TLMT 342: Exam/ TLMT342 International Logistics Management final exam | completed latest 100% summer 26.

American Military University TLMT 342 International Logistics Management Final Exam 2026. Question 1 2.5 / 2.5 points World trade in services represents a higher percentage of total world trade than does world trade in merchandise. Question options: True False Hide question 1 feedback Feedback Tables 1-1 through 1-3 Question 2 2.5 / 2.5 points International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest exporter of the world? Question options: United States Germany China Japan Hide question 2 feedback Feedback REF: 1-3: Figure 1-3 Germany is the largest exporter in the world, and exports about 12% more than the Unit more than China.Question 3 2.5 / 2.5 points A firm can respond to one of its competitors’ introduction of a lower-priced product by starting to produce its own lower-cost product abroad and importing it. Such a strategy is called: Question options: in sourcing foreign investment just-in-time outsourcing None of the above Hide question 3 feedback Feedback REF: 1-4a Outsourcing is the process of manufacturing abroad in order to lower production costs. Question 4 2.5 / 2.5 points Russia can produce 25 tons of steel or 15 chairs using the same amount of resources. Using the exact same amount of resources, India can produce 18 tons of steel and 12 chairs. According to the theory of comparative advantage, the countries will trade with each other. What will Russia produce? Question options: Steel ChairsSome steel and some chairs Impossible to determine with the information given None of the above Hide question 4 feedback Feedback REF: 1-5b Russia has a comparative advantage in making chairs; it costs Russia 0.6 tons of steel to costs India 0.67 tons of steel to make a chair. Russia makes chairs more efficiently than i countries will trade as long as the price of chairs is higher than 0.6 tons of steel (otherwi and lower than 0.67 tons of steel (otherwise India will not buy). Question 5 2.5 / 2.5 points Which of the following is not an element of international logistics, according to the authors, although it is a part of domestic logistics? Question options: Reverse logistics The management of transportation The management of inventories The management of paperwork None of the above Hide question 5 feedback Feedback REF: 2-2a and 2-3The definition of the CLM (CSCMP) includes specifically the management of reverse flow logistics), and the definition of David and Stewart does not mention it. The others (flow, s information) are present in both definitions. Question 6 2.5 / 2.5 points Which of the following is not among the challenges of international logistics? Question options: Infrastructure differences Insurance complexities Superstructure differences Paperwork requirements None of the above Hide question 6 feedback Feedback REF: 2-5 All others are specifically mentioned, but “superstructure” is not, and is a term referring part of a ship located above the main deck. Question 7 2.5 / 2.5 points MRP, MRP II, and DRP are inventory management techniques that allow manufacturers to reduce their shipment times (the time that goods spend in transit). Question options: True FalseHide question 7 feedback Feedback REF: 2-1c; Box: “Materials Requirement Planning” Question 8 2.5 / 2.5 points According to the authors, Supply Chain Management includes both domestic and international logistics activities; there is no practical way of distinguishing between domestic supply chain management and international supply chain management. Question options: True False Hide question 8 feedback Feedback REF: 2-4 Question 9 2.5 / 2.5 points There are sometimes problems with electrical supply in: Question options: Sub-Sahara Africa Saudi Arabia some parts of a developed country like the United States All of the above None of the aboveHide question 9 feedback Feedback REF: 3-4a All of these areas have had electrical supply problems, including California. Question 10 2.5 / 2.5 points Because work in modern ports goes so fast, there is no need for warehousing space. Question options: True False Hide question 10 feedback Feedback REF: 3-2a Question 11 2.5 / 2.5 points Of the following, the best definition of a logistics infrastructure would be that it consists of: Question options: all of the elements in place to facilitate transportation, communication, and busines a country’s electrical supply and road network the amount of computerization a country has a developed banking systemNone of the above Hide question 11 feedback Feedback REF: 3-1 A country’s electrical supply and road network, the amount of computerization a country banking system are incomplete answers. Question 12 2.5 / 2.5 points For security reasons, many companies are switching their mail deliveries to private services like DHL or FedEx. Question options: True False Hide question 12 feedback Feedback REF: 3-3a Question 13 2.5 / 2.5 points An exporter has the most control over its foreign sales through a(n): Question options: sales or marketing subsidiary export trading company export management company agentdistributor Hide question 13 feedback Feedback An export trading company and a distributor provide the least amount of control over for take title to the goods and resell them themselves; an export management company and more control for the exporter since they do not take title of the goods, yet they make the REF: 4-2a, 4-2b, 4-3a, 4-3b, 4-3d Question 14 2.5 / 2.5 points Joint ventures were developed as ways to partner with a politically wellconnected company in a foreign country to help prevent things like nationalization of a foreign company by the host government. Question options: True False Hide question 14 feedback Feedback REF: 4-4d Question 15 2.5 / 2.5 points Because of action by the World Trade Organization to lower tariffs in the future, there should be an increase in the importance of Foreign Trade Zones. Question options: True FalseHide question 15 feedback Feedback REF: 4-7a Question 16 2.5 / 2.5 points Attempts to reduce business practices that include corruption and bribery have been made by the: Question options: W.O.F.E. sogo shosha Organization for Economic Cooperation and Development foreign labor laws that protect agents None of the above Hide question 16 feedback Feedback W.O.F.E. is a wholly-owned foreign enterprise. A sogo shosha is a Japanese trading comp are not normally designed to address corruption and bribery in international trade. REF: 4-7c Question 17 2.5 / 2.5 points Under the Uniform Commercial Code (UCC), when a buyer agrees to an offer made by a seller, but indicates a desire for a different schedule of delivery or term of payment, such a response is considered to be a rejection of the offer. Question options: TrueFalse Hide question 17 feedback Feedback REF: 5-2a Question 18 2.5 / 2.5 points In most Middle Eastern countries, agents and distributors are not required to be nationals of the country. Question options: True False Hide question 18 feedback Feedback REF: 5-3b Question 19 2.5 / 2.5 points The most sensitive issue in an international distribution contract between an exporter and an agent/distributor is: Question options: termination advertising territories product lineNone of the above Hide question 19 feedback Feedback Termination can have legal repercussions if it is not done right. In addition, a spurned fo can wreak havoc with future marketing efforts by the exporter and/or its new agent/distr REF: 5-5 Question 20 2.5 / 2.5 points Lex Mercatoria is: Question options: a major calamity like a storm or other natural disaster. the Uniform Commercial Code common law trade law made up of a multitude of different sources of law and jurisprudence None of the above Hide question 20 feedback Feedback A major calamity like a storm or disaster is force majeure; the Uniform Commercial Code the United States, common law is judge-made law. REF: 5-1 Question 21 2.5 / 2.5 points While on the surface Incoterms determine who pays what when, ultimately the _____ directly or indirectly pay(s) the costs of transportation and international shipping.Question options: importer exporter customs office All of the above None of the above Hide question 21 feedback Feedback The importer ultimately pays since any costs the exporter pays will be built into the price REF: 6-3 Question 22 2.5 / 2.5 points Under the ancient maritime custom regarding Free on Board, if a piece of cargo breaks loose while crossing the ship’s rail and lands on the ship, it becomes the responsibility of: Question options: the exporter the importer. the harbor master All of the above None of the aboveHide question 22 feedback Feedback If the cargo lands on the ship it is the responsibility of the importer. If it falls back on the responsibility of the exporter. The ship’s rail is the dividing point. REF: 6-7a Question 23 2.5 / 2.5 points An Incoterm expressed as “CIP Sofia, Bulgaria, Incoterms 2000” means that under Incoterms as of 2000, the goods are “Carriage and Insurance Paid” to Sofia, Bulgaria, where the importer will take control of them Question options: True False Hide question 23 feedback Feedback REF: 6-11 Question 24 2.5 / 2.5 points The Incoterm CPT means “Cargo Placed at Terminal.” Question options: True False Hide question 24 feedback Feedback REF: 6-10Question 25 2.5 / 2.5 points Among other reasons, international transactions are perceived to have more risk of non-payment because of: Question options: a lack of credit information a lack of personal contact no easy legal recourse All of the above None of the above Hide question 25 feedback Feedback Each of these reasons makes international transactions more complex than domestic tran REF: 7-1 Question 26 2.5 / 2.5 points A transaction method in which an exporter conducts its international business similar to the way it and most companies would conduct domestic business is through: Question options: an open account a letter of credit a documentary collection cash in advanceNone of the above Hide question 26 feedback Feedback While there may be instances of demanding cash in advance or even a letter of credit, in offer open accounts in their domestic transactions. Documentary collections are not nece transactions. REF: 7-5a Question 27 2.5 / 2.5 points In a letter of credit, the credit-worthiness of the exporter is substituted for the credit-worthiness of the importer. Question options: True False Hide question 27 feedback Feedback REF: 7-6a Question 28 2.5 / 2.5 points The responsibilities of the presenting bank in the importing country generally stop at notifying the importer that the documents have arrived and at requesting that the importer endorse the draft or at requesting payment before releasing the documents. This is called trade acceptance Question options: TrueFalse Hide question 28 feedback Feedback REF: 7-7e Question 29 2.5 / 2.5 points If the exporter and the importer agree that a transaction will be in the currency of the exporter’s country, the exporter then bears all the risks of exchange rate fluctuation. Question options: True False Hide question 29 feedback Feedback REF: 8-1a Question 30 2.5 / 2.5 points Some currencies are traded in the futures’ market as “commodities.” Question options: True False Hide question 30 feedback Feedback REF: 8-2a Question 31 2.5 / 2.5 pointsAn options market hedge is, in effect, an insurance policy against unfavorable exchange rate fluctuations Question options: True False Hide question 31 feedback Feedback 8-5d Question 32 2.5 / 2.5 points International exchange rates began to float Question options: in 1971 at the end of the gold standard and it changed the role of the International Monetary Fund All of the above None of the above Hide question 32 feedback Feedback The gold standard ended in 1971 and exchange rates began to float. Prior to that time, th fixed exchange rate system. REF: 8-6b Question 33 2.5 / 2.5 pointsA consular invoice can be considered a nontrade barrier. Question options: True False Hide question 33 feedback Feedback REF: 9-2c Question 34 2.5 / 2.5 points A certificate of manufacture is similar to a certificate of origin. Question options: True False Hide question 34 feedback Feedback REF: 9-4b Question 35 2.5 / 2.5 points Besides a contract and a receipt for goods, an ocean bill of lading is: Question options: a certificate of title a substitute for a certificate of insurance an IncotermAll of the above None of the above Hide question 35 feedback Feedback Answers “a substitute for a certificate of insurance” and “an Incoterm” are bogus. REF: 9-5a Question 36 2.5 / 2.5 points EDI is Question options: electronic Data Interchange an electronic exchange of documents from computer to computer. based upon a legal agreement between sender and recipient All of the above None of the above Hide question 36 feedback Feedback Answers a, b, and c all apply. REF: 9-6a Question 37 2.5 / 2.5 points One of the most complex areas of international logistics is international insurance. Question options:True False Hide question 37 feedback Feedback REF: 10-2 Question 38 2.5 / 2.5 points Most piracy occurs near Northwest Asia Question options: True False Hide question 38 feedback Feedback REF: 10-3j Question 39 2.5 / 2.5 points Air cargo can be damaged because cargo pilots do not maneuver or fly as gently as passenger pilots do Question options: True False Hide question 39 feedback Feedback REF: 10-4Question 40 2.5 / 2.5 points A letter of credit usually requires Question options: an open ocean cargo policy a special cargo policy a certificate of insurance All of the above None of the above Hide question 40 feedback Feedback A letter of credit usually requires a certificate of insurance. The answers “an open ocean special cargo policy” are not directly relevant in this case. REF: 10-7a