Question 1

Which of the following has the highest value-to-weight ratio?

Accepted Answer

A)  pickup trucks 
B)  HD televisions 
C)  personal computers 
D)  microchips 
E)  petroleum

Question 2

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 acknowledges the importance of its supply chain.It knows that the company's operations would not be as successful if the supply chain was less effective.Which one of the following is not related to a company's supply chain and its functions?

Accepted Answer

A) The activities of the supply chain are associated with the transformation of goods from raw material to end user. 
B) Effective supply chain management will minimize total costs. 
C) Supply chain management involves maximizing the value of the product to the final user. 
D) Management of the supply chain requires adherence to stiff environmental standards. 
E) A company's supply chain encompasses all activities associated with the flows of monies and information.

Question 3

A supply chain encompasses all the activities associated with the flow and transformation of goods and services from raw material to the end user.

Accepted Answer

A) True 
 B)False

Question 4

In the production system model,all of the following would be considered inputs EXCEPT _____.

Accepted Answer

A)  labor 
B)  machines and equipment 
C)  the finished product 
D)  raw materials 
E)  factors of production

Question 5

The production system of a hair and nail salon would be called a manufacturing system.

Accepted Answer

A) True 
 B)False

Question 6

Determining if products made in-house will be produced in one or more facilities,and if these facilities should be located in one or more countries is called __________.

Accepted Answer

The answer of Determining if products made in-house will be...

Question 7

Ford's ERP system follows the American accounting standards in its U.S.subsidiaries,and follows the Mexican accounting standards in its Mexico subsidiaries.This ERP system is _____.

Accepted Answer

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

Question 8

Most of the activities in operations management can be grouped into the following business functions EXCEPT:

Accepted Answer

A)  procurement 
B)  logistics 
C)  production 
D)  research and development 
E)  selling

Question 9

Of the following,which is NOT an advantage of making?

Accepted Answer

A)  Knowledge of the product may provide efficiency advantages over potential suppliers. 
B)  The firm has more control over quality. 
C)  People producing the component or raw material have the incentive to improve their product. 
D)  The firm has more control over deliveries. 
E)  It secures the supply source.

Question 10

Of the following,which is NOT a consideration for the one-versus-many production facilities decision?

Accepted Answer

A)  Fixed costs 
B)  The notion of the minimum efficient scale and its comparison to demand 
C)  The local culture 
D)  The value-to-weight ratio 
E)  The infrastructure that the company offers

Question 11

In operations management,the acquisition of goods and services is referred to as logistics.

Accepted Answer

A) True 
 B)False

Question 12

Goods and services that integrate a product are called _____.

Accepted Answer

A)  production process 
B)  production facilities 
C)  raw materials 
D)  components 
E)  factors of production

Question 13

Steps in the production process are called _____.

Accepted Answer

A)  production stages 
B)  production facilities 
C)  raw materials 
D)  components 
E)  factors of production

Question 14

When the demand is equal or lower than the minimum efficient scale,multiple production facility locations are preferred.

Accepted Answer

A) True 
 B)False

Question 15

A company that only completes product design and outsources all other production process functions is called a(n)__________.

Accepted Answer

The answer of A company that only completes product design...

Question 16

A production system is a system that businesses use to create the goods and services or to produce the products.

Accepted Answer

A) True 
 B)False

Question 17

__________ refers to all activities associated with the flow and transformation of goods and services from the raw material stage to the end user,together with the corresponding flows of monetary funds and information.

Accepted Answer

The answer of __________ refers to all activities associated with...

Question 18

The three major considerations for deciding the location of production facilities for products are: does the product serve the needs of all customers around the world,proximity to market and proximity to suppliers,and the effect on product's image being produced in that location.

Accepted Answer

A) True 
 B)False

Question 19

Of the following,which is NOT an advantage of global procurement?

Accepted Answer

A)  The firm does not need to invest the money that is associated with making. 
B)  The firm can focus upon the production stages and components with the most value added. 
C)  The firm can maximize its flexibility by allocating its orders among the suppliers in a dynamic way. 
D)  If global suppliers are selling to many companies in the same industry but in different countries,these suppliers can achieve economies of scale and lower costs. 
E)  The firm does not rely upon suppliers on important dimensions such as quality,delivery,and cost.

Question 20

A production system in which services dominate the value of the product is known as a(n)_____ system.

Accepted Answer

A)  production 
B)  manufacturing 
C)  service 
D)  component 
E)  raw

Exam 13: Global Operations and Supply-Chain Management

Which of the following has the highest value-to-weight ratio?

A supply chain encompasses all the activities associated with the flow and transformation of goods and services from raw material to the end user.

In the production system model,all of the following would be considered inputs EXCEPT _____.

The production system of a hair and nail salon would be called a manufacturing system.

Determining if products made in-house will be produced in one or more facilities,and if these facilities should be located in one or more countries is called __________.

Ford's ERP system follows the American accounting standards in its U.S.subsidiaries,and follows the Mexican accounting standards in its Mexico subsidiaries.This ERP system is _____.

Most of the activities in operations management can be grouped into the following business functions EXCEPT:

Of the following,which is NOT an advantage of making?

Of the following,which is NOT a consideration for the one-versus-many production facilities decision?

In operations management,the acquisition of goods and services is referred to as logistics.

Goods and services that integrate a product are called _____.

Steps in the production process are called _____.

When the demand is equal or lower than the minimum efficient scale,multiple production facility locations are preferred.

A company that only completes product design and outsources all other production process functions is called a(n)__________.

A production system is a system that businesses use to create the goods and services or to produce the products.

__________ refers to all activities associated with the flow and transformation of goods and services from the raw material stage to the end user,together with the corresponding flows of monetary funds and information.

The three major considerations for deciding the location of production facilities for products are: does the product serve the needs of all customers around the world,proximity to market and proximity to suppliers,and the effect on product's image being produced in that location.

Of the following,which is NOT an advantage of global procurement?

A production system in which services dominate the value of the product is known as a(n) _____ system.