BUAD 331 Final Exam Set 1 With Simple And Correct Answers
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Course
BUAD 331 Fin
Institution
BUAD 331 Fin
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
...
BUAD 331 Final Exam Set 1 With Simple
And Correct Answers
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 dimension of the country assessment framework involves the strength of supply
chain support businesses in the region? - CORRECT ANSWER-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 (T/F) - CORRECT ANSWER-
False
What is the biggest cause of difficulties in working with another culture - CORRECT
ANSWER-Different ways of making decisions and approaching business
Which supply chain strategy is most popular with companies today? - CORRECT
ANSWER-Regional strategy that groups countries into clusters
What is the most common way that countries agree to increase trade? - CORRECT
ANSWER-Through negotiating bilateral or multilateral FTAs
When was the world trade organization founded? - CORRECT ANSWER-1995
The legal system used in the United States is based on: - CORRECT ANSWER-
Common law
Supply chain management has a widely accepted definition that does not vary
substantially between countries (T/F) - CORRECT ANSWER-False
Which framework is most useful for companies wanting to build an initial assessment of
the general operating environment in a country? - CORRECT ANSWER-EPIC
What type of company will likely work with international supply chains? - CORRECT
ANSWER-Large multinational companies
Regional company
Small businesses
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