Buad 331 Final Questions 100% Solved!

What Events can result in a supply chain disruption? Natural disasters like floods Supplier bankruptcy Plant fire at a supplier All the above - ANSWERAll of the above Which of the following was not discussed as examples of disruption impacts? - ANSWERManagement stress and turnover A strike has just occurred at a key supplier. Which phase is the firm most likely dealing with? - ANSWERPre due date phase When determining the potential for the likelihood of a particular event, a manager may rely on: - ANSWERPast impacts in terms of cost and historical information relative to past frequencies What would be the best approach to use if a manager wants to assess rick across key locations across the globe? - ANSWERSpatial risk assessment ABC company anticipates a pending event and is able to re route product flow to avoid being disrupted. ABC Company supply chain exhibits - ANSWERContinuity Littlejohn company sources a critical component from a supplier in china and a supplier in Mexico. What type of continuity/resiliency capability does this best represent? - ANSWERMitigation capabilities Why might a company consider expanding its supply chain internationally? - ANSWERAll of the above What is the biggest cause of difficulties in working with another culture? - ANSWERDifferent ways of making decisions and approaching business Which supply chain strategy is most poplar with companies today? - ANSWERRegional strategy that groups countries into clusters What is the most common way that countries agree to increase trade? - ANSWERThrough negotiating bilateral or multilateral FTAs When was the World Trade Organization founded? - ANSWER1995 The legal system used in the inited states is based on - ANSWERCommon law. Supply chain management has widely accepted definition that does not vary substantially between countries - ANSWERFalse