Global Logsitcs - Fall 2023 - End-of-Semester Review

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Across
  1. 3. The Heckscher-Ohlin Theory holds that countries that have an abundance of certain resources enjoy an absolute or comparative advantage over other countries. Which of the following is NOT one of the factors that Heckscher and Ohlin considers scarce?
  2. 5. The liability of a single P&I club is limited to_____ million dollars
  3. 8. A government will use a(n) _____ to attempt to control the export of national treasures or antiques
  4. 10. Who was the person who popularized the idea of sea-going containers that could be loaded directly onto a ship, a truck, or a railroad car?
  5. 11. DRP(Distribution Requirements Planning) is a system that allows manufacturers, wholesalers, and retailers of consumer products to manage their inventory “just-in-time:” DPR works as a_____ system
  6. 13. A legal dispute in which the loser bears court costs is said to be operating under
  7. 15. Which of the following is an emerging element of international logistics, according to the author, although it is fully part of domestic logistics, according to the CSCMP?
  8. 16. America USMCA is a free-trade agreement between the countries of
  9. 18. International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world?
  10. 21. The importer’s bank is called the
  11. 22. A firm can respond to one of its competitors’ introduction of a lower-priced product by starting to produce its own lower-cost product abroad and importing it. Such a strategy is called
  12. 23. Which of the following entities was created at the Bretton Woods Conference of 1944?
Down
  1. 1. The most sensitive issue in an international distribution contract between an exporter and an agent/distributor is
  2. 2. An international logistician cannot possibly learn all of the cultural subtleties of a particular country; however, in order to avoid frustrations and difficulties, it would be advisable that s/he study
  3. 4. As ships move through the Panama Canal, the locks they traverse use an inordinate amount of water, because of the canal’s ______
  4. 6. What is the name of the portion of an international shipment that takes place in the exporting country?
  5. 7. power Contracts contain a force majeure clause which dissolves the contract in the event of a major unforeseen event, like a ship sinking in a storm. Loosely translated, force majeure means
  6. 9. The fee a licensee pays a licensor for each use of an intellectual property is called a(n)
  7. 11. In its relationship with an agent, an exporter is known as the
  8. 12. Another name for sea-going containers is
  9. 14. Credit terms can be considerably lengthened through
  10. 17. The risk resulting from possible fluctuations in currency exchange rates is called
  11. 19. Until the end of the twentieth century, international trade was mostly concentrated among the developed countries of the Northern Hemisphere. Which country was the largest exporter of the world in 2019?
  12. 20. One of the first problems faced by an international logistics manager has to do with