CIPS A9 Exam Questions Instant Access - No Installation Required

Question 1

What is sometimes referred to as 'the lifeblood of international trade'?

AThe WTO

BThe Letter of Credit

CIncoterms

DThe Bill of Lading

Answer : A

Question 2

Which of the following is the principal goal of an international supply chain?

ATo move goods

BTo maintain stocks throughout the supply chain

CTo satisfy customer demand

DTo effectively dispose of waste.

Answer : A

Question 3

Which of the following statements refers to TIR shipments?

ATIR carnets are documents of title

BTIR vehicles are sealed to confirm the security of the load

CTIR containers can be transferred between transport modes

DTIR refers to the movement of goods by a third-country carrier

Answer : C

Question 4

In shipments by sea, which of the following is the term used to describe charges payable for delays at ports or customs?

ADetention

BDemurrage

CDunnage

DCabotage

Answer : D

Question 5

Which of the following is a risk factor associated only with buying internationally?

AEconomies of scale

BLevel of quality

CFluctuating exchange rates

DAvailability of raw materials

Answer : B

Question 6

Why is it important to conduct supplier appraisal when buying internationally?

AForeign suppliers are unreliable and incompetent

BIt is an essential tool for limiting risk and reducing uncertainty

CCorruption and unethical practices abound in overseas markets

DIt allows the buyer to travel and experience other cultures.

Answer : A

Question 7

Which of the following best describes a Free Trade Zone?

AA group of countries combining to eliminate trade barriers

BAn area where goods are exchanged in partial payment for goods

CA designated area where goods are free from customs duties

DA national market where the economy is free from central planning.

Answer : B

CIPS International Logistics A9 Exam Questions