Question 1

How is process planning affected by a company's business-level strategy? How can outsourcing lower risk for firms?

Accepted Answer

Deciding on the process that a company w

Question 2

Computer companies buying hardware components from component-makers,assembling them in their own facilities,and selling completed systems to consumers and businesses is an example of ________.

Accepted Answer

A)  telecommuting 
B)  franchising 
C)  outsourcing 
D)  licensing 
A)  telecommuting 
B)  franchising 
C)  outsourcing 
D)  licensing

Question 3

________ refers to a situation in which facilities are spread over several locations,with one facility for each national business environment in which the company markets its products.

Accepted Answer

A)  Continuous production 
B)  Decentralized production 
C)  Vertical integration 
D)  Lean production 
A)  Continuous production 
B)  Decentralized production 
C)  Vertical integration 
D)  Lean production

Question 4

A British toy company manufactures all of its product lines in a single facility in Europe.Which of the following is the company demonstrating?

Accepted Answer

A)  continuous production 
B)  lean production 
C)  centralized production 
D)  horizontal integration 
A)  continuous production 
B)  lean production 
C)  centralized production 
D)  horizontal integration

Question 5

Which of the following reasons encourages companies to buy a product rather than make it?

Accepted Answer

A)  Buying a product gives managers greater control over the production process. 
B)  Buying a product increases the company's total costs significantly compared to making the product in-house. 
C)  Buying a product ensures non-flexibility to local market conditions. 
D)  Buying a product enables a company to gain a great deal of power in their relationships with suppliers. 
A)  Buying a product gives managers greater control over the production process. 
B)  Buying a product increases the company's total costs significantly compared to making the product in-house. 
C)  Buying a product ensures non-flexibility to local market conditions. 
D)  Buying a product enables a company to gain a great deal of power in their relationships with suppliers.

Question 6

How can companies use internal funding to finance ongoing international business activities?

Accepted Answer

Ongoing international business activitie

Question 7

The process by which a company extends its control over additional stages of production is called vertical integration.

Accepted Answer

A) True 
 B)False

Question 8

________ refers to the foreign direct investment in factories,equipment,and land that cannot be pulled out of the market quickly.

Accepted Answer

A)  Hot money 
B)  Patient money 
C)  Fiat money 
D)  Key money 
A)  Hot money 
B)  Patient money 
C)  Fiat money 
D)  Key money

Question 9

Which of the following would companies do in markets that require long payback periods?

Accepted Answer

A)  divest operations 
B)  implement retrenchment strategies 
C)  emphasize on decruitment 
D)  reinvest profits 
A)  divest operations 
B)  implement retrenchment strategies 
C)  emphasize on decruitment 
D)  reinvest profits

Question 10

Companies selling undifferentiated products find centralized production most effective.

Accepted Answer

A) True 
 B)False

Question 11

One reason to buy a product instead of making it in-house is the greater flexibility to respond to market conditions.

Accepted Answer

A) True 
 B)False

Question 12

A firm that buys from another company a good or service that is part of the firm's value-added activities is practicing ________.

Accepted Answer

A)  outsourcing 
B)  vertical integration 
C)  horizontal integration 
D)  lean production 
A)  outsourcing 
B)  vertical integration 
C)  horizontal integration 
D)  lean production

Question 13

Today,due to improved technology,it is fairly easy to persuade an outside supplier to make significant modifications to a component.

Accepted Answer

A) True 
 B)False

Question 14

________ manufacturing is any manufacturing that takes place in a country different from the home country.

Accepted Answer

A)  Offshore 
B)  Multidomestic 
C)  Cost-minimization 
D)  Outsourcing 
A)  Offshore 
B)  Multidomestic 
C)  Cost-minimization 
D)  Outsourcing

Question 15

Scenario: Hafstrom Motors
Based in Kentucky, Hafstrom Motors has always used spare parts made in America for its automobiles. However, sales and profits have slumped over the past three years. A senior manager at the company comes up with new strategies for improving the firm's production activities.
-The senior manager argues that Hafstrom could reduce its costs significantly by purchasing parts from companies located overseas rather than producing its own parts.Which of the following is the senior manager advocating?

Accepted Answer

A)  outsourcing 
B)  a greenfield investment 
C)  lean production 
D)  vertical integration 
A)  outsourcing 
B)  a greenfield investment 
C)  lean production 
D)  vertical integration

Question 16

Worker productivity tends to be lower in most developing nations than in developed nations.

Accepted Answer

A) True 
 B)False

Question 17

Companies make products rather than buy them in order to reduce total costs.

Accepted Answer

A) True 
 B)False

Question 18

Explain the process of facilities location planning.What issues must companies consider while selecting the location for their production facilities?

Accepted Answer

Selecting the location for production fa

Question 19

Which of the following statements is true regarding total quality management (TQM)?

Accepted Answer

A)  TQM emphasizes on a single effort at the start to improve the quality of its products. 
B)  TQM largely increases the responsibility on each individual to focus on quality. 
C)  TQM philosophy initially took hold in the U.S. 
D)  TQM applies solely to an employee's activities based inside a factory. 
A)  TQM emphasizes on a single effort at the start to improve the quality of its products. 
B)  TQM largely increases the responsibility on each individual to focus on quality. 
C)  TQM philosophy initially took hold in the U.S. 
D)  TQM applies solely to an employee's activities based inside a factory.

Question 20

The process of assessing a company's ability to produce enough output to satisfy market demand is called ________.

Accepted Answer

A)  capacity planning 
B)  lean production 
C)  process management 
D)  product structure modeling 
A)  capacity planning 
B)  lean production 
C)  process management 
D)  product structure modeling

How is process planning affected by a company's business-level strategy? How can outsourcing lower risk for firms?

Computer companies buying hardware components from component-makers,assembling them in their own facilities,and selling completed systems to consumers and businesses is an example of ________.

________ refers to a situation in which facilities are spread over several locations,with one facility for each national business environment in which the company markets its products.

A British toy company manufactures all of its product lines in a single facility in Europe.Which of the following is the company demonstrating?

Which of the following reasons encourages companies to buy a product rather than make it?

How can companies use internal funding to finance ongoing international business activities?

The process by which a company extends its control over additional stages of production is called vertical integration.

________ refers to the foreign direct investment in factories,equipment,and land that cannot be pulled out of the market quickly.

Which of the following would companies do in markets that require long payback periods?

Companies selling undifferentiated products find centralized production most effective.

One reason to buy a product instead of making it in-house is the greater flexibility to respond to market conditions.

A firm that buys from another company a good or service that is part of the firm's value-added activities is practicing ________.

Today,due to improved technology,it is fairly easy to persuade an outside supplier to make significant modifications to a component.

________ manufacturing is any manufacturing that takes place in a country different from the home country.

Worker productivity tends to be lower in most developing nations than in developed nations.

Companies make products rather than buy them in order to reduce total costs.

Explain the process of facilities location planning.What issues must companies consider while selecting the location for their production facilities?

Which of the following statements is true regarding total quality management (TQM)?

The process of assessing a company's ability to produce enough output to satisfy market demand is called ________.

Globalization

Cross-Cultural Business

Political Economy and Ethics

Economic Development of Nations

International Trade Theory

Political Economy of Trade

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Monetary System

International Strategy and Organization

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Hiring and Managing Employees

Filters

Exam 15: Managing International Operations

How is process planning affected by a company's business-level strategy? How can outsourcing lower risk for firms?

Computer companies buying hardware components from component-makers,assembling them in their own facilities,and selling completed systems to consumers and businesses is an example of ________.

________ refers to a situation in which facilities are spread over several locations,with one facility for each national business environment in which the company markets its products.

A British toy company manufactures all of its product lines in a single facility in Europe.Which of the following is the company demonstrating?

Which of the following reasons encourages companies to buy a product rather than make it?

How can companies use internal funding to finance ongoing international business activities?

The process by which a company extends its control over additional stages of production is called vertical integration.

________ refers to the foreign direct investment in factories,equipment,and land that cannot be pulled out of the market quickly.

Which of the following would companies do in markets that require long payback periods?

Companies selling undifferentiated products find centralized production most effective.

One reason to buy a product instead of making it in-house is the greater flexibility to respond to market conditions.

A firm that buys from another company a good or service that is part of the firm's value-added activities is practicing ________.

Today,due to improved technology,it is fairly easy to persuade an outside supplier to make significant modifications to a component.

________ manufacturing is any manufacturing that takes place in a country different from the home country.

Worker productivity tends to be lower in most developing nations than in developed nations.

Companies make products rather than buy them in order to reduce total costs.

Explain the process of facilities location planning.What issues must companies consider while selecting the location for their production facilities?

Which of the following statements is true regarding total quality management (TQM)?

The process of assessing a company's ability to produce enough output to satisfy market demand is called ________.

Globalization

Cross-Cultural Business

Political Economy and Ethics

Economic Development of Nations

International Trade Theory

Political Economy of Trade

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Monetary System

International Strategy and Organization

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Hiring and Managing Employees

Filters