FREE AND STUDY GAMES ABOUT MGMT 363 EXAM

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FREE AND STUDY GAMES ABOUT MGMT 363 EXAM

QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -57 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: Because agents tend to be individuals or very small firms, governments in some countries put them under

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labor law Question 2: Which of the following word best describes the organization within a typical firm around the activities currently associated with logistics before the 1950s?

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Fragmented Question 3: Until the end of the twentieth century, international trade was mostly concentrated among the developed countries of the Northern Hemisphere. Which country was the largest exporter in the world in 2019?

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China

Question 4: An advantage of parallel imports (or gray markets) is the increased amount of control that a company has over a product after it has been sold. This is good, especially, for luxury goods.

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False Question 5: Which of the following entry strategy has the highest capital investment?

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Wholly owned foreign enterprise Question 6: A software package that allows a company to ensure that it is in compliance with international rules, monitor the location of its goods, and optimize its shipping decisions, is generically called

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Global Trade Management Question 7: Which of the following is NOT considered as an advantage of using Licensing as an entry mode/strategy?

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A licensee can become the licensor's competitor Question 8: The International Product Life Cycle Theory explains why there are no televisions manufactured in Great Britain and the United States, although that technology was invented in those countries.

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True Question 9: Given the differences logistics managers may find in other countries and cultures, it is important for them to adapt to what is unfamiliar in those other countries and cultures.

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True Question 10: There are three types of factors included in the entry decision for an exporter: factors that are market-driven, factors that are company-driven, and factors that are product-driven.

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True

Question 11: When a distributor is involved in international trade, there are two sets of invoices: one set between the exporter and the distributor (who is also the importer), and a set of domestic invoices between the distributor and its customers.

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True Question 12: What is the imperative that drives companies to become more global?

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To aim for growth To meet customer needs To pursue knowledge Question 13: A distributor takes much less risk in its relationship with an exporter than does an agent and experiences much lower costs.

Answer:

False

Question 14: Which prefix best describes the spirit of globalization?

Answer:

Inter-

Question 15: Among characteristics of the Saint Lawrence Seaway is/are

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it links the Great Lakes to the Saint Lawrence River and the Atlantic Ocean Question 16: An exporter has the most control over its foreign sales through a(n)

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sales or marketing subsidiary

Question 17: Intellectual property protection is well protected worldwide

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False

Question 18: As a defense measure to keep invading military troops from using their railroads, Spain and Russia

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developed widths between the rails (gauges) different from those of the rest of Europe Question 19: When a company has a subsidiary in a foreign country, as far as the foreign country's government is concerned that subsidiary is

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the importer of record

Question 20: Usually, a distributor is located

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in the importing country Question 21: A country often enjoys a comparative advantage because of the abundance of a particular production factor (land, labor, capital, or entrepreneurship) within its borders.

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True Question 22: A crossing of the Suez Canal, which allows a ship to not have to go around the entire continent of Africa, can cost million dollars.

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True

Question 23: Who should franchise?

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Franchising is appropriate for retail operations that involve a service requiring low-level skills, such as fast-food restaurants, car-repair shops, hotels, and car rental outlets.Question 24: Which entry method is appropriate for a novice exporter or a company that is unable to dabble in the complexities of an occasional international transaction?

Answer:

ETC or EMC