front 1 The term _____ is commonly used for a company's decision to relocate activities to foreign locations. | back 1 Offshoring |
front 2 Production methods that are between capital-intensive and labour intensive-methods are known as ________. | back 2 Intermediate technology |
front 3 Production methods between capital-and-labor-intensive methods are known as intermediate technology. | back 3 TRUE |
front 4 Which of the following is the best definition of outsourcing? | back 4 Hiring others to perform some of the non core activities in a company's value chain, rather than having the company and its employees continue to perform those activities. |
front 5 While logistics and distribution can be outsourced, it is not possible to outsource activities such as product design or marketing. | back 5 FALSE |
front 6 An arrangement in which facilities are established to manufacture inputs used in the production of a firm's final products is known as forward integration. | back 6 FALSE |
front 7 A branded garment firm with no production facilities enters into a contract with foreign manufacturers to make clothing to its specification with is labels. What type of global sourcing arrangement will this be classified as? | back 7 Overseas independent contractor |
front 8 For manufacturing rationalization to be possible, the firm must elect to produce products that are different worldwide or region wide. | back 8 FALSE |
front 9 An importing company can protect itself from exchange rate risk by using _______ techniques. | back 9 Hedging |
front 10 ________ refers to managerial functions associated with the movement of materials such as raw materials, work in progress, or finished goods. | back 10 Logistics |
front 11 Many US organizations buying capital goods such as manufacturing equipment use ______ costing to analyze purchasing decisions from the time or purchase to the time the goods are scrapped. | back 11 Life-cycle |
front 12 An automobile company purchasing a tire company would be an example of ________. | back 12 Backward vertical integration |
front 13 The purchasing of goods and services that are not part of finished goods is termed indirect procurement. | back 13 TRUE |
front 14 _______ are documented agreements containing technical specifications or other precise criteria that will be used consistently as guidelines, rules, or definitions of the characteristics of a product, process, or service. | back 14 Standards |
front 15 _______ is not a viable strategy when consumers' tastes and preferences differ markedly among markets. | back 15 Manufacturing rationalization |