TLMT 342 International Logistics Management: TLMT342 Quiz 2 | answered latest summer 26.

TLMT 342 International Logistics Management: TLMT342 Quiz 2 | answered latest summer 26. Question 1 10 / 10 points A legal dispute in which the loser bears court costs is said to be operating under ___. Question options: common law European rules contract law arbitration None of the above Hide question 1 feedback Feedback Rationale: European rules is a custom in which the loser bears court costs. REF: 5-6 Question 2 10 / 10 points An agreement between an exporter and an agent/distributor may state that the laws of the exporter’s country apply to governing of the contract. This can be complicated by ___. Question options: the practice of many exporters to bribe the judges in their home countries a shortage of lawyers in the exporter’s home country it being illegal for the exporter to make such an agreement the government of the country where the agent/distributor is located, as it may saythe contract None of the above Hide question 2 feedback Feedback Rationale: The importing country’s government may protect agents/distributors under la REF: 5-3 Question 3 10 / 10 points Unless otherwise specified, contracts between an exporter and an agent and contracts between an exporter and a distributor are called ___. Question options: contract law labor law common law distribution contracts None of the above Hide question 3 feedback Feedback Rationale: Contract law and labor law are too limited to apply in this case, and common l Distribution contracts is an agreement between the parties in the absence of specifics. REF: 5-3a Question 4 10 / 10 points The choice of the Incoterm is almost always the decision of the ___.Question options: importer agent exporter distributor None of the above Hide question 4 feedback Feedback Rationale: Agents and distributors are importers, so in this case, these terms are essenti they do not select the choice of Incoterm. REF: 6-3 Question 5 10 / 10 points Electronic Data Interchange (EDI) has changed what issue in Incoterms? Question options: who pays for insurance who pays for import clearance documentation of delivery All of the above None of the above Hide question 5 feedbackFeedback Rationale: Exporters can send an Electronic Data Interchange (EDI) notice that acts as a parties. REF: 6-17 Question 6 10 / 10 points Under the Delivered Duty Unpaid Incoterm, unloading costs are borne by the ___. Question options: railroad ship line exporter harbor None of the above Question 7 10 / 10 points International commercial risk can be evaluated by ___. Question options: credit report companies factoring housessome accounting firms, insurance companies, and banks All of the above None of the above Hide question 7 feedback Feedback Rationale: All of these organizations can be sources of international commercial risk eva REF: 7-3b Question 8 10 / 10 points A standby letter of credit is similar to a “simple” letter of credit except for ___. Question options: it generally has a much longer validity period it usually applies to more than one shipment from the exporter to the importer it allows the exporter to extend an open account to the importer, using the letter of importer doesn’t meet its obligations All of the above None of the above REF: 7-6dQuestion 9 10 / 10 points Stable countries representing the greatest percentage of world trade all have ___ currencies. Question options: pegged volatile floating call None of the above Hide question 9 feedback Feedback Question 10 10 / 10 points Among the companies that are exposed to risks in currency fluctuation are ___. Question options: firms that do not evaluate international currency transaction risks clearly firms that do not follow a specific policy on currency exchange firms that have management that is not well-versed in the intricacies of internation All of the aboveNone of the above Hide question 10 feedback