How does trade lead to innovation and technological growth?

By encouraging collaboration and competition

How has globalization most significantly impacted supply chain management?

Enhanced access to global suppliers and markets

What is one effective way to enforce ethics in supply chain management?

Conducting regular audits and monitoring suppliers' practices

What type of jobs are most at risk due to automation?

Repetitive and routine-based tasks

Fun Quiz: What’s the best way to survive freezing weather?

Drink hot cocoa and never leave your warm blanket.

Fun Quiz: What’s the best way to end a tariff dispute between friendly neighbors?

All of the above (but especially the barbecue)

Which of the following best describes the impact of globalization?

Opportunity for economic growth and challenges like environment degradation

What is globalization?

The spread of goods, services, technology, and ideas across countries

Which of the following is an ethical concern in supply chain management?

Ensuring fair wages and safe working conditions for workers

How can companies improve visibility into 2nd and 3rd-tier suppliers?

Conduct supplier audits and require data sharing

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602.LO2 Discuss ethical, social, political issues raised by info systems

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Questions 14

Answers

1
How does trade lead to innovation and technological growth?
By isolating economies
By encouraging collaboration and competition
By discouraging research investments
By reducing the need for technological advancements
2
How has globalization most significantly impacted supply chain management?
Reduced the need for transportation and logistics
Enhanced access to global suppliers and markets
Increased local sourcing
Simplified supply chain networks
3
What is a potential risk of automation in supply chains?
Reduced efficiency
Increased product recalls
Cybersecurity threats
Higher manual work requirements
4
What is one effective way to enforce ethics in supply chain management?
Prioritizing cost savings over ethical considerations
Avoiding long-term relationships with suppliers
Conducting regular audits and monitoring suppliers' practices
Ignoring supplier operations to reduce management workload
5
What type of jobs are most at risk due to automation?
Healthcare professionals
Repetitive and routine-based tasks
Teachers
Creative roles
6
Fun Quiz: What’s the best way to survive freezing weather?
Hibernate like a bear
Drink hot cocoa and never leave your warm blanket.
Become a snowman!
Wear 100 layers of clothes.
7
Globalization only affects economies.
False
True
8
Fun Quiz: What’s the best way to end a tariff dispute between friendly neighbors?
A barbecue summit
All of the above (but especially the barbecue)
Trade negotiations via a snowball fight
A hockey match
9
Which of the following best describes the impact of globalization?
Opportunity for economic growth and challenges like environment degradation
It only causes job losses in developing countries
It only really benefits the developed countries
It eliminates cultural diversity
10
What is globalization?
The spread of goods, services, technology, and ideas across countries
The process of countries becoming less connected
Local businesses focusing only on their domestic market
The elimination of trade agreements
11
Which of the following is an ethical concern in supply chain management?
Ignoring supplier labor practices
Ensuring fair wages and safe working conditions for workers
Reducing transportation costs at all costs
Prioritizing profits over sustainability
12
A "dark factory" is a fully automated factory that operates with little to no human presence.
False
True
13
How can companies improve visibility into 2nd and 3rd-tier suppliers?
Ignore lower-tier suppliers
Conduct supplier audits and require data sharing
Rely on guesswork
Only track 1st-tier suppliers
14
Which automation technology reduces waste by optimizing production processes?
Machine Learning
Drones
Augmented Reality
Cloud Storage

602.LO2 Discuss ethical, social, political issues raised by info systems Flashcards | StudBud