BUS 100 Lesson 14 Reading Quiz

How can a lead firm improve a supplier's performance when the cost to replace the supplier is high? a) Engage the supplier in capability-building. b) Fire the supplier. c) Report the supplier to the Better Business Bureau. d) Build the supplier's products internally.

A

A firm that has global operations has: a) All of their manufacturing and service operations abroad. b) Some or all of their manufacturing or service operations abroad. c) Manufacturing but not service operations abroad. d) Service but not manufacturing operations abroad.

B

A visual representation of the many links between a lead firm and its suppliers, superimposed on a geographical map is called a: a) Linked list. b) Supply chain map. c) Supply web. d) Network map.

B

An individual who is a supporter of globalization would argue that it helps the developing world by: a) Giving entrepreneurs access to foreign investment funds to support economic development. b) Allowing new ideas and technological innovations to spread quickly. c) Providing people in developing countries with more jobs. d) All of these answers are correct.

D

The primary purpose of the International Monetary Fund is to: a) Lend foreign currency to member countries. b) Exchange one currency for another. c) Consolidate the debt facing Third World nations. d) Collect the interest on loans made by the World Bank to Third World nations.

A

Representation on the World Bank's board of directors is based on: a)The size of the member nation's population. b) The size of the member nation's economy. c) The size of the member nation's land mass. d) Equal representation of all member nations.

B

A critic of globalization might argue that companies decide to manufacture in China mainly because of China's: a) Strict law enforcement. b) High environmental standards. c) Weak health and safety regulations. d) Strong worker unions.

C

A firm that would like to develop a global supply chain would: a) Manufacture components or supplies in other countries. b) Sell raw materials, components, or supplies produced at home abroad. c) Purchase raw materials, components, or supplies from sellers in other countries. d) Check products that were manufactured abroad for defects in their home country.

C

According to a 2016 survey of senior supply chain managers, what is the leading reason to invest in supplier social responsibility? a) To reduce costs. b)To satisfy government regulations. c) To create a positive image and enhance brand equity. d) To avoid disruptions of product supply.

C

Social impacts of global supply chains include: a) Wages. b) Working conditions. c) Employee health. d) All of these answers are correct.

D