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1. The most important reason for sourcing globally is: A) to obtain foreign products that are not available locally. B) the firms worldwide operation and attitude. C) to obtain advanced technology from foreign sources. D) to obtain lower prices from foreign sources. 2. Which of the following arrangements can provide a firm with foreign products? A) Wholly owned subsidiary. B) Overseas venture. C) Inbond plant contractor. D) all of the above.
INTERNATIONAL BUSINESS Minitest Chapter – Global Operations and Supply Chain Management I Choose the correct answers The most important reason for sourcing globally is: A) to obtain foreign products that are not available locally B) the firm's worldwide operation and attitude C) to obtain advanced technology from foreign sources D) to obtain lower prices from foreign sources Which of the following arrangements can provide a firm with foreign products? A) Wholly owned subsidiary B) Overseas venture C) In-bond plant contractor D) all of the above There is a strong relationship between global sourcing and: A) ownership of foreign sources B) a firm's total profit C) a firm's global success D) none of the above International freight, insurance and packing can add as much as to the quoted price of an imported product A) to percent B) to 10 percent C) 10 to 12 percent D) 12 to 14 percent To lower manufacturing costs, the principal goal of Japanese firms is to: A) eliminate inventories B) reduce the process time C) lower labor costs D) reduce inventory costs has become a global center for high-technology businesses in recent years A) China B) Indonesia C) Vietnam D) India , the most comprehensive of standards applies to industries involved in the design, development, manufacturing, installation and servicing of products and services: A) ISO 9001 B) C) D) ANSI/AQC90 ISO 9000 ISO 14000 Manufacturing rationalization is the: A) concentration of production at one central location B) division of production among a number of producing units C) allocation of labor costs based on product quality D) location of production facilities in countries that have the most favorable export laws Generally, it is easier for international corporations to standardize the concepts of total quality management and synchronous manufacturing in their overseas affiliates than it is to standardize the actual manufacturing facilities Environmental forces that contribute to this include: A) legal forces B) financial forces C) political forces D) all of the above 10 Production methods that are between capital-intensive and labor-intensive methods are called: A) mid-range technologies B) appropriate technologies C) intermediate technologies D) none of the above II Decide the statements whether are true or false The "over-the-wall" approach to product design is sequential in nature, and its initial step is the product's designs are prepared by the designers The rate at which developing nations shift to more sophisticated processes is often slower than for the initial emergence of these processes in a developed country quicker activity-based costing Firms increasingly are using indirect procurement systems to ensure that all the costs associated with foreign sourcing are fully recognized when they make purchasing decisions To avoid an increase in price because the home currency has lost value, an American importer should require exporters to quote in their currency dollar prices Many U.S manufacturers copied parts of the just-in-time system without realizing it is a total system ... international corporations to standardize the concepts of total quality management and synchronous manufacturing in their overseas affiliates than it is to standardize the actual manufacturing... forces that contribute to this include: A) legal forces B) financial forces C) political forces D) all of the above 10 Production methods that are between capital-intensive and labor-intensive... whether are true or false The "over-the-wall" approach to product design is sequential in nature, and its initial step is the product's designs are prepared by the designers The rate at which developing