Course Introduction
International Business
Pre-Test Questions
International Business explores the complexities of conducting commercial transactions and managing enterprises in a globalized environment. The course examines key topics such as cross-cultural communication, global market entry strategies, international trade theories, foreign direct investment, global supply chain management, and the impact of political, legal, and economic factors on multinational operations. Students gain a comprehensive understanding of the challenges and opportunities presented by international markets, and develop analytical tools necessary for strategic decision-making in a diverse and rapidly changing international business landscape.
Recommended Textbook
Supply Chain Management A Logistics Perspective 10th Edition by John J. Coyle
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15 Chapters
547 Verified Questions
547 Flashcards
Source URL: https://quizplus.com/study-set/1254
Page 2
Chapter 1: Supply Chain Management: an Overview
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34 Verified Questions
34 Flashcards
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Sample Questions
Q1) A critical outcome of the supply chain is to deliver:
A) profits.
B) the right product to the right place. C) cost/value.
D) on management's expectations.
Answer: B
Q2) Discuss how globalization and consolidation in supply have increased complexity. Answer: Globalization and consolidation in supply chains have increased the complexity for organizations in terms of SKUs, customer and supplier locations, transportation requirements, trade regulations, taxes, and so forth. Companies need to take steps to simplify, as much as possible, the various aspects of their supply chains. For example, the number of SKUs has expanded for many companies, which exacerbates problems for inventory management and order fulfillment. Consequently, companies have been rationalizing SKUs to eliminate the slow movers and items that do not contribute to profitability. Locations also need to be analyzed to eliminate high-cost or duplicative operations. Customer service levels need to be rationalized, as do vendors or supplier alternatives. Layers of complexity develop and may seem necessary, but organizations need to continually evaluate those areas of complexity by evaluating processes, training people, and exploiting technology.
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Page 3
Chapter 2: Global Dimensions of Supply Chains
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) While the total world population has been increasing on an absolute basis, the rate of increase has declined.
A)True
B)False
Answer: True
Q2) MFN stands for Many Foreign Nationals.
A)True
B)False
Answer: False
Q3) The underlying logic of Adam Smith's theory was used to advance the rationalization that he called specialization of labor.
A)True
B)False
Answer: True
Q4) The top ten countries account for almost "X"% of the total world population.
A) 75%
B) 55%
C) 60%
D) 45%
Answer: C
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Chapter 3: Role of Logistics in Supply Chains
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) As the dollar value of a product decreases, its inventory value decreases.
A)True
B)False
Answer: True
Q2) Logistics creates which utility through production forecasting, production scheduling, and inventory control?
A) Form utility
B) Quantity utility
C) Time utility
D) Possession utility Answer: B
Q3) A(n) _____ relationship exists between the cost of lost sales and inventory cost.
A) reverse
B) proportional
C) inverse
D) nonlinear Answer: C
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Page 5
Chapter 4: Distribution and Omni Channel Network Design
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38 Verified Questions
38 Flashcards
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Sample Questions
Q1) Simulation models:
A) guarantee optimum solutions.
B) generate SAILS reports.
C) search directly for the best warehouse configuration.
D) allow the decision maker to test the effects of alternative locations.
Q2) Labor-intensive industries place significant emphasis on the availability and cost of labor.
A)True
B)False
Q3) The grid technique will evaluate all transportation rates equally.
A)True
B)False
Q4) This type of fulfillment model has the manufacturer delivering its products directly to the retailers' stores.
A) Outsourced
B) Store-fulfillment
C) Flow-through
D) Integrated
E) None of these answers
Q5) What are the current trends governing site selection?
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Chapter 5: Sourcing Materials and Services
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) Which of these is not a form of purchasing?
A) Purchasing
B) Procurement
C) Process improvement
D) Sourcing
Q2) What vendor selection criteria are described by production capability, labor relations, and operating controls?
A) Capability
B) Quality
C) Reliability
D) Financial
Q3) Strategic sourcing as a process is far more broad and comprehensive than procurement. Overall, the process starts with the formation of a:
A) steering committee.
B) list of vendors.
C) decision as whether to make or buy.
D) list of criticals.
Q4) Define and discuss the four basic types of e-commerce business models used in procurement and sourcing.
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Chapter 6: Operations Producing Goods and Services
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37 Verified Questions
37 Flashcards
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Sample Questions
Q1) Offshoring is a term that means relocating an activity to a contract manufacturer in another country.
A)True
B)False
Q2) Routing flexibility is a term used in connection with how spare parts move through the supply chain.
A)True B)False
Q3) Packaging is very important in the manufacturing operation.
A)True
B)False
Q4) A project layout is:
A) a floor plan of the production facility.
B) a fixed location layout where the product remains in place for the duration of production.
C) a product-focused layout in which machines and workers are arranged according to the progressive sequence of operations.
D) a process-focused layout that groups together similar equipment or functions.
Q5) Discuss the role of packaging from a logistics perspective.
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Chapter 7: Demand Management
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34 Verified Questions
34 Flashcards
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Sample Questions
Q1) Demand management might be defined as focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions.
A)True
B)False
Q2) What are some of the logistical problems that may arise when supply and demand for a product are not aligned properly? What are some of the methods used to soften the effects of this imbalance?
Q3) There are four strategies that firms can use to balance supply and demand; price, lead time, inventory, and _____.
A) transportation
B) warehousing
C) customer service
D) production flexibility
E) none of these answers
Q4) External balancing methods involve managing production and inventory flexibility to help offset the imbalance of supply and demand.
A)True
B)False
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Chapter 8: Order Management and Customer Service
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) With the proper information on how a customer's interaction with the shipper drives the firm's costs, the firm can then segment its customers by profitability.
A)True
B)False
Q2) Reserve Inventory and Determine Delivery Date has traditionally been referred to as order processing.
A)True
B)False
Q3) Those customers who are in the "Danger Zone" segment are:
A) likely to switch to a competitor.
B) have been a customer for less than a year.
C) the least profitable.
D) are using ABC to drive down the price.
Q4) A driving force behind the attention to OTC cycle variability is safety stock. The absolute length of the order cycle will influence demand inventory.
A)True
B)False
Q5) Define and discuss the Order Management System.
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Chapter 9: Managing Inventory in the Supply Chain
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37 Verified Questions
37 Flashcards
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Sample Questions
Q1) JIT is a _____ system.
A) push
B) Pareto's law
C) MRP
D) pull
Q2) Ordering cost refers to the expense of placing an order for additional inventory and does not include the cost or expense of the product itself.
A)True
B)False
Q3) Capital cost focuses on the cost of capital tied up in _____ and the resulting lost opportunity from investing that capital elsewhere.
A) plants
B) inventory
C) distribution centers
D) WIP
Q4) Discuss dependent versus independent demand as it is related to inventory.
Q5) The ABC analysis is based on Pareto's law.
A)True
B)False
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Chapter 10: Distribution
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38 Verified Questions
38 Flashcards
Source URL: https://quizplus.com/quiz/24756
Sample Questions
Q1) The roles of the distribution center include _____.
A) balancing supply and demand
B) protecting against uncertainty and promoting transportation economies
C) promoting transportation economies
D) balancing supply and demand, protecting against uncertainty, and promoting transportation economies
Q2) Which of these is not a support function?
A) Inventory control
B) Safety, maintenance, and sanitation
C) Information technology
D) Movement and storage
Q3) Distribution operations help organizations overcome challenges, support other processes, and take advantage of economies of scale. Name and briefly discuss five roles that these operations play.
Q4) The primary tradeoffs and relationships between resources include the following:
A) space vs. equipment.
B) equipment vs. people.
C) people vs. space.
D) all of these answers.
Q5) Discuss facility layout and what factors should be considered.
Page 12
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Chapter 11: Transportation
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38 Verified Questions
38 Flashcards
Source URL: https://quizplus.com/quiz/24757
Sample Questions
Q1) The responsibility for transportation management is typically not assigned to any one management discipline in an organization.
A)True
B)False
Q2) Railroads have accessibility limitations.
A)True
B)False
Q3) All modes of transportation provide the same basic service.
A)True
B)False
Q4) Liner offers a global ocean freight transportation that schedules departures and arrivals between major ports.
A)True
B)False
Q5) Given the availability of information, transportation buying has become comparatively easy.
A)True
B)False
Q6) What are the three types of freight documentation? Discuss how each is used.
Page 13
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Chapter 12: Aligning Supply Chains
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35 Verified Questions
35 Flashcards
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Sample Questions
Q1) A horizontal relationship refers to firms on the same level in the supply chain.
A)True
B)False
Q2) Vertical integration refers to collaboration typically among buyers and sellers in the supply chain.
A)True
B)False
Q3) Approximately two-thirds of 3PL customers think their providers supply:
A) tactical or operational services.
B) strategic or integrative services.
C) trucking and warehouse services.
D) a firm that can supply a competency that is not core to the firm.
Q4) Whether the relationship may or may not be with a provider of logistics services, today's supply chain relationships are most effective when collaboration occurs among the _____ who are involved.
A) participants
B) third party logistics providers
C) customers
D) suppliers
Q5) What are the basic types of 3PL firms, and which are in most prevalent use?
Page 14
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Chapter 13: Supply Chain Performance Measurement and Financial Analysis
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) Channel structure management includes decisions regarding the use of outsourcing, channel inventories, _____, and channel structure.
A) cash-to-cash management
B) information systems
C) order cycle
D) KPIs
Q2) Evaluating current or potential supply chain performance metrics is not important to a sound logistics program.
A)True
B)False
Q3) There are four major categories that provide a useful way for examining logistics and supply chain performance. They are time, _____, cost, and supporting metrics.
A) delivery
B) KPIs
C) competition
D) quality
Q4) What is the "Order-to-Cash" cycle?
Q5) Discuss the Supply Chain Financial Impact on an organization.
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Chapter 14: Supply Chain Technology
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41 Verified Questions
41 Flashcards
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Sample Questions
Q1) Supply chain software that provides a platform for manufacturers, distributors, and retailers to aggregate and organize item-related data such as item number, price, description, and weight is called:
A) business intelligence tools.
B) supply chain collaboration tools.
C) spreadsheets and database tools.
D) data synchronization tools.
Q2) The term supply chain information system (SCIS) is defined as:
A) software that manages the supply chain.
B) technology that has enhanced the ability of companies to pay more attention to customers.
C) information systems that automate the flow of information between a firm and its suppliers.
D) process management software that may or may not use ASP applications.
Q3) Identify the four primary categories of supply chain software and discuss their primary functions.
Q4) When preparing to purchase and implement SCIS components, what issues and questions must managers address?
Q5) What is the role of enterprise resource planning systems in SCM?
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Chapter 15: Strategic Challenges and Change for Supply Chains
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35 Verified Questions
35 Flashcards
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Sample Questions
Q1) Which one of the various stages of sophistication and robustness associated with supply chain analytics focuses on questions such as what is likely to happen, what are the likely trends, and what are the results if certain events occur?
A) Descriptive
B) Predictive
C) Prescriptive
D) Cognitive
Q2) Which one of the choices below is NOT one of the various stages and levels of sophistication and robustness that is associated with supply chain analytics?
A) Descriptive
B) Predictive
C) Indicative
D) Cognitive
E) None of these answers
Q3) Both reverse and closed-loop systems are important strategies that impact sustainability in a positive manner.
A)True
B)False
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