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Which types of goods and contracts are NOT subject to the CISG? (Select ALL that apply)
Which types of goods and contracts are NOT subject to the CISG? (Select ALL that apply)A . Sale of ships or aeroplanesB . The sale of stocks and sharesC . Goods for private consumption and use such as personal effectsD . Bonds and investment securitiesE . Auctioned goodsView AnswerAnswer: A,...
In the context of a global supply chain network strategy, what are some sources of disruption? (Select ALL that apply)
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 disastersB . Exchange rate volatilityC . Industrial disputes and strikesD . Rapid product obsolescenceE . Economic and political instabilityView AnswerAnswer: A, B, C, E Explanation:...
What is a key factor that organizations need to consider when making decisions about the location of distribution centers (DC) as part of their global logistics strategy?
What is a key factor that organizations need to consider when making decisions about the location of distribution centers (DC) as part of their global logistics strategy?A . The size of the distribution centersB . The impact on inventory flow and efficiencyC . The choice of transportation modesD . The...
Which of the following technologies are transforming the role of distribution centers within the supply chain network? (Select all that apply)
Which of the following technologies are transforming the role of distribution centers within the supply chain network? (Select all that apply)A . Facility managementB . Blockchain technologyC . Voice pickingD . Detection systemsE . Semi-autonomous machinesView AnswerAnswer: A, C, D, E Explanation: Voice picking: Uses speech recognition for efficient order...
What are common methods of payment used in international trade? (Select ALL that apply)
What are common methods of payment used in international trade? (Select ALL that apply)A . Telegraphic transferB . Mail transferC . Banker's draftD . Debit card paymentE . Documentary letter of credit (LC/LOC)View AnswerAnswer: A, B, C, E Explanation: Common payment methods in international trade include telegraphic transfer, mail transfer,...
What term best describes this strategic shift?
A multinational corporation decides to divest ownership of its subsidiaries, vendors, and suppliers to focus on product strategy. What term best describes this strategic shift?A . FragmentationB . Vertical disintegrationC . OutsourcingD . IntegrationView AnswerAnswer: B Explanation: Vertical disintegration occurs when corporations divest their ownership of subsidiaries and suppliers to...
What is the potential negative consequence they should be cautious about?
A large organization wants to reduce its logistics costs and increase productivity by implementing economies of scale and batching in its operations. What is the potential negative consequence they should be cautious about?A . Decreased cost efficiencyB . Bullwhip effectC . Increased information flowD . Reduced automationView AnswerAnswer: B Explanation:...
What forms can governmental incentives take to encourage investment in infrastructure and export industries in a region?
What forms can governmental incentives take to encourage investment in infrastructure and export industries in a region?A . Grants and subsidiesB . Tax credits and tax rebatesC . Tax holidays and investment allowancesD . All of the aboveView AnswerAnswer: D Explanation: Governmental incentives can take multiple forms, including grants, subsidies,...
Which technology is increasingly being used in storage and handling systems to manage material flows and operations efficiently?
Which technology is increasingly being used in storage and handling systems to manage material flows and operations efficiently?A . Manual laborB . Traditional inventory management softwareC . Artificial intelligence (AI) and machine learningD . Paper-based systemsView AnswerAnswer: C Explanation: AI and machine learning enhance efficiency in storage and handling by...
What does the concept of separability of the flow of goods and the flow of ownership refer to?
What does the concept of separability of the flow of goods and the flow of ownership refer to?A . It signifies the ability to distinguish between the ownership of goods and their physical location.B . It highlights the importance of independent suppliers in foreign countries.C . It implies that multinational...
