Global Supply Chain Management
Exam Practice Tests
Course Introduction
Global Supply Chain Management explores the strategies, processes, and technologies that organizations use to manage the flow of goods, services, and information across international borders. The course examines how companies coordinate sourcing, production, and distribution activities while navigating cultural, economic, and regulatory differences worldwide. Students will analyze topics such as supplier relationship management, risk mitigation, logistics, sustainability, and the impact of global trade agreements, gaining practical skills to design and manage efficient supply networks in a dynamic global marketplace.
Recommended Textbook
International Business The New Realities 4th Edition by S. Tamer Cavusgil
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17 Chapters
1641 Verified Questions
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Page 2
Chapter 1: Introduction: What Is International Business
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Sample Questions
Q1) Over the last few decades, export activity by nations has grown more quickly than has domestic production.
A)True
B)False
Answer: True
Q2) Which of the following is another term for importing?
A)capital investment
B)supply side development
C)global sourcing
D)unilateral procurement
Answer: C
Q3) Which of the following best explains why Taiwanese computer manufacturers established subsidiaries in the United States?
A)low-cost financial capital
B)low-cost labor
C)access to raw materials
D)lack of skilled managerial talent in home country
Answer: A
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3
Chapter 2: Globalization of Markets and the
Internationalization of the Firm
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Sample Questions
Q1) The relocation of manufacturing and other value-chain activities to cost-effective locations abroad is known as ________.
A)insourcing
B)cultural imperialism
C)contagion
D)offshoring
Answer: D
Q2) The most direct implication of market globalization is on the firm's ________.
A)value chain
B)founders
C)internal stakeholders
D)top management
Answer: A
Q3) The ability of a nation to govern its own affairs is known as ________.
A)sovereignty
B)liberalization
C)interdependence
D)homogenization
Answer: A
Page 4
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Chapter 3: The Cultural Environment of International Business
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Sample Questions
Q1) Which of the following situations is an example of geocentric orientation?
A)Marsha, CEO of QST Solutions, believes that top level executives at her company should be Americans to avoid any communication gaps.
B)The Gram Group of retail stores decided to open branches in China and focus on changing their policies to suit the Chinese population to maximize profits.
C)Derek, the VP of Banner Technologies, wants managers from the firm's India office to visit the U.S. branch to provide training to American officials visiting India.
D)Chill & Break Inc. , an American global coffee company, is used to judging other cultures by the standards of its own culture.
Answer: C
Q2) Feminine cultures tend to emphasize ________.
A)interdependence among people
B)accumulation of wealth
C)ambition
D)competitiveness
Answer: A
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Chapter 4: Ethics, Corporate Social Responsibility,
Sustainability and Corporate Governance
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Sample Questions
Q1) The process of reproducing assets without compensating those who originally created them is known as ________.
A)counterfeiting
B)bribery
C)product differentiation
D)trademarking
Q2) Relying on one's instincts is often the best way to identify an ethical problem.
A)True
B)False
Q3) In terms of CSR and sustainability, going wide implies ________.
A)a continuous effort to understand how CSR and sustainability affect every aspect of the firm's operations worldwide
B)institutionalizing appropriate behavior into the organization's culture so it becomes part and parcel of strategy
C)encouraging unstructured learning among employees
D)a sustained effort to reduce control mechanisms throughout the organization
Q4) In a short essay, describe how the African MNE Celtel helped improve the conditions for millions of people and businesses around Africa
Q5) What is a code of ethics? What function does it serve for businesses?
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Chapter 5: Theories of International Trade and Investment
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Sample Questions
Q1) Developing new product designs and new ways of organizing or training are some of the ways in which companies innovate.
A)True
B)False
Q2) Modern business executives use the term comparative advantage when referring to the assets of individual firms.
A)True
B)False
Q3) In the context of national industrial policy, which of the following actions by the government of Kazmia would be the most beneficial for the long-term economic security of the country?
A)increasing the rate of taxation
B)devoting resources to improve national infrastructure
C)discouraging foreign trade
D)discouraging entrepreneurial ventures undertaken by small firms
Q4) Mercantilism benefits consumers because restricting imports increases the choice of domestic products they can buy.
A)True
B)False
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Chapter 6: Political and Legal Systems in National Environments
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Sample Questions
Q1) Unlike other legal systems, Islamic law evolves very little over time .
A)True
B)False
Q2) Which of the following would most likely oppose the opening of a Super Sports store in Norway?
A)labor unions
B)local sports retailers
C)international banks
D)local sports enthusiasts
Q3) Socialism is based on a collectivist ideology which assumes that the collective welfare of people outweighs the welfare of the individual.
A)True
B)False
Q4) Explain extraterritoriality. Provide examples to illustrate how extraterritoriality affects international business.
Q5) A foreign firm's entry strategy, operations, and performance are often dictated by foreign investment laws.
A)True
B)False
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Chapter 7: Government Intervention and Regional Economic Integration
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Sample Questions
Q1) Which of the following was the first major effort to systematically reduce trade barriers worldwide?
A)WIPO
B)GATT
C)NAFTA
D)WTO
Q2) Which of the following best supports maintaining the existing cotton quota?
A)Zanzi cotton growers are protected from cheaper cotton imports.
B)Zanzi cotton growers have an advantage when they export cotton fabric to other countries.
C)The local fabric manufacturer pays high prices for cotton.
D)The local fabric manufacturer uses mostly Zanzi-grown cotton.
Q3) Which of the following exemplifies local content requirements?
A)Titania charges a 27 percent tariff on imported dairy products.
B)At least 40 percent of the value of all computers assembled in Titania must be from parts or other inputs produced in Titania.
C)Titania bans imports of firearms.
D)Titania imposes extensive inspections and bureaucratic procedures on the import of alcoholic beverages.
Page 9
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Chapter 8: Understanding Emerging Markets
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Sample Questions
Q1) Which of the following most likely supports the consulting firm's recommendation that Vytel proceed with plans to do business in Argentina?
A)The political conditions in Argentina are stable.
B)Government bureaucrats favor domestic firms to foreign firms.
C)Potential local partners have few government contacts.
D)The Argentine government lacks transparency.
Q2) ________ make up the largest group of countries and include Bangladesh, Nicaragua, and Zaire.
A)Advanced economies
B)Capitalist economies
C)Emerging markets
D)Developing economies
Q3) Increasingly, mainstream banks view microfinance as a source of future growth.
A)True
B)False
Q4) Which of the following trends supports improving economic conditions in Africa?
A)direct investment from abroad
B)the growing importance of the public sector in Africa
C)the gradual liquidation of the mining industry
D)the rising cultural affinity toward goods manufactured in the West
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Chapter 9: The International Monetary and Financial Environment
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Sample Questions
Q1) Which of the following should be considered before the government takes any action to correct the high rate of inflation?
A)What have been the historical consequences of trade barriers in Country X?
B)What is the current price of coffee in the United States and Europe?
C)What will be the long-term effects of currency depreciation to Country X?
D)What other industries in Country X could replace agriculture?
Q2) Which of the following is an example of a currency risk?
A)purchasing products from a nation with appreciating currency
B)purchasing products from a country with depreciating currency
C)selling products to a country with appreciating currency
D)selling products to a nation that has the same currency value as the exporter's
Q3) What is the difference between a convertible currency and a nonconvertible currency? Explain why governments of some countries impose restrictions on currency convertibility.
Q4) ________ is the tendency of investors to mimic each others' actions.
A)Switch trading
B)Dumping
C)Momentum trading
D)Herding
Page 11
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Chapter 10: Financial Management and Accounting in the Global Firm
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Sample Questions
Q1) ________ is the currency risk that results from exchange-rate fluctuations affecting the pricing of products, the cost of inputs, and the value of foreign investments.
A)Translation exposure
B)Operating exposure
C)Transaction exposure
D)Interoceptive exposure
Q2) ________ are currency traders who seek to minimize their risk of exchange-rate fluctuations, often by entering into forward contracts or similar financial instruments.
A)Venture capitalists
B)Arbitragers
C)Hedgers
D)Speculators
Q3) The last task in international financial management is to manage the diversity of international accounting and tax practices.
A)True
B)False
Q4) What goals does harmonization of world accounting practices aim to achieve?
Q5) How has technology affected foreign exchange trading?
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Chapter 11: Strategy and Organization in the International Firm
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Sample Questions
Q1) Sourcing inputs from large-scale, centralized suppliers allows firms to obtain economies of scale, more consistent quality, lower costs, and generally more efficient operations.
A)True
B)False
Q2) To establish positive relationships with country managers, senior corporate managers should ________.
A)transfer employees to different countries to maintain a centralized power structure
B)encourage subjective ethical and moral standards across different countries
C)invite local managers to discuss their experiences at regional and global conferences
D)minimize decision making at the local level
Q3) Which of the following is the most critical asset of any organization?
A)goodwill
B)computer programs
C)human capital
D)bonds
Q4) What is the integration-responsiveness framework? Describe the two main components of the framework.
Page 13
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Chapter 12: Global Market Opportunity Assessment
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Sample Questions
Q1) Describe the various types of partners an international firm might adopt when expanding internationally. How can a business partner affect a company's sales potential?
Q2) CORE is a diagnostic tool mainly used by managers to choose qualified business partners.
A)True
B)False
Q3) Which of the following questions would be more important for Happy Pet executives to evaluate when determining the firm's readiness to internationalize?
A)What does Happy Pet hope to gain from internationalizing its operations?
B)How are the domestic sales figures of Happy Pet's competitors?
C)What product pricing strategies should Happy Pet adopt?
D)Where would be the best location for a Happy Pet product distribution center?
Q4) Ongoing globalization has reduced the cost and risk of entering foreign markets.
A)True
B)False
Q5) Describe the four factors that contribute to the likelihood of success for a product or service in an international market.
Q6) Describe the purpose of CORE. How does it aid managers?
Page 14
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Chapter 13: Exporting and Global Sourcing
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Sample Questions
Q1) In the decision about whether to outsource, manufacturing of products is considered of high importance to a firm.
A)True
B)False
Q2) Which of the following is true with regard to strategies for minimizing the risks of global sourcing?
A)To ensure the success of sourcing ventures, the focal firm must exercise great care to identify and screen potential suppliers and then monitor the activities of those suppliers from which it sources.
B)To maximize returns and minimize risks, management should outsource core business operations.
C)Because production quality in an emerging market rarely varies over time, managers at the focal firm are not obliged to closely monitor manufacturing processes.
D)Firms must refrain from maintaining their own sourcing operations abroad in order to trim costs and minimize risks stemming from frequent currency fluctuations.
Q3) Discuss the major risks associated with global sourcing.
Q4) In a short essay, explain how global sourcing can affect home-country employees.
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Chapter 14: Foreign Direct Investment and Collaborative Ventures
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Sample Questions
Q1) During his presentation, Manu describes how a large U.S. retailer entered the Mexican market by purchasing the stores and assets of a Mexican retailer. Which of the following topics was most likely assigned to Group B?
A)merger
B)turnkey operation
C)acquisition
D)collaborative venture
Q2) Which of the following represents a human resource factor that firms must consider when selecting an FDI location?
A)intellectual property protection
B)transparency and corruption
C)extent of bureaucracy and red tape
D)involvement of labor unions
Q3) Avoiding trade barriers is classified as a market-seeking motive for FDI.
A)True
B)False
Q4) Discuss three reasons for firms seeking new market opportunities. Illustrate each with an example of a firm that sought a new foreign market for that particular motive.
Page 16
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Chapter 15: Licensing, Franchising, and Other Contractual Strategies
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Sample Questions
Q1) When compared to licensing agreements, the relationships established in franchising arrangements are typically volatile and short-term.
A)True
B)False
Q2) Leasing is especially beneficial to ________.
A)advanced economies
B)economies with high PPP
C)First World countries
D)developing economies
Q3) Which of the following statements most likely supports an ACC decision to enter into a licensing agreement with the Chinese firm?
A)Royalties from toys and apparel would be initially minimal.
B)The Wonder Cat brand's products could be easily counterfeited in other markets except in the Chinese markets.
C)The Chinese government restricts complete ownership of local operations by foreign firms.
D)China exclusively opts for high-control strategies such as FDI.
Q4) Describe five advantages of licensing agreements from the perspective of the licensor.
Page 17
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Chapter 16: Marketing in the Global Firm
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Sample Questions
Q1) All of the following factors are important to consider about the target audience of an international advertising campaign EXCEPT ________.
A)buying motivations
B)entrepreneurial experiences of consumers
C)purchasing power
D)age and education
Q2) Explain the importance of a global market strategy. How does a global market strategy affect the choice of adaption versus standardization for an international marketing program?
Q3) Which of the following questions would be the most important to evaluate before setting a price for the lounge chairs exported to England?
A)What is the mark up price quoted by the London retailer for CCC's products?
B)What is the average price that Londoners pay for upholstered chairs?
C)How many lounge chairs are sold in London retail stores every year and at what price?
D)Do many global market segments exist in the European Union?
Q4) Prices do not affect customers' perception of value.
A)True
B)False
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Page 18
Chapter 17: Human Resource Management in the Global Firm
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Sample Questions
Q1) Which of the following best summarizes the goal of cross-cultural awareness training for expatriates?
A)It enables expatriates to cope with reverse-culture shock.
B)It enables expatriates to share knowledge with host-country nationals more effectively.
C)It enables expatriates to significantly upgrade their technical skills.
D)It enables expatriates to effectively communicate with local customers and employees and be sensitive to the host-country's culture.
Q2) Which of the following is true with regard to women in international business?
A)Representation by women in senior management is lowest in Russia and the Philippines.
B)Female senior managers in international business are still more the exception than the norm.
C)Usually, firms do not hesitate to send women to countries where traditional gender roles are the norm.
D)In the United States, unemployment rates are higher for women than for men.
Q3) Define repatriation. Discuss some of the difficulties faced by repatriated employees. How can human resource managers assist repatriated employees?
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