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LM Quiz 5

Authored by Aileen Villela

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LM Quiz 5
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aiden is trying to understand different pricing methods for a new product. What does 'Ad Valorem' mean?

According to distance

According to size

According to value

According to weight

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During a shipping class, Daniel asked, what is the purpose of the 'Bunker Adjustment Factor' (BAF)?

To cover customs fees

To calculate shipping distance

To compensate for fluctuating fuel costs

To adjust for cargo weight

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'Demurrage' refer to in the context of shipping delays experienced by Aiden?

A penalty for delaying the carrier's equipment

A fee for loading cargo

A charge for customs clearance

A fee for unloading cargo

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jackson is waiting for a package to arrive. What is the meaning of 'ETA' in shipping terms?

Estimated Time of Arrival

Estimated Time of Action

Estimated Time of Assessment

Estimated Time of Adjustment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Avery is learning about shipping terms in her logistics class. What does 'FCL' stand for?

Freight Cargo Load

Freight Container Load

Full Container Load

Full Cargo Load

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sophia is trying to understand what the 'Customs Filing Fee' is when importing goods for her new business.

A fee for arranging customs clearance

A fee for freight forwarding

A fee for shipping insurance

A fee for cargo storage

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During a recent group project, Priya discovered that a 'Surcharge' was added to their shipping costs. What does 'Surcharge' mean in shipping?

A fee for late delivery

An extra or additional charge

A discount on shipping rates

A tax on imported goods

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