Test Bank Transportation A Global Supply Chain Perspective 10th Edition by Robert A Novack, Brian Gibson, and Yoshinori Suzuki With Verified Questions, Answer Key, Chapter-Wise Exam Prep Guide, and Complete Study Resource

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,REFERENCES: Urbanization
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: LO 1.7 - Understand the challenges and opportunities associated with the world-wide growth
in urbanization and why there has been such a major shift from rural to urban areas.

13. What positive outcomes have occurred in the global economy with increased interdependence?
a. Reduced prices
b. Limited availability of goods
c. Lower employment opportunities
d. Higher prices
ANSWER: a
POINTS: 1
DIFFICULTY: Medium
REFERENCES: Globalization
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: LO 1.5 - Explain the underlying economic basis for international exchange of goods and
services for the overall benefit of two or more countries or regions and gain some perspective
on the volume and overall importance of the more advanced countries of the world.

14. On the micro level, global interdependence has ___________.
a. increased competition
b. decreased the level of complexity
c. reduced outsourcing
d. increased product lifecycles
ANSWER: a
POINTS: 1
DIFFICULTY: Hard
REFERENCES: Globalization
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: LO 1.5 - Explain the underlying economic basis for international exchange of goods and
services for the overall benefit of two or more countries or regions and gain some perspective
on the volume and overall importance of the more advanced countries of the world.

15. When did the supply chain management concept capture the attention of senior level executives in many
organizations?
a. 1960s
b. 1980s
c. 1990s
d. 2000s
ANSWER: c
POINTS: 1
DIFFICULTY: Easy

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, REFERENCES: Supply Chain Concept
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: LO 1.5 - Explain the underlying economic basis for international exchange of goods and
services for the overall benefit of two or more countries or regions and gain some perspective
on the volume and overall importance of the more advanced countries of the world.

16. Reverse logistics systems are developed for:
a. returning unacceptable products
b. returning rail box cars
c. eliminating empty back hauls
d. receiving payment from customers
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: Supply Chain Concept
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: LO 1.3 - Understand how global supply chains can contribute to the competitive position of
countries and allow them to penetrate global markets.

17. Forward information in the supply chain is utilized to:
a. provide advanced shipment notices
b. reduce the need for working capital
c. decrease the visibility of inventory levels
d. Eliminate the empty back hauls
ANSWER: a
POINTS: 1
DIFFICULTY: Medium
REFERENCES: Supply Chain Concept
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: LO 1.3 - Understand how global supply chains can contribute to the competitive position of
countries and allow them to penetrate global markets.

18. Cash flow is important to organizations producing products for sale because it:
a. reduces the need for working capital
b. eliminates the need for checks to pay vendors
c. provides bonus money for employees
d. increases viability of inventory levels
ANSWER: a
POINTS: 1
DIFFICULTY: Medium
REFERENCES: Supply Chain Concept
QUESTION TYPE: Multiple Choice
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