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A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
The purpose of price differentiation is to:
In a make-or-buy decision, if the product is modular and the company is dependent on knowledge and capacity, outsourcing most likely will be:
A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:
Supply chains delivering products or services are most able to respond quickly to changing market requirements when:
Throughout most of the supply chain, safety stock will be de-emphasized as a result of improved:
The primary risk associated with outsourcing innovative components to suppliers is:
The practice of supply chain members acting in close collaboration while retaining independent ownership is known as:
A company considers moving a portion of its production to a distant country to support a major customer. Which of the following actions is most effective in mitigating the risk of financial loss in the event of a global economic downturn?
Which of the following elements of total quality management (TQM) results in a lower overall cost of the product?

Question 153 - CSCP discussion

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The United Nations Global Compact uses 10 guiding principles to:

A.
reduce uncertainty for multinational firms regarding legal, import/export, labor, and environmental standards across countries.
Answers
A.
reduce uncertainty for multinational firms regarding legal, import/export, labor, and environmental standards across countries.
B.
set minimum levels of compliance across a broad range of transactional areas for businesses operating in multiple geographic regions.
Answers
B.
set minimum levels of compliance across a broad range of transactional areas for businesses operating in multiple geographic regions.
C.
align the needs of businesses to increase profitability and the needs of individual countries to ensure their specific legal requirements are met.
Answers
C.
align the needs of businesses to increase profitability and the needs of individual countries to ensure their specific legal requirements are met.
D.
help ensure that markets, commerce, technology, and finance promote advancement of economies and societies everywhere.
Answers
D.
help ensure that markets, commerce, technology, and finance promote advancement of economies and societies everywhere.
Suggested answer: D

Explanation:

UN Global Compact Overview: The UN Global Compact is a voluntary initiative based on CEO commitments to implement universal sustainability principles and to take steps to support UN goals.

10 Guiding Principles: These principles cover areas such as human rights, labor, environment, and anti-corruption.

Objective: The primary goal of these principles is to promote responsible business practices and ensure that markets, commerce, technology, and finance can advance in ways that benefit economies and societies globally.

Explanation of Choice:

Option A: Reducing uncertainty for multinational firms is an outcome but not the primary purpose.

Option B: Setting minimum compliance levels is more regulatory and less about voluntary global advancement.

Option C: Aligning business needs with legal requirements is specific and less comprehensive.

Option D: Encompasses the broader goal of promoting global advancement through responsible practices.

United Nations Global Compact. (2020). The Ten Principles of the UN Global Compact. UN Global Compact.

Kell, G. (2005). The Global Compact Selected Experiences and Reflections. Journal of Business Ethics, 59(1-2), 69-79.

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asked 16/09/2024
Luis Elola
28 questions
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