MGT 313 EXAM 3 QUESTIONS AND ANSWERS
100% CORRECT
capability building - ANSWER the process of improving and developing the skills, knowledge,
and abilities of individuals or organizations.
crowdsourced audit - ANSWER gathers information about factory conditions page directly
from workers using their mobile phones.
integrated supplier scorecards - ANSWER a tool that helps businesses evaluate and manage
their suppliers' performance against a set of metrics.
Private regulation - ANSWER also called private governance, refers to nongovernmental
institutions that govern—that is, enable and constrain—economic activities.
root cause analysis - ANSWER a structured process for identifying the underlying causes of an
issue or event, and then developing solutions to prevent it from happening again.
supplier development - ANSWER activities undertaken by companies to improve the
performance of page 389firms in their supply chains.
supply chain - ANSWER the multiple steps involved in the movement of a product or service
from the most distant supplier to the customer.
, supply chain audit - ANSWER a detailed review of a company's supply chain operations to
identify weaknesses, risks, and areas for improvement.
supply chain codes of conduct - ANSWER a set of documented standards and guidelines that
a company outlines for its suppliers, outlining the ethical and business practices they must
follow when conducting business with the company, ensuring that all parties within the
supply chain adhere to high standards regarding labor practices, environmental impact,
health and safety, and business ethics.
supply chain map - ANSWER a visual representation of the network of companies, people,
and activities involved in a company's supply chain.
Supply chain transparency - ANSWER what happens in a company's supply chain is fully
disclosed to stakeholders—as if seen through a clear glass window.
sweatshops - ANSWER a derogatory term referring to factories where workers toil long hours,
at low wages, and under unsafe conditions—its reputation can be harmed.
Tier-1 suppliers - ANSWER (sometimes called contractors) are hired to manufacture products
and provide them directly to the company.
tier-2 suppliers - ANSWER (sometimes called subcontractors), who may in turn work with
even more distant suppliers.
100% CORRECT
capability building - ANSWER the process of improving and developing the skills, knowledge,
and abilities of individuals or organizations.
crowdsourced audit - ANSWER gathers information about factory conditions page directly
from workers using their mobile phones.
integrated supplier scorecards - ANSWER a tool that helps businesses evaluate and manage
their suppliers' performance against a set of metrics.
Private regulation - ANSWER also called private governance, refers to nongovernmental
institutions that govern—that is, enable and constrain—economic activities.
root cause analysis - ANSWER a structured process for identifying the underlying causes of an
issue or event, and then developing solutions to prevent it from happening again.
supplier development - ANSWER activities undertaken by companies to improve the
performance of page 389firms in their supply chains.
supply chain - ANSWER the multiple steps involved in the movement of a product or service
from the most distant supplier to the customer.
, supply chain audit - ANSWER a detailed review of a company's supply chain operations to
identify weaknesses, risks, and areas for improvement.
supply chain codes of conduct - ANSWER a set of documented standards and guidelines that
a company outlines for its suppliers, outlining the ethical and business practices they must
follow when conducting business with the company, ensuring that all parties within the
supply chain adhere to high standards regarding labor practices, environmental impact,
health and safety, and business ethics.
supply chain map - ANSWER a visual representation of the network of companies, people,
and activities involved in a company's supply chain.
Supply chain transparency - ANSWER what happens in a company's supply chain is fully
disclosed to stakeholders—as if seen through a clear glass window.
sweatshops - ANSWER a derogatory term referring to factories where workers toil long hours,
at low wages, and under unsafe conditions—its reputation can be harmed.
Tier-1 suppliers - ANSWER (sometimes called contractors) are hired to manufacture products
and provide them directly to the company.
tier-2 suppliers - ANSWER (sometimes called subcontractors), who may in turn work with
even more distant suppliers.
