IB 439 Exam UPDATED Study ACTUAL
QUESTIONS AND CORRECT ANSWERS
Globalization is the process of international integration arising from the interchange of the following
factors, EXCEPT:
- products
-ideas / culture
-world views
-the increased role of national government / nation states - 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:
-capital and investment movements
-migration and movement of people
-trade and transactions
-dissemination of misconceptions - CORRECT ANSWER dissemination of misconceptions
Indicate from the statements below, which one is an ADVANTAGE of Globalization:
-Impact on small business
-Non-controlled circulation of money
-Lower prices with high quality
-Impact on inequality, the gap between the poor and the rich - CORRECT ANSWER Lower
prices with high quality
Indicate from the statements below, which one is a DISADVANTAGE of Globalization:
-Increase in production and consumption
-Increase in industrialization
-Impact of the mix of cultures
-Increase in welfare and prosperity - 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:
-Reduced Complexity
-Increased Risk and Uncertainty
-Changing Demographics, Wealth Redistribution, and Urbanization
-Global Trade Growth - CORRECT ANSWER Reduced Complexity
When compared to Domestic Logistics, International Logistics performance cycles are
____________.
-longer, less consistent, and less flexible
-shorter, more consistent, and less flexible
-longer, more consistent, and less flexible
-shorter, less consistent, and less flexible - CORRECT ANSWER longer, less consistent, and
less flexible
In the (2014) UTK Global Supply Chains report, the EPIC framework is presented (Economy,
Politics, Infrastructure, and Competence). The academic report identifies five best practices for
managing a complex and global supply chain. Indicate from the list below which statement is NOT
one of these practices:
-Establishment of a process to manage complexity, especially product complexity
-Human resources management that provides a talented team on the ground
-Development of improved forecasts throughout the supply chain for better demand anticipation
-Development of strong supplier collaborative partnerships - CORRECT ANSWER
Development of improved forecasts throughout the supply chain for better demand anticipation
In their 2006 article, Christopher, Peck, and Towill present a taxonomy for selecting global supply
chain strategies. In a situation that the global supply chain has supply characteristics with LONG lead
time and UNPREDICTABLE demand characteristics, the authors advise that the strategy selected
should be:
-Postponement
-Plan and Execute
-Continuous Replenishment
-Quick Response - CORRECT ANSWER Postponement
, In their 2006 article, Christopher, Peck, and Towill present a taxonomy for selecting global supply
chain strategies. In a situation that the global supply chain has supply characteristics with SHORT
lead time and PREDICTABLE demand characteristics, the authors advise that the strategy selected
should be:
-Plan and Execute
-Continuous Replenishment
-Postponement
-Quick Response - CORRECT ANSWER Continuous Replenishment
A global supply chain with offshoring increases the length and duration of information, product, and
cash flows. The impact of offshoring on raw material costs is:
-an increase or a decrease on procurement costs depending on raw material sourcing
-a systematic decrease on procurement costs
-no change on procurement costs.
-a systematic increase on procurement costs - CORRECT ANSWER an increase or a decrease
on procurement costs depending on raw material sourcing
Indicate from the statements below, which one IS NOT a challenge of Global Logistics:
-Governmental rules and regulations across the global supply chain
-Decreasing consumer expectations of quality and service
-Coordination between partners to integrate supply and demand
-Increased risk of supply chain disruptions - CORRECT ANSWER Decreasing consumer
expectations of quality and service
Using the CAGE framework, presented in the article (2001) Ghemawat - Distance Still Matters,
which product from the list below would experience a higher impact on Geographic Distance?
-Products that the demand varies with income level
-Products that have a low value-to-weight or bulk ratio
-Products that are vital to national security
-Products that have a high linguist content - CORRECT ANSWER Products that have a low
value-to-weight or bulk ratio
The ultimate strategic goal in Supply Chain Management is ____________.
QUESTIONS AND CORRECT ANSWERS
Globalization is the process of international integration arising from the interchange of the following
factors, EXCEPT:
- products
-ideas / culture
-world views
-the increased role of national government / nation states - 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:
-capital and investment movements
-migration and movement of people
-trade and transactions
-dissemination of misconceptions - CORRECT ANSWER dissemination of misconceptions
Indicate from the statements below, which one is an ADVANTAGE of Globalization:
-Impact on small business
-Non-controlled circulation of money
-Lower prices with high quality
-Impact on inequality, the gap between the poor and the rich - CORRECT ANSWER Lower
prices with high quality
Indicate from the statements below, which one is a DISADVANTAGE of Globalization:
-Increase in production and consumption
-Increase in industrialization
-Impact of the mix of cultures
-Increase in welfare and prosperity - 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:
-Reduced Complexity
-Increased Risk and Uncertainty
-Changing Demographics, Wealth Redistribution, and Urbanization
-Global Trade Growth - CORRECT ANSWER Reduced Complexity
When compared to Domestic Logistics, International Logistics performance cycles are
____________.
-longer, less consistent, and less flexible
-shorter, more consistent, and less flexible
-longer, more consistent, and less flexible
-shorter, less consistent, and less flexible - CORRECT ANSWER longer, less consistent, and
less flexible
In the (2014) UTK Global Supply Chains report, the EPIC framework is presented (Economy,
Politics, Infrastructure, and Competence). The academic report identifies five best practices for
managing a complex and global supply chain. Indicate from the list below which statement is NOT
one of these practices:
-Establishment of a process to manage complexity, especially product complexity
-Human resources management that provides a talented team on the ground
-Development of improved forecasts throughout the supply chain for better demand anticipation
-Development of strong supplier collaborative partnerships - CORRECT ANSWER
Development of improved forecasts throughout the supply chain for better demand anticipation
In their 2006 article, Christopher, Peck, and Towill present a taxonomy for selecting global supply
chain strategies. In a situation that the global supply chain has supply characteristics with LONG lead
time and UNPREDICTABLE demand characteristics, the authors advise that the strategy selected
should be:
-Postponement
-Plan and Execute
-Continuous Replenishment
-Quick Response - CORRECT ANSWER Postponement
, In their 2006 article, Christopher, Peck, and Towill present a taxonomy for selecting global supply
chain strategies. In a situation that the global supply chain has supply characteristics with SHORT
lead time and PREDICTABLE demand characteristics, the authors advise that the strategy selected
should be:
-Plan and Execute
-Continuous Replenishment
-Postponement
-Quick Response - CORRECT ANSWER Continuous Replenishment
A global supply chain with offshoring increases the length and duration of information, product, and
cash flows. The impact of offshoring on raw material costs is:
-an increase or a decrease on procurement costs depending on raw material sourcing
-a systematic decrease on procurement costs
-no change on procurement costs.
-a systematic increase on procurement costs - CORRECT ANSWER an increase or a decrease
on procurement costs depending on raw material sourcing
Indicate from the statements below, which one IS NOT a challenge of Global Logistics:
-Governmental rules and regulations across the global supply chain
-Decreasing consumer expectations of quality and service
-Coordination between partners to integrate supply and demand
-Increased risk of supply chain disruptions - CORRECT ANSWER Decreasing consumer
expectations of quality and service
Using the CAGE framework, presented in the article (2001) Ghemawat - Distance Still Matters,
which product from the list below would experience a higher impact on Geographic Distance?
-Products that the demand varies with income level
-Products that have a low value-to-weight or bulk ratio
-Products that are vital to national security
-Products that have a high linguist content - CORRECT ANSWER Products that have a low
value-to-weight or bulk ratio
The ultimate strategic goal in Supply Chain Management is ____________.
