Exam 17: Global Production and Supply Chain Management

The term _____ has been coined to describe the ability of companies to use flexible manufacturing technology to reconcile the goals of low cost and product personalization.

Decentralization of production is appropriate when the product does not serve universal needs.

Flexible manufacturing technologies enable companies to customize products to the demands of small consumer groups.

Which of the following products will have low value-to-weight ratios?

Describe the concept of minimum efficient scale. Discuss the implications of minimum efficient scale.

Describe the major arguments put forth by Edward Deming.

Make-or-buy decisions are decisions about:

When a multinational corporation buys products or services from one of its suppliers that produces them somewhere else, whether domestically or globally, it is referred to as _____.

Packaging, which comes in all shapes, sizes, forms, and uses, can be divided into three different types:

Which of the following is a drawback of a just-in-time system?

This type of factory-often with the same standards as the top factories in the global firm's system-is set up to overcome intangible and tangible barriers in the global marketplace.

Packaging is intended to achieve a set of multilayered functions, which can be grouped into (1) perform, (2) protect, and (3) inform. Which of the following is one of the functions of the "perform" group?

A facility that positions and allows customization of products for delivery to worldwide wholesalers or retailers or directly to consumers anywhere in the world.

Which of the following statements is true of Web-based EDI systems?

Which of the following is the main concept of economies of scale?

A production process would create just 1 defect per six thousand products at Six Sigma.

Which of the following is a technological factor that affects international business?

Logistics is the activity that controls the:

A major aspect of a(n) _____ is a belief in global learning-the idea that valuable knowledge does not reside just in a firm's domestic operations.

The typical _____ is dedicated to the production of a family of parts or products through the use of four to six machines capable of performing various operations.