LSCM 4360 TEST ONE STUDY GUIDE QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026
active exporting - Answers When a firm realizes that it wants to exploit the possibilities that sales
abroad can bring, and decides to become directly involved in its exporting activities, it is said to be
involved in
royalty - Answers The fee a licensee pays a licensor for each use of an intellectual property is called
a(n)
complementary - Answers Agents usually sell more than one product and represent more than one
company. The products they sell are
Contract manufacturing - Answers _____ is not truly a method of entry into a country for an
exporter.
piggy-backing - Answers A customer of a firm enters a foreign market by setting up a manufacturing
facility. It tells its suppliers that they will need to supply parts for assembly at the manufacturing
facility and for customer service. Therefore, the suppliers are engaged in what kind of exporting?
the importer of record. - Answers When a company has a subsidiary in a foreign country, as far as the
foreign country's government is concerned that subsidiary is
None of the above - Answers An intermediary that purchases goods in the exporting country and
resells them to a customer in a foreign country is called a(n)
50, 15 - Answers A foreign sales corporation is a device used by U.S. exporters to reduce taxes. To
qualify, the goods exported must have _____ percent U.S. content. This results in a tax reduction of
_____ percent.
agent. - Answers An exporter has the most control over its foreign sales through a(n)
None of the above - Answers The customs status of a maquiladora is similar to that of
cranes being unable to reach across post-Panamax ships. - Answers Post-Panamax ships have
resulted in
how goods are packaged. - Answers Warehouse infrastructure of a country may determine
it links the Great Lakes to the Saint Lawrence River and the Atlantic Ocean - Answers Among
characteristics of the Saint Lawrence Seaway is/are
leap frogging. - Answers Because some countries have poor traditional telephone services,
companies and consumers have resorted to
developed widths between the rails (gauges) different from those of the rest of Europe. - Answers As
a defense measure to keep invading military troops from using their railroads, Spain and Russia
all of the elements in place to facilitate transportation, communication, and business exchanges -
Answers Of the following, the best definition of a logistics infrastructure would be that it consists of
infrastructure - Answers One of the first problems faced by an international logistics manager has to
do with
D + 1 - Answers in the European Union, the goal for mail delivery sent to a national address is
many cities have old leaky pipes. - Answers Regarding water availability in the infrastructure
cellular telephones. - Answers In countries with poor traditional telephone services, communications
infrastructure has rapidly been developed through
an emphasis on customer satisfaction - Answers Which one was NOT one of the characteristics of the
"early days" of logistics?
boxes - Answers Another name for sea-going containers is
stevedores - Answers The individuals who are handling goods in the ports, loading and unloading
merchandise, are called
superstructure differences - Answers Which of the following is NOT among the challenges of
international logistics?
All of the above - Answers Companies increasingly are designing products so that they can gain a
competitive advantage through reverse logistics. Returned products are
increased probability of a company being selected as a supplier, by reducing delivery times - Answers
The increased usage of air transport for international trade has had which consequence?
interest rates - Answers In the 1980s, companies started to manage their inventories much more
closely than they had in the 1960s and 1970s. This was due to an increase in
delivering the goods on the day and at the time promised. - Answers it is not unusual for companies
shipping to large manufacturers and retail chains to be penalized financially (not receiving the full
invoice amount) for not
active exporting - Answers When a firm realizes that it wants to exploit the possibilities that sales
abroad can bring, and decides to become directly involved in its exporting activities, it is said to be
involved in
royalty - Answers The fee a licensee pays a licensor for each use of an intellectual property is called
a(n)
complementary - Answers Agents usually sell more than one product and represent more than one
company. The products they sell are
Contract manufacturing - Answers _____ is not truly a method of entry into a country for an
exporter.
piggy-backing - Answers A customer of a firm enters a foreign market by setting up a manufacturing
facility. It tells its suppliers that they will need to supply parts for assembly at the manufacturing
facility and for customer service. Therefore, the suppliers are engaged in what kind of exporting?
the importer of record. - Answers When a company has a subsidiary in a foreign country, as far as the
foreign country's government is concerned that subsidiary is
None of the above - Answers An intermediary that purchases goods in the exporting country and
resells them to a customer in a foreign country is called a(n)
50, 15 - Answers A foreign sales corporation is a device used by U.S. exporters to reduce taxes. To
qualify, the goods exported must have _____ percent U.S. content. This results in a tax reduction of
_____ percent.
agent. - Answers An exporter has the most control over its foreign sales through a(n)
None of the above - Answers The customs status of a maquiladora is similar to that of
cranes being unable to reach across post-Panamax ships. - Answers Post-Panamax ships have
resulted in
how goods are packaged. - Answers Warehouse infrastructure of a country may determine
it links the Great Lakes to the Saint Lawrence River and the Atlantic Ocean - Answers Among
characteristics of the Saint Lawrence Seaway is/are
leap frogging. - Answers Because some countries have poor traditional telephone services,
companies and consumers have resorted to
developed widths between the rails (gauges) different from those of the rest of Europe. - Answers As
a defense measure to keep invading military troops from using their railroads, Spain and Russia
all of the elements in place to facilitate transportation, communication, and business exchanges -
Answers Of the following, the best definition of a logistics infrastructure would be that it consists of
infrastructure - Answers One of the first problems faced by an international logistics manager has to
do with
D + 1 - Answers in the European Union, the goal for mail delivery sent to a national address is
many cities have old leaky pipes. - Answers Regarding water availability in the infrastructure
cellular telephones. - Answers In countries with poor traditional telephone services, communications
infrastructure has rapidly been developed through
an emphasis on customer satisfaction - Answers Which one was NOT one of the characteristics of the
"early days" of logistics?
boxes - Answers Another name for sea-going containers is
stevedores - Answers The individuals who are handling goods in the ports, loading and unloading
merchandise, are called
superstructure differences - Answers Which of the following is NOT among the challenges of
international logistics?
All of the above - Answers Companies increasingly are designing products so that they can gain a
competitive advantage through reverse logistics. Returned products are
increased probability of a company being selected as a supplier, by reducing delivery times - Answers
The increased usage of air transport for international trade has had which consequence?
interest rates - Answers In the 1980s, companies started to manage their inventories much more
closely than they had in the 1960s and 1970s. This was due to an increase in
delivering the goods on the day and at the time promised. - Answers it is not unusual for companies
shipping to large manufacturers and retail chains to be penalized financially (not receiving the full
invoice amount) for not
