Question 1

Of the following,which is NOT a disadvantage of making?

Accepted Answer

A)   The firm has less control over quality.
B)   It requires the company to have expertise in the production of the component or raw materials what will be made.
C)   The people producing the component or raw material do not have the incentive to improve their product.
D)   The firm may not be able to gain the economies of scale that can be gained by a supplier that is able to pool the activity of a large number of firms.
E)   The firm would incur both fixed and variable costs. A

Question 2

__________ (also called global outsourcing)occurs when a firm is outsourcing to a supplier located in a different country.

Accepted Answer

Offshoring

Question 3

Most of the activities in operations management can be grouped into ____ business functions.

Accepted Answer

A)   two
B)   three
C)   four
D)   five
E)   six C

Question 4

Scenario - Ardella Enterprises
Twenty years ago two people from New Jersey,USA had a dream of building a superior company that would have global operations with an unparalleled supply chain.The idea took root and Ardella Enterprises was born.This company conducts operations across four continents.It has earned a reputation for prompt deliveries,accurate shipments,and exemplary customer service.This partnership is quickly taking the lead in the industry and is contemplating further expansion.Ardella Enterprises grossed over $11 billion last year.Its plan for additional expansion and growing Internet influence is projected to increase sales by two billion dollars within the first year.
-Ardella Enterprises is renowned for its operations management otherwise described as the management of the direct resources involved in the production system of the company.Which one of the following would not be considered a business function associated with the activities of operations management?

Accepted Answer

A)  Production
B)  Logistics
C)  Procurement
D)  Dual sourcing
E)  Research and development

Question 5

Scenario - Jenkins and Jones Corporation
Michael Jenkins and Emma Jones started the Jenkins and Jones Corporation in 1976 in Kansas,USA.The initial goal of this company was to serve customers throughout the United States.Since the company's inception it has grown at an outstanding rate.It now serves online customers as well as customers in ten foreign nations.Jenkins and Jones is now looked at as the industry's benchmark company due to its superior supply chain management skills.Its practices and techniques are used by many other organizations in the industry to improve their own supply chain management skills.
-As the Jenkins and Jones Corporation continues to grow,it will face the need to make more and more strategic decisions.Which one of the following best describes the corporation if it decides to make purchase globally versus domestically?

Accepted Answer

A)  Global proliferation
B)  Global procurement
C)  Domestic outsourcing
D)  Global production
E)  Enterprise resource planning

Question 6

__________ occurs when components and raw materials are produced in-house and purchased from suppliers.

Accepted Answer

The answer of __________ occurs when components and raw materials...

Question 7

Which of these is responsible for the movement of materials in the production process?

Accepted Answer

A)   Procurement
B)   Logistics
C)   Production
D)   Research and development
E)   Selling

Question 8

When considering the one-versus-many location for production facilities for components and raw materials some of the most important considerations are: fixed costs,minimum efficient scale and its comparison to demand,and the value-to-weight ratio.

Accepted Answer

A) True 
 B)False

Question 9

Software packages designed to integrate the majority of a firm's business processes,execute all transactions related to the firm's business processes being integrated,store each piece of data only once in an enterprise-wide database,allow access to data and information in real time,and operate in a client-server environment,traditional or web-based are called enterprise resource planning systems.

Accepted Answer

A) True 
 B)False

Question 10

When the firm doing the outsourcing and the supplier that will provide the outsourced goods and services are located in the same country,it is called _____.

Accepted Answer

A)   domestic outsourcing
B)   domestic manufacturing
C)   insourcing
D)   offshoring
E)   global outsourcing

Question 11

Boeing buying from thousands of suppliers in more than 100 countries,but only having production facilities in the U.S.is an example of global procurement and domestic production.

Accepted Answer

A) True 
 B)False

Question 12

Tipton Manufacturing is based in Lexington,Kentucky.The company does not make the gears it uses in its products,it purchases them from a supplier in Hong Kong.Tipton Manufacturing is practicing

Accepted Answer

A)   global outsourcing.
B)   domestic outsourcing.
C)   insourcing.
D)   right-sizing.
E)   downsizing.

Question 13

A Japanese user of Sony's ERP system can view the company's financial information in Japanese yen,while a British user of the system is able to see the same information in British pounds.This ERP system is _____.

Accepted Answer

A)   multi-language
B)   multi-national
C)   multi-currency
D)   multi-enterprise
E)   multi-culture

Question 14

_____ refers to the property of ERP systems to simultaneously operate in multiple languages.

Accepted Answer

A)   Multi-language
B)   Multi-national
C)   Multi-currency
D)   Multi-enterprise
E)   Multi-culture

Question 15

Which of these is responsible for the transformations required by the production process?

Accepted Answer

A)   Procurement
B)   Logistics
C)   Production
D)   Research and development
E)   Selling

Question 16

When the firm has been buying goods and services from suppliers,and then decides to make these goods and services in-house,it is called _____.

Accepted Answer

A)   dual outsourcing
B)   domestic outsourcing
C)   global outsourcing
D)   offshoring
E)   insourcing

Question 17

One advantage of global procurement is that the firm can maximize its flexibility by allocating its orders among suppliers in a dynamic way and the firm has access to more suppliers that can generally provide lower costs than domestic suppliers.

Accepted Answer

A) True 
 B)False

Question 18

The production process may consist of one or more transformations which could be all of the following EXCEPT:

Accepted Answer

A)   physical
B)   locational
C)   psychological
D)   esteem
E)   physiological

Question 19

The property of ERP systems to handle the accounting standards of multiple countries is called the multi-currency property.

Accepted Answer

A) True 
 B)False

Question 20

Determining which components and raw materials should be produced in-house and which components and raw materials should be acquired from suppliers is known as the _____ decision.

Accepted Answer

A)   sale-or-keep
B)   manufacture-or-sale
C)   sink-or-swim
D)   make-or-buy
E)   build-or-break

Exam 13: Global Operations and Supply-Chain Management

Of the following,which is NOT a disadvantage of making?

__________ (also called global outsourcing)occurs when a firm is outsourcing to a supplier located in a different country.

Most of the activities in operations management can be grouped into ____ business functions.

__________ occurs when components and raw materials are produced in-house and purchased from suppliers.

Which of these is responsible for the movement of materials in the production process?

When considering the one-versus-many location for production facilities for components and raw materials some of the most important considerations are: fixed costs,minimum efficient scale and its comparison to demand,and the value-to-weight ratio.

When the firm doing the outsourcing and the supplier that will provide the outsourced goods and services are located in the same country,it is called _____.

Boeing buying from thousands of suppliers in more than 100 countries,but only having production facilities in the U.S.is an example of global procurement and domestic production.

Tipton Manufacturing is based in Lexington,Kentucky.The company does not make the gears it uses in its products,it purchases them from a supplier in Hong Kong.Tipton Manufacturing is practicing

A Japanese user of Sony's ERP system can view the company's financial information in Japanese yen,while a British user of the system is able to see the same information in British pounds.This ERP system is _____.

_____ refers to the property of ERP systems to simultaneously operate in multiple languages.

Which of these is responsible for the transformations required by the production process?

When the firm has been buying goods and services from suppliers,and then decides to make these goods and services in-house,it is called _____.

One advantage of global procurement is that the firm can maximize its flexibility by allocating its orders among suppliers in a dynamic way and the firm has access to more suppliers that can generally provide lower costs than domestic suppliers.

The production process may consist of one or more transformations which could be all of the following EXCEPT:

The property of ERP systems to handle the accounting standards of multiple countries is called the multi-currency property.

Determining which components and raw materials should be produced in-house and which components and raw materials should be acquired from suppliers is known as the _____ decision.