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Questions # 1:

In which type of global supply chain coordination and governance do suppliers take full responsibility for process technology and make capital outlays for components on behalf of customers?

Options:
A.

Relational value chains

B.

Markets

C.

Captive value chains

D.

Modular value chains

Expert Solution
Questions # 2:

Why did corporations like General Motors and DuPont shift to relatively decentralized organizational structures?

Options:
A.

To reduce the importance of technology

B.

To increase economies of scale

C.

To improve adaptability to local conditions

D.

To enhance global competition

Expert Solution
Questions # 3:

What does the concept of separability of the flow of goods and the flow of ownership refer to?

Options:
A.

It signifies the ability to distinguish between the ownership of goods and their physical location.

B.

It highlights the importance of independent suppliers in foreign countries.

C.

It implies that multinational firms cannot engage in foreign direct investment.

D.

It means goods and ownership must always be physically located together.

Expert Solution
Questions # 4:

Which types of goods and contracts are NOT subject to the CISG? (Select ALL that apply)

Options:
A.

Sale of ships or aeroplanes

B.

The sale of stocks and shares

C.

Goods for private consumption and use such as personal effects

D.

Bonds and investment securities

E.

Auctioned goods

Expert Solution
Questions # 5:

Which of the following contracts is responsible for setting out the rights and obligations of the carrier and the shipper regarding the transportation of goods?

Options:
A.

Insurance contract

B.

Contract of finance

C.

Contract of carriage

D.

Sales contract

Expert Solution
Questions # 6:

What is the primary focus of the codification approach to supply chain knowledge management?

Options:
A.

Documenting historical data

B.

Personalizing knowledge access

C.

Making knowledge available centrally

D.

Extracting knowledge from individuals

Expert Solution
Questions # 7:

What is the minimum shipment documentation required for shipping by sea? (Select ALL thatapply)

Options:
A.

Certificate of origin

B.

Bill of lading

C.

Commercial invoice

D.

Packing list

E.

Pre-shipment inspection certificate

F.

Proforma invoice

Expert Solution
Questions # 8:

In the context of embedded teams within a global supply chain network, what is one of the key benefits associated with this approach?

Options:
A.

Team members primarily perform specialized tasks.

B.

Information sharing occurs less frequently.

C.

It eliminates the need for central team management.

D.

Team members develop social ties and interpersonal relations.

Expert Solution
Questions # 9:

What are common methods of payment used in international trade? (Select ALL that apply)

Options:
A.

Telegraphic transfer

B.

Mail transfer

C.

Banker's draft

D.

Debit card payment

E.

Documentary letter of credit (LC/LOC)

Expert Solution
Questions # 10:

What is the practice of following precedence in national legal systems called in Common Law?

Options:
A.

Jurisprudence constant

B.

Rule of law

C.

Judicial creativity

D.

Stare decisis

Expert Solution
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