Question 1

Discuss the strategic objectives of the production and logistics functions of an international firm.

Accepted Answer

The production and logistics functions o

Question 2

Flexible manufacturing technology is also known as _____.

Accepted Answer

A)  Six sigma production 
B)  line production 
C)  standardization 
D)  lean production 
A)  Six sigma production 
B)  line production 
C)  standardization 
D)  lean production

Question 3

A _____ is an asset whose value is contingent upon a particular relationship persisting.

Accepted Answer

A)  specialized asset 
B)  balanced asset 
C)  universal asset 
D)  supplementary asset 
A)  specialized asset 
B)  balanced asset 
C)  universal asset 
D)  supplementary asset

Question 4

Explain how fixed costs impact the decision to locate a plant.

Accepted Answer

In some cases the fixed costs of setting

Question 5

When does concentration of production make sense?

Accepted Answer

There are several situations when concen

Question 6

The argument for centralizing production will be greater if the minimum efficient scale of a plant relative to total global demand is low.

Accepted Answer

A) True 
 B)False

Question 7

Buying a product from external vendors is highly appropriate when a firm intends to protect proprietary technology.

Accepted Answer

A) True 
 B)False

Question 8

Modern consumer products such as personal computers serve universal needs.

Accepted Answer

A) True 
 B)False

Question 9

How do flexible machine cells work? What is the advantage of incorporating this type of technology into a strategy?

Accepted Answer

Flexible machine cells are a common flex

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Outsourcing some manufacturing to independent suppliers based in other countries would help firms capture more orders from that country.

Accepted Answer

A) True 
 B)False

Question 12

The level of output at which most plant-level scale economies are exhausted is referred to as the minimum efficient scale of output.

Accepted Answer

A) True 
 B)False

Question 13

Strategic alliances build trust between the firm and its suppliers.

Accepted Answer

A) True 
 B)False

Question 14

Web-based information systems play a minor role in modern materials management.

Accepted Answer

A) True 
 B)False

Question 15

Just-in-time systems are used to economize on inventory holding costs by having materials arrive at a manufacturing plant just in time to enter the production process and not before.

Accepted Answer

A) True 
 B)False

Question 16

How do product factors affect the decision of where to locate production? Where will you locate your firm's production plant if your firm produces refined sugar?

Accepted Answer

There are two product factors that affec

Question 17

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

Accepted Answer

A)  Pharmaceuticals 
B)  Refined sugar 
C)  Microprocessor 
D)  Electronic items 
A)  Pharmaceuticals 
B)  Refined sugar 
C)  Microprocessor 
D)  Electronic items

Question 18

Other things being equal, a firm should locate its various manufacturing activities where the relative factor costs are conducive to the performance of those activities.

Accepted Answer

A) True 
 B)False

Question 19

What are the three main factors that affect the decision of locating production?

Accepted Answer

The decision of where to locate producti

Question 20

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

Accepted Answer

A)  Exchange rates that govern the business 
B)  Relative factors costs in the locality 
C)  Availability of a skilled labor pool 
D)  Fixed costs of setting up a production plant 
A)  Exchange rates that govern the business 
B)  Relative factors costs in the locality 
C)  Availability of a skilled labor pool 
D)  Fixed costs of setting up a production plant

Discuss the strategic objectives of the production and logistics functions of an international firm.

Flexible manufacturing technology is also known as _____.

A _____ is an asset whose value is contingent upon a particular relationship persisting.

Explain how fixed costs impact the decision to locate a plant.

When does concentration of production make sense?

The argument for centralizing production will be greater if the minimum efficient scale of a plant relative to total global demand is low.

Buying a product from external vendors is highly appropriate when a firm intends to protect proprietary technology.

Modern consumer products such as personal computers serve universal needs.

How do flexible machine cells work? What is the advantage of incorporating this type of technology into a strategy?

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

Outsourcing some manufacturing to independent suppliers based in other countries would help firms capture more orders from that country.

The level of output at which most plant-level scale economies are exhausted is referred to as the minimum efficient scale of output.

Strategic alliances build trust between the firm and its suppliers.

Web-based information systems play a minor role in modern materials management.

Just-in-time systems are used to economize on inventory holding costs by having materials arrive at a manufacturing plant just in time to enter the production process and not before.

How do product factors affect the decision of where to locate production? Where will you locate your firm's production plant if your firm produces refined sugar?

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

Other things being equal, a firm should locate its various manufacturing activities where the relative factor costs are conducive to the performance of those activities.

What are the three main factors that affect the decision of locating production?

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

Globalization

National Differences in Political Economy

Political Economy and Economic Development

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 17: Global Production, Outsourcing, and Logistics

Discuss the strategic objectives of the production and logistics functions of an international firm.

Flexible manufacturing technology is also known as _____.

A _____ is an asset whose value is contingent upon a particular relationship persisting.

Explain how fixed costs impact the decision to locate a plant.

When does concentration of production make sense?

The argument for centralizing production will be greater if the minimum efficient scale of a plant relative to total global demand is low.

Buying a product from external vendors is highly appropriate when a firm intends to protect proprietary technology.

Modern consumer products such as personal computers serve universal needs.

How do flexible machine cells work? What is the advantage of incorporating this type of technology into a strategy?

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

Outsourcing some manufacturing to independent suppliers based in other countries would help firms capture more orders from that country.

The level of output at which most plant-level scale economies are exhausted is referred to as the minimum efficient scale of output.

Strategic alliances build trust between the firm and its suppliers.

Web-based information systems play a minor role in modern materials management.

Just-in-time systems are used to economize on inventory holding costs by having materials arrive at a manufacturing plant just in time to enter the production process and not before.

How do product factors affect the decision of where to locate production? Where will you locate your firm's production plant if your firm produces refined sugar?

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

Other things being equal, a firm should locate its various manufacturing activities where the relative factor costs are conducive to the performance of those activities.

What are the three main factors that affect the decision of locating production?

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

Globalization

National Differences in Political Economy

Political Economy and Economic Development

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters