Question 1

Always assume that an offshore company can automatically satisfy a buyer's performance requirements or expectations.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

Purchasing's role in countertrade is not as visible as marketing's role.

Accepted Answer

A) True 
 B)False

Question 4

The _____ was passed by Congress in 1977 to prevent companies from making questionable or illegal payments to foreign government officials, politicians, and political parties.

Accepted Answer

A) Foreign Corrupt Practices Act 
B) Sherman Antitrust Act 
C) CISG 
D) Incoterms Act 
E) Clayton Act 
A) Foreign Corrupt Practices Act 
B) Sherman Antitrust Act 
C) CISG 
D) Incoterms Act 
E) Clayton Act

Question 5

A/An _____ is issued by the purchaser's bank in conjunction with an affiliate bank in the seller's country which assures the seller that the funds are in the bank.

Accepted Answer

A) bill of lading 
B) letter of credit 
C) Incoterm 
D) hedging contract 
E) tariff 
A) bill of lading 
B) letter of credit 
C) Incoterm 
D) hedging contract 
E) tariff

Question 6

Which of the following is not an example of resources that affect global sourcing success?

Accepted Answer

A) Budget support for travel. 
B) A large corporate headquarters building. 
C) Access to qualified personnel. 
D) Time for personnel to develop global strategies. 
E) Availability of required information and data. 
A) Budget support for travel. 
B) A large corporate headquarters building. 
C) Access to qualified personnel. 
D) Time for personnel to develop global strategies. 
E) Availability of required information and data.

Question 7

Despite its apparent simplicity, barter is one of the least-practiced forms of countertrade today.

Accepted Answer

A) True 
 B)False

Always assume that an offshore company can automatically satisfy a buyer's performance requirements or expectations.

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

Purchasing's role in countertrade is not as visible as marketing's role.

The _____ was passed by Congress in 1977 to prevent companies from making questionable or illegal payments to foreign government officials, politicians, and political parties.

A/An _____ is issued by the purchaser's bank in conjunction with an affiliate bank in the seller's country which assures the seller that the funds are in the bank.

Which of the following is not an example of resources that affect global sourcing success?

Despite its apparent simplicity, barter is one of the least-practiced forms of countertrade today.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity 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

Always assume that an offshore company can automatically satisfy a buyer's performance requirements or expectations.

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

Purchasing's role in countertrade is not as visible as marketing's role.

The _____ was passed by Congress in 1977 to prevent companies from making questionable or illegal payments to foreign government officials, politicians, and political parties.

A/An _____ is issued by the purchaser's bank in conjunction with an affiliate bank in the seller's country which assures the seller that the funds are in the bank.

Which of the following is not an example of resources that affect global sourcing success?

Despite its apparent simplicity, barter is one of the least-practiced forms of countertrade today.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity 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