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Newest 2025 BUAD 331 Final Exam
featuring accurate and verified
questions covering supply chain
management, logistics, operations
strategy, procurement, and inventory
control – graded A+.
Why might a company consider expanding its supply chain internationally? - ANSWER-All of the above
(To obtain access to lower-cost suppliers
To take advantage of a skilled labor base in another country
To support international expansion of sales
To fend off competition from an international competitor)
What is the biggest cause of difficulties in working with another culture? - ANSWER-Different ways of
making decisions and approaching business
Which supply chain strategy is most popular with companies today? - ANSWER-Regional strategy that
groups countries into clusters
What is the most common way that countries agree to increase trade? - ANSWER-Through negotiating
bilateral or multilateral FTAs
When was the World Trade Organization founded? - ANSWER-1995
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The legal system used in the United States is based on: - ANSWER-common law.
Supply chain management has a widely accepted definition that does not vary substantially between
countries. - ANSWER-False
Which framework is most useful for companies wanting to build an initial assessment of the general
operating environment in a country? - ANSWER-EPIC
What events can result in a supply chain disruption? - ANSWER-All of the above (Natural disasters like
floods
Supplier bankruptcy
Plant fire at a supplier)
Which of the following was NOT discussed as examples of disruption impacts? - ANSWER-Management
stress and turnover
A strike has just occurred at a key supplier. Which phase is the firm most likely dealing with? - ANSWER-
Pre-Due date phase
When determining the potential for the likelihood of a particular event, a manager may rely on: -
ANSWER-Both B and C (historical 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? - ANSWER-Spatial 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 - ANSWER-continuity.
Newest 2025 BUAD 331 Final Exam
featuring accurate and verified
questions covering supply chain
management, logistics, operations
strategy, procurement, and inventory
control – graded A+.
Why might a company consider expanding its supply chain internationally? - ANSWER-All of the above
(To obtain access to lower-cost suppliers
To take advantage of a skilled labor base in another country
To support international expansion of sales
To fend off competition from an international competitor)
What is the biggest cause of difficulties in working with another culture? - ANSWER-Different ways of
making decisions and approaching business
Which supply chain strategy is most popular with companies today? - ANSWER-Regional strategy that
groups countries into clusters
What is the most common way that countries agree to increase trade? - ANSWER-Through negotiating
bilateral or multilateral FTAs
When was the World Trade Organization founded? - ANSWER-1995
, 2|Page
The legal system used in the United States is based on: - ANSWER-common law.
Supply chain management has a widely accepted definition that does not vary substantially between
countries. - ANSWER-False
Which framework is most useful for companies wanting to build an initial assessment of the general
operating environment in a country? - ANSWER-EPIC
What events can result in a supply chain disruption? - ANSWER-All of the above (Natural disasters like
floods
Supplier bankruptcy
Plant fire at a supplier)
Which of the following was NOT discussed as examples of disruption impacts? - ANSWER-Management
stress and turnover
A strike has just occurred at a key supplier. Which phase is the firm most likely dealing with? - ANSWER-
Pre-Due date phase
When determining the potential for the likelihood of a particular event, a manager may rely on: -
ANSWER-Both B and C (historical 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? - ANSWER-Spatial 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 - ANSWER-continuity.
