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IBUS75 / Student Name: / Test 1
Question / Answer
1 / The “Wal-Mart effect” pushes manufacturers to sell products at ever-lower prices, often obtained by manufacturing abroad. T/F
2 / According to Thomas Friedman, individuals looking for jobs now compete with hundreds of other similarly trained applicants, coming for all corners of the world. T/F
3 / The single most important development in international ocean shipping was the creation of containers. T/F
4 / Logistics is often defined as a number of activities that deal with the physical aspects of the movement of goods. T/F
5 / Transportation decisions are more complicated in international logistics than they are in domestic logistics. T/F
6 / Transportation decisions are more complicated in international logistics than they are in domestic logistics. T/F
7 / As the size of ships has increased, ports have been challenged in keeping up with the ability to handle them. T/F
8 / The effectiveness of a port is often dependent upon the quality of the road and rail network to which it is connected. T/F
9 / The current trend in shipbuilding is toward post-Panamax ships. T/F
10 / Containerization is increasing in international shipping. T/F
11 / Railroad freight transport in the United States is a dying industry T/F
12 / Stacktrains carry containers 2 high. T/F
13 / The Ports Clean Truck Programs permits older trucks T/F
14 / One of the advantages of the Ports of Long & Los Angeles is relative labor stability T/F
15 / One of the advantages of the Ports of Long & Los Angeles is deep water T/F
16 / One of the advantages of the Ports of Long & Los Angeles is the rail network T/F
17 / International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world?
a. / the United States / d. / Japan
b. / Germany / e. / None of the above
c. / China
18 / NAFTA is a free-trade agreement between the countries of:
a. / North Africa / d. / North Asia
b. / North America / e. / None of the above
c. / North Atlantic
19 / The international environment presents challenges for the international logistician. Which aspect of the international business environment is most likely to create frustrations?
a. / cultural differences / d. / infrastructure constraints
b. / economic issues / e. / None of the above
c. / currency differences
20 / Ships too large to pass through the Panama Canal are called
a. / tramps. / d. / capesize ships.
b. / panamax ships. / e. / None of the above
c. / post-Panamax ships.