Scmn 3150 - Test #3, Scmn 3150 Test 3 Exam Questions (121 Terms) With Verified Definitions Updated 2024

What is the most complex and riskiest - but highest potential reward - method for becoming a global manufacturer? a. Joint Venture b. Contract manufacturing c. Direct investment d. Exporting {Ans: Direct investment}____________ involves the production of goods for sale in countries outside the home market of the organization. a. Global manufacturing b. Global logistics c. Global marketing d. Global sourcing {Ans: Global manufacturing}How far in advance does an organization need to provide documentation for freight entering the US via ocean carrier? a. 24 hours prior to loading b. 2 hours prior to arriving at US border c. 24 hours prior to arrival at a US port d. 1 week prior to loading {Ans: 24 hours prior to loading}This INCOTERM maximizes the effort, risk, and costs for the buyer (i.e., the importer {Ans: EXW - ex works}_______ focuses on planning, implementing, and controlling the cross-border flows of materials, money and information between companies in different countries. a.Global production b. Global marketing c. Global SCM d. Global sourcing {Ans: Global SCM}If problems with an import shipment are found at the border, Customs is required to send the goods back to the country of export. Ture or