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Supply Chain Management a Logistics Perspective 10th Edition Coyle Test Bank

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  Supply Chain Management A Logistics Perspective 10th Edition Coyle Test Bank Download: http://testbanklive.com/download/supply-chain-management-a-logistics-perspective-10th-edition-coyle-test-bank/ Supply Chain Management A Logistics Perspective 10th Edition Coyle Solutions Manual Download: http://testbanklive.com/download/supply-chain-management-a-logistics-perspective-10th-edition-coyle-solutions-manual/  Chapter 2 Questions 1. Adam Smith in his renowned treatise, THE WEALTH OF NATIONS, provided not only a rationale for a market economy based upon competition, but also advanced a rationale for trade among nations called the …  a. Theory of Comparative Advantage b. Theory of Absolute Advantage c. Theory of Temporary Advantage d. Theory of Competitive Advantage 2. True or false, the underlying logic of Adam Smith ’s  theory was used to advance the rationalization what he called specialization of labor. 3. True or false, the central theme behind the theory of Comparative Advantage is that if one country has an advantage (lower cost) in the production of two products, they should focus on the production of both so that they gain the greatest advantage and trade when compared to other countries that may have a lesser advantage. 4. Which chose is not one of the essential factors for economic growth and increased development of global trade flows. a. population growth and age distribution b. urbanization c. land and resources d. knowledge dissemination e. geo-political standing 5. The top ten countries account for almost “ X ” % of the total world population. a. 75% b. 55% c. 60% d. 45% 6. As suggested, the aging populations in these countries will result in health care costs and/but in the size of the working population or labor pool. a. increased, a reduction b. increased, stagnation c. steady, a decrease d. nominal raises in, an increase   7. According to prediction, _, and will all house so called Megacities, whereas will not have any cities of this size. a. Asia, Europe and Latin America; North America b. Asia, Latin America and North America; Africa c. Africa, Europe and North America; Asia d. Asia, Latin America and North America; Europe  8. True or false, one could argue that its external role in recent years has moved technology ahead of globalization as an agent or driver of change. 9. True or false, from a customer service perspective, one of the four important characteristics for global market and strategy is technology companies counteract short product lifecycle with continual upgrades and new products. 10. , and United States, in that order. a. China, Mexico and Canada b. Canada, China and India c. Canada, Mexico and China d. Mexico, Canada and Australia are the top three recipients of exports from the   11. True of false, the Regional Trade Agreements, the establishment of the General Agreement on Tariffs and Trade (GATT) and its 1995 successor, the World Trade Organization (WTO) have together led to multilateral trade promotion and lowered barriers to international business transactions. 12. True or false, Honda and Toyota only manufacture automobiles in Japan. 13. True or false, tariffs and other trade barriers have been significantly reduced among many countries, allowing a much more competitive global economy. 14. Which one of the countries below is not part of NAFTA a. United States b. Canada c. Argentina d. Mexico 15. Which is not an important issue for economic development and vitality of the economy a. Migration b. Urbanization c. Entrepreneurship d. None of the above 16. True or f  al s e ,   U.S. ports can play a role in g l ob al   s upp l y cha i ns   s i nc e   over 50 percent of global trade U.S. passes through them. 17. Where is a megacity most likely to develop? a. Asia b. Canada c. France d. England    18. Which country is not one of the three top recipients of exports from the United States a. China b. Mexico c. Canada d. India 19. True or false, operating globally has become easier to accomplish for even individuals and small companies, because of the advances in information/communications technology. 20. True or false, from a customer service perspective, one of the four important characteristics for global market and strategy is companies need to attempt to standardize to reduce complexity, but they have to recognize that global markets need some customization global markets and strategy. 21. True or false, given the importance of global trade to the United States, a delicate balance exists between security and the efficient flow of global commerce. 22. The Trade Act of 2002 requires exporters to electronically submit shipping documents to U.S. Customs _hours after delivery to a port. a. 5 hours b. 48 hours c. 12 hours d. 24 hours e. 36 hours 23. True or false, The Trade Act of 2002 requires exporters to electronically submit shipping documents to U.S. Customs 24 hours before delivery to a port or 24 hours before vessel departure. 24. True or false, The Customs Trade Partnership Against Terrorism (C-TPAT) was put in place to assess the vulnerability of U.S. ports and to deny entry to ships from countries that do not meet U.S. security standards. 25. True or false, MFN stands for Many foreign nationals. 26. True or false, Reduced order cycle time has become an important part of supply chain management since it can lead to lower inventory levels for customers, improved cash flow, lower current assets and accounts receivable.
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