GLOBAL SUPPLY CHAIN CH4

_______ refers to one that is manufactured or grown by a disadvantaged producer in a developing country that receives for its goods. a. A fair trade product b. Bitcoin c. Freedom of association d. An imported product

A fair trade product

Sustainable sourcing policies should include which of the following? a. Use of minority workers b. Use of renewable energy c. Use of child labor d. Fair working conditions

Use of renewable energy

Which of the following terms refers to an act that creates the greatest good for the greatest number of people: a. Rights and duties b. Social sustainability c. Utilitarianism d. Corporate responsibility

Utilitarianism

Which of the following can be used as a punishment for suppliers that perform poorly? a. Elimination of future business with the focal firm b. Billback penalty c. Downgrade the supplier's status d. All of these choices are correct.

All of these choices are correct.

For a large company with many strategic supplier alliances, what would be the best way to manage them? a. Create an alliance board to oversee alliances b. Reduce the number of supplier alliances to less than five c. Hire an outside firm to manage them d. All of these choices are correct.

Create an alliance board to oversee alliances

The purchasing department at Big Horn Sheep Corporation decided to intentionally increase purchases from small, underdeveloped nations. This decision can be considered: a. Unethical b. Ethical Sourcing c. Utilitarianism d. Illegal

Ethical Sourcing

______________ considers the public consequences of organizational buying. a. Ethical sourcing b. The bullwhip effect c. Vendor managed inventory d. Benchmarking

Ethical sourcing

Which of the following is NOT a typical strategy for firms to obtain benchmarking data about other companies? a. Utilizing resources from the Center for Advanced Purchasing Studies b. Hiring former employees from other companies and assessing their knowledge c. Collecting published trade information on benchmarking studies d. Discussing sourcing strategies with colleagues at business association meetings

Hiring former employees from other companies and assessing their knowledge

The use of environmental supplier certification programs assists companies by which of the following? a. Identifying companies who are the most popular with consumers b. Helping communities who are in jeopardy of plant closures c. Identifying strategic alliance candidates d. All of these choices are correct.

Identifying strategic alliance candidates

Sustainability reporting is ______________ for American companies: a. Largely a voluntary effort b. Mandated quarterly c. Required in the U.S. d. Required every 3 years

Largely a voluntary effort

Some businesses refer to sustainability in terms of supporting the three P's. This stands for: a. People, place, price b. Place, price, promotion c. People, planet, profit d. Planet, people, price

People, planet, profit

One standard which is measured in environmental supplier certification is: a. Technology investment by the supplier b. The number of on-time deliveries c. The number of trucks owned by the supplier d. The suppliers' recycled content

The suppliers' recycled content

ISO 14000 may play a role in a firm's. a. Customer certification program b. Negotiated pricing program c. Manufacturing flexibility program d. Supplier certification program

Supplier certification program

Convincing your supplier to cutting back on packaging, fuel, or electricity is an example of: a. Global sourcing b. Ethical sourcing c. Sustainable sourcing d. Sole sourcing

Sustainable sourcing

Why do firms assess their sourcing capabilities? a. They can gauge their success in improving their own value-enhancing contributions to the firm b. They can easily spot suppliers who are not practicing sustainable sourcing practices c. They are looking for ways to reduce their employee headcount d. All of these choices are correct.

They can gauge their success in improving their own value-enhancing contributions to the firm

A negotiation where both sides work together to maximize the joint outcome or to create a joint optimal result is referred to as: a. Win-win negotiations b. Distributive negotiations c. DMAIC improvement cycle d. Optimal review period

Win-win negotiations

The main benefit(s) from benchmarking sourcing practices is/are: a. Lower prices of goods and services, use of fewer buyers and lower administrative costs b. Larger market for products, economies of scale in purchasing and production, and lower labor costs. c. Savings in energy consumption and materials, lower distribution costs, and improved corporate image among regulators, customers and community. d. Allows firms to leapfrog the experience-gaining stage by trying things that have worked well for other companies.

d. Allows firms to leapfrog the experience-gaining stage by trying things that have worked well for other companies.

Demands by customers for companies to become more ethically and environmentally focused have placed added pressures on firms to improve their performance in supply chain management. a. True b. False

true

Criteria to evaluate a purchasing department's performance should include both quantitative and qualitative assessments. a. True b. False

true