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Goods can enter a country, undergo further modification, and then be exported without paying customs duties via which of the following designations?
Suggested Answer: C
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According to the APICS CSCP - Supply Chain Management Certification, a free trade zone (FTZ) is a designated area within a country where goods can enter, undergo further modification, and then be exported without paying customs duties or taxes. FTZs are used to encourage foreign trade and investment, reduce transportation costs, and improve supply chain efficiency.
18 comments · newest first
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Bulah
11 months ago
Trading blocs don't apply here, it's all about FTZs!
RO
Roy
11 months ago
Really? No customs duties at all? Sounds too good to be true!
SE
Serina
11 months ago
Wait, are you sure? I thought bonded warehouses were also an option.
EL
Ellen
11 months ago
I agree, FTZs are the way to go for that!
GA
Gail
11 months ago
It's definitely C, Free trade zone (FTZ).
LO
Lorenza
12 months ago
I don’t think it’s a trading bloc or citizen zone. Those don’t seem to fit the description of modifying goods for export.
CR
Cristen
12 months ago
I’m confused between bonded warehouse and FTZ. I feel like both allow for modifications, but I can't recall the specifics.
TA
Tawanna
12 months ago
I’m leaning towards free trade zone (FTZ) since we practiced a similar question about customs duties and modifications.
AN
Anthony
1 year ago
I think it might be a bonded warehouse, but I'm not entirely sure. I remember something about storing goods without duties.
DE
Destiny
1 year ago
Free trade zone, that's the one! I remember learning about those in my international business class. Goods can move in and out without the usual customs fees. Definitely going with C on this one.
LA
Launa
1 year ago
Okay, I've got this. The key is identifying the type of trade zone that allows goods to enter and be modified without paying customs duties. I'm pretty sure that's a free trade zone or FTZ.
AN
Annamaria
1 year ago
Hmm, I'm a bit unsure about this one. I know there are different trade zones and designations, but I can't quite remember the specifics. I'll have to think this through carefully.
RO
Roosevelt
1 year ago
This seems like a straightforward customs and trade question. I'll focus on the key terms like "customs duties" and "without paying" to identify the right designation.
LA
Laura
1 year ago
Hmm, this seems like a tricky one. I'll need to think through the different options carefully.
DE
Delila
1 year ago
I remember we practiced a similar question about configuration management tools. I thought SaltStack was often mentioned for its ability to pull changes, but I can't recall the specifics about secure protocols.
LI
Lizbeth
1 year ago
Hmm, I'm a bit unsure about this one. I know battery and assault are related to physical contact, but I'm not sure how false imprisonment fits in. I'll need to review my notes on torts before answering.
JO
Joaquin
1 year ago
Hmm, this seems straightforward enough. I'll just plug in the numbers and see which option comes out on top.
NA
Nan
1 year ago
This looks like a Cisco MPLS TE configuration, so I'll focus on understanding the options related to that technology.