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CIPS Global Logistics Strategy Sample Questions (Q128-Q133):
NEW QUESTION # 128
Which types of goods and contracts are NOT subject to the CISG? (Select ALL that apply)
- A. Bonds and investment securities
- B. Goods for private consumption and use such as personal effects
- C. Auctioned goods
- D. Sale of ships or aeroplanes
- E. The sale of stocks and shares
Answer: A,B,C,D,E
Explanation:
The CISG does not apply to personal effects, auctioned goods, stocks, bonds, or the sale of ships/aeroplanes. [P-127]
NEW QUESTION # 129
What volume justifies reverse logistics resources?
- A. High for scale economies
- B. Low resource utilization
- C. Fraction of production
- D. Small percentage of sales
Answer: A
Explanation:
High return volumes ensure efficient resource use and economies of scale. [P-179]
NEW QUESTION # 130
What are common methods of payment used in international trade? (Select ALL that apply)
- A. Documentary letter of credit (LC/LOC)
- B. Mail transfer
- C. Banker's draft
- D. Debit card payment
- E. Telegraphic transfer
Answer: A,B,C,E
Explanation:
Common payment methods in international trade include telegraphic transfer, mail transfer, banker's draft, and documentary letter of credit (LC/LOC). These methods facilitate secure and efficient cross-border transactions. Debit card payments are more commonly used for domestic transactions. [P-135]
NEW QUESTION # 131
What is the role of precedent in the decision-making of international courts and arbitration tribunals?
- A. Precedent is deployed inconsistently and is not binding.
- B. Precedent is the primary source of international law.
- C. Precedent is binding and must be followed uniformly.
- D. Precedent is excluded and has no relevance.
Answer: A
Explanation:
Precedent in international law is used inconsistently and is not always binding, similar to domestic Common Law systems. [P-120]
NEW QUESTION # 132
Five companies from different industries are participating in a sustainability summit where they discuss and share their approaches to integrating the triple bottom line (TBL), corporate social responsibility (CSR), and green logistics into their business operations. The companies include:
EcoElectronics Inc. - An electronic device manufacturing company with a focus on environmentally friendly products. The company is committed to reducing its carbon footprint by using recycled materials in its products and minimizing electronic waste.
SocialSolutions Ltd. - A consulting firm specializing in social impact initiatives and community development. Their commitment to social impact involves working closely with local communities, implementing initiatives that empower individuals, and fostering sustainable development.
ProfitablePharma Corp. - A pharmaceutical company committed to balancing financial success with social and environmental responsibility. Beyond financial profitability, the company places a high value on moral pharmaceutical practices. This includes ensuring affordable access to medications and minimizing environmental impact in the manufacturing process.
ModernTrans Logistics - A logistics company that specializes in sustainable and eco-friendly carriage solutions. The company invests in a modern and eco-friendly fleet, utilizing alternative fuels and optimizing routes to reduce emissions.
TechInnovate Innovations - A technology company striving to incorporate green practices in its supply chain and operations. Their commitment includes sourcing ethically produced raw materials and adopting energy-efficient manufacturing processes, minimizing environmental impact while driving innovation in the technology sector.
You are required, for each company, to align the primary focus area and recommend the key factor.
Q: What is the primary focus area of SocialSolutions Ltd.?
- A. Triple Bottom Line (TBL)
- B. Social Impact
- C. Environmental Responsibility
- D. Supply Chain Sustainability
- E. Green Logistics
Answer: B
Explanation:
SocialSolutions Ltd. is a consulting firm specializing in social impact and community development, making "Social Impact" their priority area. [P 166-169]
NEW QUESTION # 133
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