POM TEST 2 QUESTIONS & ANSWERS VERIFIED
100% CORRECT!!
The thing to remember about INCOTERMS is that as you move away from E to F
to C to D, the ______ and ____ points move away from the Seller to the Buyer.
Answer - Delivery, risk
In the In-Transit Inventory Carrying Cost Model we ascertain an opportunity
cost associated with procuring an item but not having the utility of that item
while it is in transport. What proxy does the firm use to estimate this? The
Firm's _____. Answer - Cost of capital
Centroid models _______ give us optimal solutions. Answer - Never
Name both types of pilferage in supply chains Drew spoke of:
Causal; Systemic
Systemic; Dynamic
Constant; Variable
Dynamic; Constant
Stolen Goods; Damaged Goods Answer - Stolen Goods; Damaged Goods
In Supply Chain Management nomenclature, Containers purposefully tossed
overboard are called ___________; while containers lost due to storms at sea,
for example are called ___________
Jetsam; Maritime
Disposed; Lost
Jetsam; Flotsam
Flotsam; Jetsam
Incoterms; Bills of Lading Answer - Jetsam; Flotsam
, If I tender five containers to CMA/CGM carrier and the carrier loses all the
containers while in the shipyard - and before they are placed on board the ship
- what does CMA/CGM owe me?
$500.00
Nothing
$2500.00
Full Cost
Full Value Answer - 2500
Drew Spoke of a time when a number of Nike golf bags fell from a semi-truck
because the client had packed too many items into the truck and the truck hit
some rough roads in Eastern New Mexico causing the double-latch to jar open
and spill product on the highway. This is an example of what?
Inherent Defect
Carrier Fault
Act of God
Shipper Fault
Act of Public Enemy Answer - Shipper fault
A set of rules that are not law, but become legally binding when they are
referenced in a contract of sale. This particular set represents the latest edition.
US CODE
INTERNATIONAL FREE TRADE ZONE
INCOTERMS 2020
INCOTERMS 2025
INCOTERMS Answer - incoterms 2020
Drew spoke of a time when Roger Waters of the band Pink Floyd procured the
service of 20 additional trucks to go along with the private fleet the band
owned. They were commissioned to move stage and band equipment from a
100% CORRECT!!
The thing to remember about INCOTERMS is that as you move away from E to F
to C to D, the ______ and ____ points move away from the Seller to the Buyer.
Answer - Delivery, risk
In the In-Transit Inventory Carrying Cost Model we ascertain an opportunity
cost associated with procuring an item but not having the utility of that item
while it is in transport. What proxy does the firm use to estimate this? The
Firm's _____. Answer - Cost of capital
Centroid models _______ give us optimal solutions. Answer - Never
Name both types of pilferage in supply chains Drew spoke of:
Causal; Systemic
Systemic; Dynamic
Constant; Variable
Dynamic; Constant
Stolen Goods; Damaged Goods Answer - Stolen Goods; Damaged Goods
In Supply Chain Management nomenclature, Containers purposefully tossed
overboard are called ___________; while containers lost due to storms at sea,
for example are called ___________
Jetsam; Maritime
Disposed; Lost
Jetsam; Flotsam
Flotsam; Jetsam
Incoterms; Bills of Lading Answer - Jetsam; Flotsam
, If I tender five containers to CMA/CGM carrier and the carrier loses all the
containers while in the shipyard - and before they are placed on board the ship
- what does CMA/CGM owe me?
$500.00
Nothing
$2500.00
Full Cost
Full Value Answer - 2500
Drew Spoke of a time when a number of Nike golf bags fell from a semi-truck
because the client had packed too many items into the truck and the truck hit
some rough roads in Eastern New Mexico causing the double-latch to jar open
and spill product on the highway. This is an example of what?
Inherent Defect
Carrier Fault
Act of God
Shipper Fault
Act of Public Enemy Answer - Shipper fault
A set of rules that are not law, but become legally binding when they are
referenced in a contract of sale. This particular set represents the latest edition.
US CODE
INTERNATIONAL FREE TRADE ZONE
INCOTERMS 2020
INCOTERMS 2025
INCOTERMS Answer - incoterms 2020
Drew spoke of a time when Roger Waters of the band Pink Floyd procured the
service of 20 additional trucks to go along with the private fleet the band
owned. They were commissioned to move stage and band equipment from a
