Question 1

When does concentration of production make sense?

Accepted Answer

There are several situations when concen

Question 2

Explain specialized assets with an example.

Accepted Answer

A specialized asset is an asset whose va

Question 3

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

Question 4

What is logistics? Discuss the relationship between production and logistics.

Accepted Answer

Logistics is the activity that controls

Question 5

Discuss the role of information technology and the Internet in materials management.

Accepted Answer

Web-based information systems play a cru

Question 6

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 7

Concentration of production is appropriate when _____.

Accepted Answer

A)  the product serves universal needs 
B)  the product does not serve universal needs 
C)  the product's value-to-weight ratio is low 
D)  volatility in important exchange rates is expected 
A)  the product serves universal needs 
B)  the product does not serve universal needs 
C)  the product's value-to-weight ratio is low 
D)  volatility in important exchange rates is expected

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Which of the following statements is true of the country factors that govern international business?

Accepted Answer

A)  Relative factor costs should be considered when selecting a country for production. 
B)  Centralized production is the most suitable method of doing international business. 
C)  Exchange rates are not a significant factor that determines the selection of a country. 
D)  Decentralized manufacturing is the most suitable method of doing international business. 
A)  Relative factor costs should be considered when selecting a country for production. 
B)  Centralized production is the most suitable method of doing international business. 
C)  Exchange rates are not a significant factor that determines the selection of a country. 
D)  Decentralized manufacturing is the most suitable method of doing international business.

Question 10

Decentralization of production is appropriate when _____.

Accepted Answer

A)  a product's value-to-weight ratio is high 
B)  the product serves universal needs 
C)  barriers to trade are low 
D)  volatility in key exchange rates is expected 
A)  a product's value-to-weight ratio is high 
B)  the product serves universal needs 
C)  barriers to trade are low 
D)  volatility in key exchange rates is expected

Question 11

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 12

Dynamic capabilities describe skills that _____.

Accepted Answer

A)  are used to perform the day-to-day activities in a firm 
B)  refer to extrinsic capabilities of an employee 
C)  become more valuable over time through learning 
D)  are used by managers to make transactional decisions 
A)  are used to perform the day-to-day activities in a firm 
B)  refer to extrinsic capabilities of an employee 
C)  become more valuable over time through learning 
D)  are used by managers to make transactional decisions

Question 13

The firm that sources from independent suppliers has fewer subunits to control.

Accepted Answer

A) True 
 B)False

Question 14

Explain how the concept of production efficiency has changed with the rise of flexible manufacturing technologies.

Accepted Answer

Flexible technology,also known as lean p

Question 15

A specialized asset is an asset that is used to perform day-to-day activities.

Accepted Answer

A) True 
 B)False

Question 16

The firm that improves its quality control will also reduce its costs of value creation.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following statements is true of products with high value-to-weight ratios?

Accepted Answer

A)  Transportation costs usually account for a large percentage of their total costs. 
B)  They are relatively inexpensive and weigh a lot. 
C)  They are usually produced in multiple locations close to major markets. 
D)  Their transportation account for a very small percentage of the total costs. 
A)  Transportation costs usually account for a large percentage of their total costs. 
B)  They are relatively inexpensive and weigh a lot. 
C)  They are usually produced in multiple locations close to major markets. 
D)  Their transportation account for a very small percentage of the total costs.

Question 18

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

Accepted Answer

A)  Transport costs are high when using a just-in-time system. 
B)  It leaves a firm without a buffer stock of inventory. 
C)  It increases the warranty costs associated with products. 
D)  It leaves a firm with high scrap costs associated with defective products. 
A)  Transport costs are high when using a just-in-time system. 
B)  It leaves a firm without a buffer stock of inventory. 
C)  It increases the warranty costs associated with products. 
D)  It leaves a firm with high scrap costs associated with defective products.

Question 19

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 20

The benefits of making all or part of a product in-house is minimal when highly specialized assets are involved.

Accepted Answer

A) True 
 B)False

When does concentration of production make sense?

Explain specialized assets with an example.

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

What is logistics? Discuss the relationship between production and logistics.

Discuss the role of information technology and the Internet in materials management.

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

Concentration of production is appropriate when _____.

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

Which of the following statements is true of the country factors that govern international business?

Decentralization of production is appropriate when _____.

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

Dynamic capabilities describe skills that _____.

The firm that sources from independent suppliers has fewer subunits to control.

Explain how the concept of production efficiency has changed with the rise of flexible manufacturing technologies.

A specialized asset is an asset that is used to perform day-to-day activities.

The firm that improves its quality control will also reduce its costs of value creation.

Which of the following statements is true of products with high value-to-weight ratios?

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

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

The benefits of making all or part of a product in-house is minimal when highly specialized assets are involved.

Globalization

National Differences in Political Economy, and Legal Systems

National Differences in Economic Development

Differences in Culture

Ethics, corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Trade Pacts Give the Mexican Auto Industry an Edge

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 and Supply Chain Management

When does concentration of production make sense?

Explain specialized assets with an example.

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

What is logistics? Discuss the relationship between production and logistics.

Discuss the role of information technology and the Internet in materials management.

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

Concentration of production is appropriate when _____.

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

Which of the following statements is true of the country factors that govern international business?

Decentralization of production is appropriate when _____.

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

Dynamic capabilities describe skills that _____.

The firm that sources from independent suppliers has fewer subunits to control.

Explain how the concept of production efficiency has changed with the rise of flexible manufacturing technologies.

A specialized asset is an asset that is used to perform day-to-day activities.

The firm that improves its quality control will also reduce its costs of value creation.

Which of the following statements is true of products with high value-to-weight ratios?

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

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

The benefits of making all or part of a product in-house is minimal when highly specialized assets are involved.

Globalization

National Differences in Political Economy, and Legal Systems

National Differences in Economic Development

Differences in Culture

Ethics, corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Trade Pacts Give the Mexican Auto Industry an Edge

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