Exam Questions and CORRECT Answers
Choose all correct answers about iPhones supply chain - CORRECT ANSWER - Iphone is
typical of many products that are the results of global supply chain
Iphones involves parts and labors from europe asia and america
Its difficult to make iohone entirrely om america
Apple competes with samsung but also ises parts from them
Where are our bananas from? - CORRECT ANSWER - Mostly from Latin America
What we do with bananas is likely to be applicable to vegetables or fruits below except for which
one? - CORRECT ANSWER - Strawberries
The UK imports how much of its fruits? - CORRECT ANSWER - 95%
Choose all correct answers regarding the origin of banana trade - CORRECT ANSWER -
It's dominated by a few companies such as dole, Chiquita, del monte, and Bonita
It started in the 19th century
The I'm imports roughly how much of its vegetables? - CORRECT ANSWER - Half
Which one is not Taylor's four principles of scientific management? - CORRECT
ANSWER - Learn from the managers
,The scientific method includes - CORRECT ANSWER - Making hypothesis
Asking questions
Examining results
Testing hypothesis
Choose all correct answers about the hawthorn study - CORRECT ANSWER - Secondary
data are pretty convient but may not meet our research purpose
Choose all correct answers about statistical interference - CORRECT ANSWER - Casual
relationship means that one causes the other to happen
Science is about making observations of the surroundings then carry out experiments to test
assumptions
Choose all correct answers about marketing basics - CORRECT ANSWER - Substitutable
products: I will take Diet Coke when Coke Zero is not available
Complementary products: cream and sugar sales go up when coffee sales go up
Landlords give renters first month free so that it's easy to attract new tenants
Choose all correct answers about utilities - CORRECT ANSWER - Best prices for
Christmas trees are after December 25 is an example of time utility
Baby carrots are large shaped to be small and cute therefore more expensive is an example of
form utility
, Kids eat up apple slices is an example of form utility
Choose all incorrect answers about the industrial revolution - CORRECT ANSWER -
Industrial revolution happened in Germany first
Industrial revolution started in the 19th century
Choose all correct answers about scal and scope economies - CORRECT ANSWER -
Walmart's is a typical example of economies of scope
Is postal service is a typical example of economies of scope in terms of geographic coverage
Choose all correct answers about economic utilities - CORRECT ANSWER - Gogurt is
more expensive than regular yogurts on a per unit basis because it has form utility
Place utility example; items in the vending machine on campuses are usually ore expensive than
the same ones at supermarkets
Choose all correct answers regarding encommerce - CORRECT ANSWER - There are still
many local differences in e commerce with payment methods taxes and languages
B2B is much greater than B2C in global e commerce.
There are still many local differences in e-commerce with payment methods, taxes, and
languages.
Starbucks' global supply chain involves the following aspects, choose all correct answers: -
CORRECT ANSWER - Planning for demand
Sourcing sustainable coffee beans