Chapter 11 Review Questions

Let us see how much you have learned in this chapter by going over these review questions.

  1. How many Incoterms are there?
    1. 4
    2. 13
    3. 14
    4. 23
    5. 24

  2. Which Incoterm represents the minimum obligation for the seller?
    1. CFR - COST AND FREIGHT
    2. EXW - EX WORKS
    3. FAS - FREE ALONGSIDE SHIP
    4. FCA - FREE CARRIER
    5. FOB - FREE ON BOARD

  3. Which Incoterm represents the seller's maximum obligation?
    1. DDP - DELIVERED DUTY PAID
    2. DDU - DELIVERED DUTY UNPAID
    3. DES - DELIVERED EX SHIP
    4. DEQ - DELIVERED EX QUAY
    5. FOB - FREE ON BOARD

  4. Which statement is false regarding freight forwarders?
    1. Act on behalf of exporters in arranging transportation services.
    2. Are not responsible for using accurate export license information.
    3. Can arrange for inland freight and warehousing.
    4. May also provide the services of a customs broker.
    5. Operate on a fee basis paid by the exporter.
[OUTLINE] [PREVIOUS] [NEXT PAGE] [CHAPTER 11]

© 2004 John Michael Pierobon

Notes