GSCM 310 Final Exam Questions With Complete Solutions 2022

Chrysler develops a universally sized radiator cap to reduce assembly time. This is an example of - economies of scale It is rare to find a single manufacturer who can deliver on cost and dependability - False According to the global manufacturing model, if the clothing industry in Bangladesh matures, trends suggest that in 10-20 years, it will be able to compete with the high quality clothing industry in which one of the following countries? - Italy _______ suggests that although in the short term it is possible to trade off capabilities one against the other, there is actually a hierarchy amongst the four capabilities. - Sand cone model: quality, dependability, speed, cost Clothing exporting accounts for about 80% of this country's annual total exports - Bangladesh The components of the Dodge Ram are inherently more American than those of foreign manufacturers like Toyota - False The conventional trade-off model states that unless there is some slack in the system, improving any one of the four basic manufacturing capabilities - Quality, Dependability, Speed and Cost - must necessarily be at the expense of ______________ or more of the other three. - One According to Deloitte's Global Manufacturing Competitiveness Index, cost is the single most important aspect of determining a country's manufacturing competitiveness. - False How do you judge whether or not a suit is high quality? - The fit According to Ferdows and de Meyer, the trade-off theory applies in all cases. - False Mark claims that once you get his business he will be your best _________. - Customer Traeger was what percent of Mr. Joe's business? - 95% Which of the following wasn't a worry of Mark's after he found the knockoff grills online? - The other grills would gain market share Mark never looked for a win-win negotiation. He just made sure that he would come out on top. - False In July of 2017 Mark fulfilled his promise and buried Mr. Joe. - True When Mr. Joe heard that Mark knew about him manufacturing grills for someone else he apologized. - False After Mark found another grill that Mr. Joe was manufacturing, what did he do? - Nothing According to Mark, what does TAM stand for? - Total addressable market According to Mark, Patience protected his business and his customers. - True What company did Mark work for before going to Traeger? - Skull candy What is the end goal of China's One Belt One Road policy? - To connect Europe and Asia with a new silk road An iphone has parts from over ________ countries? - 80 What is the vision for the African Continental Free Trade Agreement (AfCFTA) discussed in the video about Africa's free trade zone? - Meant to strengthen inter-african trade Among the top 30 performers in the LPI, ___ % of shipments fail to meet the quality criteria set by those countries. - 10% Free trade zones, containers, and good infrastructure provide global markets with - Greater efficiency in Global Trade Easier transaction in global trade Capabilities for countries to increase trade According to the video on Air Freight, what is the link between eCommerce and air freight - eCommerce's quick fulfillment expectations drives great need for global air freight Implementing effective logistics infrastructure in impoverished countries can help to alleviate poverty and increase economic well-being. - True According to the Logistics Performing Index (LPI) studied in the module, which country ranks last? - Syria Countries with the best logistics tend to be high-income, while countries with poor logistics tend to be low-income - True Which country is excluded from China's One Belt, One Road initiative? - Canada According to the World Customs Organization what is the estimated cash value of fake drugs that are sold every year? - $200 Billion Up to 48 different companies can touch a pharmaceutical product before it arrives on the pharmacy shelf - False How many knock off bags were being made each week at the Chinese factory infiltrated by Ted Kavowras and his team? - Over 10K According to Dr. Minxin Pei of the Carnegie Endowment for International Peace how many Chinese government officials annually convicted of corruption actually go to jail? - 3% After the Fall of Communism, which region of Europe became a distribution hub for illegal goods and trafficked people into the European Union? - The Balkans Which of the following organizations/entities is the main facilitator of illicit trade through the port of Naples? - The Camorra The fake Glycerin used in the Panama cough syrup poisoning episode was shipped from China to Panama via a company in which country? - Spain While selling Drugs on the street can give you a 200% profit, the sale of fakes online or on the street can bring you profits as large as which of the following? - 2000% Dr. Naim's conclusion is that we will never make progress in the fight against illicit trade unless we recognize that at bottom illicit trade is about which of the following? - Buyers and Sellers The President of which country was impeached because of his links with the Russian Mafia? - Lithuania Which of the following fake products was sold to help fund the 2004 Madrid train bombings, killing 191 people. - Fake Music CD's sold in the US Which region of the world did Mark Kolowich mention as a place he established businesses and bank accounts to launder his dirty money? - The Caribbean Are quite dangerous and have lead to multiple deaths - Counterfeit medications The growing size of crime families is the primary driver of international organized crime. - Flase