BUAD 331 questions with 100% complete solutions

BUAD 331 1- Supply chain management has a widely accepted definition that does not vary substantially between countries. True False - correct answer False What type of company will likely work with international supply chains? Large multinational company Regional company Small business All of the above - correct answer 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. True False - correct answer False Why might a company consider expanding its supply chain internationally? 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 All of the above - correct answer All of the above When entering a new international market, the following question(s) should be asked to understand cultural differences: How are decisions made? How are relationships approached How is success measured? A & B All of the above - correct answer 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. GATT WTO ITC IMF - correct answer IMF Two-thirds of the world's countries including France and Germany use what type of law as the basis for their legal system? Civil Law Common Law Trade Law International Law - correct answer Civil Law Products that are sold outside of normal distribution channels are referred to as "____________". White Markets Black Markets Gray Markets Blue Markets - correct answer Gray Markets The EPIC Framework is most useful when a company is trying to build ________________. a new warehouse an initial assessment of a countries operating environment new insights into the US labor market a detailed assessment of a specific foreign market - correct answer an initial assessment of a countries operating environment