Deck 1: Global Supply Chains the Role and Importance of Transportation

Question 1

The volume of global trade over the course of the last 50 years has:

A) Remained almost constant
B) Doubled
C) Tripled
D) Decreased

Answer 1

Doubled

Question 2

In 2010, what was the approximate percentage of people in the United States who were 65 or older?

A) 15%
B) 10%
C) 5%
D) 20%

Answer 2

15%

Question 3

Which of the following countries is expected to have the largest population in 2050?

A) U.S.
B) China
C) India
D) Indonesia

Answer 3

India

Question 4

What positive outcomes have occurred in the global economy with increase interdependence:

A) Lower prices
B) Wider availability of goods
C) New employment opportunities
D) All of these are correct

Question 5

Which one of the following is not one of the major flows in a supply chain?

A) Information
B) Water
C) Financials/ cash
D) Products

Question 6

On the micro level, global interdependence has:

A) Increased competition
B) Decreased the level of complexity
C) Reduced outsourcing
D) Increased product lifecycles

Question 7

Transportation has been described as:

A) The glue that holds the supply chain together
B) The enabler of the underlying tactics and strategies for supply chains
C) An enabler for firms to compete in the growing and complex market place
D) All of these are correct

Question 8

Reverse logistics systems are developed for:

A) Returning unacceptable products
B) Returning rail box cars
C) Eliminating empty back hauls
D) Receiving payment from customers

Question 9

In 2030, what is the estimated percentage of the world's population that will live in urban areas?

A) 30%
B) 40%
C) 50%
D) 60%

Question 10

Which of the following countries have the largest export trade flows:

A) China
B) U.S.
C) Germany
D) Japan

Question 11

When did the supply chain management concept capture the attention of senior level executives in many organizations:

A) 1960's
B) 1980's
C) 1990's
D) 2000's

Question 12

The top importer in the world is:

A) China
B) Germany
C) Japan
D) U.S.

Question 13

Which of the following countries had the largest population in 2014?

A) U.S.
B) China
C) India
D) Indonesia

Question 14

One effective method to reduce the bullwhip effect in a supply chain is to replace inventory with:

A) Information
B) Outsourcing
C) TOFC service
D) Transportation

Question 15

What area of the world will have the largest number of megacities by 2015?

A) United States
B) South America
C) Africa
D) Asia

Question 16

There was spectacular growth in global trends after 1990. Why?

A) Greater acceptance of foreign produced manufactured products.
B) Elimination of trade agreements
C) Higher tariffs
D) All of these are correct

Question 17

Cash flow is important to organizations producing products for sale because it:

A) Reduces the need for working capital
B) Eliminates the need for checks to pay vendors
C) Provides bonus money for employees
D) None of these are correct

Question 18

Which of the following is consistent with a green supply chain strategy?

A) Reduce packaging materials
B) Ship small loads, more frequently
C) Use motor carriers instead of railroads
D) Shift to a group of suppliers located at a more distant location

Question 19

Forward information in the supply chain is utilized to provide:

A) Advanced shipment notices
B) Order status
C) Inventory availability
D) All of these are correct

Question 20

The top 30 countries account for about what percentage of the world's exports:

A) 25%
B) 50%
C) 80%
D) 90 %

Question 21

The size of a country's population is important because:

A) Governments must provide food
B) Land use increases
C) Labor is a prime factor for economic growth
D) Transportation networks must be developed

Question 22

Why was the development of the internet such an important external change agent?

Question 23

Describe the three phases of development for supply chain concept.

Question 24

Differentiate between absolute and comparative advantage.

Question 25

What is a megacity and why are they important for the future?

Question 26

What factors have accounted for growth in the volume of global trade?

Question 27

What is a megacity?

Question 28

Advantages to globalization include:

A) Lower prices
B) Wider availability of goods and services
C) New employment opportunities
D) All of these are correct.

Question 29

What are the two important dimensions of technology?

Question 30

What impact has robotics had on supply chains?

Question 31

Adam Smith wrote a book entitled:

A) The China Syndrome
B) Total Cost of Transport
C) The Logistician's Guide
D) Wealth of Nations

Question 32

What is the bullwhip effect and why is it important?

Question 33

What other demographics in addition to the size of a country's population are important for economic growth?

Question 34

Explain the three major flows in a supply chain.

Question 35

Describe "3D" printing.

Question 36

Why was information technology so impactful for businesses and other organizations?

Question 37

Another name for the Extended Enterprise perspective of the Supply Chain is:

A) Boundary Spanning
B) Slow and Low
C) Flat Earth
D) Absolute Advantage

Question 38

Which of the following countries are in the BRIC?

A) China, Bulgaria, Romania, and Indonesia
B) Brazil, Russia, India, and China
C) Mexico, Honduras, Panama, and El Salvador
D) Britain, Canada, Italy, and Russia

Question 39

What is a "graying population?"

Question 40

Why has P&G decided to jettison about half of their brands?