Question 1

Vertical integration occurs when the company owns the entire supplier network or at least a significant part of it.

Accepted Answer

A) True 
 B)False

Question 2

________ is an online collaboration model that brings manufacturers,distributors,value-added retailers,and customers together to execute trading transactions.

Accepted Answer

A)  Electronic data interchange (EDI) 
B)  ERP (enterprise resource planning) 
C)  Private technology exchange (PTX) 
D)  E-commerce 
A)  Electronic data interchange (EDI) 
B)  ERP (enterprise resource planning) 
C)  Private technology exchange (PTX) 
D)  E-commerce

Question 3

A ________ takes into account the complete costs of ownership,such as storing and transporting inventory,and of disposal.

Accepted Answer

A)  total cost analysis 
B)  cost-benefit analysis 
C)  make-or-buy decision 
D)  flexibility strategy 
A)  total cost analysis 
B)  cost-benefit analysis 
C)  make-or-buy decision 
D)  flexibility strategy

Question 4

MedCo uses an IT system that labels a product with an electronic tag to provide realtime information.Which of the following does MedCo most likely use?

Accepted Answer

A)  EDI (electronic data interchange) 
B)  RFID (radio frequency I
D)  
C)  PTX (private technology exchange) 
D)  ERP (enterprise resource planning) 
A)  EDI (electronic data interchange) 
B)  RFID (radio frequency I
D)  
C)  PTX (private technology exchange) 
D)  ERP (enterprise resource planning)

Question 5

In order to assure the quality of its products,Samsonite ________.

Accepted Answer

A)  performs only internal quality tests 
B)  relies only on independent quality-assurance tests 
C)  conforms its products to industry-set standards 
D)  uses both internal quality tests and independent quality-assurance tests 
A)  performs only internal quality tests 
B)  relies only on independent quality-assurance tests 
C)  conforms its products to industry-set standards 
D)  uses both internal quality tests and independent quality-assurance tests

Question 6

ACE Computers established an assembly operation in Malaysia so that it would be close to its key suppliers.ACE is most likely engaging in ________.

Accepted Answer

A)  industrial clustering 
B)  horizontal sourcing 
C)  zero sourcing 
D)  offshoring 
A)  industrial clustering 
B)  horizontal sourcing 
C)  zero sourcing 
D)  offshoring

Question 7

A company may use outsourcing as an implied threat to underperforming employees.

Accepted Answer

A) True 
 B)False

Question 8

What are the three levels of quality standards?

Accepted Answer

A)  general, industry-specific, and company 
B)  general, international, and domestic 
C)  employee, company, and customer 
D)  company, international, and industry-specific 
A)  general, industry-specific, and company 
B)  general, international, and domestic 
C)  employee, company, and customer 
D)  company, international, and industry-specific

Question 9

An element of total quality management (TQM)that focuses on continuous improvement by identifying problems and enlisting employees to help eliminate them is known as ________.

Accepted Answer

A) kaizen 
B)  kaizen. 
C)  Six Sigma 
D)  kanban 
E)  acceptable quality level (AQ 
A) kaizen 
B)  kaizen. 
C)  Six Sigma 
D)  kanban 
E)  acceptable quality level (AQ

Question 10

The make-or-buy decision applies only to domestic firms.

Accepted Answer

A) True 
 B)False

Question 11

The use of JIT does not depend on the quality of incoming parts or the time of their arrival.

Accepted Answer

A) True 
 B)False

Question 12

What are the advantages and disadvantages of global and domestic sourcing? What role does quality play in deciding between global and domestic sourcing?

Accepted Answer

Sourcing in the home country enables com

Question 13

All of the following tend to be more expensive when sourcing abroad,EXCEPT ________.

Accepted Answer

A)  transportation costs 
B)  inventory holding costs 
C)  brokers and agents fees 
D)  labor rates 
A)  transportation costs 
B)  inventory holding costs 
C)  brokers and agents fees 
D)  labor rates

Question 14

What factors complicate the international transportation of goods? How can a firm make the process more efficient?

Accepted Answer

For a firm,the transportation of goods i

Question 15

The success of a global manufacturing strategy depends on compatibility,configuration,coordination,and control.

Accepted Answer

A) True 
 B)False

Question 16

A company would most likely outsource abroad in order to gain access to more domestic products.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is one of the main purposes of FTZs?

Accepted Answer

A)  discouraging companies to locate in the host country 
B)  forcing countries to pay extra duties 
C)  discouraging companies from using JIT 
D)  allowing countries to defer duties 
A)  discouraging companies to locate in the host country 
B)  forcing countries to pay extra duties 
C)  discouraging companies from using JIT 
D)  allowing countries to defer duties

Question 18

Describe total quality management.

Accepted Answer

The Japanese approach to quality is tota

Question 19

Rationalization is the process of specializing in manufacturing according to product or process.

Accepted Answer

A) True 
 B)False

Question 20

________ is the measuring of performance so that companies can respond appropriately to changing conditions.

Accepted Answer

A)  Coordination 
B)  Configuration 
C)  Control 
D)  Compatibility 
A)  Coordination 
B)  Configuration 
C)  Control 
D)  Compatibility

Vertical integration occurs when the company owns the entire supplier network or at least a significant part of it.

________ is an online collaboration model that brings manufacturers,distributors,value-added retailers,and customers together to execute trading transactions.

A ________ takes into account the complete costs of ownership,such as storing and transporting inventory,and of disposal.

MedCo uses an IT system that labels a product with an electronic tag to provide realtime information.Which of the following does MedCo most likely use?

In order to assure the quality of its products,Samsonite ________.

ACE Computers established an assembly operation in Malaysia so that it would be close to its key suppliers.ACE is most likely engaging in ________.

A company may use outsourcing as an implied threat to underperforming employees.

What are the three levels of quality standards?

An element of total quality management (TQM)that focuses on continuous improvement by identifying problems and enlisting employees to help eliminate them is known as ________.

The make-or-buy decision applies only to domestic firms.

The use of JIT does not depend on the quality of incoming parts or the time of their arrival.

What are the advantages and disadvantages of global and domestic sourcing? What role does quality play in deciding between global and domestic sourcing?

All of the following tend to be more expensive when sourcing abroad,EXCEPT ________.

What factors complicate the international transportation of goods? How can a firm make the process more efficient?

The success of a global manufacturing strategy depends on compatibility,configuration,coordination,and control.

A company would most likely outsource abroad in order to gain access to more domestic products.

Which of the following is one of the main purposes of FTZs?

Describe total quality management.

Rationalization is the process of specializing in manufacturing according to product or process.

________ is the measuring of performance so that companies can respond appropriately to changing conditions.

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

Vertical integration occurs when the company owns the entire supplier network or at least a significant part of it.

________ is an online collaboration model that brings manufacturers,distributors,value-added retailers,and customers together to execute trading transactions.

A ________ takes into account the complete costs of ownership,such as storing and transporting inventory,and of disposal.

MedCo uses an IT system that labels a product with an electronic tag to provide realtime information.Which of the following does MedCo most likely use?

In order to assure the quality of its products,Samsonite ________.

ACE Computers established an assembly operation in Malaysia so that it would be close to its key suppliers.ACE is most likely engaging in ________.

A company may use outsourcing as an implied threat to underperforming employees.

What are the three levels of quality standards?

An element of total quality management (TQM)that focuses on continuous improvement by identifying problems and enlisting employees to help eliminate them is known as ________.

The make-or-buy decision applies only to domestic firms.

The use of JIT does not depend on the quality of incoming parts or the time of their arrival.

What are the advantages and disadvantages of global and domestic sourcing? What role does quality play in deciding between global and domestic sourcing?

All of the following tend to be more expensive when sourcing abroad,EXCEPT ________.

What factors complicate the international transportation of goods? How can a firm make the process more efficient?

The success of a global manufacturing strategy depends on compatibility,configuration,coordination,and control.

A company would most likely outsource abroad in order to gain access to more domestic products.

Which of the following is one of the main purposes of FTZs?

Describe total quality management.

Rationalization is the process of specializing in manufacturing according to product or process.

________ is the measuring of performance so that companies can respond appropriately to changing conditions.

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