IB 439 EXAM 1 QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE 2025/2026
In the last 20 years, World Trade volumes (Exports and Imports) have - Answers 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 - Answers 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_______ - Answers China
In 2018, the worlds leading country in commercial services trade was ____________ - Answers
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_________________ - Answers Machinery and
Electrical
In terms of World Population, Indicate which statement is TRUE - Answers China, India, and the
United States are top three countries in population size
In terms of world logistics infrastructure, indicate which statement is false - Answers 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 - Answers Africa
According to Freedom House, in terms of political system (access to political rights and civil
liberties) more that 50% of the world is_____________ - Answers 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: - Answers 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 - Answers 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 - Answers dissemination of misconceptions
Indicate from the statements below, which one is an ADVANTAGE of globalization - Answers
Lower prices with high quality
Indicate from the statements below, which one is a DISADVANTAGE of globalization - Answers
Impact of the mix of cultures
, Indicate from the statements below, which one IS NOT an impact of globalization to supply
chain management - Answers Reduced Complexity
When compared to domestic logistics. International Logistics performance cycles are
____________ - Answers Longer, less consistent, and less flexible
Indicate from the statement below, which one IS NOT a challenge of Global Logistics - Answers
Decreasing consumer expectations of quality and service.
Complete the figure below from the article (1989) Yip-Global strategy in a world of nations: -
Answers (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: - Answers cultural, administrative,
geographic, economic
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? -
Answers Products that have a low value to weight or bulk ratio
Indicate from the list below, which one is the FALSE statement related to Business Strategic
Management - Answers Strategy is important because the resources available to achieve these
goals are usually unlimited
The strategy formulation process should consider the present forces in the modern
marketplace. The list below presents these current forces EXCEPT - Answers Increasing profit
margins
____________ define(s) the strategic emphasis that a firm places on certain performance
measures and operational capabilies within the value chain - Answers Competitive Priorities
A business focusing on increasing the efficiency of its operations is more directly addressing: -
Answers Lower cost
_______________ is a strategic planning technique used to help a person or organization identify
strengths, weaknesses, opportunities, and threats related to business competition or project
planning - Answers SWOT Analysis
_______________ is a method for analyzing competition of a business. It draw from industrial
organization economics to derive five forces that determine the competitive intensity and
therefore the attractiveness of an industry in terms of its profitability. - Answers Porters five
In the last 20 years, World Trade volumes (Exports and Imports) have - Answers 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 - Answers 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_______ - Answers China
In 2018, the worlds leading country in commercial services trade was ____________ - Answers
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_________________ - Answers Machinery and
Electrical
In terms of World Population, Indicate which statement is TRUE - Answers China, India, and the
United States are top three countries in population size
In terms of world logistics infrastructure, indicate which statement is false - Answers 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 - Answers Africa
According to Freedom House, in terms of political system (access to political rights and civil
liberties) more that 50% of the world is_____________ - Answers 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: - Answers 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 - Answers 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 - Answers dissemination of misconceptions
Indicate from the statements below, which one is an ADVANTAGE of globalization - Answers
Lower prices with high quality
Indicate from the statements below, which one is a DISADVANTAGE of globalization - Answers
Impact of the mix of cultures
, Indicate from the statements below, which one IS NOT an impact of globalization to supply
chain management - Answers Reduced Complexity
When compared to domestic logistics. International Logistics performance cycles are
____________ - Answers Longer, less consistent, and less flexible
Indicate from the statement below, which one IS NOT a challenge of Global Logistics - Answers
Decreasing consumer expectations of quality and service.
Complete the figure below from the article (1989) Yip-Global strategy in a world of nations: -
Answers (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: - Answers cultural, administrative,
geographic, economic
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? -
Answers Products that have a low value to weight or bulk ratio
Indicate from the list below, which one is the FALSE statement related to Business Strategic
Management - Answers Strategy is important because the resources available to achieve these
goals are usually unlimited
The strategy formulation process should consider the present forces in the modern
marketplace. The list below presents these current forces EXCEPT - Answers Increasing profit
margins
____________ define(s) the strategic emphasis that a firm places on certain performance
measures and operational capabilies within the value chain - Answers Competitive Priorities
A business focusing on increasing the efficiency of its operations is more directly addressing: -
Answers Lower cost
_______________ is a strategic planning technique used to help a person or organization identify
strengths, weaknesses, opportunities, and threats related to business competition or project
planning - Answers SWOT Analysis
_______________ is a method for analyzing competition of a business. It draw from industrial
organization economics to derive five forces that determine the competitive intensity and
therefore the attractiveness of an industry in terms of its profitability. - Answers Porters five
