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* 1. Participant's Name

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* 2. INCOTERMS are designed to standardize the contractual terms of international trade. They establish the responsibility of both the buyer and seller and it's open to interpretation as the case may be.

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* 3. WHEN the consignee pays less freight than the consignor pays to ship the cargo it is termed as

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* 4. In the supply chain of an organization procurement is an outbound activity

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* 5. Which of the following is NOT a bullwhip effect

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* 6. Physical distribution is an outbound activity in the supply chain that interfaces with suppliers.

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* 7. In SCM, the business decision to cohabit in the same location by Mr. Biggs and Mobil filling station to do business is termed as

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* 8. One of the following is Not an inventory cost

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* 9. What is the most critical logistics function in the banking business from the following

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* 10. As a lead consultant on a cost-cutting project for long-term savings and profitability, you will advice all the following change initiatives except one

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* 11. Key performance indicators are performance metrics measured against a standard called

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* 12. The Bill of Lading performs all the following except

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* 13. DAF in INCOTERMS stands for

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* 14. When you facilitate a buyer and seller to transact business you are a

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* 15. A logistics network controlled and administered only from one location like the HQrs is a

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* 16. There are 4 basic ways a firm ensures that a logistics-related biz function is executed, ONE is NOT below

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* 17. ICC in marine insurance is an acronym for

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* 18. TEU in shipping stands for

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* 19. In marine insurance, any loss or damage due to insured perils that is less than a total loss is called average. One of the following is not a type of average

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* 20. Cargo stowed directly into ships hold not in a container or in bulk form is Called

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* 21. COGSA is a marine legal document that means;

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* 22. Which of the following statements is true

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* 23. Imported products into a country for re-export either in same or a different form is entitled to

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* 24. IATA IS AN Acronym for;

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* 25. A warehouse that serves as an inventory coordination point rather than as an inventory storage point for less than 15 hours is

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* 26. Demurrage is a charge paid by

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* 27. As a new shipping manager of a new oil & gas company which of the following types of vessel will you recommend for the importation of your core products.

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* 28. An order size that minimizes the combined storage and processing cost is

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* 29. One of the following is NOT a protective function of packaging

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* 30. The reduction of materials inventories to exactly what is required for a given run of production so that suppliers deliver only materials that are 100% satisfactory in quality is a concept called

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* 31. Only one of the following statements is true

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* 32. A letter of credit is a guarantee that the seller will be paid

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* 33. The Exporter usually initiates the LC application and it's issued by the importer's bank

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* 34. A guaranteed negotiable letter of credit is when the amount involved is reinstated when utilized i.e. the amount becomes available again without issuing another LC

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* 35. In market research secondary research use all except one of the following

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* 36. Price quotation is also called a commercial invoice

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* 37. In SWOT Analysis which of the following statement is true

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* 38. The following makes finding the best system-wide or globally optimal integrated solution difficult except for one

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* 39. In the centralized versus decentralized system one of the following statements is untrue

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* 40. In forecasting one of the following is not a rule

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* 41. To cope with the Bullwhip effect, reducing variability in consumer demand is a strategy you can best achieve it with. One of the following pricing methods reduces variability in demand.

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* 42. Reverse logistics is all of the following except one

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* 43. Bullwhip effect builds up inventory most in the “shop floor” along the supply chain

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* 44. The bullwhip effect can be minimized by one of the following

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* 45. Some of the motivations for outsourcing are the following except one

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* 46. One of the following concepts is incorrectly defined

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* 47. The seller must pay insurance from point of delivery to an agreed destination under the following INCOTERMS

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* 48. One of the following is not a part of the three major components of a

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* 49. Warehousing and distribution center cost includes three main components. Which one is NOT part of them.

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* 50. The three most important strategic alliances in SC are as follows except One.

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* 51. Only one of the following acronyms for BOL is correct

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