Identify up to four phenomena that foster specialization and worldwide supply chains
What will be an ideal response?
1. a more technologically oriented society, 2. specialized expert knowledge, 3 . instant communication, and 4. cheaper transportation
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Simpson Sign Company based in Frostbite Falls, Minnesota has a 6-month C$100,000 contract to complete sign work in Winnipeg, Manitoba, Canada
The current spot rate is $1.02/C$ and the forward rate is $1.01/C$. Under conditions of equilibrium, management would use ________ today when preparing operating budgets. A) $102,000 B) $101,000 C) $100,000 D) none of the above
Which of the following is the main objective of information systems that focuses on improving supply chains?
A) discouraging vendor-managed inventory systems B) accelerating product development and innovation C) discouraging sustainable production processes D) decentralizing the organizations E) encouraging the bullwhip effect