FIL Chapter 3.1 & 3.2

What is the World Trade Organization (WTO) primarily concerned with?

• Protecting natural resources

• Enforcing immigration laws

• Regulating global finance

• Promoting international trade

What is the main purpose of the General Agreement on Tariffs and Trade (GATT)?

• Minimizing barriers to international trade

• Regulating labor standards

• Promoting cultural exchange

• Controlling global currency exchange rates

What is the key achievement of the GATT in terms of trade without discrimination?

• Exclusion of certain industries from trade agreements

• Imposition of tariffs on specific goods

• Preferential treatment for developed countries

• Equal treatment for all signatory members

What is the main function of logistics in supply chain management?

• Forecasting cash flows

• Quality control and defects management

• Strategic planning and organizing

• Efficient and cost-effective delivery of goods

GATT is an institution with legal authority to enforce trade agreements and resolve disputes

• True

• False

Due to long distance between destination, the ________ times for global supply chain would be longer.

Language barriers is one of the advantages of global logistics

• False

• True

Below are the challenges of global supply chain except...

• Accountability and complience

• Quality control and defects

• Market diversification

• Time zones

Business gain access to a more extensive selection is considered as opportunities to learn in the benefits of global supply chains.

• True

• False

Supply chain management provides the strategic direction that guides ________ and outbound logistics