BUS 100 Reading Quiz Chapters 4 & 17

A visual representation of the many links between a lead firm and its suppliers, superimposed on a geographical map is called a:

•  Linked list

•  Supply chain map

• Supply web

• Network map

A firm that has global operations has: 

•  All of their manufacturing and service operations abroad.

• Some or all of their manufacturing or service operations abroad.

• Manufacturing but not service operations abroad.

• Service but not manufacturing operations abroad.

According to a 2016 survey of senior supply chain managers, what is the leading reason to invest in supplier social responsibility?

• To reduce costs

• To satisfy government regulations

• To create a positive image and enhance brand equity

• To avoid disruptions of product supply

Representation on the World Bank's board of directors is based on:

• The size of the member nation's population

• The size of the member nation's economy

• The size of the member nation's land mass

• Equal representation of all member nations

A critic of globalization might argue that companies decide to manufacture in China mainly because of China's:

• Strict law enforcement

• High environmental standards 

• Weak health and safety regulations

• Strong worker unions

How can a lead firm improve a supplier's performance when the cost to replace the supplier is high?

• Engage the supplier in capability-building.

• Fire the supplier.

• Report the supplier to the Better Business Bureau.

• Build the supplier's products internally. 

A firm that would like to develop a global supply chain would:

• Manufacture components or supplies in other countries.

• Sell raw materials, components, or supplies produced at home abroad.

• Purchase raw materials, components, or supplies from sellers in other countries.

• Check products that were manufactured abroad for defects in their home country.

An individual who is a supporter of globalization would argue that it helps the developing world by:

• Giving entrepreneurs access to foreign investment funds to support economic development.

• Allowing new ideas and technological innovations to spread quickly.

• Providing people in developing countries with more jobs.

• All of these answers are correct. 

The primary purpose of the International Monetary Fund is to:

• Lend foreign currency to member countries.

• Exchange one currency for another.

• Consolidate the debt facing Third World nations.

• Collect the interest on loans made by the World Bank to Third World nations.

Social impacts of global supply chains include:

• Wages

• Working conditions

• Employee health

• All of these answers are correct.