GM Typically Solicits Bids from Global Suppliers to Produce a Particular

question 53

Multiple Choice

GM typically solicits bids from global suppliers to produce a particular component and awards a !-year contract to the supplier that submits the lowest bid.At the end of the year, a contract is once again put out for bid, and once again the lowest cost supplier is most likely to win the bid.Which of the following is GM using?

• A)Strategic outsourcing
• B)Competitive bidding
• C)Strategic bidding
• D)Long-term alliance
• E)Hostage taking

Recognize how the balanced scorecard approach and supply chain management contribute to strategic planning and operational efficiency.

Understand the factors influencing the likelihood of bystander intervention in emergency situations.

Examine the impact of social norms and bystander effect on individual actions in group settings.

Analyze how beliefs in a just world influence perceptions of social welfare programs and victim blaming.

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Definitions:

Cheating

An act of dishonesty or unfairness intended to gain an advantage.

Matching Hypothesis

A theory in social psychology that suggests individuals are more likely to form and succeed in a committed relationship with someone who is equally socially desirable.

Physical Attractiveness

The degree to which a person’s physical traits are considered aesthetically pleasing or beautiful in their society or culture.

Partners

Individuals who enter into a personal relationship, often used in the context of business, marriage, or collaboration.