Question 1

According to a Bridgestone Americas survey,consumers revealed that companies can show they are environmentally responsible by all of the following EXCEPT:

Accepted Answer

A) Creating products that minimize energy and water use 
B) Buying products manufactured only in America 
C) Generating less waste 
D) Minimizing carbon emissions 
A) Creating products that minimize energy and water use 
B) Buying products manufactured only in America 
C) Generating less waste 
D) Minimizing carbon emissions

Question 2

Benchmarking is the practice of copying what other businesses do best.

Accepted Answer

A) True 
 B)False

Question 3

The influence of corporate sourcing decisions interacts with internal design,production,finance,marketing,and accounting.

Accepted Answer

A) True 
 B)False

Question 4

Cutting back on packaging,fuel,or electricity is an example of:

Accepted Answer

A) Ethical sourcing 
B) Sole sourcing 
C) Sustainable sourcing 
D) Global sourcing 
A) Ethical sourcing 
B) Sole sourcing 
C) Sustainable sourcing 
D) Global sourcing

Question 5

Which of the following can be used as a punishment for suppliers that perform poorly?

Accepted Answer

A) Elimination of future business with the focal firm 
B) Downgrade the supplier's status 
C) Billback penalty 
D) All of these 
A) Elimination of future business with the focal firm 
B) Downgrade the supplier's status 
C) Billback penalty 
D) All of these

Question 6

The Ethical Trading Initiative (ETI)does NOT include which of the following:

Accepted Answer

A) Workers receive a 30 minute break for an 8 hour shift 
B) Working hours are not excessive 
C) Regular employment is provided 
D) Freedom of association and the right to collective bargaining are respected 
A) Workers receive a 30 minute break for an 8 hour shift 
B) Working hours are not excessive 
C) Regular employment is provided 
D) Freedom of association and the right to collective bargaining are respected

Question 7

All of the following are reasons for the increasing use of ethical and sustainable sourcing practices EXCEPT:

Accepted Answer

A) Global population growth 
B) Increasing environmental awareness 
C) Legislation requiring corporate ethical and sustainable sourcing 
D) Consumers' desires for better corporate responsibility 
A) Global population growth 
B) Increasing environmental awareness 
C) Legislation requiring corporate ethical and sustainable sourcing 
D) Consumers' desires for better corporate responsibility

Question 8

Environmental supplier certifications can be used to identify rogue suppliers before they can cause problems.

Accepted Answer

A) True 
 B)False

Question 9

Promoting diversity by intentionally buying from small firms or ethnic minority businesses.This is an example of:

Accepted Answer

A) Supply base rationalization 
B) Ethical sourcing 
C) Sustainable sourcing 
D) Supply base sourcing 
A) Supply base rationalization 
B) Ethical sourcing 
C) Sustainable sourcing 
D) Supply base sourcing

Question 10

Which of the following should NOT be used as assessment criteria to evaluate the purchasing department's performance?

Accepted Answer

A) Improving time to market 
B) Lowering inventory turnover rates 
C) Participating in value engineering/value analysis efforts 
D) Creating supplier alliances 
A) Improving time to market 
B) Lowering inventory turnover rates 
C) Participating in value engineering/value analysis efforts 
D) Creating supplier alliances

Question 11

Developing a collaborative negotiation infrastructure include four steps: building a preparation process,develop a negotiation database.Design a negotiation launch process,and institute a feedback mechanism.

Accepted Answer

A) True 
 B)False

Question 12

Functional products are characterized by low profit margins,relatively stable demands,and high levels of competition.

Accepted Answer

A) True 
 B)False

Question 13

Creating strategic supplier alliances benefits firms by increasing the performance and value of suppliers as well as increasing brand awareness.

Accepted Answer

A) True 
 B)False

Question 14

One benefit from benchmarking sourcing practices is:

Accepted Answer

A) Savings in energy consumption and materials,lower distribution costs,and improved corporate image among regulators,customers and community. 
B) Lower prices of goods and services,use of fewer buyers and lower administrative costs. 
C) Larger market for products,economies of scale in purchasing and production,and lower labor costs. 
D) Allows firms to potentially leapfrog the experience-gaining stage by trying things that have worked well for other companies. 
A) Savings in energy consumption and materials,lower distribution costs,and improved corporate image among regulators,customers and community. 
B) Lower prices of goods and services,use of fewer buyers and lower administrative costs. 
C) Larger market for products,economies of scale in purchasing and production,and lower labor costs. 
D) Allows firms to potentially leapfrog the experience-gaining stage by trying things that have worked well for other companies.

Question 15

One standard which is measured in environmental supplier certification is:

Accepted Answer

A) The number of trucks owned by the supplier 
B) The suppliers' greenhouse gas emissions 
C) Technology investment by the supplier 
D) The number of on-time deliveries 
A) The number of trucks owned by the supplier 
B) The suppliers' greenhouse gas emissions 
C) Technology investment by the supplier 
D) The number of on-time deliveries

Question 16

According to the textbook,Wal-Mart is perhaps the company that is most averse to implementing sustainable business practices.

Accepted Answer

A) True 
 B)False

Question 17

The management of the firm's external resources through identification and selection of suppliers,management of supplier relationships,and monitoring and rewarding supplier performance in an effort to support the long-term goals of the organization is called:

Accepted Answer

A) Buyer-supplier integration 
B) Acceptance sampling 
C) Procurement rationalization 
D) Strategic sourcing 
A) Buyer-supplier integration 
B) Acceptance sampling 
C) Procurement rationalization 
D) Strategic sourcing

Question 18

Demands by customers for companies to become more ethically and environmentally focused have placed added pressures on firms to improve their performance in supply chain management.

Accepted Answer

A) True 
 B)False

Question 19

Benchmarking is:

Accepted Answer

A) A system of performance metrics that seeks to motivate suppliers to perform better. 
B) A practice where companies attempt to learn and apply the best practices of other companies. 
C) A system of marking defective inbound inventory so it can quickly be identified for return to the supplier. 
D) A program where suppliers compete for contracts,but those companies who are outbid are provided advice for winning future contracts 
A) A system of performance metrics that seeks to motivate suppliers to perform better. 
B) A practice where companies attempt to learn and apply the best practices of other companies. 
C) A system of marking defective inbound inventory so it can quickly be identified for return to the supplier. 
D) A program where suppliers compete for contracts,but those companies who are outbid are provided advice for winning future contracts

Question 20

Which of the following could be an ethical and environmental certification requirement?

Accepted Answer

A) Forest Stewardship Council (FS
C) certification 
B) Energy Star certification 
C) Fair Trade certification 
D) All of these 
A) Forest Stewardship Council (FS
C) certification 
B) Energy Star certification 
C) Fair Trade certification 
D) All of these

According to a Bridgestone Americas survey,consumers revealed that companies can show they are environmentally responsible by all of the following EXCEPT:

Benchmarking is the practice of copying what other businesses do best.

The influence of corporate sourcing decisions interacts with internal design,production,finance,marketing,and accounting.

Cutting back on packaging,fuel,or electricity is an example of:

Which of the following can be used as a punishment for suppliers that perform poorly?

The Ethical Trading Initiative (ETI)does NOT include which of the following:

All of the following are reasons for the increasing use of ethical and sustainable sourcing practices EXCEPT:

Environmental supplier certifications can be used to identify rogue suppliers before they can cause problems.

Promoting diversity by intentionally buying from small firms or ethnic minority businesses.This is an example of:

Which of the following should NOT be used as assessment criteria to evaluate the purchasing department's performance?

Developing a collaborative negotiation infrastructure include four steps: building a preparation process,develop a negotiation database.Design a negotiation launch process,and institute a feedback mechanism.

Functional products are characterized by low profit margins,relatively stable demands,and high levels of competition.

Creating strategic supplier alliances benefits firms by increasing the performance and value of suppliers as well as increasing brand awareness.

One benefit from benchmarking sourcing practices is:

One standard which is measured in environmental supplier certification is:

According to the textbook,Wal-Mart is perhaps the company that is most averse to implementing sustainable business practices.

The management of the firm's external resources through identification and selection of suppliers,management of supplier relationships,and monitoring and rewarding supplier performance in an effort to support the long-term goals of the organization is called:

Demands by customers for companies to become more ethically and environmentally focused have placed added pressures on firms to improve their performance in supply chain management.

Benchmarking is:

Which of the following could be an ethical and environmental certification requirement?

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

According to a Bridgestone Americas survey,consumers revealed that companies can show they are environmentally responsible by all of the following EXCEPT:

Benchmarking is the practice of copying what other businesses do best.

The influence of corporate sourcing decisions interacts with internal design,production,finance,marketing,and accounting.

Cutting back on packaging,fuel,or electricity is an example of:

Which of the following can be used as a punishment for suppliers that perform poorly?

The Ethical Trading Initiative (ETI)does NOT include which of the following:

All of the following are reasons for the increasing use of ethical and sustainable sourcing practices EXCEPT:

Environmental supplier certifications can be used to identify rogue suppliers before they can cause problems.

Promoting diversity by intentionally buying from small firms or ethnic minority businesses.This is an example of:

Which of the following should NOT be used as assessment criteria to evaluate the purchasing department's performance?

Developing a collaborative negotiation infrastructure include four steps: building a preparation process,develop a negotiation database.Design a negotiation launch process,and institute a feedback mechanism.

Functional products are characterized by low profit margins,relatively stable demands,and high levels of competition.

Creating strategic supplier alliances benefits firms by increasing the performance and value of suppliers as well as increasing brand awareness.

One benefit from benchmarking sourcing practices is:

One standard which is measured in environmental supplier certification is:

According to the textbook,Wal-Mart is perhaps the company that is most averse to implementing sustainable business practices.

The management of the firm's external resources through identification and selection of suppliers,management of supplier relationships,and monitoring and rewarding supplier performance in an effort to support the long-term goals of the organization is called:

Demands by customers for companies to become more ethically and environmentally focused have placed added pressures on firms to improve their performance in supply chain management.

Benchmarking is:

Which of the following could be an ethical and environmental certification requirement?

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