Question 1

One reason to buy instead of make a part or product in-house is greater flexibility.

Accepted Answer

A) True 
 B)False

Question 2

The practice of buying from another company a good or service that is part of a company's value-added activities is called ________.

Accepted Answer

The answer of The practice of buying from another company...

Question 3

Scenario: Verandas International
Verandas International is expanding its operations in North America. The Dutch company supplies products needed by restaurants with outdoor tables. Verandas International is a leader in this industry, but the company believes it must increase its geographic reach to maintain that position.
-Lars has read that the value of the U.S. dollar is expected to decline relative to the euro. Which of the following might be the most advantageous for Verandas International?

Accepted Answer

A)  Borrowing from U.S. banks 
B)  Issuing equity in Germany 
C)  Locating venture capitol in the Netherlands 
D)  Borrowing from Dutch banks 
A)  Borrowing from U.S. banks 
B)  Issuing equity in Germany 
C)  Locating venture capitol in the Netherlands 
D)  Borrowing from Dutch banks

Question 4

The process of assessing a company's ability to produce enough output to satisfy market demand is called ________.

Accepted Answer

The answer of The process of assessing a company's ability...

Question 5

Above all, companies make products rather than buy them in order to reduce total costs.

Accepted Answer

A) True 
 B)False

Question 6

How is process planning affected by a company's business level strategy?

Accepted Answer

Process planning, which involves determi

Question 7

What are the advantages of American Depository Receipts (ADRs)?

Accepted Answer

The answer of What are the advantages of American Depository...

Question 8

Companies that buy products from one or more outside suppliers gain flexibility.

Accepted Answer

A) True 
 B)False

Question 9

________ adds to the volatility of emerging markets because it can be quickly withdrawn.

Accepted Answer

A)  Hot money 
B)  Quick money 
C)  Short-term capital 
D)  Overnight capital 
A)  Hot money 
B)  Quick money 
C)  Short-term capital 
D)  Overnight capital

Question 10

Which of these is a reason to buy instead of make a component?

Accepted Answer

A)  Lower risk 
B)  Greater flexibility 
C)  Market power 
D)  All of the above 
A)  Lower risk 
B)  Greater flexibility 
C)  Market power 
D)  All of the above

Question 11

Deciding the process a company will use to create its product is called ________.

Accepted Answer

A)  a mission statement 
B)  capacity planning 
C)  location economics 
D)  process planning 
A)  a mission statement 
B)  capacity planning 
C)  location economics 
D)  process planning

Question 12

Companies strive toward quality improvements for two reasons: cost and customer value.

Accepted Answer

A) True 
 B)False

Question 13

Deciding whether to make a component or to buy it from another company is called the ________.

Accepted Answer

make-or-bu

Question 14

Companies with centralized production facilities are often pursuing ________.

Accepted Answer

A)  low-cost strategies 
B)  multidomestic strategies 
C)  differentiation strategies 
D)  multinational strategies 
A)  low-cost strategies 
B)  multidomestic strategies 
C)  differentiation strategies 
D)  multinational strategies

Question 15

A production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed is called the ISO 9000.

Accepted Answer

A) True 
 B)False

Question 16

Scenario: Wilson Industries, Inc.
Wilson Industries, Inc. is a multinational firm that designs and produces tourist nik-naks for major destinations worldwide. The company's board of directors is meeting to discuss changes that might be needed in the company's operations.
-The board is also interested in new production techniques the company could use to create its product, which is called ________.

Accepted Answer

A)  capacity planning 
B)  facilities location planning 
C)  process planning 
D)  facilities layout planning 
A)  capacity planning 
B)  facilities location planning 
C)  process planning 
D)  facilities layout planning

Question 17

Deciding whether to make a component or buy it from another company is called the make-or-buy decision.

Accepted Answer

A) True 
 B)False

Question 18

How can small companies and entrepreneurs take advantage of international capital markets?

Accepted Answer

Small companies and entrepreneurs can ta

Question 19

Patient money is cash that can be quickly withdrawn from a market in times of crisis.

Accepted Answer

A) True 
 B)False

Question 20

Scenario: Wilson Industries, Inc.
Wilson Industries, Inc. is a multinational firm that designs and produces tourist nik-naks for major destinations worldwide. The company's board of directors is meeting to discuss changes that might be needed in the company's operations.
-If Wilson Industries actually selects a new location for production operations, the company will have made a ________ decision.

Accepted Answer

A)  capacity planning 
B)  facilities location planning 
C)  process planning 
D)  facilities layout planning 
A)  capacity planning 
B)  facilities location planning 
C)  process planning 
D)  facilities layout planning

One reason to buy instead of make a part or product in-house is greater flexibility.

The practice of buying from another company a good or service that is part of a company's value-added activities is called ________.

The process of assessing a company's ability to produce enough output to satisfy market demand is called ________.

Above all, companies make products rather than buy them in order to reduce total costs.

How is process planning affected by a company's business level strategy?

What are the advantages of American Depository Receipts (ADRs)?

Companies that buy products from one or more outside suppliers gain flexibility.

________ adds to the volatility of emerging markets because it can be quickly withdrawn.

Which of these is a reason to buy instead of make a component?

Deciding the process a company will use to create its product is called ________.

Companies strive toward quality improvements for two reasons: cost and customer value.

Deciding whether to make a component or to buy it from another company is called the ________.

Companies with centralized production facilities are often pursuing ________.

A production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed is called the ISO 9000.

Deciding whether to make a component or buy it from another company is called the make-or-buy decision.

How can small companies and entrepreneurs take advantage of international capital markets?

Patient money is cash that can be quickly withdrawn from a market in times of crisis.

Globalization

Cross-Cultrual Busines

Politics, Law, and Business Ethics

Economic Systems and Development

International Trade

Business-Government Trade Relations

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Money System

International Strategy and Organization

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Hiring and Managing Employees

Filters

Exam 15: Managing International Operations

One reason to buy instead of make a part or product in-house is greater flexibility.

The practice of buying from another company a good or service that is part of a company's value-added activities is called ________.

The process of assessing a company's ability to produce enough output to satisfy market demand is called ________.

Above all, companies make products rather than buy them in order to reduce total costs.

How is process planning affected by a company's business level strategy?

What are the advantages of American Depository Receipts (ADRs)?

Companies that buy products from one or more outside suppliers gain flexibility.

________ adds to the volatility of emerging markets because it can be quickly withdrawn.

Which of these is a reason to buy instead of make a component?

Deciding the process a company will use to create its product is called ________.

Companies strive toward quality improvements for two reasons: cost and customer value.

Deciding whether to make a component or to buy it from another company is called the ________.

Companies with centralized production facilities are often pursuing ________.

A production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed is called the ISO 9000.

Deciding whether to make a component or buy it from another company is called the make-or-buy decision.

How can small companies and entrepreneurs take advantage of international capital markets?

Patient money is cash that can be quickly withdrawn from a market in times of crisis.

Globalization

Cross-Cultrual Busines

Politics, Law, and Business Ethics

Economic Systems and Development

International Trade

Business-Government Trade Relations

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Money System

International Strategy and Organization

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Hiring and Managing Employees

Filters