Question 1

Excluded countries can experience a reduction in their exports because of the trade diverting effect of a ___________.

Accepted Answer

A) PTA 
B) PTS 
C) CRM 
D) SRS 
A) PTA 
B) PTS 
C) CRM 
D) SRS A

Question 2

A trade bloc can be defined as a ____________.

Accepted Answer

A) Preferential trade agreement 
B) Economic sanction 
C) Shipment parameters 
D) All of the above. 
A) Preferential trade agreement 
B) Economic sanction 
C) Shipment parameters 
D) All of the above. A

Question 3

The addition of countries into trade blocs is commonly referred to as ________

Accepted Answer

A) Regionalism 
B) Blocism 
C) Sanctionism 
D) All of the above. 
A) Regionalism 
B) Blocism 
C) Sanctionism 
D) All of the above. A

Question 4

The two principal characteristics of a trade bloc are that it implies a reduction or elimination of barriers to trade and ___________

Accepted Answer

A) That it is discriminatory. 
B) That it is restricted to member counties. 
C) Both. 
D) None of the above. 
A) That it is discriminatory. 
B) That it is restricted to member counties. 
C) Both. 
D) None of the above.

Question 5

Which of the following agreements/organizations was established to encourage free traffic between member nations, decrease or eliminate tariffs, and manage worldwide trade agreements?

Accepted Answer

A) GATT 
B) NAFTA 
C) EU 
D) WTO 
A) GATT 
B) NAFTA 
C) EU 
D) WTO

Question 6

By providing efficiency opportunities, a larger market contributes to _________within the trade bloc.

Accepted Answer

A) Decrease distortions 
B) Reduce profitability 
C) Increase revenue 
D) All of the above. 
A) Decrease distortions 
B) Reduce profitability 
C) Increase revenue 
D) All of the above.

Question 7

Which of the following countries has been the dominant factor behind the growth of international trade?

Accepted Answer

A) Taiwan 
B) Korea 
C) China 
D) Pakistan 
A) Taiwan 
B) Korea 
C) China 
D) Pakistan

Question 8

In order for producers to make sure that their goods are reaching the right destination on time, they need to:

Accepted Answer

A) Organize raw materials and fully manufactured goods. 
B) Have complete visibility of the whole supply chain. 
C) Migrate workers. 
D) None of the above. 
A) Organize raw materials and fully manufactured goods. 
B) Have complete visibility of the whole supply chain. 
C) Migrate workers. 
D) None of the above.

Question 9

Trade blocs can contribute to _________ global externalities and foster the adoption of co-ordination mechanisms among countries

Accepted Answer

A) Internalize 
B) Externalize 
C) Eliminate 
D) None of the above. 
A) Internalize 
B) Externalize 
C) Eliminate 
D) None of the above.

Question 10

Globalization was possible majorly due to the _________ will to allow open import and export across countries through __________.

Accepted Answer

A) Political; agreements 
B) Social; agreements 
C) Traders'; organizations 
D) Customers'; organizations 
A) Political; agreements 
B) Social; agreements 
C) Traders'; organizations 
D) Customers'; organizations

Question 11

Many Western businesses have moved their manufacturing to Asian countries. This is due to:

Accepted Answer

A) An increase in skilled workers. 
B) Better production. 
C) Cheaper labor costs. 
D) New techniques. 
A) An increase in skilled workers. 
B) Better production. 
C) Cheaper labor costs. 
D) New techniques.

Question 12

The services required by global companies that are traditionally not offered by third party logistics are:

Accepted Answer

A) Manufacturing support and origin management. 
B) Origin management and destination management. 
C) Manufacturing support and destination management. 
D) All of the above. 
A) Manufacturing support and origin management. 
B) Origin management and destination management. 
C) Manufacturing support and destination management. 
D) All of the above.

Question 13

For each unit of exports lost, _________will fall by the difference in the value of the exports.

Accepted Answer

A) Real income 
B) Unit size 
C) Carrier bloc 
D) None of the above 
A) Real income 
B) Unit size 
C) Carrier bloc 
D) None of the above

Question 14

Globalization has led to more complex logistics and supply chains and planning and managing logistics as a complete system has become more difficult. To solve this problem the best solution for a global company is ________.

Accepted Answer

A) To outsource logistics operations 
B) Global branding 
C) Global production 
D) The centralization of information 
A) To outsource logistics operations 
B) Global branding 
C) Global production 
D) The centralization of information

Question 15

If a manufacturing firm is in a developing country and its market is in another, f it is very important to monitor the supply chain from _______ to ________ in order to ensure timely production and manufacturing.

Accepted Answer

A) Warehouse; end customer 
B) Raw material source; end customer 
C) Raw material source; warehouse 
D) Storage' shipping 
A) Warehouse; end customer 
B) Raw material source; end customer 
C) Raw material source; warehouse 
D) Storage' shipping

Question 16

1930s regionalism was motivated by the desire to pursue ______________development at a regional level in developing countries.

Accepted Answer

A) Export substitution 
B) Import substitution 
C) Both 
D) None of the above. 
A) Export substitution 
B) Import substitution 
C) Both 
D) None of the above.

Question 17

Why are there now more complex and extended supply chains than ever before?

Accepted Answer

A) Migration of manufacturing firms. 
B) Free trade. 
C) Lower cost of labor. 
D) More warehousing of stock. 
A) Migration of manufacturing firms. 
B) Free trade. 
C) Lower cost of labor. 
D) More warehousing of stock.

Question 18

What does the term globalization in SCM refer to?

Accepted Answer

A) Supplying various products globally. 
B) Setting up multiple production units around the world. 
C) Increasing interconnectedness of countries and business for different markets and commodities. 
D) None of the above. 
A) Supplying various products globally. 
B) Setting up multiple production units around the world. 
C) Increasing interconnectedness of countries and business for different markets and commodities. 
D) None of the above.

Excluded countries can experience a reduction in their exports because of the trade diverting effect of a ___________.

A trade bloc can be defined as a ____________.

The addition of countries into trade blocs is commonly referred to as ________

The two principal characteristics of a trade bloc are that it implies a reduction or elimination of barriers to trade and ___________

Which of the following agreements/organizations was established to encourage free traffic between member nations, decrease or eliminate tariffs, and manage worldwide trade agreements?

By providing efficiency opportunities, a larger market contributes to _________within the trade bloc.

Which of the following countries has been the dominant factor behind the growth of international trade?

In order for producers to make sure that their goods are reaching the right destination on time, they need to:

Trade blocs can contribute to _________ global externalities and foster the adoption of co-ordination mechanisms among countries

Globalization was possible majorly due to the _ will to allow open import and export across countries through __.

Many Western businesses have moved their manufacturing to Asian countries. This is due to:

The services required by global companies that are traditionally not offered by third party logistics are:

For each unit of exports lost, _________will fall by the difference in the value of the exports.

Globalization has led to more complex logistics and supply chains and planning and managing logistics as a complete system has become more difficult. To solve this problem the best solution for a global company is ________.

If a manufacturing firm is in a developing country and its market is in another, f it is very important to monitor the supply chain from _ to __ in order to ensure timely production and manufacturing.

1930s regionalism was motivated by the desire to pursue ______________development at a regional level in developing countries.

Why are there now more complex and extended supply chains than ever before?

What does the term globalization in SCM refer to?

Core Concepts

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Efficiency

Inventory

Logistics

Managing Supply

Market Segments

Risk

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters

Exam 7: Global Management

Excluded countries can experience a reduction in their exports because of the trade diverting effect of a ___________.

A trade bloc can be defined as a ____________.

The addition of countries into trade blocs is commonly referred to as ________

The two principal characteristics of a trade bloc are that it implies a reduction or elimination of barriers to trade and ___________

Which of the following agreements/organizations was established to encourage free traffic between member nations, decrease or eliminate tariffs, and manage worldwide trade agreements?

By providing efficiency opportunities, a larger market contributes to _________within the trade bloc.

Which of the following countries has been the dominant factor behind the growth of international trade?

In order for producers to make sure that their goods are reaching the right destination on time, they need to:

Trade blocs can contribute to _________ global externalities and foster the adoption of co-ordination mechanisms among countries

Globalization was possible majorly due to the _________ will to allow open import and export across countries through __________.

Many Western businesses have moved their manufacturing to Asian countries. This is due to:

The services required by global companies that are traditionally not offered by third party logistics are:

For each unit of exports lost, _________will fall by the difference in the value of the exports.

Globalization has led to more complex logistics and supply chains and planning and managing logistics as a complete system has become more difficult. To solve this problem the best solution for a global company is ________.

If a manufacturing firm is in a developing country and its market is in another, f it is very important to monitor the supply chain from _______ to ________ in order to ensure timely production and manufacturing.

1930s regionalism was motivated by the desire to pursue ______________development at a regional level in developing countries.

Why are there now more complex and extended supply chains than ever before?

What does the term globalization in SCM refer to?

Core Concepts

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Efficiency

Inventory

Logistics

Managing Supply

Market Segments

Risk

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters

Globalization was possible majorly due to the _ will to allow open import and export across countries through __.

If a manufacturing firm is in a developing country and its market is in another, f it is very important to monitor the supply chain from _ to __ in order to ensure timely production and manufacturing.