BUAD 331 FINAL Questions 100% Solved!

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 - ANSWERE) all of the above 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 shown cup to meeting on time - ANSWERdifferent ways of making decisions and approaching business which supply chain strategy is most popular with companies today? - ANSWERregional strategy that groups countries into clusters what is the most common way that countries agree to increase trade? - ANSWERthrough negotiating bilateral or multilateral FTAs when was the world trade organization founded? - ANSWER1995 the legal system used in the United States is based on - ANSWERcommon law True/False supply chain management has a widely accepted definition that does to vary substantially between countries - ANSWERfalse which framework is most useful for companies wanting to build an initial assessment of the general operating environment in a country? - ANSWEREPIC 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 - ANSWERall 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 - ANSWERmanagement stress and turnover a strike has just occurred at a key supplier. Which phase is the firm most likely dealing with? - ANSWERpre-due date phase when determining the potential for the likelihood of a particular event, a manager may rely on - ANSWERpast impacts in terms of cost AND 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? - ANSWERspatial risk assessment