1|Page
SCMN 3730 EXAM 3 NEWEST ACTUAL EXAM
COMPLETE 70 QUESTIONS AND CORRECT DETAILED
ANSWERS||VERIFIED EXAM!! (VERIFIED ANSWERS)
|ALREADY GRADED A+||NEWEST EXAM!!!
_________ are internally recognized commercial terms
that describe the responsibilities of the buyer and seller in
the agreement of transportation - ANSWER-Incoterms
__________________:
Designed to prevent companies from making questionable
or illegal payments to foreign government officials,
politicians, and political parties to secure or retain
business - ANSWER-U.S. Foreign Corrupt Practices Act
_____________ are additional costs over and above
domestic sourcing
--> base price, tooling, packaging, escalation,
transportation, customs duty, taxes, insurance premiums,
fees & commissions, port terminal & handling fees,
customs broker fees, communication costs, payment
terms, payment & currency fees, inventory carrying costs -
ANSWER-International transaction costs
,2|Page
The U.S. Foreign Corrupt Practices Act is a form that
documents the additional costs that must be considered
when sourcing globally - ANSWER-False
(International Transaction Costs are additional costs that
must be considered when sourcing globally)
This is a secure U.S> location approved by CBP and
allows importing company to delay, eliminate, or decrease
its duty payment on foreign-produced goods that enter the
zone site - ANSWER-Foreign Trade Zone (FTZ)
These are advantages of...
1. Duty Exemption: no duties or quota charges will be
placed on goods that are reexported from here
2. Duty Deferral: allows the importer to improve cash flow
by postponing payment of duties and tariffs until the
imported goods are withdrawn from here
3. Inverted Tariff: occurs when goods produced here have
a lower duty rate than the imported components that
compromise the finished goods upon withdrawal from here
4. Streamlined Customs Procedures: weekly reporting
5. Reduced State/Local Inventory Taxes - ANSWER-
Advantages of Foreign Trade Zones (FTZ)
,3|Page
In the sourcing maturity model, which level is this?
___________: Establishing (Grouped with International
Purchasing)
1. International purchasing part of strategic sourcing
2. Recognize that a properly executed worldwide sourcing
strategy can result in major improvements
3. Strategies at this level are not well coordinated across
worldwide buying locations., operating centers, functional
groups, or business units
a. Level 1
b. Level 2
c. Level 3
d. Level 4 - ANSWER-Level 3
In the sourcing maturity model, which level is this?
__________: Advancing (Grouped with Global Sourcing)
1. Integration and coordination of global sourcing
strategies across worldwide business units
2. Integration is primarily cross-locational not cross-
functional
a. Level 1
, 4|Page
b. Level 2
c. Level 3
d. Level 4 - ANSWER-Level 4
Which term describes Level 3 in the sourcing maturity
model?
a. Level 3: Basic (Domestic Purchasing)
b. Level 3: Developing (International Purchasing)
c. Level 3: Establishing (International Purchasing)
d. Level 3: Advancing (Global Sourcing) - ANSWER-Level
3: Establishing (International Purchasing)
Which term describes Level 4 in the sourcing maturity
model?
a. Level 4: Basic (Domestic Purchasing)
b. Level 4: Developing (International Purchasing)
c. Level 4: Establishing (International Purchasing)
d. Level 4: Advancing (Global Sourcing) - ANSWER-Level
4: Advancing (Global Sourcing)
SCMN 3730 EXAM 3 NEWEST ACTUAL EXAM
COMPLETE 70 QUESTIONS AND CORRECT DETAILED
ANSWERS||VERIFIED EXAM!! (VERIFIED ANSWERS)
|ALREADY GRADED A+||NEWEST EXAM!!!
_________ are internally recognized commercial terms
that describe the responsibilities of the buyer and seller in
the agreement of transportation - ANSWER-Incoterms
__________________:
Designed to prevent companies from making questionable
or illegal payments to foreign government officials,
politicians, and political parties to secure or retain
business - ANSWER-U.S. Foreign Corrupt Practices Act
_____________ are additional costs over and above
domestic sourcing
--> base price, tooling, packaging, escalation,
transportation, customs duty, taxes, insurance premiums,
fees & commissions, port terminal & handling fees,
customs broker fees, communication costs, payment
terms, payment & currency fees, inventory carrying costs -
ANSWER-International transaction costs
,2|Page
The U.S. Foreign Corrupt Practices Act is a form that
documents the additional costs that must be considered
when sourcing globally - ANSWER-False
(International Transaction Costs are additional costs that
must be considered when sourcing globally)
This is a secure U.S> location approved by CBP and
allows importing company to delay, eliminate, or decrease
its duty payment on foreign-produced goods that enter the
zone site - ANSWER-Foreign Trade Zone (FTZ)
These are advantages of...
1. Duty Exemption: no duties or quota charges will be
placed on goods that are reexported from here
2. Duty Deferral: allows the importer to improve cash flow
by postponing payment of duties and tariffs until the
imported goods are withdrawn from here
3. Inverted Tariff: occurs when goods produced here have
a lower duty rate than the imported components that
compromise the finished goods upon withdrawal from here
4. Streamlined Customs Procedures: weekly reporting
5. Reduced State/Local Inventory Taxes - ANSWER-
Advantages of Foreign Trade Zones (FTZ)
,3|Page
In the sourcing maturity model, which level is this?
___________: Establishing (Grouped with International
Purchasing)
1. International purchasing part of strategic sourcing
2. Recognize that a properly executed worldwide sourcing
strategy can result in major improvements
3. Strategies at this level are not well coordinated across
worldwide buying locations., operating centers, functional
groups, or business units
a. Level 1
b. Level 2
c. Level 3
d. Level 4 - ANSWER-Level 3
In the sourcing maturity model, which level is this?
__________: Advancing (Grouped with Global Sourcing)
1. Integration and coordination of global sourcing
strategies across worldwide business units
2. Integration is primarily cross-locational not cross-
functional
a. Level 1
, 4|Page
b. Level 2
c. Level 3
d. Level 4 - ANSWER-Level 4
Which term describes Level 3 in the sourcing maturity
model?
a. Level 3: Basic (Domestic Purchasing)
b. Level 3: Developing (International Purchasing)
c. Level 3: Establishing (International Purchasing)
d. Level 3: Advancing (Global Sourcing) - ANSWER-Level
3: Establishing (International Purchasing)
Which term describes Level 4 in the sourcing maturity
model?
a. Level 4: Basic (Domestic Purchasing)
b. Level 4: Developing (International Purchasing)
c. Level 4: Establishing (International Purchasing)
d. Level 4: Advancing (Global Sourcing) - ANSWER-Level
4: Advancing (Global Sourcing)
