Fall 2020 Questions 1 Do the freight forwarder must inform the customer about ____________ A) Risks of operation B) Currency risk C) Bottlenecks in the transportation route D) globalization dynamics 2 How can you define a freight forwarder? A) An intermediary B) A Transport company C) A government institutional stakeholder D) A designer of a global solution for the customer 3 Who needs to prepare the transportation documents? A) The Origin Custom Agent B) The Freight forwarder C) The importer D) The cargo ship carrier 4 Does Global supply chain includes all of these, but one not. Which is the one not included in it. A) Consolidation warehouses B) Transference terminals C) The Chamber of International Commerce D) Origin custom 5 What are incoterms? A) A law in the majority of countries B) A convention adopted for several countries C) A standardization of operation that assign responsibilities for the seller and buyer D) A non-contractual rule for the freight forwarder to follow. 6 - Zagreb Inc., a transnational energy company, negotiates a multimillion- dollar contract with the government to provide electricity to Pilladia in Italy. Which type of incoterm must be used for that operation. A) Ex-work B) FOB C) CIF D) None of them IBM 1005 transportation and International Trade Dr. Eduardo M. V. Jasson Fall 2020 7 Who must pay for international sea transportation in the case of FOB operations? A) The buyer B) The seller C) the custom agent D) None of them 8 Who must pay for insurance in a DDP operation? A) The seller B) The Freight Forwarder C) The transport company D) The Customer 9 A Marginal cost pricing must not consider_______________. A) The cost of manufacturing B) the % of sale price paid to the distributor in a foreign country C) The domestic advertising cost D) The foreign market advertising 10 Which is not a topic that is considered in a chapter of Incoterms? A) Proof of delivery B) Negligence law terms C) Provision of goods D) transfer or risk