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NEW QUESTION # 115
Nahid Cotton Mills Ltd, a leading manufacturer and exporter of high-quality knitting and cotton yarn in Bangladesh, aims to expand internationally and grow its global market to increase profits. The STEEPLED analysis tool can help assess various macro-environmental factors affecting the business. Which of the following factors fall under the social element of this analysis?
Answer: D
Explanation:
Choice A- Waste management initiatives is an Environmental factor. Choice B- Fashion and trend led by celebrities is a social factor as a it includes different lifestyles, types of family, culture, values and religions. Therefore is the correct answer. Choice C- Is an economic factor. Choice D- Corruption and bribery is a part of government idealogy and policies thus is a political factor. Reference: LO-1.2; Page 55; Use of STEEPLED analysis to explain the factors driving globalization
NEW QUESTION # 116
Despite Mr. Benjamin being galling, he is the boss, and employees recognize that he has worked hard to earn his management position. When he gives orders, you comply because you acknowledge his authority. What type of power does Mr. Benjamin hold?
Answer: C
Explanation:
Choice B- The correct answer is legitimate power, as it stems from a person's position within the organization. Mr. Benjamin's authority as a manager grants him the power to give orders, and employees are expected to comply due to his status and role.
Incorrect answer:
Choice A- Expert power is possessed by someone who has skills, knowledge or expertise in a certain area. In this situation Mr Benjamin does not have any expertise of any area.
Choice C-Nothing about strong interpersonal relationship skills is mentioned here which people with referent power have.
Choice D-Network power stakeholders usually have access to valuable connections or are central to a powerful group. So again nothing about these qualities are mentioned about Mr Benjamin.
Reference:
LO-1.4; Page 124; Responsible use of power relationships
NEW QUESTION # 117
Social security is recognized internationally as a fundamental human right. When sourcing from developing countries, procurement professionals must be mindful of the limited social support available to low-income workers, as neglecting this issue could harm their organization's reputation. Which of the following is NOT a step toward expanding social security coverage for more people in developing countries?
Answer: B
Explanation:
Therefore Choice D is a not a way in which social security can be extended as we need to reduce costs of formal sector benefits. Reference: LO-1.3; Page 94; Wages and social security arrangements
NEW QUESTION # 118
The right to freedom of association and collective bargaining primarily pertains to which of the following?
Answer: D
Explanation:
Option B- Option B is correct because it explicitly describes workers' rights to form and join trade unions, which is central to this principle.
Incorrect answer:
Option A- The right of employers to dismiss workers is unrelated to freedom of association.
Option C- While governments may regulate labor markets, this is not the essence of freedom of association.
Option D- Minimum wage is a separate labor issue and not directly tied to freedom of association or collective bargaining rights.
Reference:
LO-3.1; Page 249-250; Standards set by the United Nations (UN) and the International Labor Organization (ILO)
NEW QUESTION # 119
Which of the following is NOT a reason for supply chain mapping?
Answer: D
Explanation:
Supply chain mapping aims to identify risks, improve visibility, and ensure compliance, among other benefits. However, it does not eliminate the need for managing supplier relationships; in fact, it often enhances the ability to manage those relationships effectively.
Reference:
LO-2.1; Page 155; Mapping supply chains to achieve supply chain transparency
NEW QUESTION # 120
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