SCM 344 Quiz 1- Ch. 1&2
The Trade Act of 2002 requires exporters to electronically submit shipping documents to
U.S. Customs _____ hours after delivery to a port. - 24
Which of the following is not one of the essential factors for economic growth and
increased development of global trade flows? - Political standing
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 _____. - Theory of Absolute Advantage
Outsourcing involves: - Obtaining materials, services, parts, and/or products from other
companies.
The development of Logistics and supply chain started in the 1960s with the
development of the physical distribution concept. (True or False) - True
The Trade Act of 2002 requires exporters to electronically submit shipping documents to
U.S. Customs _____ hours after delivery to a port. - 24
Which of the following is not one of the essential factors for economic growth and
increased development of global trade flows? - Political standing
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 _____. - Theory of Absolute Advantage
Outsourcing involves: - Obtaining materials, services, parts, and/or products from other
companies.
The development of Logistics and supply chain started in the 1960s with the
development of the physical distribution concept. (True or False) - True
