Question 1

A(n)_____ is a grouping of various types of machinery,a common materials handler,and a centralized cell controller.

Accepted Answer

A)  flexible machine cell 
B)  Six Sigma 
C)  assembly line 
D)  minimum efficient scale 
A)  flexible machine cell 
B)  Six Sigma 
C)  assembly line 
D)  minimum efficient scale

Question 2

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 3

Just-in-time systems reduce product quality although it brings about huge cost savings.

Accepted Answer

A) True 
 B)False

Question 4

Maintaining high minimum efficient scale allows a firm to hedge against currency risks.

Accepted Answer

A) True 
 B)False

Question 5

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 6

RSA is a bicycle manufacturing company.Which of the following is a make-or-buy decision that the company will have to make?

Accepted Answer

A)  Should the company increase its responsiveness toward the retailers? 
B)  What are the products that the company should manufacture? 
C)  Should the company outsource production to a low-cost vendor? 
D)  What should be the pricing strategy of the company's product? 
A)  Should the company increase its responsiveness toward the retailers? 
B)  What are the products that the company should manufacture? 
C)  Should the company outsource production to a low-cost vendor? 
D)  What should be the pricing strategy of the company's product?

Question 7

How does the type of technology a firm uses affect its decision of where to locate production?

Accepted Answer

The type of technology a firm uses to pe

Question 8

Explain how the strategic role of foreign factories evolves over time.

Accepted Answer

The strategic role of foreign factories

Question 9

Logistics is the activity that controls the _____.

Accepted Answer

A)  transmission of physical materials through the value chain 
B)  customer contact points of a business 
C)  activities involved in creating a product 
D)  information exchange between a business and its customers 
A)  transmission of physical materials through the value chain 
B)  customer contact points of a business 
C)  activities involved in creating a product 
D)  information exchange between a business and its customers

Question 10

Global learning refers to the idea that valuable knowledge does not reside just in a firm's domestic operations.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is a hidden cost associated with basing production in a foreign location?

Accepted Answer

A)  Cost of labor within the location 
B)  High employee turnover 
C)  Transportation costs 
D)  Differences in the value of currency 
A)  Cost of labor within the location 
B)  High employee turnover 
C)  Transportation costs 
D)  Differences in the value of currency

Question 12

At Six Sigma,a production process would be highly accurate and create just _____.

Accepted Answer

A)  3.4 defects per hundred thousand units 
B)  6.8 defects per million units 
C)  3.4 defects per million units 
D)  6.8 defects per hundred thousand units 
A)  3.4 defects per hundred thousand units 
B)  6.8 defects per million units 
C)  3.4 defects per million units 
D)  6.8 defects per hundred thousand units

Question 13

The objectives of logistics are to manage a firm's global supply chain at the lowest possible cost and in a way that best serves customer needs.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A)  Web-based EDI systems are more expensive than proprietary solutions. 
B)  Small firms will not be able to make use of Web-based EDI systems 
C)  Web-based systems are much easier to install compared to proprietary solutions. 
D)  Most Web-based systems are implemented to support proprietary solutions. 
A)  Web-based EDI systems are more expensive than proprietary solutions. 
B)  Small firms will not be able to make use of Web-based EDI systems 
C)  Web-based systems are much easier to install compared to proprietary solutions. 
D)  Most Web-based systems are implemented to support proprietary solutions.

Question 15

The Six Sigma methodology _____.

Accepted Answer

A)  is used to compare and benchmark the performances of competing firms 
B)  gives more importance to productivity than product quality 
C)  is a direct descendant of the total quality management philosophy 
D)  recommends that only one product should be defective in thousand products 
A)  is used to compare and benchmark the performances of competing firms 
B)  gives more importance to productivity than product quality 
C)  is a direct descendant of the total quality management philosophy 
D)  recommends that only one product should be defective in thousand products

Question 16

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

Accepted Answer

The decision of where to locate producti

Question 17

Just-in-time inventory systems _____.

Accepted Answer

A)  are used when procurement is not organized 
B)  require large warehouses for storage 
C)  economize on inventory holding costs 
D)  maintain large buffer for inventory 
A)  are used when procurement is not organized 
B)  require large warehouses for storage 
C)  economize on inventory holding costs 
D)  maintain large buffer for inventory

Question 18

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.

Accepted Answer

A)  assembly-line production 
B)  product standardization 
C)  mass customization 
D)  Six Sigma production 
A)  assembly-line production 
B)  product standardization 
C)  mass customization 
D)  Six Sigma production

Question 19

Upward migration in the strategic role of foreign production sites arises when they upgrade their own capabilities.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

A(n)_____ is a grouping of various types of machinery,a common materials handler,and a centralized cell controller.

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.

Just-in-time systems reduce product quality although it brings about huge cost savings.

Maintaining high minimum efficient scale allows a firm to hedge against currency risks.

Flexible manufacturing technology is also known as _____.

RSA is a bicycle manufacturing company.Which of the following is a make-or-buy decision that the company will have to make?

How does the type of technology a firm uses affect its decision of where to locate production?

Explain how the strategic role of foreign factories evolves over time.

Logistics is the activity that controls the _____.

Global learning refers to the idea that valuable knowledge does not reside just in a firm's domestic operations.

Which of the following is a hidden cost associated with basing production in a foreign location?

At Six Sigma,a production process would be highly accurate and create just _____.

The objectives of logistics are to manage a firm's global supply chain at the lowest possible cost and in a way that best serves customer needs.

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

The Six Sigma methodology _____.

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

Just-in-time inventory systems _____.

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.

Upward migration in the strategic role of foreign production sites arises when they upgrade their own capabilities.

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

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

A(n)_____ is a grouping of various types of machinery,a common materials handler,and a centralized cell controller.

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.

Just-in-time systems reduce product quality although it brings about huge cost savings.

Maintaining high minimum efficient scale allows a firm to hedge against currency risks.

Flexible manufacturing technology is also known as _____.

RSA is a bicycle manufacturing company.Which of the following is a make-or-buy decision that the company will have to make?

How does the type of technology a firm uses affect its decision of where to locate production?

Explain how the strategic role of foreign factories evolves over time.

Logistics is the activity that controls the _____.

Global learning refers to the idea that valuable knowledge does not reside just in a firm's domestic operations.

Which of the following is a hidden cost associated with basing production in a foreign location?

At Six Sigma,a production process would be highly accurate and create just _____.

The objectives of logistics are to manage a firm's global supply chain at the lowest possible cost and in a way that best serves customer needs.

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

The Six Sigma methodology _____.

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

Just-in-time inventory systems _____.

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.

Upward migration in the strategic role of foreign production sites arises when they upgrade their own capabilities.

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

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