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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:
Throughout most of the supply chain, safety stock will be de-emphasized as a result of improved:
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 types of risk typically would be most difficult to plan for and mitigate?
For an item with high profit impact and low supply risk, what would be a likely procurement strategy to support the overall supply strategy?
Which of the following elements typically is considered to be an output of demand planning?

Question 497 - CSCP discussion

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The United Nations (UN) Global Compact is best defined as a:

A.
voluntary initiative to advance universal pnnciples on human rights, labor, anticorruption. and environmental stewardship.
Answers
A.
voluntary initiative to advance universal pnnciples on human rights, labor, anticorruption. and environmental stewardship.
B.
credential that indicates a multinational organization is upholding minimum standards of legal compliance and financial reporting.
Answers
B.
credential that indicates a multinational organization is upholding minimum standards of legal compliance and financial reporting.
C.
set of guidelines encouraging firms that plan to expand into other countries to adhere to the standards of their home countries.
Answers
C.
set of guidelines encouraging firms that plan to expand into other countries to adhere to the standards of their home countries.
D.
set of minimum standards for a wide range of business practices that allows organizations to receive global compliance certification.
Answers
D.
set of minimum standards for a wide range of business practices that allows organizations to receive global compliance certification.
Suggested answer: A

Explanation:

The United Nations (UN) Global Compact is a voluntary initiative that encourages businesses worldwide to adopt sustainable and socially responsible policies and to report on their implementation. The initiative is based on ten principles in the areas of human rights, labor, the environment, and anti-corruption. Companies that join the UN Global Compact commit to aligning their operations and strategies with these universal principles, thereby contributing to a more inclusive and sustainable global economy. The initiative provides a framework for businesses to integrate these principles into their operations and to engage in collaborative projects that advance the broader goals of the United Nations.

United Nations Global Compact. (n.d.). 'What is the UN Global Compact?' Retrieved from https://www.unglobalcompact.org

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
Jeremiah Gem Galeon
43 questions
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