Supply Chain Exam (Ch.6-9) ACTUAL
QUESTIONS AND CORRECT ANSWERS
What is the key feature of international trade?
a. requires material to be sent through the USA
b. crosses national frontiers
c. needs government approval
d. involves trans-national bodies
e. does not cross international frontiers - CORRECT ANSWERS✅✅b. crosses national
frontiers
levels of international trade have remained relatively constant for several years. Is this:
a. true
b. largely true
c. false - CORRECT ANSWERS✅✅c. false
which of the following is NOT a common benefit of international trade?
a. extra administration at borders
b. geographical expansion
c. improves profit margins
d. a new market for products
e. access to low cost operations - CORRECT ANSWERS✅✅a. extra administration at
borders
which of the following is NOT a factor that encourages international trade?
a. removal of trade barriers
b. demand for foreign products
,c. manufacturers' economies of scale
d. integration of supply chains
e. legislation to control carbon emissions - CORRECT ANSWERS✅✅e. legislation to
control carbon emissions
which of the following is NOT a factor that encourages international trade?
a. convergence of market demands
b. increase of specialized support services
c. increasing levels of supply chain risk
d. growing prosperity
e. improved communications - CORRECT ANSWERS✅✅c. increasing levels of supply
chain risk
what is value density?
a. a measure of transport cost per unit of volume
b. the ratio of a product's value to its weight
c. the trio of a product's value to its size
d. a measure of product portability
e. any of the above - CORRECT ANSWERS✅✅e. any of the above
which of the following factors generally encourage international trade rather than local
supplier?
a. long shelf life
b. limited economies of scale
c. need high customer contact
d. low value density
e. cultural differences - CORRECT ANSWERS✅✅a. long shelf life
, which of the following is NOT a common way of reaching international markets?
a. selling through local distribution networks
b. reverse logistics
c. licensing
d. joint ventures with local companies
e. exporting finished goods - CORRECT ANSWERS✅✅b. reverse logistics
what is the key feature of global companies?
a. they work internationally
b. they export anywhere in the world
c. they have headquarters in a home country
d. they have different divisions in each region
e. they see the world as a single market - CORRECT ANSWERS✅✅e. they see the world as
a single market
which of the following is NOT a common barrier to global operations?
a. organizations lack the resources to work globally
b. customers in different regions demand different types of product
c. economies of scale concentrate facilities in a few locations
d. cultural and economic differences
e. people do not always look favorably on global brands - CORRECT ANSWERS✅✅c.
economies of scale concentrate facilities in a few locations
which of the following is NOT a common feature of a global supply chain?
a. postponement
b. outsourced logistics
c. concentrated production
QUESTIONS AND CORRECT ANSWERS
What is the key feature of international trade?
a. requires material to be sent through the USA
b. crosses national frontiers
c. needs government approval
d. involves trans-national bodies
e. does not cross international frontiers - CORRECT ANSWERS✅✅b. crosses national
frontiers
levels of international trade have remained relatively constant for several years. Is this:
a. true
b. largely true
c. false - CORRECT ANSWERS✅✅c. false
which of the following is NOT a common benefit of international trade?
a. extra administration at borders
b. geographical expansion
c. improves profit margins
d. a new market for products
e. access to low cost operations - CORRECT ANSWERS✅✅a. extra administration at
borders
which of the following is NOT a factor that encourages international trade?
a. removal of trade barriers
b. demand for foreign products
,c. manufacturers' economies of scale
d. integration of supply chains
e. legislation to control carbon emissions - CORRECT ANSWERS✅✅e. legislation to
control carbon emissions
which of the following is NOT a factor that encourages international trade?
a. convergence of market demands
b. increase of specialized support services
c. increasing levels of supply chain risk
d. growing prosperity
e. improved communications - CORRECT ANSWERS✅✅c. increasing levels of supply
chain risk
what is value density?
a. a measure of transport cost per unit of volume
b. the ratio of a product's value to its weight
c. the trio of a product's value to its size
d. a measure of product portability
e. any of the above - CORRECT ANSWERS✅✅e. any of the above
which of the following factors generally encourage international trade rather than local
supplier?
a. long shelf life
b. limited economies of scale
c. need high customer contact
d. low value density
e. cultural differences - CORRECT ANSWERS✅✅a. long shelf life
, which of the following is NOT a common way of reaching international markets?
a. selling through local distribution networks
b. reverse logistics
c. licensing
d. joint ventures with local companies
e. exporting finished goods - CORRECT ANSWERS✅✅b. reverse logistics
what is the key feature of global companies?
a. they work internationally
b. they export anywhere in the world
c. they have headquarters in a home country
d. they have different divisions in each region
e. they see the world as a single market - CORRECT ANSWERS✅✅e. they see the world as
a single market
which of the following is NOT a common barrier to global operations?
a. organizations lack the resources to work globally
b. customers in different regions demand different types of product
c. economies of scale concentrate facilities in a few locations
d. cultural and economic differences
e. people do not always look favorably on global brands - CORRECT ANSWERS✅✅c.
economies of scale concentrate facilities in a few locations
which of the following is NOT a common feature of a global supply chain?
a. postponement
b. outsourced logistics
c. concentrated production
