BUAD 331 Quiz 5 Questions 100% Accurate!

Why might a company consider expanding its supply chain internationally? - ANSWERAll of the above: Lower cost supplier, skilled labor, international expansion, fend off competition 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 popular 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 (free trade agreements) When was the World Trade Organization created? - ANSWER1995 The legal system used in the US is based on? - ANSWERCommon law Supply chain management has a widely accepted definition that does not vary substantially between countries (T/F) - ANSWERFalse What framework is most useful for companies wanting to build an initial assessment of the general operating environment in a country? - ANSWEREPIC Which of the following is NOT discussed as examples of disruptive 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... - ANSWERhistorical information relative to past frequencies, subjective assessments based on knowledge What would be the best approach to use if a manager wants to assess risk 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 disruptive. ABC Company supply chain exhibits... - ANSWERContinuity Li