Week 12 MCQ Flashcards
What is the primary purpose of the ADDAPT framework proposed in the article?
To manage both known and unknown supply chain risks.
What differntiates the service economy from other sectors of the economy?
It provides intangible things like advice, experiences, and attention.
Which city is an example of a “global city” that emerged in the 1980s due to advanced services and finances?
London
In this week’s reading, which industry was used as an example of how the service
industry can still be environmentally detrimental despite its intangibility?
Cruise industry
Which country has the largest service sector in the world, contributing approximately
30% of global output?
The United States
Why are global cities like New York, London, and Tokyo particularly influential in
service-dominated economies?
They centralize decision-making for multinational corporations.
What is a key advantage of applying the ADDAPT framework in supply chain
management?
It focuses on proactive and reactive strategies for handling disruptions.
What was a significant factor in the growth of the service sector in economies like Pittsburgh?
The decline of steel production.
How does the IMF define an Offshore Financial Center (OFC)?
A location providing financial services to non-residents disproportionate to its domestic
economy.
What is the key difference between offshoring and outsourcing?
Offshoring establishes a company’s own facilities abroad, while outsourcing relies on
independent suppliers.
