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BUAD 331 Final Exam|53 Questions with Answers
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BUAD 331 Final Exam|53Questions with Answers
Why might a company consider expanding its supply chain internationally? -
-All of the above (To obtain access to lower-cost suppliers
To take advantage of a skilled labor base in another country
To support international expansion of sales
To fend off competition from an international competitor)
-What is the biggest cause of difficulties in working with another culture? - -
Different ways of making decisions and approaching business
-Which supply chain strategy is most popular with companies today? - -
Regional strategy that groups countries into clusters
-What is the most common way that countries agree to increase trade? - -
Through negotiating bilateral or multilateral FTAs
-When was the World Trade Organization founded? - -1995
-The legal system used in the United States is based on: - -common law.
-Supply chain management has a widely accepted definition that does not
vary substantially between countries. - -False
-Which framework is most useful for companies wanting to build an initial
assessment of the general operating environment in a country? - -EPIC
-What events can result in a supply chain disruption? - -All of the above
(Natural disasters like floods
Supplier bankruptcy
Plant fire at a supplier)
-Which of the following was NOT discussed as examples of disruption
impacts? - -Management stress and turnover
-A strike has just occurred at a key supplier. Which phase is the firm most
likely dealing with? - -Pre-Due date phase
-When determining the potential for the likelihood of a particular event, a
manager may rely on: - -Both B and C (historical information relative to past
frequencies.
subjective assessments based on knowledge.)
, -What would be the best approach to use if a manager wants to assess risk
across key locations across the globe? - -Spatial risk assessment
-ABC Company anticipates a pending event and is able to re-route product
flow to avoid being disrupted. ABC Company supply chain exhibits - -
continuity.
-Littlejohn Company sources a critical component from a supplier in China
and a supplier in Mexico. What type of continuity/resiliency capability does
this best represent? - -Mitigation capabilities
-What fundamental mechanisms are needed to manage disruptions? - -Both
a and b (The ability to discover that disruptions are pending or realized
The ability to recover from disruptions)
-RFID is a technology that was discussed as an enabler of which capability? -
-Warning capabilities
-A manager can ________ the probability of natural disaster in the short term.
- -Neither increase or decrease
-What is true about events and disruptions? - -All disruptions stem from
events
-Auto Company's shipment of parts were stopped due to a railroad accident.
The parts were lifted from the rail car by helicopter and flow to the assemble
plant. Which capability that this best exhibit? - -Contingency capabilities
-Supply chain disruptions can be: - -All of the above (From natural disasters
From man-made events
Short in duration
Both a and b)
-Blasteren Company has been monitoring the weather very closely as a
hurricane is potentially headed towards their manufacturing plant in Florida.
What phase of disruption best describes our current situation? - -Pre-
disruption phase
-Disruptions can involve any of the following except? - -All of the above
(Unsafe products that cause a recall
Counterfeit parts
Shortage of needed inputs)
-A natural disaster occurred, but Company ABC's supply chain continued to
operate at a normal level. What does this exhibit? - -Continuity
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