BUAD 331 FINAL EXAM BUNDLE(COMPLETE PACKAGE)Questions & Answers 100% Correct

regional economic integration - ANSWERAgreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other Free Trade Area - ANSWERA group of countries committed to removin...

Focal firm (A) is likely to have most influence over: A) Tier 1 suppliers B) Tier 1 customers C) Tier 2 suppliers D) Tier 2 customers E) Initial suppliers - ANSWERA) Tier 1 suppliers Which supply chain strategy puts the MOST emphasis on effective planning, as it relies on these plans to dire...

What is a supply chain? - ANSWERA supply chain consists of the organizations, people, activities, information, and resources involved in moving a product or service from the origins of supply all the way to point of final consumption, and, increasingly, re-entering material that was not consumed bac...

Ways Organizations Create Value - ANSWEROrganizations create value by shaping the product (form utility), delivering it at the right time (time utility), and placing it where it's needed (place utility). Cost Leadership - ANSWERProviding products or services at the lowest cost. Differentiatio...

Name the major challenges of Global SCM - ANSWERRisk, raw material scarcity, complex governmental rules and regulations, environmental sustainability, coordination with global partners, cost pressure, local and regional consumer preferences What dimension of the country assessment framework invol...

Why might a company consider expanding its supplier chain internationally? -To obtain access to lower-cost suppliers -To take advantage of a skilled base in another country -To support international expansion of sales -To fend off competition from an international competitor - ANSWERAll of the a...

Why might a company consider expanding its supply chain internationally? - ANSWERTo 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 i...

Patagonia "Cause no unnecessary harm" Example - ANSWER1. Fix sustainability by going deep into the supply chain→ Suppliers 2. Farms supplying down feathers to Patagonia were force feeding Geese to fatten their livers for foie gras 3. Brokers charging migrant workers thousands of dollars for jo...

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 com...

Define order cycle time. - ANSWERThe total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as: - ANSWERlead time gap The econ...

T/F: Supply chain management has a widely accepted definition that does not vary substantially between countries - ANSWERFalse What type of company will likely work with international supply chains? Large multinational company Regional company Small business All of the above - ANSWERall of ...

Which of the following is not a technique for fulfilling customer orders? A. Supply cycle time B. Anticipate form, time, and place C. Full Postponement D. Make to stock, postpone time/place - ANSWERA. Supply cycle time Define order cycle time. A. The total cost of ownership combined with the...

Why might a company consider expanding its supply chain internationally? A. To obtain access to lower-cost suppliers B. To take advantage of a skilled labor base in another country C. To support international expansion of sales To fend off competition from an international competitor D. All of ...

How does Zara use its supply chain capabilities to generate competitive advantage? A. Stocking clothing far in advance of sales to ensure in-stock availability. B. Buying new seasonal clothing lines in bulk to take advantage of volume discounts from suppliers. C. Speeding cycle times of new fas...

Which economic utility is NOT a reason for students to buy textbooks on A? - ANSWERForm You walk into Ted's Wicked Dive Shop and order a custom-designed diving mask that is fitted to the specific dimensions of your face. You are really pumped up about the purchase and expect delivery in 10 days....

Logistics Management - ANSWERis the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements Supply Ch...

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 decision...

What is one major ISSUE that still exists in a lean fulfillment model: - ANSWERINVENTORY must be held in anticipation of customer orders Assuming company decided to adopt full agile/responsive order fulfillment, which case above would exemplify the costs associated with this strategy? - ANSWERTot...

Ted is approached by a diving goods supplier who tells him that he can reduce his purchasing price by half with ensured quality due to his lower cost structure resulting from his manufacturing locations in China. Should Ted accept the supplier's offer and why? a.) Yes, cutting the purchase cost ...

Which of the following is not a technique for fulfilling customer orders? A. Supply cycle time B. Anticipate form, time, and place C. Full Postponement D. Make to stock, postpone time/place - ANSWERA. Supply cycle time Define order cycle time. A. The total cost of ownership combined with the...

You are SC manager at cellphone Inc. and part of your job is to make recommendations on fulfillment techniques for various products. Boss wants to know which products would be most appropriately serviced using lean technique. You tell him... - ANSWERa basic phone with a high volume of predictable cu...

Challenges of Global Supply Chains - ANSWER- increased requirements for coordination between partners -cost pressure -high customer expectations -risk of SC disruptions and threats -high levels of material scarcity -different government rules and regulations -environmental concerns and sustain...

Information fragmentation - ANSWEREnterprise systems are primarily designed to address which of the following issues? a. Business process standardization b. Information fragmentation c. Lack of control over personnel work tasks d. None of the above Oracle - ANSWERWhich ERP vendor entered t...