Question 1

Which of the following processes will a computer assembling firm engage in if it decides to manufacture its own monitors and printers?

Accepted Answer

A) outsourcing 
B) vertical integration 
C) niche marketing 
D) lean production 
A) outsourcing 
B) vertical integration 
C) niche marketing 
D) lean production

Question 2

Verandas International
Verandas International is expanding its operations in North America.The Dutch company supplies customized furniture to five-star hotels.Verandas International is a leader in this industry,but the company believes it must increase its geographic reach to maintain that position.
-Economic forecasts reveal that the U.S.dollar is expected to decline relative to the Euro.Which of the following is the most advantageous method of obtaining funding for Verandas under these conditions?

Accepted Answer

A) borrowing from U.S.banks 
B) issuing equity in Germany 
C) issuing equity in the U.S. 
D) borrowing from Dutch banks 
A) borrowing from U.S.banks 
B) issuing equity in Germany 
C) issuing equity in the U.S. 
D) borrowing from Dutch banks

Question 3

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 decreases 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 decreases 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 4

The decentralization of production facilities is a typical policy for companies that pursue ________.

Accepted Answer

A) a multinational strategy 
B) a global strategy 
C) mass customization 
D) vertical integration 
A) a multinational strategy 
B) a global strategy 
C) mass customization 
D) vertical integration

Question 5

Patient money is the cash that can be quickly withdrawn from a market in times of crisis.

Accepted Answer

A) True 
 B)False

Question 6

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 7

Wilson Industries Inc.
Wilson Industries Inc.is a multinational firm that designs and produces premium leather bags for major destinations worldwide.The company's board of directors is meeting to discuss changes that might be needed in the company's operations.
-If the board discusses the spatial arrangement of production processes within Wilson's production facilities,they will be engaging in ________.

Accepted Answer

A) capacity planning 
B) facilities location planning 
C) process planning 
D) facilities layout planning 
A) capacity planning 
B) facilities location planning 
C) process planning 
D) facilities layout planning

Question 8

Which of the following terms refers to the decision of whether to produce a component internally or to outsource it from another company?

Accepted Answer

A) buyer decision process 
B) decision problem 
C) per curiam decision 
D) make-or-buy decision 
A) buyer decision process 
B) decision problem 
C) per curiam decision 
D) make-or-buy decision

Question 9

Which of the following factors has the least effect on facilities layout planning?

Accepted Answer

A) supply of land in a nation 
B) cost of land in a nation 
C) a firm's production process 
D) age of the company 
A) supply of land in a nation 
B) cost of land in a nation 
C) a firm's production process 
D) age of the company

Question 10

Transportation costs are a driving force behind the globalization of the steel industry.

Accepted Answer

A) True 
 B)False

Question 11

Describe the issues involved in the decision of how a company acquires raw materials and fixed assets.

Accepted Answer

Raw Materials-Decisions about the select

Question 12

Discuss the standardization versus adaptation decision for managers when considering production facilities,and describe considerations for managers when acquiring fixed assets.

Accepted Answer

An important issue in production strateg

Question 13

A company that sells differentiated products may maintain the ability to respond quickly to changing buyer preferences by utilizing ________.

Accepted Answer

A) vertical integration 
B) decentralized production 
C) lean production 
D) continuous production 
A) vertical integration 
B) decentralized production 
C) lean production 
D) continuous production

Question 14

Availability and cost of labor in the local market is crucial to process planning.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Which of the following statements is true regarding the ISO 9000 standards?

Accepted Answer

A) They specify details on how companies should develop its quality processes. 
B) The standards are applicable to Asia exclusively. 
C) ISO 9000 is a certification that companies get for their environment-friendly initiatives. 
D) The standards require each company to define and document its own quality processes. 
A) They specify details on how companies should develop its quality processes. 
B) The standards are applicable to Asia exclusively. 
C) ISO 9000 is a certification that companies get for their environment-friendly initiatives. 
D) The standards require each company to define and document its own quality processes.

Question 17

Describe the production managers' decision regarding whether to centralize or decentralize production facilities,and explain the benefits of vertical integration.

Accepted Answer

An important consideration for productio

Question 18

Which of the following determines the process that a company will use to create its product?

Accepted Answer

A) a firm's multinational strategy 
B) a firm's global strategy 
C) a firm's corporate-level strategy 
D) a firm's business-level strategy 
A) a firm's multinational strategy 
B) a firm's global strategy 
C) a firm's corporate-level strategy 
D) a firm's business-level strategy

Question 19

Debt appeals to companies because it lowers the amount of taxes the companies must pay.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

Which of the following processes will a computer assembling firm engage in if it decides to manufacture its own monitors and printers?

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

The decentralization of production facilities is a typical policy for companies that pursue ________.

Patient money is the cash that can be quickly withdrawn from a market in times of crisis.

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

Which of the following terms refers to the decision of whether to produce a component internally or to outsource it from another company?

Which of the following factors has the least effect on facilities layout planning?

Transportation costs are a driving force behind the globalization of the steel industry.

Describe the issues involved in the decision of how a company acquires raw materials and fixed assets.

Discuss the standardization versus adaptation decision for managers when considering production facilities,and describe considerations for managers when acquiring fixed assets.

A company that sells differentiated products may maintain the ability to respond quickly to changing buyer preferences by utilizing ________.

Availability and cost of labor in the local market is crucial to process planning.

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

Which of the following statements is true regarding the ISO 9000 standards?

Describe the production managers' decision regarding whether to centralize or decentralize production facilities,and explain the benefits of vertical integration.

Which of the following determines the process that a company will use to create its product?

Debt appeals to companies because it lowers the amount of taxes the companies must pay.

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

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

Which of the following processes will a computer assembling firm engage in if it decides to manufacture its own monitors and printers?

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

The decentralization of production facilities is a typical policy for companies that pursue ________.

Patient money is the cash that can be quickly withdrawn from a market in times of crisis.

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

Which of the following terms refers to the decision of whether to produce a component internally or to outsource it from another company?

Which of the following factors has the least effect on facilities layout planning?

Transportation costs are a driving force behind the globalization of the steel industry.

Describe the issues involved in the decision of how a company acquires raw materials and fixed assets.

Discuss the standardization versus adaptation decision for managers when considering production facilities,and describe considerations for managers when acquiring fixed assets.

A company that sells differentiated products may maintain the ability to respond quickly to changing buyer preferences by utilizing ________.

Availability and cost of labor in the local market is crucial to process planning.

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

Which of the following statements is true regarding the ISO 9000 standards?

Describe the production managers' decision regarding whether to centralize or decentralize production facilities,and explain the benefits of vertical integration.

Which of the following determines the process that a company will use to create its product?

Debt appeals to companies because it lowers the amount of taxes the companies must pay.

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

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