Liberty University BUSI 303 quiz 4 complete solutions correct answers A+ work

Liberty University BUSI 303 quiz 4 complete solutions correct answers A+ work

More than 8 different versions

Which is not a vital consideration for determining managerial commitment to expanding globally?

A major Proactive motivation factor includes:

Kaizen, utilized from the executive levels of the firm to the line workers, is a tool used in the managing of the total production process to generate an exceptional product or service.

The term logistics refers to the movement of finished products, semi-finished products, components, and materials between various locations.

______represent situations where a company with experience in specific business areas or industrial sectors makes personnel available to perform general or specialized management functions for another company. 

One of the most important questions to answer when entering the global market is that of?          

Just-in-time production or systems is a comprehensive set of doctrines and systems founded on the philosophy that businesses should hold a large inventory above what is necessary for immediate production or distribution.

The greatest reactive motivation for global expansion is the prospect of global sales.

Continuous improvement, sometimes referred to as ______, is a management technique that historically involves several incremental improvements to a process rather than a single overpowering improvement or change.

The three aspects which are especially important to international expansion are location, timing, and scope.

The key components in successful operations management are efficiency and effectiveness.         

The ABC Classification system is used to categorize inventory items and is also known as stock keeping units (SKU’s).

It is important to remember that cost savings do not only result from looking for the cheapest method but also from looking for the most efficient method.

Businesses must carefully consider the benefits, advantages, challenges, and risks involved to compete within an international market.

______are utilized to provide expertise to inexperienced exporters as they enter overseas markets.

The key factors that influence the entry mode selection are.

What are the three types of demand forecasting models?

What are the two types of entry modes available into a market?

The expectation of standardized goods and services with a corresponding level of consistency in service, quality, and performance across nations and regions signifies the trend towards global commerce.

Most firms typically choose to enter into global markets from a proactive stance, but some are forced to enter the global market in a reactive stance.

Tool used in managing of the total production process to generate an exceptional product or service

Means to enhance the effectiveness of the value chain

customer focus, participation, and teamwork, continuous improvement and learning

Decision controlled by home office or in foreign location

Include experts in each technical area within an organization are at horizontal in nature

The slowest process in a multistep production process that limits total output

Total amount of products that can be produced by the entire operation in a given amount of time

Greater gain comes from identifying which parts of the process is a constraint to the whole

Manage noncritical process within an organization an can contribute to nearly all aspects of an organization

Comprises the inventory planning and ordering category of inventory control

When a firm incurs unanticipated costs from underestimating foreign regulations

Quest for profit, competitive advantage, market opportunities, economies of scale, tax benefits

Gaining access to resources, cutting cost, capitalizing on special feature location, expanding markets

Contributor to the positional advantage of the company and long term, overall firm performance

Knack to acquire, interpret, and integrate information regarding the global competitive environment

Allows one party to use property right in exchange for payment to the other party

Antitrust laws, tax programs, minimum wage, legislation, pollution and pricing policies

Tend to possess experiential/knowledge to many cultures

Commitment from management across the organization

Competitive pressure, excess capacity, overproduction, declining home market

• Question 1

3.2 out of 3.2 points

The process of global operations management requires making a number of inner-related decisions regarding all of the following except

Answer

• Question 2

3.2 out of 3.2 points

Kaizen is a management technique that historically involves several incremental improvements to a process rather than a single overpowering improvement or change.

Answer

• Question 3

3.2 out of 3.2 points

The signs that a global business is experiencing inventory problems include all of the following except

Answer

3.2 out of 3.2 points

Identify, by checking the letters, the basic, essential steps when considering global expansion.

Answer

• Question 5

3.2 out of 3.2 points

The overall success of the business is dependent upon the [efficiency] and [effectiveness] of every function within the production process.

• Question 6

3.2 out of 3.2 points

Which is not a vital consideration for determining managerial commitment to expanding globally?

Answer

• Question 7

3.2 out of 3.2 points

The three strategic capabilities that are necessary for the development of a global operations strategy are [Global-scale] efficiency and competitiveness, [National-level] responsiveness and flexibility, and [Cross-market] capacity to leverage on a worldwide basis.

• Question 8

3.2 out of 3.2 points

Conditions for expanding into the global market include all except:

Answer

• Question 9

3.2 out of 3.2 points

The three aspects which are especially important to international expansion are location, timing, and human resources

Answer

• Question 10

3.2 out of 3.2 points

The three major principles of Total Quality Management are Customer Focus, Participation and Teamwork, Continuous Improvement and Learning.

Answer

The key components in successful operations management are efficiency and effectiveness

External environmental factors that can affect the entry of new entrants in another country can be

____________ is the ratio of output as it relates to input—the conversion of inputs or resources into outputs of merchandise or services

A major Proactive motivation factor includes

The availability of tools, such as forecasting, distribution and inventory planning, and e-commerce allow many organizational processes to be integrated across supply chains

The key factors that influence the entry mode selection are

The three aspects which are especially important to international expansion are location, timing, and scope

It is important to remember that cost savings do not only result from looking for the cheapest method but also from looking for the most efficient method

Continuous improvement, sometimes referred to as __________, is a management technique that historically involves several incremental improvements to a process rather than a single overpowering improvement or change

The ABC Classification System is used to categorize inventory items and is also known as stock keeping units (SKU’s)

What market strategy is utilized when a corporate entity needs complete control over every detail of the structure within the host country

Just-in-time production or systems is a comprehensive set of doctrines and systems founded on the philosophy that businesses should hold a large  inventory above what is necessary for immediate production or distribution

Most firms typically choose to enter into global markets from a proactive stance, but some are forced to enter the global market in a reactive stance

Typical processes within an organization include which of the following areas requiring management

Population growth is a great reference, and is always the key indicator of a strong potential market

Joint ventures usually involve an alliance where two or more companies contribute assets, which results in the formation of a new legal entity

Successful global managers have an understanding of how to appraise and adjust to the requirements of doing business in a culture different from their own

The global strategic planning process is complex but does not entail as many factors, variables, challenges, and risks as domestic strategic planning

What are the two types of entry modes available into a market

The necessary conditions for expansion into global markets include all of the following except

Total amount of products that can be produced by the entire operation in a given amount of time

Means to enhance the effectiveness of the value chain

Customer Focus, Participation and Teamwork, Continuous Improvement and Learning

Decisions controlled by home office or in foreign location

Include experts in each technical area within an organization are at horizontal in nature

The slowest process in a multistep production process that limits total output

Total amount of products that can be produced by the entire operation in a given amount of time

Greater gain comes from identifying which parts of the process is a constraint to the whole

Manage noncritical process within an organization an can contribute to nearly all aspects of an organization

Comprises the inventory planning and ordering category of inventory control

When a firm incurs unanticipated costs from underestimating foreign regulations

Quest for profit, competitive advantage, market opportunities, economies of scale, tax benefits

Gaining access to resources , cutting cost, capitalizing on special feature location, expanding markets

Contributor to the positional advantage of the company and long-term, overall firm performance

Knack to acquire, interpret, and integrate information regarding the global competitive environment

Allows one party to use a property right in exchange for payment to the other party

Antitrust laws, tax programs, minimum wage, legislation, pollution and pricing policies

Tend to possess experiential/knowledge to many cultures

Commitment from management across the organization

Competitive pressure, excess capacity, overproduction, declining home market

Direct market accession offers a firm low risk, gives them a simple way to initiate the process of entering a global market, and helps the firm meet demands and challenges

The term logistics refers to the movement of finished products, semi­finished products, components, and materials between various locations

(blank) is a significant contributor to the positional advantage of the company and is related to the long­term, overall firm performance

A disadvantage of M & A is:

The availability of tools, such as forecasting, distribution and inventory planning, and e­ commerce allow many organizational processes to be integrated across supply chains

One of the most important questions to answer when entering the global market is that of

The expectation of standardized goods and services with a corresponding level of consistency in service, quality, and performance across nations and regions signifies the trend towards global commerce

The key factors that influence the entry mode selection are

Which of the following is a strategic capability to necessitate the development of a global operations strategy?

Businesses must carefully consider the benefits, advantages, challenges, and risks involved to compete within an international market.

All of the following are capacity issues except

(blank) represent situations where a company with experience in specific business areas or industrial sectors makes personnel available to perform general or specialized management functions for another company.

The global strategic planning process is complex but does not entail as many factors, variables, challenges, and risks as domestic strategic planning

External environmental factors that can affect the entry of new entrants in another country can be

Population growth is a great reference, and is always the key indicator of a strong potential market.

All of the following are key issues of global logistics except

A franchise is an agreement that allows one party to use a property right in exchange for payment to the other party

The key components in successful operations management are efficiency and effectiveness

(blank) is the ratio of output as it relates to input—the conversion of inputs or resources into outputs of merchandise or services

The ABC Classification System is used to categorize inventory items and is also known as stock keeping units (SKU’s)

What market strategy is utilized when a corporate entity needs complete control over every detail of the structure within the host country?

In most cases, exporting and importing requires a maximum initial investment and may allow a business to develop key relationships with export/import firms (intermediaries) that will aid in ensuring success into the new market

(blank) issues include performance objectives, the degree of vertical integration, outsourcing within the supply chain, what will be measured, and how to accomplish the measurement

The necessary conditions for expansion into global markets include all of the following except:

Organizations must ensure that they do not plan hurriedly or rush into foreign markets to jump on an opportunity for quick cash

What are the two types of entry modes available into a market?

Successful global managers have an understanding of how to appraise and adjust to the requirements of doing business in a culture different from their own

A major Proactive motivation factor includes:

The Theory of Constraints (TOC) suggests that the greater gain will come from identifying which part of the process is a constraint to the whole, rather than focusing on increased output from an entire process

The greatest reactive motivation for global expansion is the prospect of global sales.

Which of the following is NOT an area of competition for business in a global market?

It is important to remember that cost savings do not only result from looking for the cheapest method but also from looking for the most efficient method

Most firms typically choose to enter into global markets from a proactive stance, but some are forced to enter the global market in a reactive stance

The process of global operations management requires making a number of inner-related decisions regarding all of the following except

The three aspects which are especially important to international expansion are location, timing, and human resources

Conditions for expanding into the global market include all except

Identify, by checking the letters, the basic, essential steps when considering global expansion

The signs that a global business is experiencing inventory problems include all of the following except

Kaizen is a management technique that historically involves several incremental improvements to a process rather than a single overpowering improvement or change

The three major principles of Total Quality Management are Customer Focus, Participation and Teamwork, Continuous Improvement and Learning

Which is not a vital consideration for determining managerial commitment to expanding globally

The overall success of the business is dependent upon the  and  of every function within the production process

The three strategic capabilities that are necessary for the development of a global operations strategy are efficiency and competitiveness, responsiveness and flexibility, and capacity to leverage on a worldwide basis

Most firms typically choose to enter into global markets from a proactive stances, but some are forced to enter the global market in a reactive stance.

Which of the following is NOT an area of competition for business in a global market?

Population growth is a great reference, and is always the key indicator of a strong potential market.

Successful global managers have an understanding of how to appraise and adjust to the requirements of doing business in a culture different from their own.

The necessary conditions for expansion into global markets include all of the following except:

The global strategic planning process is complex but does to entail as many factors, variables, challenges, and risks as domestic strategic planning.

Organizations must ensure that they do not plan hurriedly or rush into foreign markets to jump on an opportunity for quick cash.

The three aspects which are especially important to international expansion are location, timing, and scope.

What are the two types of entry modes available into a market?

A major Proactive motivation factor includes:

The expectation of standardized goods and services with a corresponding level of consistency in service, quality, and performance across nations and regions signifies the trend toward global commerce.

One of the most important questions to answer when entering the global market is that of

Direct market accession offers a firm low risk, gives them a simple way to initiate the process of entering a global market, and helps the firm meet demands and challenges.

Businesses must carefully consider the benefits, advantages challenges, and risks involved to compete within an international market.

The key factors that influence the entry mode selection are

In most cases, exporting and importing requires a maximum initial investment and may allow a business to develop key relationships with export/import firms (intermediaries) that will aid in ensuring success into the new market.

___________________ is a significant contributor to the positional advantage of the company and is related to the long-term, overall firm performance.

External environmental factors that can affect the entry of new entrants in another country can be

Which is not a vital consideration for determining managerial commitment to expanding globally?

Joint ventures usually involve an alliance where two or more companies contribute assets, which results in the formation of a new legal entity.

________________ are utilized to provide expertise to inexperiences exporters as they enter overseas markets.

A franchise is an agreement that allows one party to use a property right in exchange for payment to the other party.

_____________ represent situations where a company with experience in specific business areas or industrial sectors makes personnel available to perform general or specialized management functions for another company.

The great reactive motivation for global expansion is the prospect of global sales.

What market strategy is utilized when a corporate entity needs complete control over every detail of the structure within the host country?

which of the following is a strategic capability to necessitate the development of a global operations strategy?

 (T/F) the key components in successful operations management are efficiency and effectiveness

all of the following are capacity issues except

typical processes within an organization include which of the following areas requiring management

 (T/F) capacity, in terms of production oriented firms, refers to the total amount of products that can be produced by the entire operation in a given amount of time

 (T/F) the theory of constraints (TOC) suggests that the greaten gain will come from identifying which part of the process is a constraint to the whole, rather than focusing on increased output from an entire process

a disadvantage of M & A is

 (T/F) Kaizen, utilized from the executive levels of the firm to the line of workers is a tool used in the managing of the total production process to generate an exceptional product or service

is the ratio of output as it relates to input- the conversion of inputs or resources into outputs of merchandise or services

 (T/F) Just-in-time production or systems is a comprehensive set of doctrines and systems founded on the philosophy that businesses should hold a large inventory above what is necessary for immediate production or distribution

 (T/F) The ABC classification system is used to categorize inventory items, and is also known as stock keeping units (SKUs)

 (T/F) the term logistics refers to the movement of finished products, semi-finished products, components, and materials between various locations

continuous improvement, sometimes referred to as _______________, is a management technique that historically involves several incremental improvements to a process rather than a single overpowering improvement or change

 (T/F) strategic planning level decisions are the highest level or logistics decisions

which of the following is NOT a type of observable production-oriented waste?

all of the following are key issues of global logistics except

 (T/F) the availability of tools, such as forecasting, distribution and inventory planning and e-commerce allow many organizational processes to be integrated across supply chains

____________issues include performance objectives, the degree of vertical integration, outsourcing within the supply chain, what will we be measured, and how to accomplish the measurement

what are the three types of of demand forecasting models?

means to enhance the effectiveness of the value chain

various versions of products manufactured and distributed by a company

degree of centralization/decentralization, hierarchy, and number of echelons

the acquisition of raw materials, finished goods manufacturing, and distribution channels

greater gain comes from identifying which parts of the process is a constraint to the whole

tool used in managing of the total productions process to generate an exceptional product or service

demand forecasting, inventory management, production, procurement, transportation, warehousing

the slowest process in a multistep production process that limits total output

customer focus, participation and teamwork, continuous improvement and learning

business should hold slight or zero inventory outside what is necessary for immediate production/distibution

decisions controlled by home office or in foreign location

allows decision making authority to occur where the decisions are to be made

total amount of products that can be produced by the entire operation in a given amount of time

include experts in each technical area within an organization are at horizontal in nature

manage noncritical process within an organization and can contribute to nearly all aspects of an organization

constraint management, concurrent planning, global insight, advance warning, built in business optimization

groups machines according to their roles in the production process

comprises the inventory planning and ordering category of inventory control

set of guidelines for quality management and standards

aka Kaizen, is a management technique that historically involves several incremental improvements to a process rather than a single overpowering improvement or change

includes factors such as utilization of space for handling of materials, safety, shipping and receiving, employee movement and communication

business decision as to which nation or region in which to locate facilities has far-reaching consequences

accounting term that describes tangible property used in the operation of a business, such as buildings, machinery, fixtures, furnitures, and equipment

includes a wide range of locations, plants, warehouses, vendors, and customers that need to be managed across great distances, time zones, and cultures

decisions that cannot be take lightly, can affect a companies production, working capital, cost of borrowing and competitive position

involves the management of the process and production activities that produce the goods or services

inventory that are used in the manufacturer's conversion process to produce components, subassemblies, or finished products

has the goal to achieve maximum customer responsiveness at the least possible cost

three major principles: customer focus, participation and teamwork, and continuous improvement and learning