BUAD 331 UTK FINAL QUESTIONS WITH VERIFIED
ACCURATE ANSWERS
Which framework is most useful for companies wanting to build an initial assessment of
the general operating environment in a country? A. EPICB. CAGEC. SWOTD. FARM -
Answers -A. EPIC
What type of company will likely work with international supply chains? A. Large
multinational companyB. Regional companyC. Small businessD. All of the above -
Answers -D. All 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.A. GATTB. WTOC. ITCD. IMF - Answers -D. IMF
Products that are sold outside of normal distribution channels are referred to as
"____________".A. White MarketsB. Black MarketsC. Gray MarketsD. Blue Markets -
Answers -C. Gray Markets
Which is not an example of a supply chain disruption for Toyota?A. Toyota enacting a
voluntary recallB. The 2011 earthquake that forced Toyota and Honda to stop
productionC. The truck carrying a small load of Corollas being stolen from a truck
stopD. A competitor's sales cause Toyota's forecasted demand to drop - Answers -D. A
competitor's sales cause Toyota's forecasted demand to drop
What is the best way to categorize risk?A. Calculate exposure score using both
strategic and financial dimensionsB. Calculate exposure score using both mitigation and
management responsesC. Calculate responsiveness score using both exposure and
mitigation responsesD. Calculate mitigation score using both responsiveness and
exposure dimensions - Answers -A. Calculate exposure score using both strategic and
financial dimensions
Which of the following was NOT discussed as examples of disruption impacts?A.
Shortage of critical inputsB. Delays in product completionC. Management stress and
turnoverD. Loss in shareholder value - Answers -C. Management stress and turnover
A strike has just occurred at a key supplier. Which phase is the firm most likely dealing
with?A. Pre-disruption phaseB. Receipt phaseC. Domino phaseD. Pre-Due date phase -
Answers -D. Pre-Due date phase
What are the four steps in quantifying risk exposure?A. Create a plan, enable sourcing
efforts, meet regulatory standards on quality and improve flexibilityB. Determine the
ACCURATE ANSWERS
Which framework is most useful for companies wanting to build an initial assessment of
the general operating environment in a country? A. EPICB. CAGEC. SWOTD. FARM -
Answers -A. EPIC
What type of company will likely work with international supply chains? A. Large
multinational companyB. Regional companyC. Small businessD. All of the above -
Answers -D. All 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.A. GATTB. WTOC. ITCD. IMF - Answers -D. IMF
Products that are sold outside of normal distribution channels are referred to as
"____________".A. White MarketsB. Black MarketsC. Gray MarketsD. Blue Markets -
Answers -C. Gray Markets
Which is not an example of a supply chain disruption for Toyota?A. Toyota enacting a
voluntary recallB. The 2011 earthquake that forced Toyota and Honda to stop
productionC. The truck carrying a small load of Corollas being stolen from a truck
stopD. A competitor's sales cause Toyota's forecasted demand to drop - Answers -D. A
competitor's sales cause Toyota's forecasted demand to drop
What is the best way to categorize risk?A. Calculate exposure score using both
strategic and financial dimensionsB. Calculate exposure score using both mitigation and
management responsesC. Calculate responsiveness score using both exposure and
mitigation responsesD. Calculate mitigation score using both responsiveness and
exposure dimensions - Answers -A. Calculate exposure score using both strategic and
financial dimensions
Which of the following was NOT discussed as examples of disruption impacts?A.
Shortage of critical inputsB. Delays in product completionC. Management stress and
turnoverD. Loss in shareholder value - Answers -C. Management stress and turnover
A strike has just occurred at a key supplier. Which phase is the firm most likely dealing
with?A. Pre-disruption phaseB. Receipt phaseC. Domino phaseD. Pre-Due date phase -
Answers -D. Pre-Due date phase
What are the four steps in quantifying risk exposure?A. Create a plan, enable sourcing
efforts, meet regulatory standards on quality and improve flexibilityB. Determine the
