Question 1

Global logistics encompasses materials management only.

Accepted Answer

A) True 
 B)False

Question 2

Blockchain technology is not finding much use in logistics.

Accepted Answer

A) True 
 B)False

Question 3

At the macro-level, benefits of using a free trade zone include all of the following except:

Accepted Answer

A) increased investment and employment. 
B) more revenue through increased local taxes. 
C) obtaining a beachhead in a foreign market without being in the mainstream distribution process. 
D) the ability to reassemble large shipments into different groupings. 
E) no duties on labor. 
A) increased investment and employment. 
B) more revenue through increased local taxes. 
C) obtaining a beachhead in a foreign market without being in the mainstream distribution process. 
D) the ability to reassemble large shipments into different groupings. 
E) no duties on labor.

Question 4

Physical distribution refers to the inflow of raw materials, parts, and supplies in and through the firm.

Accepted Answer

A) True 
 B)False

Question 5

Honda, a Japanese automobile manufacturer, owns its own fleet of cargo ships and uses them to ship soybeans.

Accepted Answer

A) True 
 B)False

Question 6

As a type of intra-firm sourcing, _____ is when a company procures major components from its foreign subsidiary.

Accepted Answer

A) domestic in-house sourcing 
B) offshore insourcing 
C) domestic purchasing arrangement 
D) offshore outsourcing (offshore sourcing) 
E) export management company 
A) domestic in-house sourcing 
B) offshore insourcing 
C) domestic purchasing arrangement 
D) offshore outsourcing (offshore sourcing) 
E) export management company

Question 7

_____ means reducing resources to achieve more efficient and cost-effective operations.

Accepted Answer

A) Rationalization 
B) Utility management 
C) Physical distribution management 
D) Logistic integration 
E) Logistic modeling 
A) Rationalization 
B) Utility management 
C) Physical distribution management 
D) Logistic integration 
E) Logistic modeling

Question 8

Changes in aircraft design have now enabled air transshipment of relatively bulky products.

Accepted Answer

A) True 
 B)False

Question 9

Explain the role that so called "third-party logistics" (3PL) companies play in contemporary international trade.Cite the advantages of using third-party companies in the trade process.

Accepted Answer

The trend toward third-party logistics m

Question 10

There are risks associated with 3PL sourcing but they are minor.

Accepted Answer

A) True 
 B)False

Question 11

If a company wished to ship semiconductor chips abroad, they would probably choose:

Accepted Answer

A) ocean shipping 
B) air freight 
C) truck 
D) rail 
E) barge 
A) ocean shipping 
B) air freight 
C) truck 
D) rail 
E) barge

Question 12

All of the following are benefits of using a free trade zone except:

Accepted Answer

A) duty deferral and elimination. 
B) lower tariff rates. 
C) no government interference in intelligence gathering activities. 
D) exchange rate hedging. 
E) "Made in U.S.A." designation. 
A) duty deferral and elimination. 
B) lower tariff rates. 
C) no government interference in intelligence gathering activities. 
D) exchange rate hedging. 
E) "Made in U.S.A." designation.

Question 13

A _____ is an area that is located within a nation, but is considered outside of the customs territory of the nation.

Accepted Answer

The answer of A _____ is an area that is...

Question 14

Supplementary services those services that are unrelated to the execution of the core service.

Accepted Answer

A) True 
 B)False

Question 15

According to the textbook, which of the following famous business thinkers characterized logistics as being "the darkest continent of business?"

Accepted Answer

A) Philip Kotler 
B) Stephen Covey 
C) Michaele Porter 
D) Peter Drucker 
E) Tom Peters 
A) Philip Kotler 
B) Stephen Covey 
C) Michaele Porter 
D) Peter Drucker 
E) Tom Peters

Question 16

_____ refers to the inflow of raw materials, parts, and supplies in and through the firm.

Accepted Answer

Materials

Question 17

A free trade zone can be used to hedge against currency fluctuations.

Accepted Answer

A) True 
 B)False

Question 18

With respect to distribution costs, a geographically large country such as the United States will normally incur more _____ costs than in smaller countries.

Accepted Answer

A) transportation, insurance, and inventory 
B) warehousing, customer service/order entry, and general administration 
C) transportation and inventory 
D) materials handling 
E) warehousing and transportation 
A) transportation, insurance, and inventory 
B) warehousing, customer service/order entry, and general administration 
C) transportation and inventory 
D) materials handling 
E) warehousing and transportation

Question 19

In developed parts of the world, retailing employs between 7 percent and 12 percent of the workforce and wields enormous power over manufacturers and consumers.

Accepted Answer

A) True 
 B)False

Question 20

Air freight represents more than 40 percent of the value of goods shipped in international commerce.

Accepted Answer

A) True 
 B)False

Global logistics encompasses materials management only.

Blockchain technology is not finding much use in logistics.

At the macro-level, benefits of using a free trade zone include all of the following except:

Physical distribution refers to the inflow of raw materials, parts, and supplies in and through the firm.

Honda, a Japanese automobile manufacturer, owns its own fleet of cargo ships and uses them to ship soybeans.

As a type of intra-firm sourcing, _____ is when a company procures major components from its foreign subsidiary.

_____ means reducing resources to achieve more efficient and cost-effective operations.

Changes in aircraft design have now enabled air transshipment of relatively bulky products.

Explain the role that so called "third-party logistics" (3PL) companies play in contemporary international trade.Cite the advantages of using third-party companies in the trade process.

There are risks associated with 3PL sourcing but they are minor.

If a company wished to ship semiconductor chips abroad, they would probably choose:

All of the following are benefits of using a free trade zone except:

A _____ is an area that is located within a nation, but is considered outside of the customs territory of the nation.

Supplementary services those services that are unrelated to the execution of the core service.

According to the textbook, which of the following famous business thinkers characterized logistics as being "the darkest continent of business?"

_____ refers to the inflow of raw materials, parts, and supplies in and through the firm.

A free trade zone can be used to hedge against currency fluctuations.

With respect to distribution costs, a geographically large country such as the United States will normally incur more _____ costs than in smaller countries.

In developed parts of the world, retailing employs between 7 percent and 12 percent of the workforce and wields enormous power over manufacturers and consumers.

Air freight represents more than 40 percent of the value of goods shipped in international commerce.

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters

Exam 15: Global Logistics and Distribution

Global logistics encompasses materials management only.

Blockchain technology is not finding much use in logistics.

At the macro-level, benefits of using a free trade zone include all of the following except:

Physical distribution refers to the inflow of raw materials, parts, and supplies in and through the firm.

Honda, a Japanese automobile manufacturer, owns its own fleet of cargo ships and uses them to ship soybeans.

As a type of intra-firm sourcing, _____ is when a company procures major components from its foreign subsidiary.

_____ means reducing resources to achieve more efficient and cost-effective operations.

Changes in aircraft design have now enabled air transshipment of relatively bulky products.

Explain the role that so called "third-party logistics" (3PL) companies play in contemporary international trade.Cite the advantages of using third-party companies in the trade process.

There are risks associated with 3PL sourcing but they are minor.

If a company wished to ship semiconductor chips abroad, they would probably choose:

All of the following are benefits of using a free trade zone except:

A _____ is an area that is located within a nation, but is considered outside of the customs territory of the nation.

Supplementary services those services that are unrelated to the execution of the core service.

According to the textbook, which of the following famous business thinkers characterized logistics as being "the darkest continent of business?"

_____ refers to the inflow of raw materials, parts, and supplies in and through the firm.

A free trade zone can be used to hedge against currency fluctuations.

With respect to distribution costs, a geographically large country such as the United States will normally incur more _____ costs than in smaller countries.

In developed parts of the world, retailing employs between 7 percent and 12 percent of the workforce and wields enormous power over manufacturers and consumers.

Air freight represents more than 40 percent of the value of goods shipped in international commerce.

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters