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BUAD 331 Final Exam|328 Questions and Answers |A+ Graded
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BUAD 331 Final Exam|328 Questionsand Answers |A+ Graded
Why might a company consider expanding its supply chain internationally?
A. To obtain access to lower-cost suppliers
B. To take advantage of a skilled labor base in another country
C. To support international expansion of sales
D. To fend off competition from an international competitor
E. All of the above - -E. All of the above
-What dimension of the country assessment framework involves the
strength of supply chain support businesses in the region?A.Competency
B.Economy
C.Politics
D.Infrastructure - -A.Competency
-Supply chain solutions that work in one region can be repeated as long as
you have the technology systems to connect all supply chain partners.
A. True
B. False - -B. False
-What is the biggest cause of difficulties in working with another culture?
A. Language differences
B. Different ways of making decisions and approaching business
C. Physical distance to the market
D. Not showing up to meetings on time - -B. Different ways of making
decisions and approaching business
-Which supply chain strategy is most popular with companies today?
A. Purely global manufacturing with very few global production locations
B. Purely local manufacturing with production in every market
C. Regional strategy that groups countries into clusters
D. High-tech strategy that uses software to overcome the problems - -C.
Regional strategy that groups countries into clusters
-What is the most common way that countries agree to increase trade?
A. Through unilateral removal of tariffs on imports
B. Through the GATT treaty agreement
C. Through WTO negotiations
D. Through negotiating bilateral or multilateral FTAs - -D. Through
negotiating bilateral or multilateral FTAs
-When was the World Trade Organization founded?
A. 1785
,B. 1895
C. 1905
D. 1995 - -D. 1995
-The legal system used in the United States is based on:
A. Napoleonic law.
B. common law.
C. civil law.
D. code law. - -B. common law.
-Supply chain management has a widely accepted definition that does not
vary substantially between countries.
A. True
B. False - -B. False
-Which framework is most useful for companies wanting to build an initial
assessment of the general operating environment in a country?
A. EPIC
B. CAGE
C. SWOT
D. FARM - -A. EPIC
-What type of company will likely work with international supply chains?
A. Large multinational company
B. Regional company
C. Small business
D. All of the above - -D. All of the above
-Labor laws in the United States are generally seen to be more-friendly to
the international worker than those in most other countries.
A. True
B. False - -B. False
-When entering a new international market, the following question(s) should
be asked to understand cultural differences:
A. How are decisions made?
B. How are relationships approached
C. How is success measured?
D. A & B
E. All of the above - -E. All of the above
-The _______ was created as an international agency to oversee the new
exchange rate system and to help bridge difficulties and financial crises in
individual member companies.
A. GATT
B. WTO
,C. ITC
D. IMF - -D. IMF
-Two-thirds of the world's countries including France and Germany use what
type of law as the basis for their legal system?
A. Civil Law
B. Common Law
C. Trade Law
D. International Law - -A. Civil Law
-Products that are sold outside of normal distribution channels are referred
to as "____________".
A. White Markets
B. Black Markets
C. Gray Markets
D. Blue Markets - -C. Gray Markets
-The EPIC Framework is most useful when a company is trying to build
________________.
A. a new warehouse
B. an initial assessment of a countries operating environment
C. new insights into the US labor market
D. a detailed assessment of a specific foreign market - -B. an initial
assessment of a countries operating environment
-Which term refers to products that are sold outside of an official distribution
channel, often causing problems for the original manufacturer?
A. Green Market
B. Black Market
C. White Market
D. Gray Market - -D. Gray Market
-Which is not an example of a supply chain disruption for Toyota?
A. Toyota enacting a voluntary recall
B. The 2011 earthquake that forced Toyota and Honda to stop production
C. The truck carrying a small load of Corollas being stolen from a truck stop
D. A competitor's sales cause Toyota's forecasted demand to drop - -D. A
competitor's sales cause Toyota's forecasted demand to drop
-What is the best way to categorize risk?
A. Calculate exposure score using both strategic and financial dimensions
B. Calculate exposure score using both mitigation and management
responses
C. Calculate responsiveness score using both exposure and mitigation
responses
, D. Calculate mitigation score using both responsiveness and exposure
dimensions - -A. Calculate exposure score using both strategic and financial
dimensions
-Which of the following is not an effective way to develop a risk
management culture?
A .KPIs linked to risk management
B. Cross functional governance structure
C. Escalate issues of non-compliance
D. Connection to commercial leadership - -C. Escalate issues of non-
compliance
-What events can result in a supply chain disruption?
A. Natural disasters like floods
B. Supplier bankruptcy
C. Plant fire at a supplier
D. All of the above - -D. All of the above
-Which of the following was NOT discussed as examples of disruption
impacts?
A. Shortage of critical inputs
B. Delays in product completion
C. Management stress and turnover
D. Loss in shareholder value - -C. Management stress and turnover
-A strike has just occurred at a key supplier. Which phase is the firm most
likely dealing with?
A. Pre-disruption phase
B. Receipt phase
C. Domino phase
D. Pre-Due date phase - -D. Pre-Due date phase
-What are the four steps in quantifying risk exposure?
A. Create a plan, enable sourcing efforts, meet regulatory standards on
quality and improve flexibility
B. Determine the impact of the risk, likelihood of the risk, status of actions
taken to reduce the risk, and exposure based on impact, likelihood and
preparedness
C. Determine resources for high risk mitigation, forecast mitigation
effectiveness, create a cross-functional governance structure and
incorporate effective KPIs
D. Determine which areas are ripe for theft, enable theft tracking devices,
involve government agencies to solve problems, continue to do business in
these areas - -B. Determine the impact of the risk, likelihood of the risk,
status of actions taken to reduce the risk, and exposure based on impact,
likelihood and preparedness
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