BUAD 331 Final Exam UTK Questions with Complete Solutions 100% Verified Why might a company consider expanding its supply chain internationally? - Correct Answers All of the above (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 is the biggest cause of difficulties in working with another culture? - Correct Answers Different ways of making decisions and approaching business Which supply chain strategy is most popular with companies today? - Correct Answers Regional strategy that groups countries into clusters What is the most common way that countries agree to increase trade? - Correct Answers Through negotiating bilateral or multilateral FTAs When was the World Trade Organization founded? - Correct Answers 1995 The legal system used in the United States is based on: - Correct Answers common law.Supply chain management has a widely accepted definition that does not vary substantially between countries. - Correct Answers False Which framework is most useful for companies wanting to build an initial assessment of the general operating environment in a country? - Correct Answers EPIC What events can result in a supply chain disruption? - Correct Answers All of the above (Natural disasters like floods Supplier bankruptcy Plant fire at a supplier) Which of the following was NOT discussed as examples of disruption impacts? - Correct Answers Management stress and turnover 1 / 2
A strike has just occurred at a key supplier. Which phase is the firm most likely dealing with? - Correct Answers Pre-Due date phase When determining the potential for the likelihood of a particular event, a manager may rely on: - Correct Answers Both B and C (historical information relative to past frequencies.subjective assessments based on knowledge.) What would be the best approach to use if a manager wants to assess risk across key locations across the globe? - Correct Answers Spatial risk assessment ABC Company anticipates a pending event and is able to re-route product flow to avoid being disrupted. ABC Company supply chain exhibits - Correct Answers continuity.Littlejohn Company sources a critical component from a supplier in China and a supplier in Mexico.What type of continuity/resiliency capability does this best represent? - Correct Answers Mitigation capabilities What fundamental mechanisms are needed to manage disruptions? - Correct Answers Both a and b (The ability to discover that disruptions are pending or realized The ability to recover from disruptions) RFID is a technology that was discussed as an enabler of which capability? - Correct Answers Warning capabilities A manager can ________ the probability of natural disaster in the short term. - Correct Answers Neither increase or decrease What is true about events and disruptions? - Correct Answers All disruptions stem from events Auto Company's shipment of parts were stopped due to a railroad accident. The parts were lifted from the rail car by helicopter and flow to the assemble plant. Which capability that this best exhibit?
- Correct Answers Contingency capabilities
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Supply chain disruptions can be: - Correct Answers All of the above (From natural disasters