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The HBX CORe Final Examination is designed to be challenging but fair. Participants have three hours to complete the exam and must achieve a passing score of 70% or higher to earn the HBX CORe certificate. CORe exam is proctored and monitored to ensure the integrity of the assessment process. Participants who pass the exam will receive a digital certificate that they can use to showcase their understanding of business fundamentals to potential employers or colleagues.
At the end of the HBX CORe program, students have the opportunity to take the HBX CORe Final Examination. CORe exam is designed to assess students' knowledge and understanding of the concepts covered in the program. CORe exam is a rigorous test that covers all three CORe areas of the program, and it requires students to demonstrate their ability to apply the knowledge they have gained to real-world business scenarios.
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One of the most important components of the HBX CORe program is the final examination. The final examination is designed to assess students' understanding of the material covered in the program. CORe examination consists of multiple-choice questions and short-answer questions that require students to apply their knowledge to real-world scenarios.
NEW QUESTION # 70
During a business downturn, a supply manager for RST, Inc. learns that its key supplier is becoming concerned about the firm's unpaid invoices. In this situation, the BEST course of action for the supply manager to take would be to
Answer: D
NEW QUESTION # 71
Which of the following BEST describes a single source supply strategy?
Answer: C
Explanation:
The option that BEST describes a single source supply strategy is A. Awarding purchases to one supplier in preference over other suppliers. Single sourcing occurs when a company chooses one supplier to provide all of its products, materials, parts, and components, even when there are other suppliers that can provide the same goods12. This strategy is often used to reduce costs and streamline the procurement process.
NEW QUESTION # 72
A supply manager is conducting financial analysis of bidders. The supply manager wants to select the supplier that is most efficient In the use of its assets. Based on the following information, which supplier should the supply manager choose?
Answer: A
NEW QUESTION # 73
After a major storm cuts off power to a large city, the local government passes an anti-gouging law to prevent a surge in the price for gasoline. After the law is in place, government officials learn that a side market for gasoline has developed, in which suppliers are procuring gasoline from surrounding areas and charging more than the legal price. Should the government shut down the side market?
Answer: A
NEW QUESTION # 74
A supplier's willingness to deal with rejected materials, fill surges in orders, and provide technical support will be MOST affected by which of the following?
Answer: D
Explanation:
The willingness of a supplier to deal with rejected materials, manage order surges, and provide technical support is greatly influenced by the relationship they have with the buying organization.
* Creating teaming agreements with suppliers: This can formalize collaboration but does not inherently foster goodwill and responsiveness.
* Negotiating inclusive terms and conditions: Important for clarity and expectations, but it is the relationship that often determines the supplier's extra effort.
* Maintaining good supplier relationships: Strong relationships encourage suppliers to go above and beyond the contractual requirements, fostering a sense of partnership and mutual support.
* Including such conditions in the statement of work: Ensures these terms are contractually agreed but does not guarantee the supplier's proactive engagement.
Thus, the most influential factor is maintaining good supplier relationships.
References:
* Supplier relationship management best practices.
* Articles on the impact of relationship management in supply chains.
NEW QUESTION # 75
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