IB 439 Exam 1 UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
In the last 20 years, World Trade volumes (Exports and Imports) have - CORRECT ANSWER
Increased at an increased rate
A ____________ is a type of intergovernmental agreement, often part of a regional intergovernmental
organization, where barriers to trade (tariffs and others) are reduced or eliminated among the
participating states - CORRECT ANSWER Trade Bloc
The volume of World Merchandise Trade can be measured by the average of exports and imports. In
2022, the world's leading country in merchandise trade was_______ - CORRECT ANSWER
China
In 2018, the worlds leading country in commercial services trade was ____________ - CORRECT
ANSWER United States of America
According to the World Bank's World integrated Trade Solution database, the top product category
imported and exported by the USA is_________________ - CORRECT ANSWER Machinery
and Electrical
In terms of World Population, Indicate which statement is TRUE - CORRECT ANSWER
China, India, and the United States are top three countries in population size
In terms of world logistics infrastructure, indicate which statement is false - CORRECT ANSWER
The density of land network (rail lines and roads) is homogeneous across the world
According to AON's Political Risk Map, which world region from the list below has the highest risk
of political instability - CORRECT ANSWER Africa
According to Freedom House, in terms of political system (access to political rights and civil liberties)
more that 50% of the world is_____________ - CORRECT ANSWER Either party free or Not
free
, According to DHL's global connectedness index 2022 report, indicate which statement below is
FALSE related to recent globalization patterns: - CORRECT ANSWER The public policy
environment has become more favorable for globalization
Globalization is the process of international integration arising from the interchange of the following
factors, EXCEPT - CORRECT ANSWER the increased role of national government/ nation
states
In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization which
are listed below. EXCEPT - CORRECT ANSWER dissemination of misconceptions
Indicate from the statements below, which one is an ADVANTAGE of globalization - CORRECT
ANSWER Lower prices with high quality
Indicate from the statements below, which one is a DISADVANTAGE of globalization - CORRECT
ANSWER Impact of the mix of cultures
Indicate from the statements below, which one IS NOT an impact of globalization to supply chain
management - CORRECT ANSWER Reduced Complexity
When compared to domestic logistics. International Logistics performance cycles are ____________ -
CORRECT ANSWER Longer, less consistent, and less flexible
Indicate from the statement below, which one IS NOT a challenge of Global Logistics - CORRECT
ANSWER Decreasing consumer expectations of quality and service.
Complete the figure below from the article (1989) Yip-Global strategy in a world of nations: -
CORRECT ANSWER (I) National Strategic disadvantage. (II) Balanced Global and National
Strategic Advantage. (III) Global Strategic disadvantage
In the article (2001) Ghemawat - Distance still matters, the author presents the CAGE distance
framework. The CAGE framework helps managers identify and assess the impact of distance on
various industries. The upper part of the framework lists the key attributes underlying the four
dimensions of distance (C,A,G,E) and the lower portion shows how they affect different products and
industries. The four dimensions of distance are: - CORRECT ANSWER cultural,
administrative, geographic, economic
QUESTIONS AND CORRECT ANSWERS
In the last 20 years, World Trade volumes (Exports and Imports) have - CORRECT ANSWER
Increased at an increased rate
A ____________ is a type of intergovernmental agreement, often part of a regional intergovernmental
organization, where barriers to trade (tariffs and others) are reduced or eliminated among the
participating states - CORRECT ANSWER Trade Bloc
The volume of World Merchandise Trade can be measured by the average of exports and imports. In
2022, the world's leading country in merchandise trade was_______ - CORRECT ANSWER
China
In 2018, the worlds leading country in commercial services trade was ____________ - CORRECT
ANSWER United States of America
According to the World Bank's World integrated Trade Solution database, the top product category
imported and exported by the USA is_________________ - CORRECT ANSWER Machinery
and Electrical
In terms of World Population, Indicate which statement is TRUE - CORRECT ANSWER
China, India, and the United States are top three countries in population size
In terms of world logistics infrastructure, indicate which statement is false - CORRECT ANSWER
The density of land network (rail lines and roads) is homogeneous across the world
According to AON's Political Risk Map, which world region from the list below has the highest risk
of political instability - CORRECT ANSWER Africa
According to Freedom House, in terms of political system (access to political rights and civil liberties)
more that 50% of the world is_____________ - CORRECT ANSWER Either party free or Not
free
, According to DHL's global connectedness index 2022 report, indicate which statement below is
FALSE related to recent globalization patterns: - CORRECT ANSWER The public policy
environment has become more favorable for globalization
Globalization is the process of international integration arising from the interchange of the following
factors, EXCEPT - CORRECT ANSWER the increased role of national government/ nation
states
In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization which
are listed below. EXCEPT - CORRECT ANSWER dissemination of misconceptions
Indicate from the statements below, which one is an ADVANTAGE of globalization - CORRECT
ANSWER Lower prices with high quality
Indicate from the statements below, which one is a DISADVANTAGE of globalization - CORRECT
ANSWER Impact of the mix of cultures
Indicate from the statements below, which one IS NOT an impact of globalization to supply chain
management - CORRECT ANSWER Reduced Complexity
When compared to domestic logistics. International Logistics performance cycles are ____________ -
CORRECT ANSWER Longer, less consistent, and less flexible
Indicate from the statement below, which one IS NOT a challenge of Global Logistics - CORRECT
ANSWER Decreasing consumer expectations of quality and service.
Complete the figure below from the article (1989) Yip-Global strategy in a world of nations: -
CORRECT ANSWER (I) National Strategic disadvantage. (II) Balanced Global and National
Strategic Advantage. (III) Global Strategic disadvantage
In the article (2001) Ghemawat - Distance still matters, the author presents the CAGE distance
framework. The CAGE framework helps managers identify and assess the impact of distance on
various industries. The upper part of the framework lists the key attributes underlying the four
dimensions of distance (C,A,G,E) and the lower portion shows how they affect different products and
industries. The four dimensions of distance are: - CORRECT ANSWER cultural,
administrative, geographic, economic
