Question 1

The production and supply chain management of an international firm are independent of each other.

Accepted Answer

A) True 
 B)False

Question 2

Other things being equal,when fixed costs are substantial and minimum efficient scale of production is high,the arguments for concentrating production at a few choice locations are strong.

Accepted Answer

A) True 
 B)False

Question 3

Industrial products have few national differences in consumer taste and preference,hence the need for local responsiveness is reduced for such products.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is the initial reason for the establishment of a foreign production facility?

Accepted Answer

A)  Employee turnover is high.
B)  Products are not labor-intensive.
C)  Inventory turnover is low.
D)  Exchange rate fluctuations are high.
E)  Labor costs are low.F) B) and D)
G) A) and C)

Question 5

What are the ways in which improved quality control reduces costs?

Accepted Answer

The objectives of reducing costs and inc...

Question 6

In international business,production and supply chain functions accommodating demands for local responsiveness work independent of host-government demands.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is a result of using just-in-time inventory systems?

Accepted Answer

A)  It slows down inventory turnover.
B)  It increases inventory holding costs.
C)  It increases the amount of working capital a firm needs.
D)  It can help firms improve product quality.
E)  It does not allow defective inputs to be spotted immediately.F) A) and E)
G) B) and E)

Question 8

Which of the following terms refers to the production of a variety of end products at a unit cost that could once be achieved only through bulk production of a standardized output?

Accepted Answer

A)  lean production
B)  just-in-time inventory
C)  mass customization
D)  specialized asset
E)  dynamic capabilityF) A) and C)
G) A) and D)

Question 9

Adopting flexible manufacturing technology to produce a wide variety of end products results in

Accepted Answer

A)  increased setup times for complex equipment.
B)  increased utilization of individual machines.
C)  reduced quality control.
D)  increased unit cost of products.
E)  lesser need for scheduling.F) D) and E)
G) B) and E)

Question 10

An important objective shared by both production and logistics functions of an international firm is to

Accepted Answer

A)  increase profits by lowering quality.
B)  increase foreign competition.
C)  lower costs by dispersing production activities.
D)  decrease inventory turnover.
E)  stock excess inventory on hand.F) B) and E)
G) A) and B)

Question 11

Which of the following is true of a product that serves universal needs?

Accepted Answer

A)  It becomes necessary to customize the product to suit small consumer groups.
B)  It becomes necessary to accommodate demands for local responsiveness.
C)  It increases the attractiveness of concentrating production at an optimal location.
D)  It is difficult to serve national differences in consumer taste and preference.
E)  It is always attractive to globally disperse production to all major markets.F) A) and B)
G) C) and D)

Question 12

In an effort to enter the European market,Rinker Audio Products wants to get ISO 9000 certification.However,a segment of the company's top management team is not supportive of this and to make their case,they cite various drawbacks of ISO 9000 certification.Which of the following is a drawback of ISO 9000 certification?

Accepted Answer

A)  It is bureaucratic and costly for many firms.
B)  It is an impossible standard to achieve.
C)  It is losing its prominence in international business.
D)  It is ineffective in improving processes.
E)  It is ineffective in bringing about quality improvement.F) B) and D)
G) A) and B)

Question 13

Which of the following is an objective of logistics?

Accepted Answer

A)  increase the cost of value creation
B)  manage a firm's global supply chain at a low cost
C)  reduce inventory turnover
D)  reduce a firm's customer responsiveness
E)  increase inventory holding costsF) B) and E)
G) C) and D)

Question 14

Which of the following firms should concentrate its production in a centralized location?

Accepted Answer

A)  Jupiter Inc.operates in an industry where the fixed costs are high and services of supporting industries are of prime importance.
B)  Star Goal Inc.manufactures consumer products like processed food,apparel,and cosmetics for which national differences in consumer taste and preference are wide.
C)  Uranious Inc.operates in an economy where volatile fluctuations in exchange rates are frequently expected.
D)  Earth Ventures Inc.is a mining company that exports iron ore-a product with low value-to-weight ratio-to various countries.
E)  Silver Times Inc.customizes heavy machines without the use of flexible manufacturing technologies.F) B) and E)
G) A) and B)

Question 15

How do country-specific factors affect a country's attractiveness as a manufacturing base?

Accepted Answer

Political and economic systems,culture,a...

Question 16

A second strategic objective shared by production and supply chain management is to increase product quality.In this context,quality means

Accepted Answer

A)  affordability.
B)  flexibility.
C)  reliability.
D)  adaptability.
E)  patentability.F) All of the above
G) A) and E)

Question 17

Rinker Audio Products is uncertain whether or not to introduce a just-in-time (JIT) inventory system.While the head of manufacturing is opposed to it,its CFO is pushing for its adoption.The basic philosophy behind just-in-time (JIT) inventory systems is to

Accepted Answer

A)  economize on inventory holding costs.
B)  reduce inventory turnover.
C)  create a buffer stock of inventory.
D)  reduce costs by reducing quality.
E)  increase the total working capital requirement.F) B) and E)
G) None of the above

Question 18

Which of the following is an implication of a mass production system?

Accepted Answer

A)  It results in short production runs.
B)  It fails to realize economies of scale.
C)  It reduces the number of defects and eliminates waste.
D)  It helps to accommodate consumer preferences for product diversity.
E)  It creates massive inventories that have to be stored in large warehouses.F) A) and B)
G) C) and D)

Question 19

Describe flexible manufacturing and mass customization as important factors in location decisions.

Accepted Answer

Central to the concept of economies of s...

Question 20

What do firms now typically use via the Internet to coordinate the flow of materials into manufacturing,through manufacturing,and out to customers?

Accepted Answer

A)  flexible manufacturing technology
B)  lean production
C)  computer-aided manufacturing
D)  electronic data interchange
E)  just-in-time inventory systemsF) A) and B)
G) All of the above

Exam 15: Global Production and Supply Chain Management

Which of the following is an objective of logistics?

Correct Answer
verified

Industrial products have few national differences in consumer taste and preference,hence the need for local responsiveness is reduced for such products.

Correct Answer
verified

Other things being equal,when fixed costs are substantial and minimum efficient scale of production is high,the arguments for concentrating production at a few choice locations are strong.

Correct Answer
verified

Which of the following is the initial reason for the establishment of a foreign production facility?

Correct Answer
verified

Which of the following is an implication of a mass production system?

Correct Answer
verified

In international business,production and supply chain functions accommodating demands for local responsiveness work independent of host-government demands.

Correct Answer
verified

How do country-specific factors affect a country's attractiveness as a manufacturing base?

Correct Answer
verified
Political and economic systems,culture,a...
View Answer

The production and supply chain management of an international firm are independent of each other.

Correct Answer
verified

Correct Answer
verified

Describe flexible manufacturing and mass customization as important factors in location decisions.

Correct Answer
verified
Central to the concept of economies of s...
View Answer

An important objective shared by both production and logistics functions of an international firm is to

Correct Answer
verified

Rinker Audio Products is uncertain whether or not to introduce a just-in-time (JIT) inventory system.While the head of manufacturing is opposed to it,its CFO is pushing for its adoption.The basic philosophy behind just-in-time (JIT) inventory systems is to

Correct Answer
verified

What are the ways in which improved quality control reduces costs?

Correct Answer
verified
The objectives of reducing costs and inc...
View Answer

Which of the following firms should concentrate its production in a centralized location?

Correct Answer
verified

Which of the following is a result of using just-in-time inventory systems?

Correct Answer
verified

A second strategic objective shared by production and supply chain management is to increase product quality.In this context,quality means

Correct Answer
verified

What do firms now typically use via the Internet to coordinate the flow of materials into manufacturing,through manufacturing,and out to customers?

Correct Answer
verified

Which of the following is true of a product that serves universal needs?

Correct Answer
verified

Which of the following terms refers to the production of a variety of end products at a unit cost that could once be achieved only through bulk production of a standardized output?

Correct Answer
verified

Adopting flexible manufacturing technology to produce a wide variety of end products results in

Correct Answer
verified

Exam 15: Global Production and Supply Chain Management

Which of the following is an objective of logistics?

Correct AnswerverifiedShow Answer

Industrial products have few national differences in consumer taste and preference,hence the need for local responsiveness is reduced for such products.

Correct AnswerverifiedShow Answer

Other things being equal,when fixed costs are substantial and minimum efficient scale of production is high,the arguments for concentrating production at a few choice locations are strong.

Correct AnswerverifiedShow Answer

Which of the following is the initial reason for the establishment of a foreign production facility?

Correct AnswerverifiedShow Answer

Which of the following is an implication of a mass production system?

Correct AnswerverifiedShow Answer

In international business,production and supply chain functions accommodating demands for local responsiveness work independent of host-government demands.

Correct AnswerverifiedShow Answer

How do country-specific factors affect a country's attractiveness as a manufacturing base?

Correct AnswerverifiedPolitical and economic systems,culture,a...View AnswerShow Answer

The production and supply chain management of an international firm are independent of each other.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Describe flexible manufacturing and mass customization as important factors in location decisions.

Correct AnswerverifiedCentral to the concept of economies of s...View AnswerShow Answer

An important objective shared by both production and logistics functions of an international firm is to

Correct AnswerverifiedShow Answer

Rinker Audio Products is uncertain whether or not to introduce a just-in-time (JIT) inventory system.While the head of manufacturing is opposed to it,its CFO is pushing for its adoption.The basic philosophy behind just-in-time (JIT) inventory systems is to

Correct AnswerverifiedShow Answer

What are the ways in which improved quality control reduces costs?

Correct AnswerverifiedThe objectives of reducing costs and inc...View AnswerShow Answer

Which of the following firms should concentrate its production in a centralized location?

Correct AnswerverifiedShow Answer

Which of the following is a result of using just-in-time inventory systems?

Correct AnswerverifiedShow Answer

A second strategic objective shared by production and supply chain management is to increase product quality.In this context,quality means

Correct AnswerverifiedShow Answer

What do firms now typically use via the Internet to coordinate the flow of materials into manufacturing,through manufacturing,and out to customers?

Correct AnswerverifiedShow Answer

Which of the following is true of a product that serves universal needs?

Correct AnswerverifiedShow Answer

Which of the following terms refers to the production of a variety of end products at a unit cost that could once be achieved only through bulk production of a standardized output?

Correct AnswerverifiedShow Answer

Adopting flexible manufacturing technology to produce a wide variety of end products results in

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Political and economic systems,culture,a...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Central to the concept of economies of s...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The objectives of reducing costs and inc...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified