Question 1

The reason companies decide to make parts rather than buy them is to

Accepted Answer

A)  Lower production cost and ensures adequate supply 
B)  Avoid supplier collusion and reduces distribution conflicts 
C)  Protect intellectual property rights and reduces labor strikes 
D)  None of the above 
A)  Lower production cost and ensures adequate supply 
B)  Avoid supplier collusion and reduces distribution conflicts 
C)  Protect intellectual property rights and reduces labor strikes 
D)  None of the above A

Question 2

Locations for manufacturing facilities are selected on the basis of

Accepted Answer

A)  Distance from the parent company 
B)  Worker productivity rates and local tax rates 
C)  The availability of food 
D)  The availability of hotel rooms for expatriates 
A)  Distance from the parent company 
B)  Worker productivity rates and local tax rates 
C)  The availability of food 
D)  The availability of hotel rooms for expatriates B

Question 3

Host government incentives to attract foreign investments include

Accepted Answer

A)  Tax relief 
B)  Low cost land 
C)  Lower utility rates 
D)  All of the above 
A)  Tax relief 
B)  Low cost land 
C)  Lower utility rates 
D)  All of the above D

Question 4

Identify the key differences between the manufacturing sector and the service sector.

Accepted Answer

The answer of Identify the key differences between the manufacturing...

Question 5

Process function within POM brings people, material, machines, and technology together.

Accepted Answer

A) True 
 B)False

Question 6

Explain the just-in-time (JIT) system of inventory management.

Accepted Answer

The answer of Explain the just-in-time (JIT) system of inventory...

Question 7

Globalization of POM has created a network of operations that is borderless.

Accepted Answer

A) True 
 B)False

Question 8

Layouts are arrangements of computer hardware and software to improve efficiency.

Accepted Answer

A) True 
 B)False

Question 9

Some of the key functions in POM are

Accepted Answer

A)  Process and layout 
B)  Distribution and selling 
C)  Legal and purchasing 
D)  Accounting and finance 
A)  Process and layout 
B)  Distribution and selling 
C)  Legal and purchasing 
D)  Accounting and finance

Question 10

What is TQM, and how is it applied?

Accepted Answer

The answer of What is TQM, and how is it...

Question 11

The goals of JIT are

Accepted Answer

A)  To increase sales 
B)  To increase profits 
C)  Avoid disruptions along the production process 
D)  None of the above 
A)  To increase sales 
B)  To increase profits 
C)  Avoid disruptions along the production process 
D)  None of the above

Question 12

What are some of the newer developments in manufacturing?

Accepted Answer

The answer of What are some of the newer developments...

Question 13

Six Sigma is a disciplined methodology that uses data and statistical analysis to measure and improve a company's operational performance by identifying and eliminating defects.

Accepted Answer

A) True 
 B)False

Question 14

The service characteristic of inseparability implies that services are produced and consumed simultaneously.

Accepted Answer

A) True 
 B)False

Question 15

Discuss vertical integration.

Accepted Answer

The answer of Discuss vertical integration....

Question 16

TQM can be defined as an organization-wide approach to continuously improving the quality of an organization's product and processes that are important to the customers.

Accepted Answer

A) True 
 B)False

Question 17

In vertical integration, a company acquires other companies to add to its product line.

Accepted Answer

A) True 
 B)False

Question 18

The perishability characteristic of services implies that

Accepted Answer

A)  They need to be stored before they perish 
B)  They have a short shelf life 
C)  They cannot be stored 
D)  They can be consumed at a much later date 
A)  They need to be stored before they perish 
B)  They have a short shelf life 
C)  They cannot be stored 
D)  They can be consumed at a much later date

Question 19

Outsourcing is used by companies to

Accepted Answer

A)  Create jobs in developing countries 
B)  Reduce costs 
C)  Improve infrastructure facilities of developing countries 
D)  To win the favor of the host government 
A)  Create jobs in developing countries 
B)  Reduce costs 
C)  Improve infrastructure facilities of developing countries 
D)  To win the favor of the host government

Question 20

Some of the costs associated with maintaining inventory include

Accepted Answer

A)  Labor costs 
B)  Holding costs 
C)  Packaging costs 
D)  Distribution costs 
A)  Labor costs 
B)  Holding costs 
C)  Packaging costs 
D)  Distribution costs

The reason companies decide to make parts rather than buy them is to

Locations for manufacturing facilities are selected on the basis of

Host government incentives to attract foreign investments include

Identify the key differences between the manufacturing sector and the service sector.

Process function within POM brings people, material, machines, and technology together.

Explain the just-in-time (JIT) system of inventory management.

Globalization of POM has created a network of operations that is borderless.

Layouts are arrangements of computer hardware and software to improve efficiency.

Some of the key functions in POM are

What is TQM, and how is it applied?

The goals of JIT are

What are some of the newer developments in manufacturing?

Six Sigma is a disciplined methodology that uses data and statistical analysis to measure and improve a company's operational performance by identifying and eliminating defects.

The service characteristic of inseparability implies that services are produced and consumed simultaneously.

Discuss vertical integration.

TQM can be defined as an organization-wide approach to continuously improving the quality of an organization's product and processes that are important to the customers.

In vertical integration, a company acquires other companies to add to its product line.

The perishability characteristic of services implies that

Outsourcing is used by companies to

Some of the costs associated with maintaining inventory include

Introduction and Overview

International Business Environment-Culture

Economic and Other Related Environmental Variables

The Political and Legal Environment

International Trade and Foreign Direct Investments

Entry Strategies

Functional Integration

Outsourcing

International Finance

International Marketing

Human Resource Management and Organizational Structures

International Financial Management

International Accounting

Filters

Exam 8: Production and Operations Management and Supply Chain Management

The reason companies decide to make parts rather than buy them is to

Locations for manufacturing facilities are selected on the basis of

Host government incentives to attract foreign investments include

Identify the key differences between the manufacturing sector and the service sector.

Process function within POM brings people, material, machines, and technology together.

Explain the just-in-time (JIT) system of inventory management.

Globalization of POM has created a network of operations that is borderless.

Layouts are arrangements of computer hardware and software to improve efficiency.

Some of the key functions in POM are

What is TQM, and how is it applied?

The goals of JIT are

What are some of the newer developments in manufacturing?

Six Sigma is a disciplined methodology that uses data and statistical analysis to measure and improve a company's operational performance by identifying and eliminating defects.

The service characteristic of inseparability implies that services are produced and consumed simultaneously.

Discuss vertical integration.

TQM can be defined as an organization-wide approach to continuously improving the quality of an organization's product and processes that are important to the customers.

In vertical integration, a company acquires other companies to add to its product line.

The perishability characteristic of services implies that

Outsourcing is used by companies to

Some of the costs associated with maintaining inventory include

Introduction and Overview

International Business Environment-Culture

Economic and Other Related Environmental Variables

The Political and Legal Environment

International Trade and Foreign Direct Investments

Entry Strategies

Functional Integration

Outsourcing

International Finance

International Marketing

Human Resource Management and Organizational Structures

International Financial Management

International Accounting

Filters