Test Bank for Supply Chain Management, Securing a Superior Global Edge, 1st Edition Venkataraman (All Chapters included)
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Course
CSCP - Certified Supply Chain Professional
Institution
CSCP - Certified Supply Chain Professional
Complete Test Bank for Supply Chain Management, Securing a Superior Global Edge, 1st Edition by Ray R. Venkataraman ; ISBN13: 9781544375571. (Full Chapters included Chapter 1 to 16)....Chapter 1: Introduction to Managing Global Supply Chains
Chapter 2: Global Supply Chain Strategy
Chapter 3: Sup...
Supply Chain Management, Securing a
Superior Global Edge
1st Edition by Ray R. Venkataraman
Complete Chapters Test Bank
are included (Ch 1 to 16)
** Immediate Download
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** All Chapters included
, Chapter 1: Introduction to Managing Global Supply Chains
Venkataraman_1e_TB_01_BBLearn9.1
1 In addition to increased revenue and decreased expense, which of the following are
critical new demands in the current global economy?
speed and flexibility
stability and transparency
structure and speed
flexibility and transparency
2 Which of the following refers to businesses who intend to operate outside of their
country of origin?
regionalism
internationalism
globalization
expansion
3 When the European Union (EU) was formed, what effect did it have on how
companies do business?
It hampered the ability of the EU to effectively trade with other countries.
It allowed companies to create new relationships which were beneficial to
business ventures and agreements.
It gave companies the ability to relax restriction by trading overseas.
It allowed companies to do business without the use of global supply chains.
4 A company in Mexico is shipping textiles to Canada. The textiles have been treated
with a chemical which is restricted in Canada. Which of the following is true?
The North American Free Trade Agreement (NAFTA) applies a tariff to those
materials which are restricted.
According to the United States Mexico Canada Agreement (USMCA),
environmental restrictions are determined by the product's country of origin.
Environmental policies are governed by The United States Mexico Canada
Agreement (USMCA) and must be adhered to by both countries.
, Chapter 1: Introduction to Managing Global Supply Chains
Because both the North American Free Trade Agreement (NAFTA) and the United
States Mexico Canada Agreement (USMCA) allow free trade, there are no
restrictions.
5 What did the World Trade Organization expand in its rules of international trade?
added countries involved
expanded supported good
added service offerings
expanded its reach
6 A U.S. chemical supply company manufactures an expensive chemical which is
sensitive to prolonged periods of temperature changes. They need to have a portion
of their manufacturing process for the next 2 years done at another plant as they
make repairs to their existing plant. Which is the best option for the company?
outsourcing to Canada because there is a company there which can provide the
same product at a reasonable price
offshoring in China because while they will not get the product quickly, it will
provide the cheapest labor
nearshoring in Mexico since it will provide the least distance for the product to
travel
reshoring because the production will be returning to the U.S. in 2 years
7 Why might a manufacturer choose to nearshore product instead of offshoring
product?
The company is better able to resolve issues that may arise in production.
Nearshoring generally provides more options in choosing providers.
The provider covers quality control, removing that from manufacturer cost.
Nearshoring can create better communication through reduced cultural
differences.
8 What are the primary risks of outsourcing global operations?
decreased quality and increased cost
trade blocks and over taxation
more competition and loss of business
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