What Advantage Does the Transit Privilege Give to Shippers Located

question 29

Multiple Choice

What advantage does the transit privilege give to shippers located at intermediate locations?

• A) a lower, long-distance through rate charged for the shipment
• B) allows importers to enter a product and hold it without paying duties
• C) avoidance of terminal charges for each intermediate stop
• D) the right to change consignees during shipment

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Definitions:

Procure-to-Pay

The end-to-end process involved in procuring goods and services, from initial requisition through to payment of the suppliers.

Approval Workflow

A systematic process in an organization for reviewing and approving documents or plans through a series of steps and stages.

Compliance Management

Systems and processes in place within organizations to ensure adherence to laws, regulations, and standards.

Strategic Importance

The significance or value of a decision, action, or asset in achieving long-term organizational objectives or competitive advantage.