Question 1

What are the three main factors that affect the decision of locating production?

Accepted Answer

The decision of where to locate producti...

Question 2

Which of the following is a hidden cost associated with basing production in a foreign location?

Accepted Answer

A)   Cost of labor within the location
B)   High employee turnover
C)   Transportation costs
D)   Differences in the value of currency

Question 3

At Six Sigma,a production process would be highly accurate and create just _____.

Accepted Answer

A)   3.4 defects per hundred thousand units
B)   6.8 defects per million units
C)   3.4 defects per million units
D)   6.8 defects per hundred thousand units

Question 4

Flexible manufacturing technology is also known as _____.

Accepted Answer

A)   Six sigma production
B)   line production
C)   standardization
D)   lean production

Question 5

Just-in-time systems reduce product quality although it brings about huge cost savings.

Accepted Answer

A) True 
 B)False

Question 6

Explain how the strategic role of foreign factories evolves over time.

Accepted Answer

The strategic role of foreign factories ...

Question 7

How does the type of technology a firm uses affect its decision of where to locate production?

Accepted Answer

The type of technology a firm uses to pe...

Question 8

Maintaining high minimum efficient scale allows a firm to hedge against currency risks.

Accepted Answer

A) True 
 B)False

Question 9

The objectives of logistics are to manage a firm's global supply chain at the lowest possible cost and in a way that best serves customer needs.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following statements is true of Web-based EDI systems?

Accepted Answer

A)   Web-based EDI systems are more expensive than proprietary solutions.
B)   Small firms will not be able to make use of Web-based EDI systems
C)   Web-based systems are much easier to install compared to proprietary solutions.
D)   Most Web-based systems are implemented to support proprietary solutions.

Question 11

Global learning refers to the idea that valuable knowledge does not reside just in a firm's domestic operations.

Accepted Answer

A) True 
 B)False

Question 12

Flexible manufacturing technologies enable companies to customize products to the demands of small consumer groups.

Accepted Answer

A) True 
 B)False

Question 13

A(n) _____ is a grouping of various types of machinery,a common materials handler,and a centralized cell controller.

Accepted Answer

A)   flexible machine cell
B)   Six Sigma
C)   assembly line
D)   minimum efficient scale

Question 14

Logistics is the activity that controls the _____.

Accepted Answer

A)   transmission of physical materials through the value chain
B)   customer contact points of a business
C)   activities involved in creating a product
D)   information exchange between a business and its customers

Question 15

The Six Sigma methodology _____.

Accepted Answer

A)   is used to compare and benchmark the performances of competing firms
B)   gives more importance to productivity than product quality
C)   is a direct descendant of the total quality management philosophy
D)   recommends that only one product should be defective in thousand products

Question 16

Just-in-time systems are used to economize on inventory holding costs by having materials arrive at a manufacturing plant just in time to enter the production process and not before.

Accepted Answer

A) True 
 B)False

Question 17

Upward migration in the strategic role of foreign production sites arises when they upgrade their own capabilities.

Accepted Answer

A) True 
 B)False

Question 18

The term _____ has been coined to describe the ability of companies to use flexible manufacturing technology to reconcile the goals of low cost and product personalization.

Accepted Answer

A)   assembly-line production
B)   product standardization
C)   mass customization
D)   Six Sigma production

Question 19

RSA is a bicycle manufacturing company.Which of the following is a make-or-buy decision that the company will have to make?

Accepted Answer

A)   Should the company increase its responsiveness toward the retailers?
B)   What are the products that the company should manufacture?
C)   Should the company outsource production to a low-cost vendor?
D)   What should be the pricing strategy of the company's product?

Question 20

Just-in-time inventory systems _____.

Accepted Answer

A)   are used when procurement is not organized
B)   require large warehouses for storage
C)   economize on inventory holding costs
D)   maintain large buffer for inventory

Exam 17: Global Production and Supply Chain Management

Just-in-time inventory systems _____.

Correct AnswerverifiedShow Answer

Explain how the strategic role of foreign factories evolves over time.

Correct AnswerverifiedThe strategic role of foreign factories ...View AnswerShow Answer

Maintaining high minimum efficient scale allows a firm to hedge against currency risks.

Correct AnswerverifiedShow Answer

How does the type of technology a firm uses affect its decision of where to locate production?

Correct AnswerverifiedThe type of technology a firm uses to pe...View AnswerShow Answer

Upward migration in the strategic role of foreign production sites arises when they upgrade their own capabilities.

Correct AnswerverifiedShow Answer

Flexible manufacturing technology is also known as _____.

Correct AnswerverifiedShow Answer

The Six Sigma methodology _____.

Correct AnswerverifiedShow Answer

Which of the following is a hidden cost associated with basing production in a foreign location?

Correct AnswerverifiedShow Answer

Flexible manufacturing technologies enable companies to customize products to the demands of small consumer groups.

Correct AnswerverifiedShow Answer

Global learning refers to the idea that valuable knowledge does not reside just in a firm's domestic operations.

Correct AnswerverifiedShow Answer

The objectives of logistics are to manage a firm's global supply chain at the lowest possible cost and in a way that best serves customer needs.

Correct AnswerverifiedShow Answer

Logistics is the activity that controls the _____.

Correct AnswerverifiedShow Answer

What are the three main factors that affect the decision of locating production?

Correct AnswerverifiedThe decision of where to locate producti...View AnswerShow Answer

Which of the following statements is true of Web-based EDI systems?

Correct AnswerverifiedShow Answer

The term _____ has been coined to describe the ability of companies to use flexible manufacturing technology to reconcile the goals of low cost and product personalization.

Correct AnswerverifiedShow Answer

A(n) _____ is a grouping of various types of machinery,a common materials handler,and a centralized cell controller.

Correct AnswerverifiedShow Answer

Just-in-time systems are used to economize on inventory holding costs by having materials arrive at a manufacturing plant just in time to enter the production process and not before.

Correct AnswerverifiedShow Answer

At Six Sigma,a production process would be highly accurate and create just _____.

Correct AnswerverifiedShow Answer

RSA is a bicycle manufacturing company.Which of the following is a make-or-buy decision that the company will have to make?

Correct AnswerverifiedShow Answer

Just-in-time systems reduce product quality although it brings about huge cost savings.

Correct AnswerverifiedShow Answer

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The strategic role of foreign factories ...
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The type of technology a firm uses to pe...
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The decision of where to locate producti...
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