The following Global Sourcing in Purchasing and Supply Chain Management MCQs have been compiled by our experts through research, in order to test your knowledge of the subject of Global Sourcing in Purchasing and Supply Chain Management. We encourage you to answer these multiple-choice questions to assess your proficiency.
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A. True
B. False
A. True
B. False
A. True
B. False
A. Opportunism
B. Foreign trade zone
C. Poaching
D. Protectionism
A. Necessarily
B. Perhaps
C. Hardly believable
D. None of these
A. Sourcing materials from international suppliers to reduce costs
B. Sourcing materials from local suppliers to support the domestic economy
C. Sourcing materials from a single supplier to ensure consistency
D. Sourcing materials and services from suppliers around the world to optimize the supply chain
A. To increase the complexity of the supply chain
B. To limit supplier options and reduce competition
C. To gain access to a broader range of suppliers and reduce costs
D. To decrease the efficiency of the supply chain
A. Political instability in sourcing countries
B. Currency fluctuations and exchange rate risks
C. Shorter lead times and faster delivery
D. Supply chain disruptions due to natural disasters
A. Increased dependency on a single supplier
B. Reduced complexity in managing the supply chain
C. Enhanced flexibility and risk mitigation
D. Higher transportation costs
A. It leads to higher greenhouse gas emissions due to longer transportation distances
B. It minimizes the environmental impact by promoting local sourcing
C. It can positively impact sustainability through responsible sourcing practices
D. It has no impact on environmental sustainability
A. Sole sourcing
B. Dual sourcing
C. Multiple sourcing
D. Supplier relationship management
A. Sourcing from suppliers located in the same country as the organization
B. Sourcing from suppliers located in nearby countries to reduce transportation costs
C. Sourcing from suppliers located in distant countries for strategic reasons
D. Sourcing from suppliers located in nearby or neighboring countries
A. By avoiding global sourcing altogether and relying on local suppliers
B. By conducting thorough risk assessments and adopting risk mitigation strategies
C. By focusing solely on cost reduction and disregarding other factors
D. By centralizing all sourcing decisions at the headquarters
A. International taxation regulations related to sourcing
B. International trade agreements and tariffs
C. The set of rules defining the responsibilities of buyers and sellers regarding the delivery of goods
D. The certification process for global suppliers
A. By reducing complexity and relying on a single supplier for all materials
B. By increasing supply chain vulnerabilities and dependence on foreign suppliers
C. By diversifying suppliers across different countries to mitigate risks
D. By ignoring supply chain risks and challenges