BUAD 331 EXAM 4 QUESTIONS WITH VERIFIED
ACCURATE ANSWERS
Why might a company consider expanding its supply chain internationally? - Answers -
To obtain access to lower-cost suppliers, to take advantage of a skilled labor base, to
support international expansion of sales, and to fend off competition from an
international competitor.
What is the biggest cause of difficulties in working with another culture? - Answers -
Different ways of making decisions and approaching business
Which supply chain strategy is most popular with companies today? - Answers -
Regional strategy that groups countries into clusters
What dimension of the country assessment framework involves the strength of supply
chain support businesses in the region? - Answers -Competency
T/F Supply chain solutions that work in one region can be repeated as long as you have
the technology systems to connect all supply chain partners. - Answers -False
What is the most common way that countries agree to increase trade? - Answers -
Through negotiating bilateral or multilateral FTAs
When was the World Trade Organization founded? - Answers -1995
The legal system used in the United States is based on: - Answers -common law
T/F Supply chain management has a widely accepted definition that does not vary
substantially between countries. - Answers -False
Which framework is most useful for companies wanting to build an initial assessment of
the general operating environment in a country? - Answers -EPIC
What events can result in a supply chain disruption? - Answers -Natural disasters like
floods
Supplier bankruptcy
Plant fire at a supplier
Which is not an example of a supply chain disruption for Toyota? - Answers -A
competitor's sales cause Toyota's forecasted demand to drop.
What is the best way to categorize risk? - Answers -Calculate exposure score using
both strategic and financial dimensions.
ACCURATE ANSWERS
Why might a company consider expanding its supply chain internationally? - Answers -
To obtain access to lower-cost suppliers, to take advantage of a skilled labor base, to
support international expansion of sales, and to fend off competition from an
international competitor.
What is the biggest cause of difficulties in working with another culture? - Answers -
Different ways of making decisions and approaching business
Which supply chain strategy is most popular with companies today? - Answers -
Regional strategy that groups countries into clusters
What dimension of the country assessment framework involves the strength of supply
chain support businesses in the region? - Answers -Competency
T/F Supply chain solutions that work in one region can be repeated as long as you have
the technology systems to connect all supply chain partners. - Answers -False
What is the most common way that countries agree to increase trade? - Answers -
Through negotiating bilateral or multilateral FTAs
When was the World Trade Organization founded? - Answers -1995
The legal system used in the United States is based on: - Answers -common law
T/F Supply chain management has a widely accepted definition that does not vary
substantially between countries. - Answers -False
Which framework is most useful for companies wanting to build an initial assessment of
the general operating environment in a country? - Answers -EPIC
What events can result in a supply chain disruption? - Answers -Natural disasters like
floods
Supplier bankruptcy
Plant fire at a supplier
Which is not an example of a supply chain disruption for Toyota? - Answers -A
competitor's sales cause Toyota's forecasted demand to drop.
What is the best way to categorize risk? - Answers -Calculate exposure score using
both strategic and financial dimensions.
