LSCM 4360 Exam 1 & 2 Questions with correct answers 100% 2026 An international logistician cannot possibly learn all of the cultural subtleties of a particular country; however, in order to avoid frustrations and difficulties, it would be advisable that

LSCM 4360 Exam 1 & 2 Questions with correct answers 100% 2026 An international logistician cannot possibly learn all of the cultural subtleties of a particular country; however, in order to avoid frustrations and difficulties, it would be advisable that s/he study - Correct Answer Intercultural communication. According to the International Product Life Cycle Theory, the country(ies) most likely to manufacture a product that has been recently developed (one that is the result of a brand-new design and uses patented technology) and is in its first commercialization year, is (are) ___. - Correct Answer the country of innovation only Mexico can produce 1 ton of meat (beef) using 0.1 years of labor. It can also produce 1 automobile using 2 years of labor. In order to produce 1 ton of beef, the United States uses 0.2 years of labor. It can produce an automobile using 1.5 years of labor. Mexico has ___. - Correct Answer an absolute advantage in the production of beef The Heckscher-Ohlin Theory holds that countries that have an abundance of certain resources enjoy an absolute or comparative advantage over other countries. Which of the following is NOT one of the factors that Heckscher and Ohlin considers scarce? - Correct Answer education Germany can produce 24 tons of steel or 6 automobiles using the same amount of resources. Using the exact same amount of resources, Turkey can produce 20 tons of steel and 4 automobiles. According to the theory of comparative advantage, at what price will Germany and Turkey trade automobiles? - Correct Answer Turkey will buy automobiles as long as the price is lower than 5 tons of steel On occasion, a firm will respond to a competitor's move by retaliating. For example, Linde Gas (an American firm producing industrial gasses) entered the French market when Air Liquide (a French company in the same industry) decided to enter the U.S. market. Such a move is considered a ___. - Correct Answer competition driver International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world? - Correct Answer United States Information on foreign countries, including their economic environment, their political environment and their geography, can easily be found in several publications. Which is NOT one of the organizations that publishes background information on countries? - Correct Answer The United Nations' UNICEF Which of the following entities was created at the Bretton Woods Conference of 1944? - Correct Answer International Monetary Fund The international environment presents challenges for the international logistician. Which aspect of the international business environment is most likely to create frustrations? - Correct Answer Cultural differences It is generally accepted that ___. - Correct Answer supply chain management encompasses activities that are broader than those of logistics management. The increased usage of air transport for international trade has had which consequence?. - Correct Answer increased probability of a company being selected as a supplier, by reducing delivery times Which of the following is an emerging element of international logistics, according to the author, although it is fully part of domestic logistics, according to the CSCMP? - Correct Answer reverse logistics. In the 1980s, companies started to manage their inventories much more closely than they had in the 1960s and 1970s. This was due to an increase in ___. - Correct Answer interest rates Companies increasingly are designing products so that they can gain a competitive advantage through reverse logistics. Returned products are ___. - Correct Answer All of the above DRP (Distribution Requirements Planning) is a system that allows manufacturers, wholesalers, and retailers of consumer products to manage their inventory "just-in-time:" DPR works as a - Correct Answer "pull" system. Which of the following group of countries is more likely to lag in terms of green practices, according to the IBM study mentioned in the text? - Correct Answer North America Another name for sea-going containers is - Correct Answer Boxes. The definition of "international supply chain management" is the same as the definition of "supply chain management," except that it makes explicit the fact that SCM ___. - Correct Answer All of the above Which one was NOT one of the characteristics of the "early days" of logistics? - Correct Answer an emphasis on customer satisfaction The busiest cargo airport in the world is - Correct Answer Chek Lap Kok Airport Post-Panamax ships have resulted in - Correct Answer cranes being unable to reach across post-Panamax ships. Because some ports are becoming increasingly limited in their ability to handle ever-larger ships, it is possible that ___. - Correct Answer large ships will go to "hub" ports where "feeder" ships will traverse to and from the smaller ports Warehouse infrastructure of a country may determine - Correct Answer how goods are packaged. as a defense measure to keep invading military troops from using their railroads, Spain and Russia ___. - Correct Answer developed widths between the rails (gauges) different from those of the rest of Europe An international logistician cannot possibly learn all of the cultural subtleties of a particular country; however, in order to avoid frustrations and difficulties, it would be advisable that s/he study - Correct Answer Intercultural communication. According to the International Product Life Cycle Theory, the country(ies) most likely to manufacture a product that has been recently developed (one that is the result of a brand-new design and uses patented technology) and is in its first commercialization year, is (are) ___. - Correct Answer the country of innovation only Mexico can produce 1 ton of meat (beef) using 0.1 years of labor. It can also produce 1 automobile using 2 years of labor. In order to produce 1 ton of beef, the United States uses 0.2 years of labor. It can produce an automobile using 1.5 years of labor. Mexico has ___. - Correct Answer an absolute advantage in the production of beef The Heckscher-Ohlin Theory holds that countries that have an abundance of certain resources enjoy an absolute or comparative advantage over other countries. Which of the following is NOT one of the factors that Heckscher and Ohlin considers scarce? - Correct Answer education Germany can produce 24 tons of steel or 6 automobiles using the same amount of resources. Using the exact same amount of resources, Turkey can produce 20 tons of steel and 4 automobiles. According to the theory of comparative advantage, at what price will Germany and Turkey trade automobiles? - Correct Answer Turkey will buy automobiles as long as the price is lower than 5 tons of steel On occasion, a firm will respond to a competitor's move by retaliating. For example, Linde Gas (an American firm producing industrial gasses) entered the French market when Air Liquide (a French company in the same industry) decided to enter the U.S. market. Such a move is considered a ___. - Correct Answer competition driver International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world? - Correct Answer United States Information on foreign countries, including their economic environment, their political environment and their geography, can easily be found in several publications. Which is NOT one of the organizations that publishes background information on countries? - Correct Answer The United Nations' UNICEF Which of the following entities was created at the Bretton Woods Conference of 1944? - Correct Answer International Monetary Fund The international environment presents challenges for the international logistician. Which aspect of the international business environment is most likely to create frustrations? - Correct Answer Cultural differences It is generally accepted that ___. - Correct Answer supply chain management encompasses activities that are broader than those of logistics management. The increased usage of air transport for international trade has had which consequence?. - Correct Answer increased probability of a company being selected as a supplier, by reducing delivery times Which of the following is an emerging element of international logistics, according to the author, although it is fully part of domestic logistics, according to the CSCMP? - Correct Answer reverse logistics. In the 1980s, companies started to manage their inventories much more closely than they had in the 1960s and 1970s. This was due to an increase in ___. - Correct Answer interest rates Companies increasingly are designing products so that they can gain a competitive advantage through reverse logistics. Returned products are ___. - Correct Answer All of the above DRP (Distribution Requirements Planning) is a system that allows manufacturers, wholesalers, and retailers of consumer products to manage their inventory "just-in-time:" DPR works as a - Correct Answer "pull" system. Which of the following group of countries is more likely to lag in terms of green practices, according to the IBM study mentioned in the text? - Correct Answer North America Another name for sea-going containers is - Correct Answer Boxes. The definition of "international supply chain management" is the same as the definition of "supply chain management," except that it makes explicit the fact that SCM ___. - Correct Answer All of the above Which one was NOT one of the characteristics of the "early days" of logistics? - Correct Answer an emphasis on customer satisfaction The busiest cargo airport in the world is - Correct Answer Chek Lap Kok Airport Post-Panamax ships have resulted in - Correct Answer cranes being unable to reach across post-Panamax ships. Because some ports are becoming increasingly limited in their ability to handle ever-larger ships, it is possible that ___. - Correct Answer large ships will go to "hub" ports where "feeder" ships will traverse to and from the smaller ports Warehouse infrastructure of a country may determine - Correct Answer how goods are packaged. as a defense measure to keep invading military troops from using their railroads, Spain and Russia ___. - Correct Answer developed widths between the rails (gauges) different from those of the rest of Europe