) located within the United States, is known as? Deemed Export Technology Export Shippers Export Declaration Technology Transfer

Deemed Export

U.S. Customs and Border Protection is part of what U.S. Federal Department? Department of Commerce Department of Transportation Department of Justice Department of Homeland Security

Department of Homeland Security

Two models that utilize quantitative data, to help determine the attractiveness of one location versus another, are the Break-Even Model and the Extrapolated Average Cost Model True False

False

A company selected as the lead logistics partner charged with managing the activities of all the company's logistics partners, is known as? Secondary Logistics Provider Fourth Party Logistics provider Primary Logistics Provider Third-Party Logistics Provider

Fourth party logistics provider

Which one of the following is NOT a transportation pricing consideration? Implicit Service Terms of Sale Cost of Service Value of Service

Implicit Service

Which transportation mode has the lowest per unit cost? Water Air Rail Pipeline Truck

Pipeline

Which transportation mode is the most reliable? Air Pipeline Truck Water Rail

Pipeline

Which of the following modes of transportation has the most capability (i.e. can handle the most different kinds of freight in terms of volume, variety, and weight)? Pipeline Truck Rail Air

Rail

Reverse logistics involves the process of moving a product from the point of customer receipt back to the point of origin. Which one of the following is NOT one of the Five R's of Reverse Logistics? Repackaging Repairs Returns Reconciliation Recalls Recycling

Reconciliation

Which of the following is NOT one of the twelve pillars of competitiveness? Goods Market Efficiency Infrastructure Technological Readiness Regional Trade Agreements

Regional Trade Agreements

A right-to-work law allows employees to decide for themselves whether or not they want to join or financially support a union True False

True

Break-Bulk is the term used to describe when a warehouse receives a single large shipment and then separates that shipment into individual deliveries going to multiple destinations. True False

True

Tariffs or duties are taxes imposed by governments on imported goods True False

True

The US Department of Homeland Security is responsible for preventing the entry of terrorists and the instruments of terrorism, and ensuring the efficient flow of lawful traffic and commerce True False

True

The Weighted-Factor Rating Model is one of the methods used to compare the attractiveness of several global locations along a number of quantitative and qualitative dimensions. True False

True

Which of the following modes of transportation can be characterized as being inexpensive, very slow and inflexible, and good for transporting very heavy, very bulky, and containerized cargo? Motor/Truck Air Water Pipeline

Water

The international agency that administers trade agreements, facilitates trade negotiations, and helps to resolve trade disputes, is? Regional Trade Association International Trade Federation World Trade Organization

World trade organization

Reverse Logistics involves the process of moving a product from the point of origin to the point of consumption to recapture value or ensure proper disposal (true/false)

false

The greater the desired customer service level is, the more warehouses the company may need to have, but the tradeoff is maintaining a higher inventory level True False

true