BUAD 331 LATEST 2026 EXAM QUESTIONS AND ANSWERS
RATED A+
✔✔Supply Chain Connection Composition (more relational flow) - ✔✔Relationship
specific adaptations, operational integration, information exchange, cooperative norms,
contractual bonds
✔✔Supply chain connections have both breadth and depth. Which of these is an
example of breadth? - ✔✔Multiple types of ties between persons across two
organizations
✔✔Adidas worried that it might experience suppressed sales due to - ✔✔Shortages of
key materials
✔✔When a supply chain connection is present in spider diagrams, that means: -
✔✔There is a meaningful exchange association between trading partners
✔✔Possible loss of proprietary ideas, product designs, and business processes could
be negative in regard to: - ✔✔Information Sharing
✔✔Partners that have systems, procedures, or routines connected seamlessly with the
other - ✔✔Operationally integrated
✔✔The presnce of a relationship spiral indicates - ✔✔There is momentum gaining for or
against the relationship
✔✔The supply chain driver that refers to the extent to which customer and supply
markets are connected - ✔✔market dynamism
✔✔If Harley Davidson has many suppliers of seat covers to choose from, quality held
constant, they should - ✔✔Enter into a contractual agreement with many suppliers
✔✔There is a shift occurring where competitive advantage is no longer realized on
product features alone, but instead on providing excellence through - ✔✔Better
availability and cost
✔✔When the product needed is commoditized and price is the primary variable during
the transaction decision - ✔✔Avoid constructing a relationship, and use economic
connections
✔✔Creating partnerships that provide access to unique and valuable resources that can
serve as the basis - ✔✔Te relational view of competition
, ✔✔Supply chain connection that consists of cognitive and/or emotional interactions
among people - ✔✔Social exchanges
✔✔Exchanges between supply chain partners are becoming more and more complex
due to globalization... - ✔✔Operational integration and relationship specific adaptations
✔✔International business - ✔✔A company engages in business in a country other than
its own
✔✔Global business - ✔✔A company that is heavily engages in international business
✔✔Sovereignty of Nations - ✔✔Each country sets its own laws within its territory and
has its own currency
✔✔Bretton Woods - ✔✔First international finance system that established a fixed
exchange rate that pegged currencies to the US dollar
Established IMF and World Bank
✔✔IMF - ✔✔International Monetary Fund
Agency that oversees exchange rates and assists member countries during times of
financial crisis
✔✔World Bank - ✔✔Created to help countries with their infrastructure and reduce
poverty
✔✔General Agreements on Tariffs and Trade (GATT) - ✔✔Goal to reduce tariffs and
facilitates international trade
✔✔World Trade Organization (WTO) - ✔✔In 1995, GATT was incorporated into this
All major economies are members
✔✔Free Trade Agreements - ✔✔Due to the difficulty with WTO, small collections of
countries have created their own
✔✔International Trade Commision - ✔✔U.S. Regulatory body that helps administer
international trade and provides advice to the U.S. government in this are
✔✔What is the most common way that countries agree to increase trade? - ✔✔Through
negotiating bilateral or multilateral FTAs
✔✔Transaction Exposure - ✔✔Purchasing materials or contract manufacturing and
having that countries currency fluctuate vs. the companies home currency
RATED A+
✔✔Supply Chain Connection Composition (more relational flow) - ✔✔Relationship
specific adaptations, operational integration, information exchange, cooperative norms,
contractual bonds
✔✔Supply chain connections have both breadth and depth. Which of these is an
example of breadth? - ✔✔Multiple types of ties between persons across two
organizations
✔✔Adidas worried that it might experience suppressed sales due to - ✔✔Shortages of
key materials
✔✔When a supply chain connection is present in spider diagrams, that means: -
✔✔There is a meaningful exchange association between trading partners
✔✔Possible loss of proprietary ideas, product designs, and business processes could
be negative in regard to: - ✔✔Information Sharing
✔✔Partners that have systems, procedures, or routines connected seamlessly with the
other - ✔✔Operationally integrated
✔✔The presnce of a relationship spiral indicates - ✔✔There is momentum gaining for or
against the relationship
✔✔The supply chain driver that refers to the extent to which customer and supply
markets are connected - ✔✔market dynamism
✔✔If Harley Davidson has many suppliers of seat covers to choose from, quality held
constant, they should - ✔✔Enter into a contractual agreement with many suppliers
✔✔There is a shift occurring where competitive advantage is no longer realized on
product features alone, but instead on providing excellence through - ✔✔Better
availability and cost
✔✔When the product needed is commoditized and price is the primary variable during
the transaction decision - ✔✔Avoid constructing a relationship, and use economic
connections
✔✔Creating partnerships that provide access to unique and valuable resources that can
serve as the basis - ✔✔Te relational view of competition
, ✔✔Supply chain connection that consists of cognitive and/or emotional interactions
among people - ✔✔Social exchanges
✔✔Exchanges between supply chain partners are becoming more and more complex
due to globalization... - ✔✔Operational integration and relationship specific adaptations
✔✔International business - ✔✔A company engages in business in a country other than
its own
✔✔Global business - ✔✔A company that is heavily engages in international business
✔✔Sovereignty of Nations - ✔✔Each country sets its own laws within its territory and
has its own currency
✔✔Bretton Woods - ✔✔First international finance system that established a fixed
exchange rate that pegged currencies to the US dollar
Established IMF and World Bank
✔✔IMF - ✔✔International Monetary Fund
Agency that oversees exchange rates and assists member countries during times of
financial crisis
✔✔World Bank - ✔✔Created to help countries with their infrastructure and reduce
poverty
✔✔General Agreements on Tariffs and Trade (GATT) - ✔✔Goal to reduce tariffs and
facilitates international trade
✔✔World Trade Organization (WTO) - ✔✔In 1995, GATT was incorporated into this
All major economies are members
✔✔Free Trade Agreements - ✔✔Due to the difficulty with WTO, small collections of
countries have created their own
✔✔International Trade Commision - ✔✔U.S. Regulatory body that helps administer
international trade and provides advice to the U.S. government in this are
✔✔What is the most common way that countries agree to increase trade? - ✔✔Through
negotiating bilateral or multilateral FTAs
✔✔Transaction Exposure - ✔✔Purchasing materials or contract manufacturing and
having that countries currency fluctuate vs. the companies home currency
