Question 1

All of the following are considered barriers to worldwide sourcing except _____.

Accepted Answer

A)  use of simplified Incoterms compared to complex domestic terms of sale 
B)  lack of knowledge and skills concerning global sourcing 
C)  different business customs, language, and culture 
D)  currency fluctuations 
E)  resistance to change 
A)  use of simplified Incoterms compared to complex domestic terms of sale 
B)  lack of knowledge and skills concerning global sourcing 
C)  different business customs, language, and culture 
D)  currency fluctuations 
E)  resistance to change

Question 2

_____ involves contracting with independent suppliers outside the organization (domestic or foreign) to provide products or services that were performed inside the organization.

Accepted Answer

A)  Re-shoring 
B)  Nearshoring 
C)  Outsourcing 
D)  offshoring 
E)  International purchasing 
A)  Re-shoring 
B)  Nearshoring 
C)  Outsourcing 
D)  offshoring 
E)  International purchasing

Question 3

All of the following are examples of the reliable and timely information required for successful global sourcing except _____.

Accepted Answer

A)  a listing of existing contracts and suppliers 
B)  reports on supplier capabilities and performance 
C)  worldwide volumes by purchase type and location 
D)  information about potential new suppliers 
E)  truck traffic patterns around the supplier's facility 
A)  a listing of existing contracts and suppliers 
B)  reports on supplier capabilities and performance 
C)  worldwide volumes by purchase type and location 
D)  information about potential new suppliers 
E)  truck traffic patterns around the supplier's facility

Question 4

_____ is relocating sourcing to countries geographically closers to the United States.

Accepted Answer

A)  Global sourcing 
B)  Nearshoring 
C)  Re-shoring 
D)  Single sourcing 
E)  Domestic sourcing 
A)  Global sourcing 
B)  Nearshoring 
C)  Re-shoring 
D)  Single sourcing 
E)  Domestic sourcing

Question 5

Buyers are never reluctant to shift business from domestic sources to unknown offshore sources.

Accepted Answer

A) True 
 B)False

Question 6

Cultural differences between countries seldom result in unwelcome surprises when buying internationally.

Accepted Answer

A) True 
 B)False

Question 7

There is no dollar threshold on the Foreign Corrupt Practices Act, making it illegal to offer even a dollar as a bribe.

Accepted Answer

A) True 
 B)False

All of the following are considered barriers to worldwide sourcing except _____.

_____ involves contracting with independent suppliers outside the organization (domestic or foreign) to provide products or services that were performed inside the organization.

All of the following are examples of the reliable and timely information required for successful global sourcing except _____.

_____ is relocating sourcing to countries geographically closers to the United States.

Buyers are never reluctant to shift business from domestic sources to unknown offshore sources.

Cultural differences between countries seldom result in unwelcome surprises when buying internationally.

There is no dollar threshold on the Foreign Corrupt Practices Act, making it illegal to offer even a dollar as a bribe.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 10: Worldwide Sourcing

All of the following are considered barriers to worldwide sourcing except _____.

_____ involves contracting with independent suppliers outside the organization (domestic or foreign) to provide products or services that were performed inside the organization.

All of the following are examples of the reliable and timely information required for successful global sourcing except _____.

_____ is relocating sourcing to countries geographically closers to the United States.

Buyers are never reluctant to shift business from domestic sources to unknown offshore sources.

Cultural differences between countries seldom result in unwelcome surprises when buying internationally.

There is no dollar threshold on the Foreign Corrupt Practices Act, making it illegal to offer even a dollar as a bribe.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters