Incoterms Study guides, Class notes & Summaries

C 5. Which of the following parties receive documents for collection from the exporter? A. Drawee B. Principal C. Remitting bank D. Presenting bank B 8. Which brings the most risk for exporter? A. Cash in advance B. D/A C. D/P F Remitting bank, collecting bank under Documentary Collection have an undertaking/commitment to pay to the exporter. A An issuing bank is irrevocably bound by the terms of the amendment as of the time: A. the issuing bank issues the amen...

Logistics Management - ANSWER-The discipline responsible for the movement, routing, distribution, transportation, and coordination activities that apply to goods delivery and/or service performance. Mode - ANSWER-The type of average that indicates the most frequent instance of a number or happening. The number in a distribution that occurs most frequently. Carload - ANSWER-The minimum weight, as defined by law, of a shipment entitled to a reduced freight rate. The shipment amount that fill...

Trademark word, name, symbol, or device that is used with goods to indicate the source of the goods and to distinguish from the goods of others. constructive acceleration requirement that a contractor complete its work by a date earlier than one that would reflect the time extensions to which it's entitled because of an excusable delay. price analysis process of examining & evaluating a price without the evaluation of the separate cost elements and proposed profit of the offero...

NIGP CPP Focus Areas 4-7 Combined Exam With 100% Correct Answers 2023 Logistics Management The discipline responsible for the movement, routing, distribution, transportation, and coordination activities that apply to goods delivery and/or service performance. Mode The type of average that indicates the most frequent instance of a number or happening. The number in a distribution that occurs most frequently. Carload The minimum weight, as defined by law, of a shipment entitled ...

L4M8 CIPSABC Analysis - correct answer A technique used to categories suppliers into three groups of decreasing value. A Group - 10-15% of your suppliers, but 80% of the spend. B Group - represent 20-25% of your suppliers, but only 15% spend. C Group - Represent 60-70% of your suppliers, but only 5% of the spend. Breakers - correct answer A company that buys decommissioned machinery and strips it of useful parts to then sell on. Business Case - correct answer A document containing ...

Role of BUYER / IMPORTER in Finances the Transaction? a. Needs funds for production and the period before payment is received, and prefers that the seller finance the transaction b. Prefers that the seller bear the credit risk and wants to make certain that he receives the goods once he has paid c. Needs funds for payment and during the period before resale of goods, and prefers that the seller finance the transaction d. Prefers that the buyer bear the credit risk and wants to make certain h...

Industrial purchasing exam questions And Answers, Verified Solution Name the six different stages of vW's purchasing process model and their main activities/elements Determining specification Different types of specifications are functional, technical, quality, maintenance, logistics, legal, budget, etc. Selecting supplier 8 steps: (1) choosing between turnkey or partial subcontracting, (2) using the purchase order specification to form the bidder’s long list, (3) send out RFI to these...

The ability of a company to address the needs of and inquiries and requests from customers refers to: on-time delivery. customer service. order fill rates. customer relationship management. - Answer customer service.: Customer service is the ability of a company to address the needs of and inquiries and requests from customers. Which of the following is included in the cost of goods sold? Standard cost General and administrative expenses Revenue Overhead - Answer Overhead: The cost of...