CLTD

CLTD practice questions, page 11 of 14, with answer review and explanations.

Question 51

Which of the following outcomes of warehouse operations is the most critical in designing a warehouse?

  1. Optimizing product flow
  2. Minimizing warehousing cost
  3. Increasing inventory counting
  4. Maximizing automation

Question 52

Which of the following terms of payment should an international purchasing manager use to guarantee that the shipment is made and the shipper gets paid for their product?

  1. Letter of credit
  2. Open account
  3. Sight draft
  4. Cash in advance

Question 53

A document that serves as a contract, a receipt, and a certificate of title in an international transaction is known as a:

  1. certificate of origin
  2. manifest
  3. packing list
  4. bill of lading (B\L)

Question 54

The international commercial document that serves as a quote to obtain a letter of credit or an import license is called a(n):

  1. commercial invoice
  2. pro forma invoice
  3. export license
  4. consular invoice

Question 55

A vessel operating under the threat of piracy or hostile military action is protected by the:

  1. United Nations (UN) military forces.
  2. country closest to the vessel at the time of attack.
  3. shipping company registry.
  4. naval forces of the flag of registry.