The most common form of international payment for supply chain transactions is a:
Question 1The following arrangement exists when only one supplier has the capability to fill a need:
Sole source
Single source
Question 2The most common form of international payment for supply chain transactions is a:
Promissory note
Letter of credit
Question 3Joint ventures enable partners to share:
Costs
Technology
Economies of scale
All of the above
Question 4Modes of transportation include:
Rail
Air
Pipeline
All of the above
Question 5International sourcing decisions should include:
Stability of design
Completeness of engineering documentation
Ability to provide technical assistance
All the above
Question 6A purchase order is not a legally binding document.
True
False
Question 7Evaluating supplier bids in a systematic way includes all of the following except:
Supplier’s responsiveness
Information from technical and operational analysis
Cost and price analysis
Personal relationship with salesperson
Question 8Multiple sourcing generally results in:
Increased risks
Reduced risks
Equal risks
All of the above
Question 9Generally, organizations use a matrix structure to support international business structures:
True
False
Question 10Avoiding sole sourcing begins with the design phase.
True
False
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