BUSI 3250 FINAL EXAM ACTUAL QUESTIONS AND
ANSWERS SURE A+
✔✔At the end of World War 2, the UN called for the conference that set up the World
Bank and the IMF. This conference was held in - ✔✔Bretton Woods, New Hampshire
✔✔CIBER is an international business research and education program located at U.S.
universities. - ✔✔True
✔✔Often new exporters think that they won't have to localize their approach, assuming
that a marketing technique or distribution system that works in one country will work in
another. - ✔✔True
✔✔The sales agreement should specify as simply as possible the duties of the buyer
and the firm - ✔✔True
✔✔On an open account, the buyer assumes all of the payment risk - ✔✔False
✔✔A disadvantage for companies that insist on less risky transactions, such as a letter
of credit, is that they may be losing business to competitors who sell on open accounts -
✔✔True
✔✔Free trade zones are areas designated by the government of a country for duty-free
entry of imported goods - ✔✔True
✔✔A straight bill of lading is nonnegotiable - ✔✔True
✔✔Managers generally mention three areas is which they lack knowledge related to
exporting, including identification of foreign markets, export procedures, and -
✔✔payment and financing procedures
✔✔Once a firm has determined there is a need for the firms products in a foreign
market, the next step is to - ✔✔draft the export marketing plan
✔✔Which organization offers a matching service, bringing potential exporters together
with business partners in specific markets? - ✔✔U.S Department of Commerce
✔✔Outsourcing is hiring others to do noncore activities - ✔✔True
✔✔It has been argues that the ultimate goal of effective supply chain management
systems is to reduce inventory - ✔✔True
, ✔✔The "over-the-wall" approach to product design involves an initial step in which the
designers prepare the products design, followed by sending the newly created design to
the company's manufacturing engineers - ✔✔True
✔✔Logistics refers to managerial functions associated with the movement of raw
materials and work in progress, but not finished goods. - ✔✔False
✔✔When production equipment is similar, home office control of quality in foreign
affiliates is more difficult because management must ensure that all plants adhere to the
same standard - ✔✔False
✔✔Which of these measures would typically be used in measuring supply chain
performance? - ✔✔orders delivered on time
✔✔Using cross-functional and customers participation in the design stage is a type of
_______ engineering - ✔✔concurrent
✔✔What is a downside of flexible manufacturing? - ✔✔Changes in the production line
cost money
✔✔The output of a synchronized manufacturing system is set - ✔✔at the output of the
slowest operating that is working at full capacity
✔✔In synchronous manufacturing, a production increase at the bottleneck means an
increase - ✔✔for the entire production system
✔✔ The U.S enforcement of Equal Opportunity Commission (EEOC) law in the U.S
companies operating abroad is an example of extraterritorality. - ✔✔True
✔✔Intellectual property includes patents and trademarks, but not copyrights. - ✔✔False
✔✔The European Patent Organization (EPO) makes filing for a patent in all 28 EU
member states more difficult than it was previously. - ✔✔False
✔✔The logo that allows consumers to identify a company or product is an example of
trademark. - ✔✔True
✔✔Extraterritoriality refers to - ✔✔a nations attempt to enforce its law beyond its
borders.
✔✔If two English multinational companies had a dispute arising in New York City, and
there were no choice of law or choice of forum clauses in their contract, it is likely that -
✔✔they would bring their dispute to an English court.
ANSWERS SURE A+
✔✔At the end of World War 2, the UN called for the conference that set up the World
Bank and the IMF. This conference was held in - ✔✔Bretton Woods, New Hampshire
✔✔CIBER is an international business research and education program located at U.S.
universities. - ✔✔True
✔✔Often new exporters think that they won't have to localize their approach, assuming
that a marketing technique or distribution system that works in one country will work in
another. - ✔✔True
✔✔The sales agreement should specify as simply as possible the duties of the buyer
and the firm - ✔✔True
✔✔On an open account, the buyer assumes all of the payment risk - ✔✔False
✔✔A disadvantage for companies that insist on less risky transactions, such as a letter
of credit, is that they may be losing business to competitors who sell on open accounts -
✔✔True
✔✔Free trade zones are areas designated by the government of a country for duty-free
entry of imported goods - ✔✔True
✔✔A straight bill of lading is nonnegotiable - ✔✔True
✔✔Managers generally mention three areas is which they lack knowledge related to
exporting, including identification of foreign markets, export procedures, and -
✔✔payment and financing procedures
✔✔Once a firm has determined there is a need for the firms products in a foreign
market, the next step is to - ✔✔draft the export marketing plan
✔✔Which organization offers a matching service, bringing potential exporters together
with business partners in specific markets? - ✔✔U.S Department of Commerce
✔✔Outsourcing is hiring others to do noncore activities - ✔✔True
✔✔It has been argues that the ultimate goal of effective supply chain management
systems is to reduce inventory - ✔✔True
, ✔✔The "over-the-wall" approach to product design involves an initial step in which the
designers prepare the products design, followed by sending the newly created design to
the company's manufacturing engineers - ✔✔True
✔✔Logistics refers to managerial functions associated with the movement of raw
materials and work in progress, but not finished goods. - ✔✔False
✔✔When production equipment is similar, home office control of quality in foreign
affiliates is more difficult because management must ensure that all plants adhere to the
same standard - ✔✔False
✔✔Which of these measures would typically be used in measuring supply chain
performance? - ✔✔orders delivered on time
✔✔Using cross-functional and customers participation in the design stage is a type of
_______ engineering - ✔✔concurrent
✔✔What is a downside of flexible manufacturing? - ✔✔Changes in the production line
cost money
✔✔The output of a synchronized manufacturing system is set - ✔✔at the output of the
slowest operating that is working at full capacity
✔✔In synchronous manufacturing, a production increase at the bottleneck means an
increase - ✔✔for the entire production system
✔✔ The U.S enforcement of Equal Opportunity Commission (EEOC) law in the U.S
companies operating abroad is an example of extraterritorality. - ✔✔True
✔✔Intellectual property includes patents and trademarks, but not copyrights. - ✔✔False
✔✔The European Patent Organization (EPO) makes filing for a patent in all 28 EU
member states more difficult than it was previously. - ✔✔False
✔✔The logo that allows consumers to identify a company or product is an example of
trademark. - ✔✔True
✔✔Extraterritoriality refers to - ✔✔a nations attempt to enforce its law beyond its
borders.
✔✔If two English multinational companies had a dispute arising in New York City, and
there were no choice of law or choice of forum clauses in their contract, it is likely that -
✔✔they would bring their dispute to an English court.
