Question 1

Flexible manufacturing technologies are specially targeted at enabling companies to

Accepted Answer

A)   establish multiple manufacturing facilities in each major national market.
B)   build large inventories.
C)   achieve product standardization across markets.
D)   increase their work in progress.
E)   produce customized products without a significant cost penalty.

Question 2

Minimum efficient scale refers to the supply levels a company produces based on consumer demand.

Accepted Answer

A) True 
 B)False

Question 3

Explain W. Edwards Deming's philosophy of total quality management.

Accepted Answer

The total quality management (TQM) philo...

Question 4

Source factories should be located where production costs are low.

Accepted Answer

A) True 
 B)False

Question 5

What is a consequence of using flexible machine cells?

Accepted Answer

A)   It fails to adapt to the production of different products.
B)   It generally results in stockpiles of partly finished products.
C)   It improves capacity utilization and reduces wastes.
D)   It increases setup time for complex equipment.
E)   It adds to the cost structure of a firm.

Question 6

Katrine works for a major audio components manufacturer. It is her job to plan and control how the raw materials used to make the components come into the company and how the finished parts are shipped to end-users. Which part of the supply chain does Katrine work in?

Accepted Answer

A)   promotion
B)   recruitment
C)   logistics
D)   benchmarking
E)   offshoring

Question 7

Rattle Auto Corp. ships its products to 465 retail stores all across the United States. These retail stores are part of the ________ portion of the global supply chain.

Accepted Answer

A)   upstream
B)   horizontal
C)   downstream
D)   differential
E)   process

Question 8

Calvin Manufacturing purchased new equipment that reduces setup times when employees change templates between production runs. This equipment has also improved quality control measures throughout the entire manufacturing process. What type of technology is Calvin Manufacturing using?

Accepted Answer

A)   TQM
B)   lean production
C)   downstream
D)   JIT
E)   Six Sigma

Question 9

Location externalities, such as the presence of a skilled labor pool, affect a company's foreign direct investment decision.

Accepted Answer

A) True 
 B)False

Question 10

A ________ includes a grouping of various types of machinery, a common materials handler, and a computer to control the production of a family of parts or products.

Accepted Answer

A)   specialized asset
B)   dynamic capability
C)   turnkey project
D)   flexible machine cell
E)   just-in-time inventory

Question 11

The decentralization of production would be the best choice for

Accepted Answer

A)   Martin Inc., which is in an industry where national differences in politics, economy, and culture have a substantial impact on cost of production.
B)   Dahl Inc., which operates in an industry where volatile fluctuations in important exchange rates are expected.
C)   Sudser Technology, which manufactures industrial machines and equipment that serve universal needs.
D)   Glitzy Inc., which customizes jewelry in precious metal and stones with the aid of flexible manufacturing technologies.
E)   Denti-Kleen Inc., which uses a production technology that has high fixed costs and high minimum efficient scale.

Question 12

The Jackson Group decides that the best way to get around the exorbitant tariff barriers it encounters when shipping products to Malaysia is to build a factory there, with the same standards as the home factory, and allow that factory to serve the Malaysian market. What type of factory is the Jackson Group going to build?

Accepted Answer

A)   server
B)   outpost
C)   contributor
D)   source
E)   offshore

Question 13

Explain which two product features affect the location decision of a company.

Accepted Answer

Two product features affect location dec...

Question 14

In terms of minimum efficient scale of output, the "unit cost curve" rises with output until a certain output level is reached, at which point further increases in output realize little reduction in unit costs.

Accepted Answer

A) True 
 B)False

Question 15

James works in the after-market service department of All-Grain Food Products. He recently worked on a product recall for one of the company's most popular brands. Which operational objective is James responsible for within the global supply chain?

Accepted Answer

A)   responsiveness
B)   shipment consolidation
C)   life-cycle support
D)   variance reduction
E)   inventory reduction

Question 16

Flexible manufacturing technologies allow a company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output.

Accepted Answer

A) True 
 B)False

Question 17

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.

Question 18

Discuss the two basic strategies for locating production facilities. When is it most appropriate to centralize production?

Accepted Answer

There are two basic strategies for locat...

Question 19

What are two important strategic objectives of an international firm's production and logistics functions?

Accepted Answer

The production and logistics functions o...

Question 20

A business would want to concentrate its production facilities in a centralized location when

Accepted Answer

A)   the production technology has a low minimum efficient scale.
B)   the production technology has low fixed costs.
C)   the product serves universal needs.
D)   flexible manufacturing technologies are unavailable.
E)   the product's value-to-weight ratio is low.

Exam 15: Global Production and Supply Chain Management

Flexible manufacturing technologies are specially targeted at enabling companies to

Correct Answer
verified

Calvin Manufacturing purchased new equipment that reduces setup times when employees change templates between production runs. This equipment has also improved quality control measures throughout the entire manufacturing process. What type of technology is Calvin Manufacturing using?

Correct Answer
verified

A business would want to concentrate its production facilities in a centralized location when

Correct Answer
verified

Correct Answer
verified

Discuss the two basic strategies for locating production facilities. When is it most appropriate to centralize production?

Correct Answer
verified
There are two basic strategies for locat...
View Answer

In terms of minimum efficient scale of output, the "unit cost curve" rises with output until a certain output level is reached, at which point further increases in output realize little reduction in unit costs.

Correct Answer
verified

What are two important strategic objectives of an international firm's production and logistics functions?

Correct Answer
verified
The production and logistics functions o...
View Answer

Location externalities, such as the presence of a skilled labor pool, affect a company's foreign direct investment decision.

Correct Answer
verified

James works in the after-market service department of All-Grain Food Products. He recently worked on a product recall for one of the company's most popular brands. Which operational objective is James responsible for within the global supply chain?

Correct Answer
verified

Katrine works for a major audio components manufacturer. It is her job to plan and control how the raw materials used to make the components come into the company and how the finished parts are shipped to end-users. Which part of the supply chain does Katrine work in?

Correct Answer
verified

Source factories should be located where production costs are low.

Correct Answer
verified

Explain W. Edwards Deming's philosophy of total quality management.

Correct Answer
verified
The total quality management (TQM) philo...
View Answer

Flexible manufacturing technologies allow a company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output.

Correct Answer
verified

Minimum efficient scale refers to the supply levels a company produces based on consumer demand.

Correct Answer
verified

The decentralization of production would be the best choice for

Correct Answer
verified

What is a consequence of using flexible machine cells?

Correct Answer
verified

A ________ includes a grouping of various types of machinery, a common materials handler, and a computer to control the production of a family of parts or products.

Correct Answer
verified

Rattle Auto Corp. ships its products to 465 retail stores all across the United States. These retail stores are part of the ________ portion of the global supply chain.

Correct Answer
verified

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

Correct Answer
verified

Explain which two product features affect the location decision of a company.

Correct Answer
verified
Two product features affect location dec...
View Answer

Exam 15: Global Production and Supply Chain Management

Flexible manufacturing technologies are specially targeted at enabling companies to

Correct AnswerverifiedShow Answer

Calvin Manufacturing purchased new equipment that reduces setup times when employees change templates between production runs. This equipment has also improved quality control measures throughout the entire manufacturing process. What type of technology is Calvin Manufacturing using?

Correct AnswerverifiedShow Answer

A business would want to concentrate its production facilities in a centralized location when

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Discuss the two basic strategies for locating production facilities. When is it most appropriate to centralize production?

Correct AnswerverifiedThere are two basic strategies for locat...View AnswerShow Answer

In terms of minimum efficient scale of output, the "unit cost curve" rises with output until a certain output level is reached, at which point further increases in output realize little reduction in unit costs.

Correct AnswerverifiedShow Answer

What are two important strategic objectives of an international firm's production and logistics functions?

Correct AnswerverifiedThe production and logistics functions o...View AnswerShow Answer

Location externalities, such as the presence of a skilled labor pool, affect a company's foreign direct investment decision.

Correct AnswerverifiedShow Answer

James works in the after-market service department of All-Grain Food Products. He recently worked on a product recall for one of the company's most popular brands. Which operational objective is James responsible for within the global supply chain?

Correct AnswerverifiedShow Answer

Katrine works for a major audio components manufacturer. It is her job to plan and control how the raw materials used to make the components come into the company and how the finished parts are shipped to end-users. Which part of the supply chain does Katrine work in?

Correct AnswerverifiedShow Answer

Source factories should be located where production costs are low.

Correct AnswerverifiedShow Answer

Explain W. Edwards Deming's philosophy of total quality management.

Correct AnswerverifiedThe total quality management (TQM) philo...View AnswerShow Answer

Flexible manufacturing technologies allow a company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output.

Correct AnswerverifiedShow Answer

Minimum efficient scale refers to the supply levels a company produces based on consumer demand.

Correct AnswerverifiedShow Answer

The decentralization of production would be the best choice for

Correct AnswerverifiedShow Answer

What is a consequence of using flexible machine cells?

Correct AnswerverifiedShow Answer

A ________ includes a grouping of various types of machinery, a common materials handler, and a computer to control the production of a family of parts or products.

Correct AnswerverifiedShow Answer

Rattle Auto Corp. ships its products to 465 retail stores all across the United States. These retail stores are part of the ________ portion of the global supply chain.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Explain which two product features affect the location decision of a company.

Correct AnswerverifiedTwo product features affect location dec...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
There are two basic strategies for locat...
View Answer

Correct Answer
verified

Correct Answer
verified
The production and logistics functions o...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The total quality management (TQM) philo...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Two product features affect location dec...
View Answer