Exam 2: Global Dimensions of Supply Chains

According to prediction, _____, _____, and _____ will all house so called "Megacities", whereas _____ will not have any cities of this size.

The Customs Trade Partnership Against Terrorism (C-TPAT) was put in place to assess the vulnerability of U.S. ports and to deny entry to ships from countries that do not meet U.S. security standards.

Explain the underlying rationale for global trade and explain the difference between comparative and absolute advantage.

Global trade clearly has a significant impact on the economies of various countries. Explain how global interdependence impacts countries overall (a macro basis), as well as how it impacts individual organizations doing business within various countries (a micro basis).

Which one of the countries below is not part of NAFTA?

_____, _____, and _____ are the top three recipients of exports from the United States, in that order.

What contributions do successful supply chains make to companies?

What are the essential factors for economic growth and increased development of global trade flows? Why are they so important in today's global economy?

From a customer service perspective, one of the four important characteristics for global markets and strategy is that companies need to attempt to standardize to reduce complexity, but they have to recognize that global markets need some customization.

Which of the following is an important issue for economic development and vitality of the economy?

Advancements in technology and the growth of transportation services have prevented many smaller, less developed countries from participating in global supply chains.

In terms of volume of exports, the United States is the world's leader in global trade flow.

Given the importance of global trade to the United States, a delicate balance exists between security and the efficient flow of global commerce.

U.S. ports play a major role in global supply chains since over 50 percent of global trade passes through them.

The top ten countries account for almost _____ of the total world population.

According to the Factor Endowment Theory, a country that lacks one or more of the four major production factors-land, labor, capital, and entrepreneurship-will not be able to successfully participate in global trade.