1. What is the first step that lead firms take to develop their suppliers? Multi
ID: 413306 • Letter: 1
Question
1.
What is the first step that lead firms take to develop their suppliers?
Multiple Choice
A.Publicizing the results.
B.Creating shared value.
C.Supplier monitoring.
D.Capability building.
2.
As a stakeholder, suppliers' interests include:
Multiple Choice
A.Earning income.
B.Utilizing productive capacity efficiently.
C.Building short-term, but profitable, business relationships.
D.Both A and B, but not C.
3.
The primary goal(s) of the Food and Drug Administration include:
Multiple Choice
A.Ensuring the safety and effectiveness of a wide range of consumer products.
B.Prohibiting unfair or deceptive advertising.
C.Reviewing and approving new products before they are released to consumers.
D. Both A and C, but not B.
4.
The public has the ability to demand a certain level of performance from a firm through which stakeholder networks?
Multiple Choice
A.Consumer advocacy groups.
B.Government agencies.
C.A firm's employees.
D. Both A and B, but not C
5. This type of audit is perceived by stakeholders as more objective and reliable:
Multiple Choice
A.Internal.
B.Government.
C.Crowd-pleasing.
D.Third-party.
6.
Which of these statements is true regarding lead firms and their suppliers in the wake of the global financial crisis?
Multiple Choice
A.The number of widely used suppliers decreased.
B.Lead firms preferred larger suppliers.
C.Lead firms sought ongoing strategic relationships.
D.All of the above.
Explanation / Answer
1. According to me the answer of first multiple choice question is-
(D) Capability Building.
With this concept we provide many kind of facilities like training etc to develop our suppliers.
2. The answer should be-
(D).Both A and B, but not C.
Because the supplier make a deal with the organizations to make profit but also supplier also monitor how to utilize their products in the market according to demand.
3. The primary goal(s) of the Food and Drug Administration include
(D). Both A and C, but not B.
Because the responsibility of food and drug administration is to assure that the quality of product should be good and before the product come into the market, the product should fulfill all the standards.
4. The public has the ability to demand a certain level of performance from a firm through
(A).Consumer advocacy groups because these kind of organizations are always ready to raise the complain of the consumer to the organizations.
5. This type of audit is perceived by stakeholders as more objective and reliable-
(D).Third-party. Because third party audit does not take the favor of government or organization.
6. The correct answer should be (D).All of the above. Because only one step is not enough to face crisis conditions. Organizations have to take many steps to face crisis conditions like to decrease their supplier for cost cutting purpose, prefer large suppliers to get product at best rates and also to review their ongoing business strategies.
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