1. When firms invest in suppliers to exchange knowledge and collaborate on impro
ID: 413305 • Letter: 1
Question
1.
When firms invest in suppliers to exchange knowledge and collaborate on improvements, they create shared value for:
Multiple Choice
A.The public.
B.Both the supplier and the lead firm.
C.The supplier only.
D.The lead firm only.
2.
The way organizational members believe others see the organization is called the corporate:
Multiple Choice
A.Reputation.
B.Perception.
C.Identity.
D.Image.
3.
Which of the following actions can a company take to effectively manage diversity and inclusion?
Multiple Choice
A.Do not actively recruit ethnic minority workers.
B.Set up a diversity council to monitor the company's goals.
C.Fire existing workers and replace them with ethnically diverse workers.
D.All of the above.
4.
In 2014, the smallest source of philanthropic contributions in the United States came from which organization?
Multiple Choice
A.Bequests.
B.Corporations.
C.Foundations.
D.Individuals.
5.
Which groups often collaborate when developing industry-wide codes of conduct?
Multiple Choice
A.Government officials.
B.Employees.
C.Consumer representatives.
D.All of the above.
Explanation / Answer
When a firm invest in a supplier to exchange knowledge, the supplier receives technical know-how from the firm. It gains expertise in various core process and products. While firm in return receives greater market and supply chain knowledge from the supplier. When supplier is involved in improvement process, they develop key design capacity. While supplier provides important insights related to various products which help company to produce better product designs. In this way both the supplier and firm benefits from this.
Thus, the correct answer is option B. Both supplier and lead firm.
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