Question 1

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. A

Question 2

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 C

Question 3

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  True

Question 4

What is mass customization?

Accepted Answer

The term mass customization has been coi

Question 5

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 6

Explain make-or-buy decisions with an example.

Accepted Answer

International businesses frequently face

Question 7

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 8

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

Accepted Answer

Web-based information systems play a cru

Question 9

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 10

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

Accepted Answer

The decision of where to locate producti

Question 11

Mass customization facilitates product customization at low costs.

Accepted Answer

A) True 
 B)False

Question 12

_____ allows the company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output.

Accepted Answer

A)  Standardization 
B)  Kaizen 
C)  Six Sigma 
D)  Lean production 
A)  Standardization 
B)  Kaizen 
C)  Six Sigma 
D)  Lean production

Question 13

Use of technologies such as just-in-time inventory systems and computer-aided design has reduced pressures for firms to establish long-term relationships with their suppliers.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following makes being dependent on one location particularly risky?

Accepted Answer

A)  Governmental intervention in exchange rates 
B)  Floating exchange rates 
C)  Fixed exchange rates 
D)  Preferential treatment of domestic industries 
A)  Governmental intervention in exchange rates 
B)  Floating exchange rates 
C)  Fixed exchange rates 
D)  Preferential treatment of domestic industries

Question 15

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

Accepted Answer

In some cases the fixed costs of setting

Question 16

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 17

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 18

Firms would prefer buying component parts,or an entire product,from independent suppliers to protect proprietary product technologies.

Accepted Answer

A) True 
 B)False

Question 19

A flexible machine cell is used to perform a standardized operation.

Accepted Answer

A) True 
 B)False

Question 20

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

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

Just-in-time inventory systems _____.

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.

What is mass customization?

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

Explain make-or-buy decisions with an example.

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.

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

Flexible manufacturing technology is also known as _____.

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

Mass customization facilitates product customization at low costs.

_____ allows the company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output.

Use of technologies such as just-in-time inventory systems and computer-aided design has reduced pressures for firms to establish long-term relationships with their suppliers.

Which of the following makes being dependent on one location particularly risky?

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

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

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.

Firms would prefer buying component parts,or an entire product,from independent suppliers to protect proprietary product technologies.

A flexible machine cell is used to perform a standardized operation.

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

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

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

Just-in-time inventory systems _____.

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.

What is mass customization?

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

Explain make-or-buy decisions with an example.

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.

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

Flexible manufacturing technology is also known as _____.

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

Mass customization facilitates product customization at low costs.

_____ allows the company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output.

Use of technologies such as just-in-time inventory systems and computer-aided design has reduced pressures for firms to establish long-term relationships with their suppliers.

Which of the following makes being dependent on one location particularly risky?

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

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

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.

Firms would prefer buying component parts,or an entire product,from independent suppliers to protect proprietary product technologies.

A flexible machine cell is used to perform a standardized operation.

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

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