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Question 1 (2 points)Purchasing
materials for manufacture or sale from foreign suppliers is known as exporting
trading.
Question 2 (2 points)Global
companies are more successful if they are able to develop strategies that
simultaneously enable them to achieve their business objectives at business
locations throughout the world.
Question 3 (2 points)Intermodalism
is the joint use of two or more transportation modes.
Question 4 (2 points)Global
logistics managers have learned that it is more effective to use one mode
of transportation for a shipment, from origin to destination, than to break
the transport up into two or more modes.
Question 5 (2 points)The
use of land transportation for a portion of a container's voyage refers
to land or micro bridge service.
Question 6 (2 points)International
Sourcing is located in Liverpool, England and is shipping an order to Yokohama,
Japan. The shipment goes by container ship to Charleston, South Carolina,
where the containers are off-loaded onto rail cars for transport to Seattle,
Washington. There, the containers are loaded onto a container ship for
transport to Yokohama. This shipment involves the use of a landbridge.
Question 7 (2 points)Ad
volorem custom duties are import duties stated as a percentage of the commodities
weight or number of items.
Question 8 (3 points)Areas
within a country that the U.S. Custom Service treats as foreign territory
are known as foreign trade zones.
Question 9 (3 points)Madrid
Drum is a Spanish company that imports steel sheets from Japan to their
drum manufacturing plant in Daytona Beach, Florida. Madrid does not have
to pay the 10 percent duty on the imported sheets because U.S. customs
treats the plant area as foreign territory. The finished drums are then
moved into the U.S. market by paying the lower 3 percent rate for the finished
product. This arrangement is possible in the United States BECAUSE Madrid
has secured the services of a customs house broker. Is the reason true?
Question 10 (4 points)Global
markets have developed because of?
Question 11 (4 points)Which
of the following best distinguishes global marketing from multi-national
marketing?
Question 12 (4 points)Which
are the major modes of international transportation?
Question 13 (4 points)Which
is a major category of ocean shipping?
Question 14 (4 points)Which
is the main advantage of international air transport?
Question 15 (4 points)Which
conditions must be present before motor carriers and rail carriers can
be used for international shipments?
Question 16 (4 points)International
air freight has the disadvantage of:
Question 17 (4 points)Which
type of strategic global channel intermediary provides expert advice to
small international shippers, consolidates small shipments, and perform
routine actions shipments require?
Question 18 (4 points)Which
global strategic channel intermediary consolidates and breaks down containers
which contain a number of different shipments that originate at or terminate
at inland points?
Question 19 (4 points)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 manufactures. Overseas purchases $50000 of Gemini's products
for sale on the intermediary market. Overseas is which type of global logistics
channel intermediary?
Question 20 (4 points)A
country's customs regulations have the objectives of providing revenue
and
Question 21 (4 points)Good
A is valued at $400, and is subject to an import duty of 10 percent. Which
type of import duty is assessed on Good A?
Question 22 (4 points)Customs
regulations raise revenue through the collection of import duties. Which
is not a means of determining the duty owed?
Question 23 (4 points)Sylvan
Exports plans to import 500 sets of dishes with a value of $500 a set.
The compound customs rate for this shipment is 8 percent of the value and
$35 for each set imported. How much customs duty will Sylvan have to pay
for this shipment?
Question 24 (4 points)Sinclair
Machinery imported 300 engines from a manufacturer in France. The import
duty paid was $1000. Finding no market for the engines, Sinclair reexported
the engines to Brazil, and applied for a drawback. How much of the paid
duty will Sinclair receive back?
Question 25 (10 points)Describe
the global transportation options available to the logistics manager.
Question 26 (10 points)Discuss
the ways governments influence global logistics and international trade.
Question 27 (50 points)***Attention:
This case requires you to write a short report to hand in SEPARATELY to
the Instructor. Thanks.**** Case 6-2 Casey-Lynn Corporation (pp. 218-219
in the textbook) The Casey-Lynn Corporation, a major producer of stereo
receiver equipment, is currently faced with a rapidly growing product line
and the inventory problems associated with a multiple product line Casey-Lyn's
president, Mary Lynagh, has decided to initiate a program to anlaze the
company's inventory requirement utilizing different inventory analysis
tools. The first phase of this program consists of an ABC analysis of the
company's product line (shown in the table). Ms. Lynagh has encountered
difficulties in deciding on the appropriate criteria to use in the classification
and in developing appropriate cutoff evels for each class of inventory.
To solve her dilemma, Ms. Lynagh has contracted the services of a logistics
consulting firm to perform the inventory analysis. Case Questions: If you
were employed by the consulting firm, how would you construct your method
of analysis? What criteria would you use? What cutoff levels? Be sure to
give explanations of the reasoning behind all of your decision and methods.
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