Scm Exam 1

* Question 1

2 out of 2 points

| |

| The Bretton Woods Conference triggered the creation of the World Trade Organization in 1944.Answer | | | |

| Selected Answer: |  False |

Correct Answer: |  False |

| | | |

* Question 2

2 out of 2 points

| |

| According to Adam Smith, countries trade when they enjoy a comparative advantage over other countries in the production of a given product.Answer | | | |

| Selected Answer: |  False |

Correct Answer: |  False |

| | | |

* Question 3

2 out of 2 points

| |

| As the size of ships has increased, ports have been challenged in keeping up with the ability to handle them.Answer | | | |

| Selected Answer: |  True |

Correct Answer: |  True |

| | | |

* Question 4

2 out of 2 points

| |

| The most common problem with the utilities part of the national infrastructure is the availability of electricity.Answer | | | |

| Selected Answer: |  True |

Correct Answer: |  True |

| | | |

* Question 5

2 out of 2 points

| |

| Most export management corporations are small firms, typically with fewer than fifteen employees.Answer | | | |

| Selected Answer: |  True |

Correct Answer: |  True |

| | | |

* Question 6

2 out of 2 points

| |

| The company that develops a business product or concept and grants rights to a large number of intellectual property items all bundled in a business package is called a franchisor.Answer | | | |

| Selected Answer: |  True |

Correct Answer: |  True |

| | | |

* Question 7

2 out of 2 points

| |

| David Ricardo’s Theory of Comparative Advantage explains why countries that enjoy an absolute advantage in making certain goods can still prefer to purchase these products from other countries.Answer | | | |

| Selected Answer: |  True |

Correct Answer: |  True |

| | | |

* Question 8

2 out of 2 points

| |

| For security reasons, many companies...