Exam 11: Global Location Decisions

Certain states in the United States have laws that secure the rights of employees to decide for themselves whether or not to join or financially support a labor union.These laws are called:

Which of the following regional trade agreements is paired with the appropriate region of the world?

The following facility location technique uses fixed and variable costs to analyze potential locations:

Which of the following would be considered a quality of life factor?

A list of quality-of-life factors would most likely include proximity to customers, proximity to suppliers, tariff rates, and currency stability.

Which of the following secures the right of employees to decide whether or not to join or financially support a union?

While business clusters seem logical in well-established areas with developed economies like Silicon Valley and Hollywood, California because companies can easily collaborate, compete, and share knowledge, some high-tech clusters have developed in areas with emerging economies such as Mexico, Singapore, and India.

The Bruntland Commission defines ____ as the ability to meet the needs of the present without compromising the ability of future generations to meet their own needs.

If an organization wanted to set up a facility in an area near a number of advanced suppliers, competitors, and research facilities in order to have access to current information on materials, components, and technologies the organization would likely set up a source factory.

A certain organization trying to decide where to locate their future factory is considering three locations.They are taking into account three factors: labor costs, currency stability, and proximity to market.Using the weights for each factor listed below and the scores achieved by each of the three considered locations, determine which location should be chosen for the new facility based on the weighted factory location model.SCORES (Maximum 100) FACTOR WEIGHT SITE A SITE B SITE C Labor Cost 0)20 90 65 90 Currency Stability 0)50 80 90 80 Proximity to Market 0)30 80 80 80

When trying to gauge a nation's competitiveness a manager may want to consult one of two primary world competitiveness rankings, the World Competitiveness Yearbook published by IMD and The Global Competitiveness Report prepared by the World Economic Forum.

A right-to-work law allows employees to decide for themselves whether or not they want to join or financially support a union.

While the development and proliferation of the Internet and web-based commerce has not completely eliminated the relevancy of facilities location, because of the Internet, the speed of delivery and cost in serving the customer are no longer factors in determining the strategic location of an organization's facilities.

Examples of regional trade agreements include all of the following EXCEPT:

What specific advantages would a Free Trade Zone offer a manufacturing company? Also, under which circumstances would a company utilize a Free Trade Zone?

All of the following are considered components of variable costs EXCEPT:

Your company needs to determine the appropriate location of a factory in order to take advantage of government incentives and avoid tariff barriers, the type of factory needed can be referred to as a(n):

A certain organization trying to decide where to locate their future factory is considering three locations.They are taking into account three factors: labor costs, currency stability, and proximity to market.Using the weights for each factor listed below and the scores achieved by each of the three considered locations, determine which location should be chosen for the new facility based on the weighted factory location model.SCORES (Maximum 100) FACTOR WEIGHT SITE A SITE B SITE C Labor Cost 0)30 90 80 80 Currency Stability 0)40 80 85 80 Proximity to Market 0)30 80 80 80

The European Union (EU) created the world's largest free trade area.

Which of the following trade agreements was set up after WWII and originally consisted of six countries?