Question

a. Fair wages b. Harming the environment as little as possible C Profitability d. Safe working conditions 40. Which one of the following is a disadvantage of contract management software (CMS) a. CMS brings visibility to contracts b. CMS offers templates with which contracts can be easily generated c. CMS alerts you once contract conditions have been met d. CMS can be costly to implement 41. Understanding that when suppliers are also customers may not be a problem if the customer/supplier is the best source relates to which ISM standard for supply management? a. Influence b. Reciprocity c. Sustainability and social responsibility d. Responsibility to your employer 42. As a buying agent, whose best interest should you have in mind? a. Your own best interest b. Your employer's best interest c. The supplier's best interest d. Society's best interest 43. When a contract is cancelled because the supplier violated contract terms, the buyer may cancel the contract. What is this type of cancellation called? a. Cancellation for nonpayment b. Cancellation by default c. Cancellation for mutual consent d. Cancellation for convenience 44. Which legislation was developed in 2002 in response to several corporate scandals, including Enron and Worldcom? a. The Uniform Commercial Code b. The Sarbanes-Oxley Act c. The Dodd-Frank Act d. Foreign Corrupt Practices Act 45. Which of the following is a voluntary program by the U.S. Customs and Border Protection that aims to improve supply chain security? a. The Uniform Commercial Code b. The Dodd-Frank Act c. Customs-Trade Partnership Against Terrorism d. Foreign Corrupt Practices Act 46. Which two tactics can be considered as coercive? a. Threats and promises b. Information exchange and recommendations c. Ingratiation and recommendations d. Threats and requests 47. If the buyer is a major shareholder of the supplier, this could be indicative of which unethical situation?

Answer 1

40.

Correct answer is d. CMS can be costly to implement

CMS implementation cost is huge

41.

Correct answer is b. Reciprocity

Understanding that when suppliers are also customers may not be a problem if the customer/supplier is the best source relates to reciprocity standard for supply management

42.

Correct answer is b. your employers best interest

As a buying agent, employers best interest should be in mind

43.

Correct answer is b. cancellation for default

cancellation for default occurs when supplier violates contract terms

44.

Correct answer is b. the Sarbanes-Oxley Act

the Sarbanes-Oxley Act was developed in 2002 in response to several corporation scandals including Enron and Worldcom

45.

Correct answer is c. Customs-Trade partnership against terrorism

Customs-Trade partnership against terrorism or CTPAT is a voluntary initiative by the U.S. Customs and Border Protection (CBP) in partnership with the business community

46.

Correct answer is a. Threats and promises

Information exchange and recommendation are rational SITs whereas Threats and promises are coercive SITs