BUAD 331 FINAL EXAM COMPETENCY REVIEW
2026 MOCK TEST COMPLETE KEY INSIGHTS
◉ A strike has just occurred at a key supplier. Which phase is the
firm most likely dealing with?
Pre-disruption phase
Receipt phase
Domino phase
Pre-Due date phase.
Answer: pre-due date phase
◉ When determining the potential for the likelihood of a particular
event, a manager may rely on:
1) past impacts in terms of cost
2) historical information relative to past frequencies
3) subjective assessments based on knowledge
4) Both B and C
5) All of the above.
Answer: both B and C
,◉ What would be the best approach to use if a manager wants to
assess risk across key locations across the globe?
Spatial risk assessment
2-by-2 matrix
3-by-3 matrix
10-by-10 matrix.
Answer: 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
resiliency
continuity
both resiliency and continuity.
Answer: 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?
Risk assessment
,Warning capabilities
Mitigation capabilities
Contingency capabilities
Both A and C.
Answer: mitigation capabilities
◉ In 2000, management predominately viewed the value of the
supply chain emerging from operational efficiency and _________.
moving products
improving sales
cost reduction
lean six sigma.
Answer: cost reduction
◉ Bill Simon, former CEO of Walmart North America, said that what
organizations really need today are supply chain managers who can
__________ in response to changing conditions.
increase profits
innovate
implement technology
, lead mergers and acquisitions.
Answer: innovate
◉ By 2025, best-in-class measurement systems will assess success
based on the profitability of key customer segments and ____________
service levels to the price sensitivity of each segment.
buying
fabricating
tailoring
marking up.
Answer: tailoring
◉ By 2025, experts expect companies to use ______________ and
____________ to enable companies to use advance knowledge to
actually "shape" demand based on consumer trends.
1) offshoring and unstructured data
2) artificial intelligence and warehouse automation
3) driverless vehicles and warehouse automation
4) artificial intelligence and unstructured data.
Answer: artificial intelligence and unstructured data
2026 MOCK TEST COMPLETE KEY INSIGHTS
◉ A strike has just occurred at a key supplier. Which phase is the
firm most likely dealing with?
Pre-disruption phase
Receipt phase
Domino phase
Pre-Due date phase.
Answer: pre-due date phase
◉ When determining the potential for the likelihood of a particular
event, a manager may rely on:
1) past impacts in terms of cost
2) historical information relative to past frequencies
3) subjective assessments based on knowledge
4) Both B and C
5) All of the above.
Answer: both B and C
,◉ What would be the best approach to use if a manager wants to
assess risk across key locations across the globe?
Spatial risk assessment
2-by-2 matrix
3-by-3 matrix
10-by-10 matrix.
Answer: 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
resiliency
continuity
both resiliency and continuity.
Answer: 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?
Risk assessment
,Warning capabilities
Mitigation capabilities
Contingency capabilities
Both A and C.
Answer: mitigation capabilities
◉ In 2000, management predominately viewed the value of the
supply chain emerging from operational efficiency and _________.
moving products
improving sales
cost reduction
lean six sigma.
Answer: cost reduction
◉ Bill Simon, former CEO of Walmart North America, said that what
organizations really need today are supply chain managers who can
__________ in response to changing conditions.
increase profits
innovate
implement technology
, lead mergers and acquisitions.
Answer: innovate
◉ By 2025, best-in-class measurement systems will assess success
based on the profitability of key customer segments and ____________
service levels to the price sensitivity of each segment.
buying
fabricating
tailoring
marking up.
Answer: tailoring
◉ By 2025, experts expect companies to use ______________ and
____________ to enable companies to use advance knowledge to
actually "shape" demand based on consumer trends.
1) offshoring and unstructured data
2) artificial intelligence and warehouse automation
3) driverless vehicles and warehouse automation
4) artificial intelligence and unstructured data.
Answer: artificial intelligence and unstructured data
