Global Supply Chain Management
Study Guide Questions
Course Introduction
Global Supply Chain Management examines the design, operation, and optimization of supply chains that span multiple countries and regions. The course explores strategies for sourcing, production, logistics, and distribution in an increasingly interconnected global marketplace. Students will analyze the impact of international regulations, cultural differences, and geopolitical risks on supply chain performance, while learning about best practices in sustainability, technology adoption, and supply chain risk mitigation. Real-world case studies and hands-on projects not only highlight challenges faced by multinational companies, but also develop students abilities to create resilient, efficient, and competitive global supply chain networks.
Recommended Textbook
International Business Opportunities and Challenges v2.0 by Mason A. Carpenter
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15 Chapters
1488 Verified Questions
1488 Flashcards
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Chapter 1: Introduction
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Sample Questions
Q1) _____ refers to a technique used to identify and assess the importance of key people,groups of people,or institutions that may significantly influence the success of a project or business.
A)Entrepreneurship
B)Strategic management
C)SWOT
D)Stakeholder analysis
E)Intrapreneurship
Answer: D
Q2) Work-flow software ensures that complex projects with more interdependent parts can be worked on collaboratively from anywhere.
A)True
B)False
Answer: True
Q3) _____ is a technique used to identify and assess the importance of key people,groups of people,or institutions that may significantly influence the success of a project,or business.
Answer: S takeholder analysis
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3
Chapter 2: International Trade and Foreign Direct Investment
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Sample Questions
Q1) The foreign direct investment made by a company is primarily a part of its long-term strategy.
A)True
B)False
Answer: True
Q2) Which of the following refers to a political philosophy which contends that every aspect of an individual's life should be controlled and dictated by a strong central government?
A)Totalitarianism
B)Pluralism
C)Anarchism
D)Capitalism
E)Democracy
Answer: A
Q3) A main differentiator of political systems is each system's philosophy on the rights of the individual and the group as well as the role of government.
A)True
B)False
Answer: True
Page 4
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Chapter 3: Culture and Business
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Sample Questions
Q1) According to Geert Hofstede,values are mostly conscious.
A)True
B)False
Answer: False
Q2) The Western languages follow the traditional and the more singular definition of culture,where the word often implies refinement.
A)True
B)False
Answer: True
Q3) In the East,looking into someone's eyes implies:
A)lack of confidence.
B)confidence.
C)attraction.
D)respect.
E)disrespect.
Answer: E
Q4) The teachings and experiences in a particular culture decide the reasoning and the _____ of the people.
Answer: value system
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Chapter 4: World Economies
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Q1) The _____ refers to the Basic Law of Germany,which guarantees private enterprise and private property.
A)Gesetz
B)Grundgesetz
C)Marktwirtschaft
D)Steuer
E)Schutzmann
Q2) General Secretary _____ was the first leader of the Soviet Union to end repressive political controls control on the media and the Russian culture in his efforts to implement a policy of glasnost.
A)Eduard Shevardnadze
B)Mikhail Gorbachev
C)Boris Yelstin
D)Leonid Brezhnev
E)Yuri Andropov
Q3) What are the areas where emerging economies share common features?
Q4) "Poverty is not a measure of income alone." Elaborate.
Q5) Developed countries tend to have high human development index (HDI) rankings.
A)True
B)False
6
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Chapter 5: Global and Regional Economic Cooperation and Integration
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Sample Questions
Q1) Taiwan has been prevented from membership because of the political issue with China and has only been granted observer status by the United Nations.
A)True
B)False
Q2) The Benelux countries refer to:
A)Belgium,Luxembourg,and Norway.
B)Belgium,Luxembourg,and the Netherlands.
C)Belarus,Luxembourg,and Norway.
D)Belgium,Latvia,and Norway.
E)Belarus,Latvia,and the Netherlands.
Q3) Government procurement and bidding,industrial standards,and subsidies are examples of tariff trade barriers.
A)True
B)False
Q4) The national deficit is the amount of borrowing that a country does from either the private sector or other countries.
A)True
B)False
Q5) What is the World Trade Organization (WTO)?
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Chapter 6: International Monetary System
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Q1) Trade deficit refers to the:
A)amount of borrowing that a country does from either the private sector or other countries.
B)market value of all final goods and services produced within a country in a given period.
C)accounting record of all monetary transactions between a country and the rest of the world.
D)value of imports being greater than the value of exports.
E)net inflow of investment to acquire a lasting management interest in an enterprise operating in an economy other than that of the investor.
Q2) The major significance of the _____ was that it was the first formal institution that governed international monetary systems.
A)Nixon Shock
B)Bretton Woods Agreement
C)Smithsonian Agreement
D)World Trade Organization
E)General Agreement on Tariffs and Trade
Q3) _____ is defined as a unit of account that is used as a medium of exchange in transactions.
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Page 8
Chapter 7: Foreign Exchange and the Global Capital Markets
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Q1) _____ refers to the money that is invested in return for a percentage of ownership but is not guaranteed in terms of repayment.
A)Bid
B)Ask
C)Currency swap
D)Currency conversion
E)Equity
Q2) How do you differentiate between a futures contract and a forward contract?
Q3) VCs are characterized primarily by their investments in smaller,high-growth firms that are considered riskier than traditional investments.
A)True
B)False
Q4) The low appeal of the Eurocurrency market among borrowers is primarily because the market is highly regulatory,giving rise to prohibitive costs.
A)True
B)False
Q5) What are termed as "majors" in the financial market?
Page 9
Q6) The _____ is the mechanism in which currencies can be bought and sold.
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Chapter 8: International Expansion and Global Market Opportunity Assessment
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Sample Questions
Q1) According to the CAGE framework,difference in religions is representative of the _____ distance between countries.
Q2) Consumer safari refers to the initiatives taken by Unilever executives to spend a day with consumers in their homes to:
A)understand how they use products.
B)convince them to use more Unilever products.
C)train them to make multiple use of their products.
D)estimate how many products they use.
E)help them set up cottage industries for their products.
Q3) _____ occurs when a company contracts with a third party to do some work on its behalf.
A)Exporting
B)Importing
C)Joint venture
D)Outsourcing
E)Insourcing
Q4) A _____ assessment works best with one situation or scenario but provides little direction when there is uncertainty about potential changes to critical features of the scenario.
10
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Chapter 9: Exporting,Importing,and Global Sourcing
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Q1) Which of the following statements holds true for the time draft?
A)The time draft is paid on the receipt of the goods by the importer.
B)The time draft is payable typically 30,60,90,or 120 days in the future as specified by the draft.
C)The time draft is paid on receipt of the draft (when it is "seen").
D)The time draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods.
E)The time draft is paid after a period of exactly one year after the delivery has been made to the importer.
Q2) _____ refers to a contractual,strategic partnership between two or more separate business entities to pursue a business opportunity together.
A)Joint venture
B)Licensing
C)Leasing
D)Acquisition
E)Franchising
Q3) The _____ created a framework that calls for cooperation between the customs administrations of different countries.
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11
Chapter 10: Strategy and International Business
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Sample Questions
Q1) _____ means that the firm seeks to make its products or provide its services at the lowest cost possible relative to its competitors while maintaining a quality that is acceptable to consumers.
A)Geographical scope
B)Differentiation
C)Offshoring
D)Cost-leadership strategy
E)Homesourcing
Q2) What are the two critical factors that organizations have to keep in mind when selecting differentiators?
Q3) _____ refers to a plan with a time horizon of one to three years and specifies concrete ways to implement the strategic plan.
A)Controlling
B)Organizational design
C)Organizing
D)Operational planning
E)Tactical planning
Q4) Explain vertical scope.
Q5) Explain multidomestic strategy.
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Chapter 11: Global Entrepreneurship and Intrapreneurship
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Sample Questions
Q1) A(n) _____ disruption targets noncustomers rather than low-end customers.
Q2) A(n) _____ refers to a business organization that seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.
A)born-global firm
B)spin-out firm
C)early internationalizing firm
D)young resource-poor firm
E)restructured existing firm
Q3) Intrapreneurship refers to a form of entrepreneurship that:
A)allows the hostile takeover of one organization by another.
B)leads to the establishment of a new business.
C)helps in the merger of two existing businesses.
D)takes place in a business that is already in existence.
E)helps in the demerger of an existing business.
Q4) The annual assessment of the national level of entrepreneurial activity across countries,started as a partnership between London Business School and Babson College,is known as the ??_____.
Q5) What are the factors that affect the ease with which business could be done in a country?
Page 13
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Chapter 12: Winning Through Effective,global Talent Management
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Sample Questions
Q1) A company should invest equally in training for all jobs rather than disproportionately investing more in developing people in the key strategic jobs on which the company's success is most dependent.
A)True
B)False
Q2) What factors contribute to expatriate failure in US-headquartered multinational firms?
Q3) Human capital refers to the:
A)accumulated benefits enjoyed by an organization as a result of the knowledge and life experiences that form an integral part of a new employee.
B)long-term cost that an organization bears in the recruitment,training,and retention of an employee.
C)economic benefits enjoyed by an organization's human resources.
D)collective sum of the attributes,life experiences,knowledge,inventiveness,energy,and enthusiasm that a company's employees choose to invest in their work.
E)financial impact of the human resources function on the overall functioning and performance of an organization.
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Page 14
Chapter 13: Harnessing the Engine of Global Innovation
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Q1) _____ is the intentional leveraging of the research,ideas,or technologies of outsiders,rather than relying solely on innovations generated from inside the company.
Q2) _____ provides rights similar or identical to those of copyright,although sometimes more limited and of shorter duration.
Q3) One method by which a company can manage and run open innovation is the _____ method wherein the company poses a challenge and offers a financial reward to the person,company,or team that solves the problem first.
Q4) _____ refers to a social structure made of nodes (which are generally individuals or organizations) that are connected by ties.
A)Social network
B)Social entrepreneurship
C)Social capital
D)Social mobility
E)Social engineering
Q5) _____ is the global nongovernmental organization tasked with coordinating and marshalling efforts to harmonize intellectual property rights among countries and regions.
Q6) What are Prahalad's "12 Principles of BOP Innovation"?
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Chapter 14: Competing Effectively Through Global
Marketing, Distribution, and Supply-Chain Management
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Sample Questions
Q1) What are the disadvantages of the multisourcing strategy?
Q2) The Los Altos firm-which performs global market research on everything from routers to software for clients including Cisco,HP,and Microsoft-has only 14 full-time employees.But it farms out research from Silicon Valley to India's Evalueserve and to some 5,000 other independent experts in China,the Czech Republic,and South Africa.The above serves as an example of:
A)open-sourcing.
B)in sourcing.
C)farmshoring.
D)home-sourcing.
E)outsourcing.
Q3) The four Ps of marketing are product,price,_____,and place.
Q4) _____ refers to the series of firms or individuals who facilitate the movement of the product from the producer to the final consumer.
Q5) What is market segmentation?
Q6) In the case of outsourcing,the firm retains control of the operations and directly hires the employees.
A)True
B)False
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Chapter 15: Understanding the Roles of Finance and Accounting in Global Competitive Advantage
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Sample Questions
Q1) Which of the following statements holds true for transnational investment?
A)It refers to the process of financing major projects such as plant expansion in different countries,entry into new countries,or research and development in new countries by taking loans from banks in the home country.
B)It refers to investing capital in foreign markets.
C)It refers to the organized trading of securities through exchanges.
D)It refers to seeking capital from foreign sources.
E)It refers to a technique that companies use to reduce the costs of cross-border payments between subsidiaries.
Q2) Companies face currency risk because they typically price their products and services in the local currency of each country in which they operate.
A)True
B)False
Q3) What alternatives to interest and speculative investments are approved by Sharia?
Q4) What is the role of government in terms of international business and finance?
Q5) Why do multinational firms choose to raise money in foreign markets?
Q6) Why do some firms choose a decentralized financial organization structure?
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Q7) _____ refers to the company-generated forecast of future spot exchange rates.