Question 1

A multinational corporation is a firm with extensive international business involvement.

Accepted Answer

A) True 
 B)False

Question 2

A product will always be in the same stage of its product life cycle regardless of the country.

Accepted Answer

A) True 
 B)False

Question 3

Outsourcing is simply an extension of the long-standing practice of:

Accepted Answer

A) subcontracting. 
B) importing. 
C) exporting. 
D) postponement. 
E) e-procurement. 
A) subcontracting. 
B) importing. 
C) exporting. 
D) postponement. 
E) e-procurement.

Question 4

Cost cutting in international operations can take place because of:

Accepted Answer

A) lower taxes and tariffs. 
B) lower wage scales. 
C) lower indirect costs. 
D) less stringent regulations. 
E) all of the above. 
A) lower taxes and tariffs. 
B) lower wage scales. 
C) lower indirect costs. 
D) less stringent regulations. 
E) all of the above.

Question 5

A firm can effectively use its operations function to yield competitive advantage through all of the following EXCEPT:

Accepted Answer

A) customization of the product. 
B) setting equipment utilization goals below the industry average. 
C) speed of delivery. 
D) constant innovation of new products. 
E) maintaining a variety of product options. 
A) customization of the product. 
B) setting equipment utilization goals below the industry average. 
C) speed of delivery. 
D) constant innovation of new products. 
E) maintaining a variety of product options.

Question 6

The ________ is how an organization expects to achieve its missions and goals.

Accepted Answer

The answer of The ________ is how an organization expects...

Question 7

Multinational organizations can shop from country to country and cut costs through:

Accepted Answer

A) lower wage scales. 
B) lower indirect costs. 
C) less stringent regulations. 
D) lower taxes and tariffs. 
E) all of the above. 
A) lower wage scales. 
B) lower indirect costs. 
C) less stringent regulations. 
D) lower taxes and tariffs. 
E) all of the above.

Question 8

One reason for global operations is to gain improvements in the supply chain.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is LEAST likely to be a low-cost leadership competitive advantage?

Accepted Answer

A) low overhead 
B) effective capacity use 
C) inventory management 
D) broad product line 
E) mass production 
A) low overhead 
B) effective capacity use 
C) inventory management 
D) broad product line 
E) mass production

Question 10

________ is the practice of transferring a firm's activities that have traditionally been internal to external suppliers.

Accepted Answer

The answer of ________ is the practice of transferring a...

Question 11

A company is deciding between 2 foreign firms to provide its call center services.A factor-rating method is used.Factors are rated on a scale of 1-10,with 10 being the best score.
A: If the factors are weighted equally (respective weights of .3333),which firm is preferred?
B: Suppose a consultant recommended that Factor 2 be twice as important as Factor 1,while Factor 3 should be four times as important as Factor 1.Which firm is best now using a weighted method? (Round your weights to the nearest four decimal places. )

Accepted Answer

A: Firm A = 10(.3333)+ 7(.3333)+ 4 (.333

Question 12

________ is a free trade agreement among Canada,Mexico,and the United States.

Accepted Answer

NAFTA-Nort

Question 13

Franz Colruyt has achieved low-cost leadership through:

Accepted Answer

A) effective use of voice mail. 
B) plastic,not paper,shopping bags. 
C) background music that subtly encourages shoppers to buy more. 
D) converting factories,garages,and theaters into retail outlets. 
E) exclusive use of the Euro. 
A) effective use of voice mail. 
B) plastic,not paper,shopping bags. 
C) background music that subtly encourages shoppers to buy more. 
D) converting factories,garages,and theaters into retail outlets. 
E) exclusive use of the Euro.

Question 14

SWOT analysis is a method of determining external strengths and weaknesses and internal opportunities and threats.

Accepted Answer

A) True 
 B)False

Question 15

Core competencies are good candidates for outsourcing.

Accepted Answer

A) True 
 B)False

Question 16

Caterpillar and Texas Instruments are two firms that have benefited from the use of:

Accepted Answer

A) the multidomestic strategy option. 
B) the international strategy option. 
C) the transnational strategy option. 
D) the maquiladora system in Europe. 
E) the global strategy option. 
A) the multidomestic strategy option. 
B) the international strategy option. 
C) the transnational strategy option. 
D) the maquiladora system in Europe. 
E) the global strategy option.

Question 17

Low-cost leadership is the ability to distinguish the offerings of the organization in a way that the customer perceives as adding value.

Accepted Answer

A) True 
 B)False

Question 18

Boeing's new 787 Dreamliner:

Accepted Answer

A) is assembled in Washington,D.C. 
B) uses engines from Japan. 
C) has its fuselage sections built in Australia. 
D) has increased efficiency from new engine technology. 
E) results from a partnership of about a dozen companies. 
A) is assembled in Washington,D.C. 
B) uses engines from Japan. 
C) has its fuselage sections built in Australia. 
D) has increased efficiency from new engine technology. 
E) results from a partnership of about a dozen companies.

Question 19

Identify and explain the four basic global operations strategies.Give an example of each strategy.

Accepted Answer

The multidomestic strategy decentralizes

Question 20

Which of the following has progressed the FURTHEST along its product life cycle?

Accepted Answer

A) drive-through restaurants 
B) Boeing 787 
C) iPods 
D) 3-D game players 
E) Xbox 360 
A) drive-through restaurants 
B) Boeing 787 
C) iPods 
D) 3-D game players 
E) Xbox 360

Exam 2: The Global Environment and Operations Strategy

A multinational corporation is a firm with extensive international business involvement.

A product will always be in the same stage of its product life cycle regardless of the country.

Outsourcing is simply an extension of the long-standing practice of:

Cost cutting in international operations can take place because of:

A firm can effectively use its operations function to yield competitive advantage through all of the following EXCEPT:

The ________ is how an organization expects to achieve its missions and goals.

Multinational organizations can shop from country to country and cut costs through:

One reason for global operations is to gain improvements in the supply chain.

Which of the following is LEAST likely to be a low-cost leadership competitive advantage?

________ is the practice of transferring a firm's activities that have traditionally been internal to external suppliers.

________ is a free trade agreement among Canada,Mexico,and the United States.

Franz Colruyt has achieved low-cost leadership through:

SWOT analysis is a method of determining external strengths and weaknesses and internal opportunities and threats.

Core competencies are good candidates for outsourcing.

Caterpillar and Texas Instruments are two firms that have benefited from the use of:

Low-cost leadership is the ability to distinguish the offerings of the organization in a way that the customer perceives as adding value.

Boeing's new 787 Dreamliner:

Identify and explain the four basic global operations strategies.Give an example of each strategy.

Which of the following has progressed the FURTHEST along its product life cycle?

Operations and Productivity

Managing Projects

Forecasting Demand

Product Design

Quality Management and International Standards

Process Design

Location Decisions

Layout Decisions

Job Design and Work Measurement

Supply Chain Management

Managing Inventory

Aggregate Scheduling

Material Requirements Planning Mrpand Erp

Scheduling for the Short-Term

Jit,lean Operations,and the Toyota Production System

Maintenance and Reliability Decisions

Sustainability

Statistical Process Control

Capacity Planning

Supply Chain Modeling

Decision Modeling

Linear Programming Models

Transportation Modeling

Queuing Models

Learning Curves

Modeling with Simulation

Filters