1. The use of various technologies such as cloud computing, IoT, and robotics, will primarily replace employees that make long-term sourcing and procurement decisions, but will not replace people making day-to-day, repetitive purchasing and procurement decisions.

true or false

2. Licensing is similar to exporting in that it does not require capital outlays, thereby reducing risk and increasing flexibility.

true or false

3. Radio frequency identification (RFID) technology can be very useful in tracking and tracing products that have long shelf lives, but RFID is of very limited use for products such as food and flowers that have limited shelf lives.

false or true

4. Products remaining in a free trade zone (also called a foreign trade zone) are not subject to duties or taxes until they are reshipped out of the zone into the country of destination. However, products in the FTZ cannot be processed, assembled, sorted or repackaged before reshipment.

true or false

5. Supply chains in developing countries are often characterized as having large numbers of intermediaries supplying an even larger number of small retailers.

true or false