Logistics involves planning, implementing, and controlling the __________ of materials and final goods from points of origin to points of use to meet __________ at a __________.
a. transportation; inventory requirements; low cost
b. physical flows; customers needs; profit
c. inventory; order specifications; defined cost
d. shipment; inventory levels; profit
e. movement; production requirements; high level of efficiency
Question 2People who are guided by the views and behaviors of others are called _____.
A) policy makers
B) low-self monitors
C) ethicists
D) high-self monitors
E) cord-cutters
Question 3According to the text, Amex Inc is an example of which type of middleman?
a. Export management company c. Webb-Pomerene exporter
b. Manufacturer's export agent d. Import jobber
Question 4Which of the following is an internal challenge faced by the transfer pricing policies?
a. The motivation of those affected by the pricing policies of the corporation.
b. Relations between the corporation and tax authorities in host countries.
c. Locating manufacturing facilities in different parts of the world which has high productivity, and low additional costs.
d. Control and coordination of global and regional pricing.
Question 5Because the UCC calls for full compensation for a party that is a victim of breach of contract, attorneys' fees are collectible.
a. True
b. False
Indicate whether the statement is true or false
Question 6Moving merchandise immediately from the receiving area in the warehouse directly to trucks for shipment to stores without storing the merchandise in the warehouse is referred to as:
a. Immediate transfer.
b. Non-storage shipping.
c. Cross-referencing of inventory.
d. ECR.
e. Cross-docking.
Question 7Which of the following is an activity of export management companies?
a. Setting up a foreign sales corporation in the home country for export purposes
b. Representing the company at trade shows.
c. Managing greenfielding companies.
d. Export management companies provide all of the above activities.
Question 8David buys his favorite brand of chocolates every time he goes shopping. On the other hand, his friend, Alex, asks other's opinions while buying chocolates. In this scenario, David is a _____.
A) policy maker
B) low-self monitor
C) spokesperson
D) high-self monitor
E) cord-cutter
Question 9When one partner is operating in a low-inflation environment and the other in an environment of rampant inflation, which of the following can be done?
a. Transfer prices can be adjusted for the opposite effects of taxes and duties which is a delicate balancing act.
b. The effect of environmental influences in overseas markets can be alleviated by manipulating transfer prices at least in principle.
c. Artificial tax-avoidance schemes can be avoided by paying taxes and duties in every country of operation.
d. Transfer prices can be adjusted to balance the effects of fluctuating currencies.
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