GSCM 211 Midterm Exam Questions and Answers 100% Pass

GSCM 211 Midterm Exam Questions and Answers 100% Pass As we consider entrance strategies from a supply chain perspective, we must be conscious of _____________, _____________, and ________________ questions associated with operating internationally. - Physical Operations, Service Operations, and Ownership What definition below best describes protectionism - The role of government in setting tariffs and quotas on imports whilst subsidizing domestic businesses Amazon has recently started purchasing their own Boeing 737 planes and delivery trucks so that they can move away from relying on UPS and can be their own third- party logistics company. This is an example of: - Insourcing Which of the following is a positive impact of globalization? .It reduces the carbon footprint of businesses as they conduct business across national borders .It helps politicians fight tariff battles 2Katelyn Whitman, All Rights Reserved © 2025 .It allows business people to travel more extensively, thereby providing opportunities for informal socialization .It increases the variety of products available to customers and often for a cheaper price - It increases the variety of products available to customers and often for a cheaper price When Covid-19 hit the United States a lot of people had to work from home rather than going to the office. What kind of sourcing is this? - Homeshoring Globalization typically refers to - An extension of the make or buy decision beyond national borders. Which of the following is the most famous trading blocs, where non-tariff barriers to trade have been collectively removed by member nations. It also has 27 members and was originally inspired by a small open borders trading union between Belgium, The Netherlands, and Luxembourg. - European Union Who is Thomas Friedman? - Someone who observed the world has moved from periods of being round (where trade barriers are high) to periods of being flat (where barriers to trade are lowered) Which of the following is an argument against globalization? - Opportunities are not equally dispersed around the world Which of the following is a benefit of Global Trade? 3Katelyn Whitman, All Rights Reserved © 2025 .All of the above .Raise the standard of living for both developed and developing nations .Experiencing automation .Jobs and investment are often exchanged and flow both ways - All of the above Which of the following does NOT apply to comparative advantage? - It suggests that companies should interact with local companies to cut down the distance goods must travel between buyers and suppliers, and to provide greater control over product quality and design. Why did it take decades for Kaizen to be internationally used by Toyota? - Requires close physical relationships with local parts supplier