1.If a Greek importer does not pay an American exporter on time, it is safe to assume they are being opportunistic because all international transactions must follow the same guidelines.

1. False
2. True

2. Whether entrepreneurship is encouraged or discouraged depends on formal institutions affecting entrepreneurs and start-up enterprises.

1. False
2. True

3. Microfinance emerged in response to the lack of financing for entrepreneurial opportunities in many developing countries.

1. False
2. True

4. The term "make-or-buy" is jargon referring most closely to which of the following?

1. Supplier or manufacturer
2. Domestic or foreign
3. In-house or outsourcing
4. Service or goods

5. Introducing the third-party logistics (3PL) providers may more effectively align the interests in the supply chain.

1. False
2. True

6. What are the two key elements behind achieving supply chain alignment?

1. Efficiency and flexibility
2. Power and trust
3. Adaptability and agility
4. Equity and efficiency

7. Product refers to:

1. Services that customers purchase.
2. Physical product that customers purchase.
3. Offerings that customers purchase.
4. All of these answers.