Exploring Global Logistics and Trade

Exploring Global Logistics and Trade

Assessment

Flashcard

Business

12th Grade

Hard

Created by

Dr. Naveen Kumar MS

FREE Resource

Student preview

quiz-placeholder

18 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is the primary goal of supply chain management?

Back

To optimize the flow of goods, information, and finances in the supply chain.

2.

FLASHCARD QUESTION

Front

Which document is essential for customs clearance?

Back

Bill of Lading

3.

FLASHCARD QUESTION

Front

Name one major international trade agreement.

Back

North American Free Trade Agreement (NAFTA)

4.

FLASHCARD QUESTION

Front

What is logistics optimization?

Back

Logistics optimization is the process of enhancing logistics operations to improve efficiency and reduce costs.

5.

FLASHCARD QUESTION

Front

How does risk management apply to international trade?

Back

Risk management applies to international trade by identifying and mitigating risks associated with currency fluctuations, political instability, and compliance issues.

6.

FLASHCARD QUESTION

Front

What is the purpose of a bill of lading?

Back

The purpose of a bill of lading is to document the receipt of goods for shipment and outline the terms of transport.

7.

FLASHCARD QUESTION

Front

What are Incoterms and why are they important?

Back

Incoterms are important because they standardize trade terms, clarify responsibilities, and minimize misunderstandings in international shipping.

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?