BUAD 331 Actual Exam ( Questions and Answers
Verified Solutions Latest Update
Question 1.
Supply chain connections that consist of cognitive and/or emotional interactions
among people that work
in the supply chain, through which each party seeks to elicit a feeling, object, or
behavior are called
Correct Answer: Social Exchanges
Question 2.
A contract relationship that is at arms-length, focuses on commercial transactions,
and mitigates risk is
consider a
Correct Answer: Transactional Contract
Question 3.
In our example from the text, what problem could arise if Volkswagen were to build
too strong of a
relationship with a small audio equipment company, creating an agreement with a
fixed, low price?
Correct Answer: Both a and c could be possible problems for VW.
Question 4.
When the product needed is commoditized and price is the primary variable driving
the transaction
decision, it is often advisable that the firm
Correct Answer: Avoid constructing a relationship, and use economic connections.
Question 5.
Creating partnerships that provide access to unique and valuable resources that
can serve as the basis for
outcompeting other businesses in the same sector in the long term is the idea
behind
Correct Answer: the relational view of competition.
Question 6.
When transactional rather than relational connections are of the greatest
importance, firms often employ
the use of
Correct Answer: Contracts
, Question 7.
Possible loss of proprietary ideas, product designs, and business processes could
be a negative in regard
to
Correct Answer: Information Sharing
Question 8.
A packaging manufacturer producing a special size and shape box, which costs a
bit more, for its most
strategic partner is an example of
Correct Answer: Relationship-specific adaptations
Question 9.
Partners that have systems, procedures, or routines connected seamlessly with the
other are considered to
be
Correct Answer: Operationally integrated
Question 10.
The presence of a relationship spiral indicates that
Correct Answer: There is momentum gaining either for or against the relationship
Question 11.
If Harley Davidson has many suppliers of seat covers to choose from, and quality is
held constant, it will
likely
Correct Answer: Enter into contractual agreements with several suppliers
Question 12.
Exchanges between supply chain partners are becoming more and more complex
due to globalization and
the proliferation of supplies, components, and information. As supply chains
become more complex,
firms naturally move toward
Correct Answer: operational integration and relationship-specific adaptations.
Question 13.
Which of the following is the primary issue enterprise systems are designed to
address?
Correct Answer: information fragmentation
Question 14.
Which ERP vendor entered the enterprise system nearly 30 years after the 1st
solution was introduced?
Verified Solutions Latest Update
Question 1.
Supply chain connections that consist of cognitive and/or emotional interactions
among people that work
in the supply chain, through which each party seeks to elicit a feeling, object, or
behavior are called
Correct Answer: Social Exchanges
Question 2.
A contract relationship that is at arms-length, focuses on commercial transactions,
and mitigates risk is
consider a
Correct Answer: Transactional Contract
Question 3.
In our example from the text, what problem could arise if Volkswagen were to build
too strong of a
relationship with a small audio equipment company, creating an agreement with a
fixed, low price?
Correct Answer: Both a and c could be possible problems for VW.
Question 4.
When the product needed is commoditized and price is the primary variable driving
the transaction
decision, it is often advisable that the firm
Correct Answer: Avoid constructing a relationship, and use economic connections.
Question 5.
Creating partnerships that provide access to unique and valuable resources that
can serve as the basis for
outcompeting other businesses in the same sector in the long term is the idea
behind
Correct Answer: the relational view of competition.
Question 6.
When transactional rather than relational connections are of the greatest
importance, firms often employ
the use of
Correct Answer: Contracts
, Question 7.
Possible loss of proprietary ideas, product designs, and business processes could
be a negative in regard
to
Correct Answer: Information Sharing
Question 8.
A packaging manufacturer producing a special size and shape box, which costs a
bit more, for its most
strategic partner is an example of
Correct Answer: Relationship-specific adaptations
Question 9.
Partners that have systems, procedures, or routines connected seamlessly with the
other are considered to
be
Correct Answer: Operationally integrated
Question 10.
The presence of a relationship spiral indicates that
Correct Answer: There is momentum gaining either for or against the relationship
Question 11.
If Harley Davidson has many suppliers of seat covers to choose from, and quality is
held constant, it will
likely
Correct Answer: Enter into contractual agreements with several suppliers
Question 12.
Exchanges between supply chain partners are becoming more and more complex
due to globalization and
the proliferation of supplies, components, and information. As supply chains
become more complex,
firms naturally move toward
Correct Answer: operational integration and relationship-specific adaptations.
Question 13.
Which of the following is the primary issue enterprise systems are designed to
address?
Correct Answer: information fragmentation
Question 14.
Which ERP vendor entered the enterprise system nearly 30 years after the 1st
solution was introduced?
