BUAD 331 Final Exam 1.2 Questions & Answers(RATED A)

T/F: Supply chain management has a widely accepted definition that does not vary substantially between countries - ANSWERFalse What type of company will likely work with international supply chains? Large multinational company Regional company Small business All of the above - ANSWERall of the above T/F: Labor laws in the United States are generally seen to be more-friendly to the international worker than those in most other countries. - ANSWERfalse 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 - ANSWERall 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 - ANSWERall 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 - ANSWERIMF Two-thirds of the world's countries including France and Germany use what type of law as t