Question 1

Generally speaking,there are two approaches to deciding whether or not an action is ethical,utilitarianism and rights and duties.

Accepted Answer

A) True 
 B)False  True

Question 2

Why do firms assess their sourcing capabilities?

Accepted Answer

A) They are looking for ways to reduce their employee headcount. 
B) They can easily spot suppliers who are not practicing sustainable sourcing practices. 
C) They can gauge their success in improving their own value-enhancing contributions to the firm 
D) It helps them improve communication with their suppliers. 
A) They are looking for ways to reduce their employee headcount. 
B) They can easily spot suppliers who are not practicing sustainable sourcing practices. 
C) They can gauge their success in improving their own value-enhancing contributions to the firm 
D) It helps them improve communication with their suppliers. C

Question 3

Sustainable sourcing is a process of purchasing goods and services that takes into account the short-term impact on people,profits,and the planet.

Accepted Answer

A) True 
 B)False  False

Question 4

Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as:

Accepted Answer

A) Ethical souring 
B) Functional sourcing 
C) Strategic sourcing 
D) Hybrid Sourcing 
A) Ethical souring 
B) Functional sourcing 
C) Strategic sourcing 
D) Hybrid Sourcing

Question 5

Companies outsource to help them reach their sustainability goals.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is a trend in ethical and sustainable sourcing?

Accepted Answer

A) Using suppliers who are reducing their carbon footprint 
B) Discontinuing purchases from firms that use unacceptable labor practices 
C) Sourcing from firms in underdeveloped nations 
D) All of these 
A) Using suppliers who are reducing their carbon footprint 
B) Discontinuing purchases from firms that use unacceptable labor practices 
C) Sourcing from firms in underdeveloped nations 
D) All of these

Question 7

Ethical sourcing policies should NOT include determining where all purchased goods come from and how they are made.

Accepted Answer

A) True 
 B)False

Question 8

Successful strategic supplier alliances can result in which of the following?

Accepted Answer

A) Better market penetration. 
B) Access to new technologies and knowledge 
C) Higher return on investment 
D) All of these 
A) Better market penetration. 
B) Access to new technologies and knowledge 
C) Higher return on investment 
D) All of these

Question 9

Green purchasing is a practice of purchasing products that contain a special green dye.

Accepted Answer

A) True 
 B)False

Question 10

The application of ethical principles to business situations can be referred to as:

Accepted Answer

A) Business ethics 
B) Social responsibility 
C) Ethical Sourcing 
D) Strategic Sourcing 
A) Business ethics 
B) Social responsibility 
C) Ethical Sourcing 
D) Strategic Sourcing

Question 11

There are just a small number of resources available for firms seeking to learn about and implement successful sourcing practices.

Accepted Answer

A) True 
 B)False

Question 12

One of the most value enhancing activities performed by a supplier,for a key customer,which minimizes carrying costs and can avoid stockouts:

Accepted Answer

A) Early supplier involvement scheduling 
B) Vendor managed inventory 
C) Strategic inventory planning 
D) Purchase spend reduction forecasting 
A) Early supplier involvement scheduling 
B) Vendor managed inventory 
C) Strategic inventory planning 
D) Purchase spend reduction forecasting

Question 13

Purchasing departments can be seen as a primary designer and facilitator of important inward- and outward-facing sourcing policies.

Accepted Answer

A) True 
 B)False

Question 14

In designing an ethical and sustainable strategy a firm might make use of which of the following?

Accepted Answer

A) Hire more supervisors to address problems quickly. 
B) Use of a performance metric to gauge the success of the firm's efforts. 
C) Create many short term relationships with suppliers 
D) All of these 
A) Hire more supervisors to address problems quickly. 
B) Use of a performance metric to gauge the success of the firm's efforts. 
C) Create many short term relationships with suppliers 
D) All of these

Question 15

Firms assess their sourcing capabilities because the sourcing function is one of the most value-enhancing functions in an organization.

Accepted Answer

A) True 
 B)False

Question 16

Because internationally recognized certifications like ISO 9000 are becoming so common among suppliers,it is becoming more important that purchasing firms develop internal certification programs that are geared toward the specific needs of the purchasing organization.

Accepted Answer

A) True 
 B)False

Question 17

The purchasing managers at Sunnydale Corporation decide to intentionally increase purchases from small,women-owned suppliers.This decision can be considered:

Accepted Answer

A) Illegal 
B) Unethical 
C) Ethical Sourcing 
D) Utilitarianism 
A) Illegal 
B) Unethical 
C) Ethical Sourcing 
D) Utilitarianism

Question 18

Leading companies practicing sustainable sourcing and seeking to reduce costs would NOT use which of the following strategies?

Accepted Answer

A) Backward integration to purchase suppliers 
B) Increase resource efficiencies 
C) Avoid use of noncompliant suppliers 
D) Rethink transportation and distribution systems 
A) Backward integration to purchase suppliers 
B) Increase resource efficiencies 
C) Avoid use of noncompliant suppliers 
D) Rethink transportation and distribution systems

Question 19

A "fair trade product" refers to manufactured products like clothing or electronics.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is TRUE?

Accepted Answer

A) VMI stands for Vertically Managed Inventory 
B) 3PL stands for Third Party Leverage 
C) VMI stands for Vendor-Managed Inventory 
D) 3PL stands for Three Point Logistics 
A) VMI stands for Vertically Managed Inventory 
B) 3PL stands for Third Party Leverage 
C) VMI stands for Vendor-Managed Inventory 
D) 3PL stands for Three Point Logistics

Generally speaking,there are two approaches to deciding whether or not an action is ethical,utilitarianism and rights and duties.

Why do firms assess their sourcing capabilities?

Sustainable sourcing is a process of purchasing goods and services that takes into account the short-term impact on people,profits,and the planet.

Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as:

Companies outsource to help them reach their sustainability goals.

Which of the following is a trend in ethical and sustainable sourcing?

Ethical sourcing policies should NOT include determining where all purchased goods come from and how they are made.

Successful strategic supplier alliances can result in which of the following?

Green purchasing is a practice of purchasing products that contain a special green dye.

The application of ethical principles to business situations can be referred to as:

There are just a small number of resources available for firms seeking to learn about and implement successful sourcing practices.

One of the most value enhancing activities performed by a supplier,for a key customer,which minimizes carrying costs and can avoid stockouts:

Purchasing departments can be seen as a primary designer and facilitator of important inward- and outward-facing sourcing policies.

In designing an ethical and sustainable strategy a firm might make use of which of the following?

Firms assess their sourcing capabilities because the sourcing function is one of the most value-enhancing functions in an organization.

Because internationally recognized certifications like ISO 9000 are becoming so common among suppliers,it is becoming more important that purchasing firms develop internal certification programs that are geared toward the specific needs of the purchasing organization.

The purchasing managers at Sunnydale Corporation decide to intentionally increase purchases from small,women-owned suppliers.This decision can be considered:

Leading companies practicing sustainable sourcing and seeking to reduce costs would NOT use which of the following strategies?

A "fair trade product" refers to manufactured products like clothing or electronics.

Which of the following is TRUE?

Introduction to Supply Chain Management

Purchasing Management

Creating and Managing Supplier Relationship

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management - Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters

Exam 4: Ethical and Sustainable Sourcing

Generally speaking,there are two approaches to deciding whether or not an action is ethical,utilitarianism and rights and duties.

Why do firms assess their sourcing capabilities?

Sustainable sourcing is a process of purchasing goods and services that takes into account the short-term impact on people,profits,and the planet.

Managing a firm's external resources in ways that support the long-term goals of the firm can be referred to as:

Companies outsource to help them reach their sustainability goals.

Which of the following is a trend in ethical and sustainable sourcing?

Ethical sourcing policies should NOT include determining where all purchased goods come from and how they are made.

Successful strategic supplier alliances can result in which of the following?

Green purchasing is a practice of purchasing products that contain a special green dye.

The application of ethical principles to business situations can be referred to as:

There are just a small number of resources available for firms seeking to learn about and implement successful sourcing practices.

One of the most value enhancing activities performed by a supplier,for a key customer,which minimizes carrying costs and can avoid stockouts:

Purchasing departments can be seen as a primary designer and facilitator of important inward- and outward-facing sourcing policies.

In designing an ethical and sustainable strategy a firm might make use of which of the following?

Firms assess their sourcing capabilities because the sourcing function is one of the most value-enhancing functions in an organization.

Because internationally recognized certifications like ISO 9000 are becoming so common among suppliers,it is becoming more important that purchasing firms develop internal certification programs that are geared toward the specific needs of the purchasing organization.

The purchasing managers at Sunnydale Corporation decide to intentionally increase purchases from small,women-owned suppliers.This decision can be considered:

Leading companies practicing sustainable sourcing and seeking to reduce costs would NOT use which of the following strategies?

A "fair trade product" refers to manufactured products like clothing or electronics.

Which of the following is TRUE?

Introduction to Supply Chain Management

Purchasing Management

Creating and Managing Supplier Relationship

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management - Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters