buad 331 final exam Questions and Answers

Why might a company consider expanding its supply chain internationally? - Correct Answer All of the above What is the biggest cause of difficulties in working with another culture? - Correct Answer Different ways of making decisions and approaching business Which supply chain strategy is most popular with companies today? - Correct Answer Regional strategy that groups countries into clusters What is the most common way that countries agree to increase trade? - Correct Answer Through negotiating bilateral or multilateral FTAs When was the World Trade Organization founded? - Correct Answer 1995 The legal system used in the United States is based on: - Correct Answer common law. Supply chain management has a widely accepted definition that does not vary substantially between countries. - Correct Answer false Which framework is most useful for companies wanting to build an initial assessment of the general operating environment in a country? - Correct Answer EPIC What type of company will likely work with international supply chains? - Correct Answer all of the above Labor laws in the United States are generally seen to be more-friendly to the international worker than those in most other countries. - Correct Answer false When entering a new international market, the following question(s) should be asked to understand cultural differences: - Correct Answer all of the above The _______ was created as an international agency to oversee the new exchange rate system and to help bridge difficulties and financial crises in individual member companies. - Correct Answer IMF Two-thirds of the world's countries including France and Germany use what type of law as the basis for their legal system? - Correct Answer Civil Law Products that are sold outside of normal distribution channels are referred to as "____________". - Correct Answer White Markets Black Markets Gray Markets