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Gap-filling TACN3 Final term

Total questions: 95

Worksheet time: 48mins

Name
Class
Date
1.

Gap-filling. The market in which currencies are bought and sold and in which currency prices are determined is called the (a)  

2.

Gap-filling. The practice of insuring against potential losses that result from adverse changes in exchange rates is call (a)  

3.

Gap-filling. (a)   is the instantaneous purchase and sale of a currency in different markets for profit.

4.

Gap-filling. (a)   is the purchase or sale of a currency with the expectation that its value will change and generate a profit.

5.

Gap-filling. In a quoted exchange rate, the currency with which another currency is to be purchased is called the (a)  

6.

Gap-filling. In a quoted exchange rate, the currency that is to be purchased with another currency is called the (a)  

7.

Gap-filling. The exchange rate requiring delivery of the traded currency within two business days is called (a)  

8.

Gap-filling. The exchange rate at which two parties agree to exchange currencies on a specified future date is called the (a)  

9.

Gap-filling. (a)   is a contract requiring the exchange of an agreed-upon amount of a currency on an agreed-upon date at a specific exchange rate.

10.

Gap-filling. A (a)   is the simultaneous purchase and sale of foreign exchange for two different dates.

11.

Gap-filling. Currency that trades freely in the foreign exchange market, with its price determined by the forces of supply and demand is called a (a)  

12.

Gap-filling. An international monetary system in which nations linked the value of their paper currencies co specific values of gold was called the (a)  

13.

Gap-filling. A system in which the exchange rate for converting one currency into another is fixed by international agreement is called a (a)  

14.

Gap-filling. The (a)   was an accord among nations to create a new international monetary system based on the value of the U.S. dollar.

15.

Gap-filling. The agency created by the Bretton Woods Agreement to provide funding for national economic development efforts is called the (a)  

16.

Gap-filling. (a)   was the agency created by the Bretton Woods Agreement to regulate fixed exchange rates and enforce the rules of the international monetary system.

17.

Gap-filling. An exchange-rate system in which currencies float against one another with governments intervening to stabilize currencies at a particular target exchange rate is known as a (a)  

18.

Gap-filling. (a)   is an exchange - rate system in which currencies float freely against one another, without governments intervening in currency markets.

19.

The exchange rate at which the bank will buy a currency is called a (a)  

20.

A (a)   is called the exchange rate at which the bank will sell a currency.

21.

A (a)   is a right, or option, to exchange a specific amount of a currency on a specific date at a specific rate.

22.

A (a)   is a contract requiring exchange of a specific amount of currency on a specific date at a specific exchange rate with all of these conditions fixed and not adjustable.

23.

Gap filling: The mode of payment in which a bank acts as an intermediary without accepting financial risk is called (a)  

24.

Gap filling: A document ordering an importer to pay an exporter a specified sum or money at a specified time is called a (an) (a)  

25.

Gap filling: The mode of payment in which the importer's bank issues a document stating that the bank will pay the exporter when the exporter fulfills the terms of the document is called a (an) (a)  

26.

Gap filling: A contract between the exporter and carrier that specifies destination and shipping costs of the merchandise is called a(n) (a)  

27.

Gap filling: The mode of payment in which an exporter ships merchandise and later bills the importer for its value is (a)  

28.

Gap filling: The mode of payment in which an importer pays an exporter for merchandise before it is shipped is (a)  

29.

Gap filling: (a)   is a letter of credit calling for renewed credit to be made available when the issuing bank informs the beneficiary that the buyer has reimbursed the issuing bank for the drafts already drawn

30.

Gap filling: (a)   means two letters of credit with identical documentary requirements, except for the difference in the price as shown by the invoice and draft.

31.

Gap filling: (a)   is a letter of credit that can be drawn against, but only if another business transaction is not performed.

32.

Gap filling: (a)   is a letter of credit issued by a bank and forwarded to the beneficiary by a second bank in his area. The second bank validates the signatures and attests to the legitimacy of the first bank.

33.

Gap filling: (a)   is a letter of credit issued by one bank to which a second bank adds its commitment to pay.

34.

Gap filling: (a)   is a letter of credit that may be canceled at any moment without prior notice to the beneficiary

35.

Gap filling: (a)   is a letter of credit that cannot be canceled nor amended without agreement of all parties

36.

(a)   is a letter of credit under which the documents are forwarded to the importer's bank, while sight draft is presented at a later future date.

37.

(a)   is a letter of credit permitting the beneficiary to receive a sum prior to shipment.

38.

(a)   is a letter of credit that can be utilized by someone designated by the original beneficiary.

39.

(a)   is the attempt to destroy unwholesome demand for products that are considered undesirable, e.g. cigarettes, drugs, handguns, or extremist political parties.

40.

(a)   is the difficult task of reversing negative demand, e.g. for dental work, or hiring disabled people.

41.

(a)   is necessary where there's no demand, which often happens with new products and services.

42.

(a)   involves developing a product or service for which there is clearly a talent demand, e.g. a non-polluting and fuel-efficient car.

43.

(a)   involves altering the times pattern of irregular demand, e.g. for public transport between rush hours, or for ski resorts in the summer.

44.

(a)   involves revitalizing falling demand, for example, for churches, inner city areas, or aging film stars.

45.

(a)   is the attempt (by governments rather than private businesses) to reduce overfull demand, permanently or temporarily, e.g. for some roads and bridges during rush hours.

46.

(a)   is a matter of retaining a current (may be full) level of demand, in the face of competition or changing tastes.

47.

(a)   refers to all the companies or individuals involved in moving a particular good or service from the producer to the consumer.

48.

To introduce a new product onto the market means to (a)  

49.

(a)   are possibilities of filling unsatisfied needs in sectors in which companies can profitably produce goods or services.

50.

(a)   involves collecting, analyzing and reporting data relevant to a specific market situation (such as a proposed new product).

51.

A (a)   is a name, symbol or design (or some combination) identifying a product.

52.

(a)   means dividing a market into distinct groups of buyers who have different requirements or buying habits.

53.

(a)   are attributes or characteristics of a product: quality, price, reliability, etc.

54.

Gap-filling: (a)   is a name or symbol that cannot be used by another producer.

55.

Gap-filling: (a)   refers to wrappers and containers in which products are sold.

56.

Gap-filling: A (a)   is an idea for a new product, which is tested with target consumers before the actual product is developed.

57.

Gap-filling: (a)   means places where goods are sold to the public – shops, stores, kiosks, markets, stalls, and etc.

58.

Gap-filling: A (a)   is one who contacts existing and potential customers and tries to persuade them to buy goods or services.

59.

Gap-filling: (a)   reflects the sum of the perceived tangible and intangible benefits and costs to customers.

60.

Gap-filling: (a)   reflects a person's judgments of a product's perceived performance in relationship to expectations.

61.

Gap-filling: A business and industry which acts as a third party local representative and distribution point for a manufacturing firm.

(a)  

62.

Gap-filling: (a)   is the systematic and coordinated set of activities required to provide the physical movement and storage of goods (raw materials, parts, finished goods) from vendor/supply services through company facilities to the customer (market) and the associated activities – packaging, order processing, etc. – in an efficient manner necessary to enable the organization to contribute to the explicit goals of the company.

63.

Gap-filling: An organization which provides logistics services as an intermediary between the shipper and the carrier, typically on international shipments.

(a)  

64.

Gap-filling: (a)   is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements.

65.

Gap-filling: (a)   is an independent computer system, owned by independent organizations, linked in a manner to allow direct updates to be made to one system by another.

66.

Gap-filling: (a)   is a term describing the process whereby machines are remotely monitored for status and problems reported and resolved automatically or maintenance scheduled by the monitoring systems.

67.

Gap-filling: (a)   is a comprehensive, system-wide view of the entire supply chain as a single process, from raw materials supply through finished goods distribution. All functions that make up the supply chain are managed as a single entity, rather than managing individual functions separately.

68.

Gap-filling: The network of supply chain participants engaged in storage, handling, transfer, transportation, and communications functions that contribute to the efficient flow of goods.

(a)  

69.

Gap-filling: (a)   is a computerized system to electronically transmit logistics information.

70.

It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities.

(a)  

71.

It is the process of planning, implementing and controlling the flow and storage of goods, which aims at ensuring that the right product will be in the right place at the right time in the most cost efficient way based on customers' needs.

(a)  

72.

One or more companies or individuals who participate in the flow of goods and services from the manufacturer to the final user or consumer.

(a)  

73.

The total time that elapses between an order's placement and its receipt, including the time required for order transmittal, order processing, order preparation, and transit.

(a)  

74.

A warehouse positioned to replenish customer inventory assortments and to afford maximum inbound transport consolidation economies from inventory origin points with relatively short-haul local delivery.

(a)  

75.

A service unique to international trade and relates to an individual or firm that specializes in one or more of the activities preceding Main Carriage, such as consolidation, packing, marking, sorting of merchandise, inspection, storage, etc.

(a)  

76.

The planning, directing, monitoring, and controlling of the processes related to customer orders, manufacturing orders, and purchase orders.

(a)  

77.

A transportation network that automatically routes one or more material handling devices, such as carts or pallet trucks, and positions them at predetermined destinations without operator intervention.

(a)  

78.

A transportation document that is the contract of carriage containing the terms and conditions between the shipper and carrier.

(a)  

79.

Transportation available to the public that does not provide special treatment to any one party and is regulated as to the rates charged, the liability assumed, and the service provided.

(a)  

80.

The process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user.

(a)  

81.

The process of moving products from end-user back to the origin to recover value or for proper disposal.

(a)  

82.

The flow, or management, of goods into a production unit or warehouse.

(a)  

83.

The company will (a)   the policy-holder against loss of or damage to the insured vehicle.

84.

Ships' cargoes are covered by (a)   insurance policies.

85.

A flexible type of insurance, for 12 months, at agreed rates, is (a)  

86.

The most complete insurance is against (a)  

87.

(a)   is a standard form contract between the insured and the insurer, which determines the claims that the insurer is legally required to pay.

88.

(a)   is payments to the insurance company to buy a policy and to keep it in force.

89.

(a)   is the losses/damages caused by special expenses and sacrifices that were intentionally and reasonably conducted to save the vessel, cargo and freight from a threat in the common ocean voyage.

90.

The party to an insurance arrangement who undertakes to indemnify for losses is the (a)  

91.

(a)   is the person or entity buying the insurance and receiving indemnity on happening of unforeseen events.

92.

The person, group, or property for which an insurance policy is issued is (a)  

93.

(a)   is a contract whereby, in return for the payment of premium by the insured, the insurers pay the financial losses suffered by the insured as a result of the occurrence of unforeseen events.

94.

A contract of (a)   is an agreement whereby the insurer undertakes to indemnify the assured in a manner and to the extent thereby agreed, against losses, that is, the losses incidental to marine adventure.

95.

(a)   covers ocean-going vessels and their cargo from loss or damage because of perils of the sea; contracts are also written to cover the legal liability of shippers and owners.