SCM - FINAL EXAM COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
True - Duty drawbacks permit a refund of duties paid on imported
materials that are later exported.
False - A document which is drawn by the buyer's bank at the buyer's
request, and guarantees that the bank will pay the agreed-on amount when all
prescribed conditions, such as satisfactory delivery, have been completed, is
called a sight draft.
True - It is common for international trade disputes to be settled through
international arbitration partly because the costs of litigation exceed the costs of
arbitration.
True - The NAFTA, the EU, ASEAN and the WTO are all examples of Free
Trade Agreements which were designed to facilitate trade between and among
member countries.
False - A foreign trade zone (FTZ) in the U. S. is completely different in
purpose from a maquiladora in Mexico.
True - The governing convention on shipping terms and responsibilities
involved in international transportation is called INCOTERMS (International
Commercial Terms).
,True - Countertrade historically has been very common in the sale by U.S.
firms of armaments to other nations, but very uncommon in civilian procurement
projects.
True - Three approaches to global sourcing are to establish (1) regional
purchasing offices, (2) a global commodity management organization, and (3)
international purchasing offices.
False - The growth in international trade has come from an increase in the
international sale of goods, but not services.
well-developed domestic economy - Which of the following discourages
countertrade?
are designed to take advantage of low Mexican labor costs - Maquiladoras
in Mexico
better overall value - The most-cited reason for international trade is
lower labor rates must be considered in the context of productivity and quality -
When comparing the total cost of ownership from an international supplier
to that of a domestic supplier, the international supplier's
location of company's operations, overall organizational structure, location of key
suppliers, and structure of the purchasing function - The structure of a
global purchasing organization is influenced by
, is an attempt to apply a set of uniform commercial laws to global trade in goods -
The United Nation's Convention for the International Sale of Goods (CISG)
inland transportation delays in the supplier's country, time needed to procure
payment documentation, delays in domestic customs, and delays due to
heightened security requirements - Compared to domestic sourcing, when
sourcing offshore more lead time may be needed
because of
import broker - In international buying, the type of entity that normally
assists in locating suppliers and
handling documentation is a(n)
prohibits U.S. firms from providing or offering payments to officials of foreign
governments to obtain special advantages - The Foreign Corrupt Practices
Act (FCPA)
must have extensive knowledge and analysis of the country - When
sourcing offshore, a buyer
Unavailability of items domestically
Price (labor costs, exchange rate, equipment and processes)
Government pressures and trade regulations
Quality
Faster delivery Continuity of supply
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
True - Duty drawbacks permit a refund of duties paid on imported
materials that are later exported.
False - A document which is drawn by the buyer's bank at the buyer's
request, and guarantees that the bank will pay the agreed-on amount when all
prescribed conditions, such as satisfactory delivery, have been completed, is
called a sight draft.
True - It is common for international trade disputes to be settled through
international arbitration partly because the costs of litigation exceed the costs of
arbitration.
True - The NAFTA, the EU, ASEAN and the WTO are all examples of Free
Trade Agreements which were designed to facilitate trade between and among
member countries.
False - A foreign trade zone (FTZ) in the U. S. is completely different in
purpose from a maquiladora in Mexico.
True - The governing convention on shipping terms and responsibilities
involved in international transportation is called INCOTERMS (International
Commercial Terms).
,True - Countertrade historically has been very common in the sale by U.S.
firms of armaments to other nations, but very uncommon in civilian procurement
projects.
True - Three approaches to global sourcing are to establish (1) regional
purchasing offices, (2) a global commodity management organization, and (3)
international purchasing offices.
False - The growth in international trade has come from an increase in the
international sale of goods, but not services.
well-developed domestic economy - Which of the following discourages
countertrade?
are designed to take advantage of low Mexican labor costs - Maquiladoras
in Mexico
better overall value - The most-cited reason for international trade is
lower labor rates must be considered in the context of productivity and quality -
When comparing the total cost of ownership from an international supplier
to that of a domestic supplier, the international supplier's
location of company's operations, overall organizational structure, location of key
suppliers, and structure of the purchasing function - The structure of a
global purchasing organization is influenced by
, is an attempt to apply a set of uniform commercial laws to global trade in goods -
The United Nation's Convention for the International Sale of Goods (CISG)
inland transportation delays in the supplier's country, time needed to procure
payment documentation, delays in domestic customs, and delays due to
heightened security requirements - Compared to domestic sourcing, when
sourcing offshore more lead time may be needed
because of
import broker - In international buying, the type of entity that normally
assists in locating suppliers and
handling documentation is a(n)
prohibits U.S. firms from providing or offering payments to officials of foreign
governments to obtain special advantages - The Foreign Corrupt Practices
Act (FCPA)
must have extensive knowledge and analysis of the country - When
sourcing offshore, a buyer
Unavailability of items domestically
Price (labor costs, exchange rate, equipment and processes)
Government pressures and trade regulations
Quality
Faster delivery Continuity of supply
