Transportation: A Global Supply Chain Perspective 9th Edition by Robert A. Novack Test bank

DATE MODIFIED: 3/8/2018 2:07 AM
22.  Adam Smith wrote a book entitled:
a.  The China Syndrome
b.  Total Cost of Transport
c.  The Logistician’s Guide
d.  Wealth of Nations
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
REFERENCES: Page 11
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
DATE CREATED: 3/8/2018 2:12 AM
DATE MODIFIED: 3/8/2018 2:13 AM
23.  Another name for the Extended Enterprise perspective of the Supply Chain is:
a.  Boundary Spanning
b.  Slow and Low
c.  Flat Earth 
Chapter 01: Global Supply Chains: The Role and Importance of Transportation
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d.  Absolute Advantage
ANSWER: a
POINTS: 1
DIFFICULTY: Medium
REFERENCES: Page 22
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
DATE CREATED: 3/8/2018 2:14 AM
DATE MODIFIED: 3/8/2018 2:15 AM
24. 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
ANSWER: c
POINTS: 1
DIFFICULTY: Medium
REFERENCES: Page 26
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
DATE CREATED: 3/8/2018 2:17 AM
DATE MODIFIED: 3/8/2018 2:18 AM
25.  Advantages to globalization include:
a.  Lower prices
b.  Wider availability of goods and services
c.  New employment opportunities
d.  All of these are correct.
ANSWER: d
POINTS: 1
DIFFICULTY: Medium
REFERENCES: Page 18
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
DATE CREATED: 3/8/2018 2:19 AM
DATE MODIFIED: 3/8/2018 2:19 AM
26. What is a “graying population?”
ANSWER: A term that some economists and demographers use to describe a country with an increasing
number of citizens who are older the median age of the world population.
POINTS: 1
DIFFICULTY: Easy
Chapter 01: Global Supply Chains: The Role and Importance of Transportation
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REFERENCES: Page 14
QUESTION TYPE: Subjective Short Answer
HAS VARIABLES: False
DATE CREATED: 8/8/2015 2:43 AM
DATE MODIFIED: 8/13/2015 1:03 AM
27. What is a megacity?
ANSWER: A relatively new term to describe cities with populations over 10 million.
POINTS: 1
DIFFICULTY: Medium
REFERENCES: Page 16
QUESTION TYPE: Subjective Short Answer
HAS VARIABLES: False
DATE CREATED: 8/8/2015 2:51 AM
DATE MODIFIED: 8/13/2015 1:03 AM
28. What are the two important dimensions of technology?
ANSWER: Technology can be viewed as internal agent of change for organizations and also an external change
agent.
POINTS: 1
DIFFICULTY: Hard
REFERENCES: Page 17
QUESTION TYPE: Subjective Short Answer
HAS VARIABLES: False
DATE CREATED: 8/8/2015 2:53 AM
DATE MODIFIED: 8/13/2015 1:03 AM
29. Why was the development of the internet such an important external change agent?
ANSWER: It made information available in real time to large segments of the population via their personal
computers and other devices.
POINTS: 1
DIFFICULTY: Medium
REFERENCES: Page 17
QUESTION TYPE: Subjective Short Answer
HAS VARIABLES: False
DATE CREATED: 8/8/2015 2:54 AM
DATE MODIFIED: 8/14/2015 8:34 AM
30. Describe “3D” printing.
ANSWER: Also called additive manufacturing which will allow corporations and other organizations to
duplicate or make a physical copy of an object similar to what happens with 2-D copy machines.
POINTS: 1
DIFFICULTY: Medium
REFERENCES: Page 18
QUESTION TYPE: Subjective Short Answer
Chapter 01: Global Supply Chains: The Role and Importance of Transportation
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HAS VARIABLES: False
DATE CREATED: 8/8/2015 2:55 AM
DATE MODIFIED: 8/13/2015 1:03 AM
31. What factors have accounted for growth in the volume of global trade?
ANSWER: A number of factors came into play including economic growth, trade agreements, lower tariffs and
a greater acceptance of importing finished products that were manufactured in other countries as
opposed to only importing raw materials
POINTS: 1
DIFFICULTY: Medium
REFERENCES: Page 5
QUESTION TYPE: Essay
HAS VARIABLES: False
DATE CREATED: 8/8/2015 2:56 AM
DATE MODIFIED: 8/13/2015 1:03 AM
32. Differentiate between absolute and comparative advantage.
ANSWER: While both concepts provide a rationale for trade between regions or countries, there is a difference.
Absolute advantage postulates the trade is beneficial when the two regions or countries each have