A logistics company operates 10 distribution centers in China totaling 20 million square meters of floor space.
Based on the typical utilization factors, how many total square meters are devoted to storage?

• A.15 million
• B.10 million
• C.20 million
• D.5 million

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Which Incoterm applies only to ocean transportation where the exporter is responsible to bring the goods to the port?

• A.Free on board (FOB)
• B.Ex works (EXW)
• C.Free alongside ship (FAS)
• D.Delivered at place (DAP)

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While designing a logistics network, which of the following actions does a manager need to complete in order to identify the key logistics goals and perform benchmark analysis?

• A.Complete a facility location study
• B.Define process steps
• C.Examine network alternatives
• D.Conduct a supply chain audit

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A major retailer has informed a product manufacturer that they must take back all of their dunnage. The manufacturer's major decision in implementing reverse logistics will most likely be to:

• A.increase the selling price to the retailer to cover increased costs.
• B.reduce packaging materials to save money but risk more damage.
• C.manage the process internally or outsource to a third party.
• D.take back the dunnage or tell the retailer to destroy it all.

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According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?

• A.The exporting country produces the product utilizing less labor than other countries.
• B.The exporting country's productivity is higher in producing the good than the productivity of other countries.
• C.The exporting country's wage rate in producing the good is lower than in other countries.
• D.The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.

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