Question 1

Which of the following is a current trend with regards to transportation networks?

Accepted Answer

A)  increased simplicity of transporting goods internationally 
B)  decreased use of third-party intermediaries to store and transport goods 
C)  increased use of third-party intermediaries to store and transport goods 
D)  decreased risks of managing longer global supply chains 
A)  increased simplicity of transporting goods internationally 
B)  decreased use of third-party intermediaries to store and transport goods 
C)  increased use of third-party intermediaries to store and transport goods 
D)  decreased risks of managing longer global supply chains C

Question 2

Rapid Technologies owns its entire supplier network,which means that the firm most likely uses ________.

Accepted Answer

A)  industrial clustering 
B)  competitive sharing 
C)  vertical integration 
D)  global outsourcing 
A)  industrial clustering 
B)  competitive sharing 
C)  vertical integration 
D)  global outsourcing C

Question 3

Giga-Mart has an IT system that links the firm's suppliers,manufacturers,customers,and intermediaries.Giga-Mart most likely has a(n)________,

Accepted Answer

A)  TQM (total quality management) 
B)  JIT (just-in-time) 
C)  EDI (electronic data interchange) 
D)  ERP (enterprise resource planning) 
A)  TQM (total quality management) 
B)  JIT (just-in-time) 
C)  EDI (electronic data interchange) 
D)  ERP (enterprise resource planning) C

Question 4

________ manufacturing is any manufacturing that takes place in a country different from the home country.

Accepted Answer

A)  Offshore 
B)  Multidomestic 
C)  Cost-minimization 
D)  Outsourcing 
A)  Offshore 
B)  Multidomestic 
C)  Cost-minimization 
D)  Outsourcing

Question 5

Six Sigma is a highly focused system of quality control that scrutinizes a company's entire production system.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following best describes a major difference between supply chain management and logistics?

Accepted Answer

A)  Supply chain management involves handling suppliers and customers. 
B)  Logistics involves longer distances and international distribution networks. 
C)  Supply chain management focuses on transportation and the storage of goods. 
D)  Logistics only encompasses the outbound flow of products and materials. 
A)  Supply chain management involves handling suppliers and customers. 
B)  Logistics involves longer distances and international distribution networks. 
C)  Supply chain management focuses on transportation and the storage of goods. 
D)  Logistics only encompasses the outbound flow of products and materials.

Question 7

When firms estimate the costs of outsourcing to low-wage countries,they often overlook elements such as shipping distances.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is a set of universal standards for a globally accepted quality assurance system?

Accepted Answer

A)  just-in-time (JIT) inventory management 
B)  Six Sigma 
C)  total quality management (TQM) 
D)  ISO 9000 
A)  just-in-time (JIT) inventory management 
B)  Six Sigma 
C)  total quality management (TQM) 
D)  ISO 9000

Question 9

What are foreign trade zones? How are they used?

Accepted Answer

FTZs are areas in which domestic and imp

Question 10

Which of the following elements is often overlooked when firms estimate the costs of outsourcing to low-wage countries?

Accepted Answer

A)  language barriers 
B)  overabundance of skilled and educated workers 
C)  lack of inventory 
D)  shipping distances 
A)  language barriers 
B)  overabundance of skilled and educated workers 
C)  lack of inventory 
D)  shipping distances

Question 11

In deciding whether to make or buy,MNEs should focus on those parts that are ________ to the product and that they are ________ at making.

Accepted Answer

A)  critical; distinctively good 
B)  incremental; distinctively good 
C)  critical; marginally good 
D)  incremental; marginally good 
A)  critical; distinctively good 
B)  incremental; distinctively good 
C)  critical; marginally good 
D)  incremental; marginally good

Question 12

In order to save costs and consolidate its manufacturing capacity,Samsonite has ________.

Accepted Answer

A)  decreased investment in R&D 
B)  moved from a centralized configuration to a decentralized configuration 
C)  increased the amount of final goods and components it outsources 
D)  diversified its reseller base 
A)  decreased investment in R&D 
B)  moved from a centralized configuration to a decentralized configuration 
C)  increased the amount of final goods and components it outsources 
D)  diversified its reseller base

Question 13

A multidomestic configuration is most important when ________.

Accepted Answer

A)  demand in individual countries decreases significantly 
B)  exporting is the company's main strategy 
C)  demand in individual countries becomes significant 
D)  low-priced, standardized products are available 
A)  demand in individual countries decreases significantly 
B)  exporting is the company's main strategy 
C)  demand in individual countries becomes significant 
D)  low-priced, standardized products are available

Question 14

Centralized manufacturing is most widely used when customers have widely varying localized needs.

Accepted Answer

A) True 
 B)False

Question 15

JIT is the process of sourcing raw materials and parts just as they are needed in the manufacturing process.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following would most likely be reduced by vertical integration?

Accepted Answer

A)  export tariffs 
B)  component prices 
C)  product returns 
D)  transaction costs 
A)  export tariffs 
B)  component prices 
C)  product returns 
D)  transaction costs

Question 17

Which of the following should an MNE most likely consider in a make-or-buy decision?

Accepted Answer

A)  organizational hierarchy 
B)  supplier capabilities 
C)  employee morale 
D)  niche markets 
A)  organizational hierarchy 
B)  supplier capabilities 
C)  employee morale 
D)  niche markets

Question 18

What is a just-in-time inventory system? What are the implications of JIT for firms that use global sourcing?

Accepted Answer

JIT systems focus on reducing inefficien

Question 19

________ is a particularly important consideration in the establishment of a transportation network.

Accepted Answer

A)  Warehouse configuration 
B)  ISO 9000 
C)  Rationalization 
D)  The kanban system 
A)  Warehouse configuration 
B)  ISO 9000 
C)  Rationalization 
D)  The kanban system

Question 20

Keiretsu is one of the two major configurations of sourcing.

Accepted Answer

A) True 
 B)False

Which of the following is a current trend with regards to transportation networks?

Rapid Technologies owns its entire supplier network,which means that the firm most likely uses ________.

Giga-Mart has an IT system that links the firm's suppliers,manufacturers,customers,and intermediaries.Giga-Mart most likely has a(n)________,

________ manufacturing is any manufacturing that takes place in a country different from the home country.

Six Sigma is a highly focused system of quality control that scrutinizes a company's entire production system.

Which of the following best describes a major difference between supply chain management and logistics?

When firms estimate the costs of outsourcing to low-wage countries,they often overlook elements such as shipping distances.

Which of the following is a set of universal standards for a globally accepted quality assurance system?

What are foreign trade zones? How are they used?

Which of the following elements is often overlooked when firms estimate the costs of outsourcing to low-wage countries?

In deciding whether to make or buy,MNEs should focus on those parts that are to the product and that they are at making.

In order to save costs and consolidate its manufacturing capacity,Samsonite has ________.

A multidomestic configuration is most important when ________.

Centralized manufacturing is most widely used when customers have widely varying localized needs.

JIT is the process of sourcing raw materials and parts just as they are needed in the manufacturing process.

Which of the following would most likely be reduced by vertical integration?

Which of the following should an MNE most likely consider in a make-or-buy decision?

What is a just-in-time inventory system? What are the implications of JIT for firms that use global sourcing?

________ is a particularly important consideration in the establishment of a transportation network.

Keiretsu is one of the two major configurations of sourcing.

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

Globalization and Society

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

International Accounting and Finance Issues

International Human Resource Management

Filters

Exam 18: Global Manufacturing and Supply-Chain Management

Which of the following is a current trend with regards to transportation networks?

Rapid Technologies owns its entire supplier network,which means that the firm most likely uses ________.

Giga-Mart has an IT system that links the firm's suppliers,manufacturers,customers,and intermediaries.Giga-Mart most likely has a(n)________,

________ manufacturing is any manufacturing that takes place in a country different from the home country.

Six Sigma is a highly focused system of quality control that scrutinizes a company's entire production system.

Which of the following best describes a major difference between supply chain management and logistics?

When firms estimate the costs of outsourcing to low-wage countries,they often overlook elements such as shipping distances.

Which of the following is a set of universal standards for a globally accepted quality assurance system?

What are foreign trade zones? How are they used?

Which of the following elements is often overlooked when firms estimate the costs of outsourcing to low-wage countries?

In deciding whether to make or buy,MNEs should focus on those parts that are ________ to the product and that they are ________ at making.

In order to save costs and consolidate its manufacturing capacity,Samsonite has ________.

A multidomestic configuration is most important when ________.

Centralized manufacturing is most widely used when customers have widely varying localized needs.

JIT is the process of sourcing raw materials and parts just as they are needed in the manufacturing process.

Which of the following would most likely be reduced by vertical integration?

Which of the following should an MNE most likely consider in a make-or-buy decision?

What is a just-in-time inventory system? What are the implications of JIT for firms that use global sourcing?

________ is a particularly important consideration in the establishment of a transportation network.

Keiretsu is one of the two major configurations of sourcing.

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

Globalization and Society

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

International Accounting and Finance Issues

International Human Resource Management

Filters

In deciding whether to make or buy,MNEs should focus on those parts that are to the product and that they are at making.