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BUAD 331 Supply Chain Exam 1 with Complete Solutions
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BUAD 331 Supply Chain Exam 1 with Complete Solutions What type of company will likely work with international supply chains?
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BUAD 331 Supply Chain Exam 1 with Complete SolutionsWhat type of company will likely work with international supply chains?
A. Large multinational company
B. Regional company
C. Small business
D. All of the above Correct Ans-D. All of the above
Labor laws in the United States are generally seen to be more-friendly to the international
worker than those in most other countries.
A. True
B. False Correct Ans-B. False
When entering a new international market, the following question(s) should be asked to
understand cultural differences:
A. How are decisions made?
B. How are relationships approached
C. How is success measured?
D. A & B
E. All of the above Correct Ans-E. All of the above
The _______ was created as an international agency to oversee the new exchange rate system
and to help bridge difficulties and financial crises in individual member companies.
,BUAD 331 Supply Chain Exam 1 with Complete Solutions
A. GATT
B. WTO
C. ITC
D. IMF Correct Ans-D. IMF
Two-thirds of the world's countries including France and Germany use what type of law as the
basis for their legal system?
A. Civil Law
B. Common Law
C. Trade Law
D. International Law Correct Ans-A. Civil Law
Products that are sold outside of normal distribution channels are referred to as
"____________".
A. White Markets
B. Black Markets
C. Gray Markets
D. Blue Markets Correct Ans-C. Gray Markets
The EPIC Framework is most useful when a company is trying to build ________________.
A. a new warehouse
B. an initial assessment of a countries operating environment
, BUAD 331 Supply Chain Exam 1 with Complete Solutions
C. new insights into the US labor market
D. a detailed assessment of a specific foreign market Correct Ans-B. an initial assessment
of a countries operating environment
Which term refers to products that are sold outside of an official distribution channel, often
causing problems for the original manufacturer?
A. Green Market
B. Black Market
C. White Market
D. Gray Market Correct Ans-D. Gray Market
Which is not an example of a supply chain disruption for Toyota?
A. Toyota enacting a voluntary recall
B. The 2011 earthquake that forced Toyota and Honda to stop production
C. The truck carrying a small load of Corollas being stolen from a truck stop
D. A competitor's sales cause Toyota's forecasted demand to drop Correct Ans-D. A
competitor's sales cause Toyota's forecasted demand to drop
What is the best way to categorize risk?
A. Calculate exposure score using both strategic and financial dimensions
B. Calculate exposure score using both mitigation and management responses
C. Calculate responsiveness score using both exposure and mitigation responses
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