Global Supply Chain Management Practice
Exam
Course Introduction
Global Supply Chain Management explores the strategies, processes, and technologies involved in managing the flow of goods, information, and finances across international borders. The course covers key topics such as sourcing, logistics, procurement, risk management, and sustainability in a global context. Students will examine how multinational companies optimize supply chain networks, adapt to varying regulatory environments, and respond to emerging challenges such as geopolitical disruptions, evolving trade policies, and supply chain digitization. Real-world case studies are used to illustrate how effective global supply chain management enhances competitiveness and innovation in today's interconnected marketplace.
Recommended Textbook
Global Business Today 3rd Edition by Charles
W. L. Hill
Dr
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14 Chapters
699 Verified Questions
699 Flashcards
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Chapter 1: Globalisation
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Q1) When discussing foreign direct investment,it is important to distinguish between the flow of FDI and the _______ of FDI.
A)outflow
B)inflow
C)stock
D)trade
Answer: C
Q2) The globalisation of ________ refers to the shift towards a more integrated and interdependent world economy.
A)corporations
B)production
C)markets
D)culture
Answer: C
Q3) Over the past two decades,the globalisation of markets in the services sector has overtaken that of goods manufacturing.
A)True
B)False
Answer: False
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Page 3
Chapter 2: Theories of Trade: Investment and Internationalisation
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Q1) New trade theory is at variance with the ___________ theory,which suggests that a country will predominate in the export of a product when it is particularly well endowed with those factors used intensively in its manufacture.
A)Heckscher-Ohlin
B)competitive advantage
C)comparative advantage
D)absolute advantage
Answer: A
Q2) The theory of national competitive advantage,developed by Michael Porter,focuses on the importance of country factors such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.
A)True
B)False
Answer: True
Q3) Capitalism was considered to be the first theory of international trade.
A)True
B)False
Answer: False
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Chapter 3: The Political Economy of Trade and Investment
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Q1) The employment effects of FDI are both:
A)significant and stringent.
B)adverse and beneficial.
C)large and small.
D)direct and indirect.
Answer: D
Q2) Government actions that restrict or prohibit trade with a country in order to bring about a political change in that country is called:
A)embargo.
B)lock-out.
C)trade restrictions.
D)trade sanctions.
Answer: D
Q3) Closer Economic Relations (CER)is a free trade agreement between:
A)New Zealand and Japan.
B)Indonesia and Malaysia.
C)Australia and New Zealand.
D)China and Vietnam.
Answer: C
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Page 5
Chapter 4: Foreign Exchange and the International Monetary System
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Q1) The world's four major trading currencies - the British pound,the euro,the Japanese yen and the US dollar - all free float against each other.
A)True
B)False
Q2) The latest trend in the foreign exchange market is to trade the spiralling euro and leverage with contracts for difference (CFD)opportunities.
A)True
B)False
Q3) Nominal interest rates reflect expectations about inflation,deflation and stagflation.
A)True
B)False
Q4) The law of one price and purchasing power parity (PPP)theory predict that the exchange rate will change if relative prices change.
A)True
B)False
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Chapter 5: Differences in Culture
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Q1) With individualism and individual achievement one of the most common elements of social structure in Western societies,one unintended consequence of this philosophy is:
A)that it focuses on becoming a leader more than a manager.
B)that it promotes the opportunity to 'get rich quick'.
C)the lack of company loyalty and failure to gain company-specific knowledge.
D)that it fosters working alone more than in groups.
Q2) Culture is not a constant;it evolves over time.
A)True
B)False
Q3) In ______ciety,the high degree of social mobility and the extreme emphasis on individualism limit the impact of class background on business operations.
A)Russian
B)American
C)Indian
D)Norwegian
Q4) Conventional banking,which is based on bank interest,is prohibited in Islam.
A)True
B)False
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Chapter 6: Political and Legal Environments
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Q1) Patents,copyrights and trademarks are examples of ______roperty laws.
A)intellectual
B)administrative
C)official
D)central
Q2) Political systems can be assessed according to two related dimensions:
A)the degree to which they emphasise individualism opposed to totalitarianism,and the degree to which they are individualistic verses democratic.
B)the degree to which they are market-orientated opposed to production-orientated,and the degree to which they are democratic verses individualistic.
C)the degree to which they emphasise social democracy opposed to Communism,and the degree to which they emphasise collectivism opposed to individualism.
D)the degree to which they emphasise collectivism opposed to individualism,and the degree to which they are democratic or totalitarian.
Q3) The term 'governance' is a synonym for 'government'.
A)True
B)False
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Chapter 7: Economic Environment
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Q1) Economic stabilisation goals can be conflicting in that:
A)reducing national debt levels may not induce overseas investment to the nation.
B)economic prosperity may not be balanced in the nation.
C)increasing deficits nearly always results in higher interest payments.
D)an increase in the rate of economic growth can lead to higher rates of inflation.
Q2) In any balance of payments summary,the current account records show:
A)financial account statements.
B)net errors and omissions.
C)capital account statements.
D)goods and services.
Q3) The rate of economic progress in a country seems to depend on the extent to which that country has a:
A)stable and resilient leadership.
B)low inflation environment.
C)well-functioning economy.
D)large export market.
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Chapter 8: Ethics and Corporate Responsibilty
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Sample Questions
Q1) In Australia,the corporate failures of HIH and One.Tel were attributed to the problems of:
A)closed communication and other corporate non-disclosures.
B)weak financial planning and actions.
C)poor corporate governance and unethical behaviour.
D)leadership mishaps.
Q2) Having articulated values in a code of ethics,or some other document,leaders in the business must give life and meaning to those words by ____________________.
A)terminating those who deviate from them
B)repeatedly emphasising their importance
C)challenging those who present opposition
D)holding annual seminars about ethics
Q3) Contemporary moral philosophers tend to view Immanuel Kant's ethical philosophy as incomplete,principally because his system has no place for ______________.
A)human rights or theories
B)immoral sentiments and emotions
C)moral emotions and sentiments
D)human emotions and dignity
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Chapter 9: Country Market Analysis
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Q1) What type of costs involve promoting and establishing a product offering,including the costs of educating customers?
A)trail-blazing costs
B)pioneering costs
C)second-mover costs
D)timing costs
Q2) The attractiveness of a country as a potential market depends on balancing the benefits,costs and risks associated with doing business in that country,and also:
A)the objectives of the firm.
B)listening to what customers want.
C)undertaking market research.
D)taking large and small orders.
Q3) The Australian Trade Commission (Austrade)provides the potential exporter with all of these services,except:
A)initiation and expansion programs.
B)trade promotion and aid.
C)extensive industry and country data.
D)export subsidy.
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11
Chapter 10: The Strategy of International Business
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Sample Questions
Q1) Which principal aspect of a firm can be viewed as a value chain in Michael Porter's work?
A)strategy
B)structure
C)operations
D)systems
Q2) The ability to spread fixed costs over a large volume results in a cost-savings phenomenon referred to as:
A)volume synergies.
B)economies of scale.
C)captured savings.
D)size effects.
Q3) ______egy makes sense if a firm has a valuable core competence that indigenous competitors in foreign markets lack.
A)A global
B)An international
C)A multidomestic
D)A transnational
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Chapter 11: Entering Foreign Markets
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Sample Questions
Q1) Non-convertibility of currency implies that the exporter may not be paid in his or her home currency,and few exporters would desire payment in a currency that is not convertible.One solution to overcome this problem is to:
A)cross-cultural trade.
B)countenance offset trade.
C)currency hedge.
D)countertrade.
Q2) One of the principal risks with turnkey projects is:
A)forging alliances partners.
B)to give control of a firm's technology to its partner(s).
C)a firm has no long-term interest in the foreign country.
D)intangible property rights.
Q3) Implicit in the discussion of leveraging core competencies is the idea that skills are developed first _________ and then transferred _________.
A)internationally;home
B)at home;to foreign operations
C)by managers;to employees
D)by employees;to managers
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13
Chapter 12: International Marketing and RD
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Q1) When managers in an international business consider market segmentation in international markets,they need to be cognisant of two main issues: the differences between countries in the structure of market segments and:
A)the existence of segments that transcend national borders.
B)knowledge and past experience in international markets.
C)product features and price.
D)quality,cost,time and delivery.
Q2) One of the main reasons for such high failure rates in new R&D projects is due to:
A)lack of sales predicted.
B)being able to adequately commercialise promising technology.
C)intolerant project managers.
D)funding cuts to viable products.
Q3) Public relations typically does not have responsibility for which of the following?
A)monitoring awareness inside and outside the organisation
B)counselling management on policy
C)improving product design and packaging
D)analysing the impact of policies on publics
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Chapter 13: International Production, Outsourcing and Logistics
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Sample Questions
Q1) The objectives of reducing costs and increasing quality are not:
A)statistically correlated.
B)conversely linked.
C)independent of each other.
D)feasibly possible.
Q2) ISO 9000 is the international standard for product manufacturing firms.
A)True
B)False
Q3) By tracking component parts as they make their way across the globe towards an assembly plant,______ systems enable a firm to optimise production scheduling according to when components are expected to arrive.
A)information
B)data
C)logistics
D)transportation
Q4) In the context of materials management,the acronym JIT stands for:
A)Jobber-In-Training.
B)Job-In-Transit.
C)Joint-In-Transpiration.
D)Just-In-Time.
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Chapter 14: International Human Resources Management
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Q1) In a report based on interviews with 12,000 business leaders in 40 countries,in 2012 women were largely employed in ________________ roles.
A)finance and human resource management
B)logistics and management development
C)purchasing and sales management
D)training and occupational health and safety
Q2) To reduce bias in performance evaluations,many expatriates think that more weight should be given to _______ manager's appraisal than to _______ manager's appraisal.
A)a functional;a human resource
B)a human resource;a functional
C)an off-site;an on-site
D)an on-site;an off-site
Q3) A large and expanding body of academic research suggests that a strong fit between __________________quired for high profitability.
A)corporate culture and products
B)marketing practices and industrial relations
C)corporate culture and ethics practices
D)human resources practices and strategy
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