Question 1

It is important for low-cost competitors to locate near their markets in order to keep track of buyer preferences.

Accepted Answer

A) True 
 B)False

Question 2

________ requires each individual to be focused on the quality of his or her own output.

Accepted Answer

A) Total quality management 
B) Quality-of-life index 
C) Integrated business planning 
D) Organizational restructuring 
A) Total quality management 
B) Quality-of-life index 
C) Integrated business planning 
D) Organizational restructuring

Question 3

Companies selling differentiated products find centralized production most effective.

Accepted Answer

A) True 
 B)False

Question 4

What role does flexibility play in the make-or-buy decision?

Accepted Answer

The typical manufacturing company requir

Question 5

Total quality management reduces the responsibility on each individual in the production process.

Accepted Answer

A) True 
 B)False

Question 6

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 Wilson Industries selects a new area for its production units,the company will be implementing ________.

Accepted Answer

A) capacity planning 
B) process planning 
C) facilities location planning 
D) product structure modeling 
A) capacity planning 
B) process planning 
C) facilities location planning 
D) product structure modeling

Question 7

Audio Component Outsourcing
Echo Corporation manufactures high-quality audio components,such as speakers,amplifiers,and receivers,for home entertainment systems.Echo has been losing market share in recent years due to the competitive pricing of other audio component manufacturers that engage in outsourcing.Echo managers are attempting to convince Nathan Douglas,the firm's founder and CEO,that outsourcing would enable the firm to be more competitive without sacrificing quality.
-Which of the following most likely supports the argument of Echo managers to outsource some of the firm's manufacturing activities?

Accepted Answer

A) Echo managers could reduce the wages of U.S.based employees and sub-contractors. 
B) Echo could save money by reducing the costs incurred in manufacturing the component parts. 
C) Echo managers could implement a marketing campaign for foreign markets that is identical to the outsourced firm's marketing campaign. 
D) Echo could merge with one of its U.S.-based competitors to gain a larger market share. 
A) Echo managers could reduce the wages of U.S.based employees and sub-contractors. 
B) Echo could save money by reducing the costs incurred in manufacturing the component parts. 
C) Echo managers could implement a marketing campaign for foreign markets that is identical to the outsourced firm's marketing campaign. 
D) Echo could merge with one of its U.S.-based competitors to gain a larger market share.

Question 8

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 9

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 10

A major disadvantage of American Depository Receipts (ADRs)is that investors who buy them must pay currency-conversion fees.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is experienced by a company that outsources its product development?

Accepted Answer

A) reduced investments in research and development 
B) reduced market flexibility 
C) less market influence with suppliers 
D) lower product costs due to the elimination of intermediaries 
A) reduced investments in research and development 
B) reduced market flexibility 
C) less market influence with suppliers 
D) lower product costs due to the elimination of intermediaries

Question 12

Which of the following is established by a company that builds an entirely new facility?

Accepted Answer

A) a divestiture 
B) a shadow economy 
C) a greenfield investment 
D) a shell corporation 
A) a divestiture 
B) a shadow economy 
C) a greenfield investment 
D) a shell corporation

Question 13

The particular process to be used to create products is typically determined by a firm's business-level strategy.

Accepted Answer

A) True 
 B)False

Question 14

A company often undertakes in-house production when it can manufacture a product for less than it must pay another business to produce it.

Accepted Answer

A) True 
 B)False

Question 15

Venture capital is a source of equity financing for successful multinational companies.

Accepted Answer

A) True 
 B)False

Question 16

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.
-The Verandas U.S.subsidiary was turned down when it tried to borrow from a U.S.bank.The bank manager suggested that the parent firm deposit money with the U.S.bank's Dutch branch,and then the U.S.bank's home office would lend the money to the U.S.subsidiary.This type of arrangement is known as a(n)________.

Accepted Answer

A) mortgage loan 
B) title loan 
C) back-to-back loan 
D) syndicated loan 
A) mortgage loan 
B) title loan 
C) back-to-back loan 
D) syndicated loan

Question 17

What are the options available to companies seeking financial resources?

Accepted Answer

Companies need financial resources to pa

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

American Depository Receipts (ADRs)are ________.

Accepted Answer

A) certificates that represent shares of stock in American companies 
B) dollar deposits made by foreign firms conducting business in the U.S. 
C) certificates that trade in the U.S.and represent shares of stock in a non-U.S.company 
D) currency deposits made in the U.S.by firms based in other countries 
A) certificates that represent shares of stock in American companies 
B) dollar deposits made by foreign firms conducting business in the U.S. 
C) certificates that trade in the U.S.and represent shares of stock in a non-U.S.company 
D) currency deposits made in the U.S.by firms based in other countries

Question 20

________ is the term used to refer to a production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed.

Accepted Answer

A) Just-in-time manufacturing 
B) Lean manufacturing 
C) Continuous production 
D) Flow production 
A) Just-in-time manufacturing 
B) Lean manufacturing 
C) Continuous production 
D) Flow production

It is important for low-cost competitors to locate near their markets in order to keep track of buyer preferences.

________ requires each individual to be focused on the quality of his or her own output.

Companies selling differentiated products find centralized production most effective.

What role does flexibility play in the make-or-buy decision?

Total quality management reduces the responsibility on each individual in the production process.

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 ________.

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

A major disadvantage of American Depository Receipts (ADRs)is that investors who buy them must pay currency-conversion fees.

Which of the following is experienced by a company that outsources its product development?

Which of the following is established by a company that builds an entirely new facility?

The particular process to be used to create products is typically determined by a firm's business-level strategy.

A company often undertakes in-house production when it can manufacture a product for less than it must pay another business to produce it.

Venture capital is a source of equity financing for successful multinational companies.

What are the options available to companies seeking financial resources?

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

American Depository Receipts (ADRs)are ________.

________ is the term used to refer to a production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed.

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

It is important for low-cost competitors to locate near their markets in order to keep track of buyer preferences.

________ requires each individual to be focused on the quality of his or her own output.

Companies selling differentiated products find centralized production most effective.

What role does flexibility play in the make-or-buy decision?

Total quality management reduces the responsibility on each individual in the production process.

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 ________.

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

A major disadvantage of American Depository Receipts (ADRs)is that investors who buy them must pay currency-conversion fees.

Which of the following is experienced by a company that outsources its product development?

Which of the following is established by a company that builds an entirely new facility?

The particular process to be used to create products is typically determined by a firm's business-level strategy.

A company often undertakes in-house production when it can manufacture a product for less than it must pay another business to produce it.

Venture capital is a source of equity financing for successful multinational companies.

What are the options available to companies seeking financial resources?

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

American Depository Receipts (ADRs)are ________.

________ is the term used to refer to a production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed.

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