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Question
In general terms, ____ accounts for about 6% of U.S. gross domestic product.a. warehousing
b. logistics
c. supply chain management
d. transportation
Answer
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b. measures a company's logistics cost as a percentage of its total cost
c. compares inventory turnover for major retailers
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a. annual meetings of large international shippers
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Incoterms are generally revised approximately every ____ years.
a. 25
b. 20
c. 10
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a. certificate of origin
b. commercial invoice
c. shipper's letter of instruction
d. shipper's export declaration
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a. RFID tab
b. shipper's mark
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d. bar code
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a. it becomes more costly to import products to the country, but its exports surge
b. both imports and exports surge
c. it becomes more costly to export products from the country, but its imports surge
d. it becomes more costly to import and export products
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a. net world product
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c. gross world product
d. gross world income
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