1Not all risks affect all supply chains. Weaknesses in a supply chain can make it vulnerable to certain risks, whereas a supply chains strengths may shield it from other risks. *

True

False

2. Joint Venture include typical levels of trust in the other party, average communication frequency and business volume between the parties, and average commitment to the other party. *

True

False

3. Sub Risks of operational Risks within the firm and may result from any of following options except for? *

Political and environmental requiremsnts

High levels of process variations,

Breakdown in core operations,

Limited flexibility in setting up operations,

Inadequate manufacturing or processing capability,

4. Organizational purchasing and purchasing practices have shifted substantially for four reasons, which choice includes the reasons ? *

a)Firms have recognized the competitive benefits of developing and maintaining supply chain connections as a result of global competitiveness.

d) Organizational purchasing methods also change from decentralized domestic to centralized global sourcing. This might result in a two-dimensional change in how businesses acquire public relations

b)Firms have used demand-driven manufacturing, also known as flexible manufacturing and operations, to meet the diversity of demand in terms of shape, location, and time.

only a,b and d

all a,b,c and d

c) The buying strategy of an organization moves from a transaction-oriented to a relationship-oriented mindset. As a result, buyer-supplier interactions are becoming increasingly important in the purchasing process.

5. Collaboration is the common understanding of what drives each function toward the companys goals. *

True

False