BUAD 331 UTK Final Questions & 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 - ANSWERA. EPIC What type of company will likely work with international supply chains? A. Large multinational companyB. Regional companyC. Small businessD. All of the above - ANSWERD. 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 - ANSWERD. IMF Products that are sold outside of normal distribution channels are referred to as "____________".A. White MarketsB. Black MarketsC. Gray MarketsD. Blue Markets - ANSWERC. 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 - ANSWERD. 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 - ANSWERA. 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 - ANSWERC. 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 - ANSWERD. 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