Question 1

Which organisation publishes the International Commercial Terms?

Options :

A : World Trade Organization

B : Interstate Commerce Commission

C : The International Chamber of Commerce

D : European Union

Answer: C

Question 2

Jamilla is looking to find a new supplier who can deliver raw materials of wood and paper to her company Woody Manufacturing Incorporated. The requirement is for regular orders of high volume. She has issued a Request for Quotation. What will this assess the suppliers on?

Options :

A : who can deliver the items the cheapest

B : who can deliver the highest quality items

C : the five rights of procurement

D : which price is the most ethical

Answer: C

Question 3

Invisio employs a tendering process to select the best supplier for their new warehouse construction. Which of the following reflects the value addition of the suppliers to society?

Options :

A : The supplier has capacity to perform the scope of construction work

B : The supplier uses recycled bricks from a previous demolition

C : The supplier provides an optimum warehouse drawing

D : The supplier employs people with disabilities

Answer: D

Question 4

Which of the following are reasons why governments impose tariffs and duties on imported goods? Select TWO that apply.

Options :

A : To protect domestic infant industries from competition

B : To detect and eliminate corruptions

C : To promote international trade and prosperity

D : To provide their citizens better products from foreign manufacturers

E : To ensure national security

Answer: A

Question 5

Sourcing products internationally involves extra considerations when looking at the price of the item. Which of the following are additional price considerations for international sourcing? Select TWO

Options :

A : exchange rate

B : total life cycle costs

C : tariffs

D : batch quantities

E : tax

Answer: A,C

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