BUAD 331 FINAL EXAM REVIEW (Terms & Questions) With Complete Solutions
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Module
BUAD 331
Institution
BUAD 331
BUAD 331 FINAL EXAM REVIEW (Terms
& Questions) With Complete Solutions
Name the major challenges of Global SCM Risk, raw material scarcity, complex
governmental rules and regulations, environmental sustainability, coordination with global
partners, cost pressure, local and regional consumer p...
BUAD 331 Final Modules Questions and Answers 100% Pass 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 D. To fend off competition from an international competitor E. All of the above ✔✔E. All of the abov e What dimension of the country assessment framework involves the strength of supply chain support businesses in the region? A.Competency B.Economy C.Politics D.Infrastructure ✔✔A.Competency Supply chain solutions that work in one region can be repeated as long as you have the technology systems to connect all supply chain partners. A. True B. False ✔✔B. False What is the biggest cause of difficulties in working with another culture? A. Langu age differences B. Different ways of making decisions and approaching business C. Physical distance to the market D. Not showing up to meetings on time ✔✔B. Different ways of making decisions and approaching business Which supply chain strategy is most po pular with companies today? A. Purely global manufacturing with very few global production locations B. Purely local manufacturing with production in every market C. Regional strategy that groups countries into clusters D. High -tech strategy that uses soft ware to overcome the problems ✔✔C. Regional strategy that groups countries into clusters What is the most common way that countries agree to increase trade? A. Through unilateral removal of tariffs on imports B. Through the GATT treaty agreement C. Throug h WTO negotiations D. Through negotiating bilateral or multilateral FTAs ✔✔D. Through negotiating bilateral or multilateral FTAs When was the World Trade Organization founded? A. 1785 B. 1895 C. 1905 D. 1995 ✔✔D. 1995 The legal system used in the United States is based on: A. Napoleonic law. B. common law. C. civil law. D. code law. ✔✔B. common law.
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