Global Sourcing Final UPDATED Exam Questions and CORRECT Answers
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Course
Global Sourcing
Institution
Global Sourcing
Global Sourcing Final UPDATED Exam
Questions and CORRECT Answers
3 sourcing factors that depend on a country's economic development, rather than geographic
location: - Correct Answer- cost and availability of power (electricity), workers level of
knowledge and skills, and workers hourly wage...
Global Sourcing Final UPDATED Exam
Questions and CORRECT Answers
3 sourcing factors that depend on a country's economic development, rather than geographic
location: - Correct Answer- cost and availability of power (electricity), workers level of
knowledge and skills, and workers hourly wage
steps required for apparel factories to become certified by WRAP - Correct Answer- factory
applies to be evaluated by WRAP and pays fee, factory performs a three-month self-
assessment using WRAP guidelines and submits a report, factory hires a monitoring
organization to conduct an audit and complete a report for WRAP, based on WRAP
evaluation of the report, factory either has to improve certain issues, or is recommended to be
certified by WRAP
vendor - Correct Answer- delivers services or finished goods
customer - Correct Answer- contracts for delivery of services or goods
consolidator - Correct Answer- responsible for working with merchandise from multiple
companies to fill a container with the purpose of reducing shipping rates
sourcing agent - Correct Answer- assists a company in a foreign country with knowledge of
local culture, bureaucracy, and industry
basic goods calendar - Correct Answer- 35 weeks
traditional calendar - Correct Answer- 54 weeks
fashion goods calendar - Correct Answer- 25 weeks and less
3 sourcing factors that depend on geographic location - Correct Answer- likelihood and
frequency of natural disasters, delivery time from exporting country to importing, efficiency
and safety of transportation system
, two sizes that are standard container sizes for international shipping - Correct Answer- 20-
foot and 40-foot containers
regardless of profession, _______ is the US are paid about ______ percent more for doing the
same job than _____ are - Correct Answer- men, 20, women
according to a sourcing expert, ______ is the most important factor when selecting a country
for apparel production - Correct Answer- education
human development index compares well-being of population in different countries by using
three factors: GDP per capita, adult literacy rate, and life expectancy at birth - Correct
Answer- true
according to WTO, country of origin is defined now as the country where a substantial
transformation of apparel occurs during assembly process - Correct Answer- true
3 statements that correctly describe PLM systems and its capabilities: - Correct Answer-
implementing PLM allows companies to bring new products to consumer faster by
decreasing product development cycle at least by half, PLM is similar to GoogleDoc,
allowing professionals in different parts of the world to work on one product at the same
time, whether making changes to its design, specifications, planning production and
allocation, ordering fabric and trims, etc., and PLM stands for product lifecycle management
the role of a sourcing agent is to ______ - Correct Answer- facilitate communications
between a retailer or brand manager and a factory
when contracting with FOB factory, the sourcing firm ________. - Correct Answer- has to
approve all samples produced at the factory
3 statements that describe sourcing agents - Correct Answer- they are expected to be
knowledgeable about local culture, customs, business environment and factories conditions,
are often responsible for checking product quality, and are paid on a commission, which is
typically between 4 and 12 percent of the total merchandise
3 statements that describe sourcing intermediaries - Correct Answer- medium or large
businesses, own all input materials (fabric and trims) as well as manufactured merchandise
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