Question 1) Data collection in real time can happen when you use: TEU

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Question 1) Data collection in real time can happen when you use:

TEU.

ULD.

ERP.

CIF.

Question 2

The four basic warehouse operations, in chronological order, are:

a. invoicing, selecting for orders, transfer to storage, loading for shipment.

b. receiving, transfer to storage, selecting for orders, and loading for shipment.

c. distributing, invoicing, unloading for orders, and selecting for shipment.

d. invoicing, loading for shipment, selecting for storage, and transfer to shipping.

Question 3

Which of the following international freight markings would you be the least likely to see?

"Radioactive"

"Keep Frozen"

"Fragile - Whisky Bottles"

"This Side Up"

Question 4

On a combination aircraft, or "combi":

a. the main deck is shared between freight and passengers.

b. short term demand fluctuations are resolved with wet leases.

c. the owner of the plane and the shipper will combine costs to reduce shipping prices.

d. both IATA and ICAO guidelines are combined and equally enforced

Question 5

The transportation mode that typically refers to the "last mile" of a journey is usually:

truck.

train.

air.

marine.

Question 6

Cargo consisting of boxes and pallets that is placed directly onto a ship is known as:

breakbulk.

drayage.

cabotage.

LCL.

Question 7

Consolidating shipments and holding inventory are the primary functions of:

a tractor/trailer combination.

a warehouse.

dunnage.

a container.

Question 8

"Demurrage" is:

a. short distance movement of cargo between different transportation points in the same city.

b. compensation paid for the detention of vessels or cargo containers.

c. a shipping quantity that is less than a truckload or car load.

d. the material used to keep the contents in a container from shifting during transit.

Question 9

Important measures under ISPS include:

a. centre of gravity loading and the use of a desiccant.

b. termperature control for both isolated units and large volume holds.

c. inventory holding and shipment consolidation.

d. controlled access and secure communications.

Question 10

The best way to measure the cargo capacity of an airline is to use:

FTKs.

passenger kilometres.

miles per gallon.

TEUs.

Question 11

When goods from different shippers are mixed together in one marine container in order to maximize the use of that container, it is known as:

FCL.

NVOCC.

LCL.

VLCC.

Question 12

The organization that was heavily involved in the initial implementation of the ship and port security code was:

CT-PAT.

the IMO.

the FAST.

P in P.

Question 13

Cabotage refers to:

a. the need to minimize costs of moving goods while ensuring that customer demands are satisfied.

b. customs clearance based on the transaction value of goods as stated on the bill of lading.

c. customs clearance based on the transaction value of goods as stated on the commercial invoice.

d. transport between two points in one country by a carrier registered in a different country.

Question 14

3PL is:

a practice that limits the number of ports a foreign ship can visit when entering US waters.

a letter of credit based on a pro-forma invoice.

a practice where a company outsources logistics functions to another company.

a special deep-water loading dock with service to three separate pipelines.

Question 15

"WIP" is:

World Inventory Project.

Water Insurance Protection.

inventory associated with warranty protection.

items in the process of being manufactured.

Question 16

Placing cargo directly in the hold of a ship without any packaging is known as:

bulk cargo.

careless and irresponsible.

LCL cargo.

breakbulk cargo.

Question 17

You call customs officials in Hamilton for help in classifying some shoes that you are importing from your uncle's footwear factory in Hungary. The official refers you to XII (a Roman numeral) in the HS Code for guidance. This official has given you:

a heading.

a section number.

a statistical annotation.

a chapter.

Question 18

The most flexible of the transportation modes, with respect to routes and delivery, tends to be:

air.

rail.

water.

truck.

Question 19

How many digits are in the HS number used for importing product into Canada?

8

6

12

10

Question 20

C-TPAT:

helps improve the security of the US border.

is a program to reduce immigration fraud.

is a technique used by airport security screeners during baggage and body inspection.

is a form of expedited payment using Canadian bank databases.

Question 21

The country of Podnia has a duty of $5 on every garden shovel imported into the country. The value of the shovels is not part of the duty calculation. This appears to be:

an MFN tariff.

a tariff rate quota.

a specific duty.

an ad valorem duty.

Question 22

If an HS number can be represented as 12.34.56.78.90, then Canadian and US tariff classification codes will likely differ at:

5,6,7,8,9, and 0.

3,4,5,6,7,8,9, and 0.

7,8,9, and 0.

9 and 0.

Question 23

Pipelines are a popular way of shipping:

electricity.

oil and gas products.

perishable food and beverages.

electricity and electronic products.

Question 24

The speed and safety of air travel is best for transporting:

bulky, low value, and fragile goods.

high value, fragile, or perishable goods.

perishable, low density, large volume shipments.

containerized , time-insensitive goods over short distances.

Question 25

The Canadian program that most closely resembles C-TPAT is called

NEXUS.

ISPS.

PIP.

FAST.

Question 26

The step in the scheduling process known as "exploding" involves:

a. using lead times to determine when to begin manufacturing individual components.

b. subtracting the number of available components from the number of finished parts.

c. creating a purchasing schedule from the manufacturing lead times.

d. using the BOM to examine each individual component.

Question 27

Shich of the following does not need to be done prior to warehouse storage?

Counting or measuring.

Transport to storage.

Inspection.

Picking.

Question 28

Lead times are most important for which step in the production scheduling process?

Offsetting.

Exploding.

Holding.

Netting.

Question 29

You have been hired by a maritime carrier as a new sales trainee. You are unfamiliar with the type of goods that are being shipped by your company, but you remember this from your logistics class:

a. Three quarters of global trade is in finished consumer goods.

b. Intermediate semifinished products account for only five percent of global trade.

c. Ninety five percent of global trade is in oil and energy products.

d. Most global trade is in raw materials and semifinished goods.

Question 30

Collapsible containers are being developed because:

the USA wants to continue using Imperial measures, and collapsible containers will force them to use metric standards.

the use of containers is declining in favour of break-bulk shipments.

empty containers take up too much room on a backhaul.

the current container design is too weak for heavier loads.

Question 31

A ULD is:

a type of ship that is designed with ultra low decks to save weight.

lighter than a marine container and shaped to fit aircraft contours.

a Uniform Logistics Document.

required whenever a truck must make three or more different deliveries in a single trip.

Question 32

Which of the following items is the least important when trying to determine the tariff rate on an imported good?

When the goods were purchased.

Where the goods are from.

The type of goods that are being imported.

The value of the goods.

Question 33

One issue that is not a concern when using 3PL is:

your service levels being equated with the service levels of your supplier.

losing control of the process.

the certain cost increase.

the loss of customer contact.

Question 34

RPQ makes airbag canisters for SUVs. These canisters are made from aluminum extrusions that have unique specifications and require special testing. Prior to ordering more extrusions, inspectors from RPQ must certify the supplier's ability to meet specifications and do three times the level of normal testing. These costs are part of:

shortage costs.

carrying costs.

holding costs.

ordering costs.

Question 35

The conveyance used for road transportation that is typically at the front of a load, and provides power and steering, is known as:

the stern.

a trailer.

a tractor.

the bow.

Question 36

An outsourced service to address your logistics needs would be:

WIP.

EOQ.

3PL,

RFID.

Question 37

An aircraft lease where the owner provides only the airplane to the lessee, who is responsible for all other costs, is known as:

a wet lease.

an ACME lease.

a dry lease.

an ACMI lease.

Question 38

Product protection, marketing, and ease of handling are all primary functions of:

LCL cargo.

value for duty.

packaging.

the HS Code.

Question 39

The security program involving registration and preclearance of the shipper, the carrier, and the driver, is:

CSI.

FAST.

IMO.

ISPS.

Question 40

An inventory storage system that depends on product characteristics to determine the inventory location is known as:

a fixed inventory system.

a zoning inventory system.

an efficient procurement inventory system.

a memory inventory system.

Question 41

Inventory carrying cost is:

the forecast amount of product demanded in one year.

the actual amount of product demanded in one year.

the cost of holding the annual inventory investment.

revenue lost from not meeting customer demands.

Question 42

You are interested in a career in the aviation industry. A good place to gather data because it is the association for the airline industry is:

IMO.

ISO.

ISPS.

IATA.

Question 43

Long distance pipelines are mostly used for transporting:

information systems.

bulk cargo.

communication systems.

energy products.

Question 44

If an empty container weighs 1,500 lbs. and is then loaded with 20,000 lbs. of goods:

the tare weight is 1,500 lbs.

the GVW is 20,000 lbs.

the LTL is 21,500 lbs.

the cargo weight is 18,500 lbs.

Question 45

EOQ, in the context of International Logistics, stands for:

environmental operational quality.

export ocean quota.

economic order quantity.

export order quotient.

Question 46

Boomers is a company that uses copper wire and plastic to make stereo speakers. Boomers' inventory of speakers would be considered as:

S & R inventory.

consumables inventory.

raw material inventory.

finshed product inventory.

Question 47

While there are many variables to consider, generally the four major transportation modes can be ranked as follows from the least expensive to the most expensive service:

road, rail, water, air.

rail, water, air, road.

water, rail, road, air.

air, rail, water, road.

Question 48

The maximum weight that a truck can haul:

is a decision made between the shipper, the carrier, and the customer.

is decided by different governments and road authorities, depending on the jurisdiction.

is limited by the weight that a tractor can pull.

is limited by the size of the trailer that can be manufactured.

Question 49

A disadvantage of electronic data collection is:

the entire supply chain is not visible.

it is difficult to aggregate data.

duplicate data entries will increase.

it can be expensive.

Question 50

A Canadian customs officer is trying to establish the value for duty of a bookcase that contains a built-in chair and a reading light. Since it is such an unusual product, she looks at the retail price of the product in Canada, and starts to consider the profit margin, transportation, and local marketing costs. Which of the following value for duty alternatives is she likely using?

Deductive Method.

Computed Method.

Transaction Value of Similar Goods Method.

Transaction Value Method.