BUAD 331 Final Exam UTK Questions With Complete Solutions
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Course
BUAD 331
Institution
BUAD 331
Why might a company consider expanding its supply chain internationally? correct answer: 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...
BUAD 331 Final Exam UTK Questions With Complete
Solutions
lenovo
[COMPANY NAME] [Company address]
, BUAD 331 Final Exam UTK Questions With Complete
Solutions
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
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.)
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