Question 1

Which of the following is a situation wherein an alliance may be appropriate?

Accepted Answer

The answer of Which of the following is a situation...

Question 2

Which of the following is not an attribute of institutional trust?

Accepted Answer

While institutional integrity is an important part of institutional trust, it is not the only attribute. Other important attributes include open communication, conflict resolution, consideration of stakeholder perspectives, and mutual goals.

Question 3

Which of the following is not an attribute of institutional trust?

Accepted Answer

Sharing of information is an essential attribute of institutional trust. Therefore, option D, which says that sharing of information is discouraged, is not an attribute of institutional trust.

Question 4

Which of the following is not an attribute of institutional trust?

Accepted Answer

Trust cannot solely exist if it is written into a contract. While contracts can help establish trust, trust must also be based on actions and behaviors over time.

Question 5

Which of the following is a situation wherein an alliance may be appropriate?

Accepted Answer

The answer of Which of the following is a situation...

Question 6

Which of the following statements is not true about trust?

Accepted Answer

The statement that transactional relationships are completely void of trust is not true. While trust may not be the defining characteristic of transactional relationships, some level of trust must still be present in order for transactions to occur.

Question 7

Which of the following is not an attribute of institutional trust?

Accepted Answer

Institutional trust typically involves a deeper level of collaboration and sharing, including strategic plans, not just tactical ones. Sharing only tactical plans suggests a lack of full trust or openness, which is contrary to the concept of institutional trust that encompasses a broader and more integrated approach to partnership and cooperation.

Question 8

Which of the following is not an e-Commerce trap presented in the textbook?

Accepted Answer

The answer of Which of the following is not an...

Question 9

Which of the following is not an attribute of alliances?

Accepted Answer

Penalties are typically not a primary attribute of alliances. Alliances focus on mutual benefits, cooperation, and often on win-win negotiations rather than using penalties to guide performance.

Question 10

Which of the following is not an attribute of institutional trust?

Accepted Answer

Institutional trust is built over a long period of time through consistent actions and communication, and it cannot be developed quickly.

Question 11

Which of the following is not one of the outcomes that collaborative relationships tend to foster?

Accepted Answer

Collaborative relationships are meant to increase information sharing among partners, so decreased information sharing would not be an outcome of such a relationship. Increased investment in R&D, training, equipment, and better focus on customer needs are all positive outcomes that can be expected from a collaborative relationship.

Question 12

Which of the following is a situation wherein an alliance may be appropriate?

Accepted Answer

Synergistic collaborative design opportunities exist can be a situation wherein an alliance may be appropriate. This indicates that the two parties can work together to create innovative products that would not have been possible otherwise.

Question 13

Which of the following is not one of the benefits of supply alliances?

Accepted Answer

Increased inspection levels is not a commonly cited benefit of supply alliances. The other options are all benefits of supply alliances that are frequently mentioned in literature and in practice.

Question 14

Which of the following is a situation wherein an alliance may be appropriate?

Accepted Answer

The answer of Which of the following is a situation...

Question 15

Developing and managing collaborative relationships require supply professionals that possess the all of the following skills and attitudes except one in the following list.Which skill in the following list is not required?

Accepted Answer

While the ability to develop information systems may be helpful in some cases, it is not listed as a required skill for developing and managing collaborative relationships in supply chain management. The other skills listed (recognizing the benefits of collaboration, identifying, obtaining, and using data, working in chaos and uncertainty, and being agile, flexible, and highly adaptable) are essential for successful collaboration.

Question 16

Which of the following is not an attribute of alliances?

Accepted Answer

Contracts that are difficult to interpret are not an attribute of alliances. Alliances are characterized by continuous improvement, interdependence and commitment, an atmosphere of cooperation, and informal interpersonal connections.

Question 17

Which of the following is not an action to develop and manage trust?

Accepted Answer

Base negotiations on the zero-sum game is not an action to develop and manage trust as it creates a win-lose situation where one party's gain is another party's loss. This approach can harm trust-building efforts and lead to a sense of animosity between the parties involved. The other options all involve actions that help develop and manage trust, such as senior leaders acting as champions, developing a communication system, creating actions to measure trust, and addressing risks and rewards openly.

Question 18

Which of the following is not an action to develop and manage trust?

Accepted Answer

Appointing a team of attorneys to manage the relationship does not necessarily contribute to developing and managing trust, as legal actions may often be seen as adversarial and undermine trust-building efforts. The other actions mentioned all contribute to developing and managing trust.

Question 19

Which of the following is not an attribute of alliances?

Accepted Answer

The statement "Negotiations result in one winner" is not an attribute of alliances. Alliances are built on the principle of mutually beneficial relationships where both parties gain from the relationship. Negotiations in alliances are based on collaboration and compromise rather than a winner takes all approach.

Question 20

Which of the following is not one of the issues that affect a supplier's assessment of a buying firm?

Accepted Answer

Cash flow, openness and approachability, availability, and professionalism are all factors that suppliers consider when assessing a buying firm. However, gifts and gratuities would not typically be a factor in a supplier's assessment, as these are more related to ethical concerns and may even be prohibited by company policies or regulations.

Quiz 4: A Portfolio of Relationships

Which of the following is a situation wherein an alliance may be appropriate?

Which of the following is not an attribute of institutional trust?

Which of the following is not an attribute of institutional trust?

Which of the following is not an attribute of institutional trust?

Which of the following is a situation wherein an alliance may be appropriate?

Which of the following statements is not true about trust?

Which of the following is not an attribute of institutional trust?

Which of the following is not an e-Commerce trap presented in the textbook?

Which of the following is not an attribute of alliances?

Which of the following is not an attribute of institutional trust?

Which of the following is not one of the outcomes that collaborative relationships tend to foster?

Which of the following is a situation wherein an alliance may be appropriate?

Which of the following is not one of the benefits of supply alliances?

Which of the following is a situation wherein an alliance may be appropriate?

Developing and managing collaborative relationships require supply professionals that possess the all of the following skills and attitudes except one in the following list.Which skill in the following list is not required?

Which of the following is not an attribute of alliances?

Which of the following is not an action to develop and manage trust?

Which of the following is not an action to develop and manage trust?

Which of the following is not an attribute of alliances?

Which of the following is not one of the issues that affect a supplier's assessment of a buying firm?