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Exam 14: Global Production,Outsourcing,and Logistics

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Question 21

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Which of the following is a major efficiency benefit of flexible machine cells?

A) Improved capacity utilization
B) Increase in work in progress
C) Larger inventories
D) Product standardization across markets

E) A) and B)
F) C) and D)

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Question 22

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_____,or reductions in unit costs as plant output expands,are achieved because of greater utilization of capital equipment and the productivity gains that come with specialization of employees within the plant.

A) Minimum efficient scale
B) Production cost curve
C) Maximum efficient scale
D) Economies of scale

E) A) and C)
F) All of the above

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Question 23

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Because of formal and informal trade barriers and the uncertainties of the world's current floating exchange rate regime,several automobile companies have established _____ manufacturing operations in three major regional markets.

How can improved quality control reduce costs for a firm?

For the typical manufacturing enterprise,_____ costs account for between 50 and 70 percent of revenues,depending on the industry.

_____,one of the American consultants credited with developing TQM,argued that management should embrace the philosophy that mistakes,defects,and poor-quality materials are not acceptable and should be eliminated.

A firm that enters long-term alliances maximizes its strategic flexibility by the commitments it makes to its alliance partners.

Which of the following was pioneered by Japanese firms during the country's remarkable economic transformation during the 1960s and 1970s?

Under _____,Deming believed that achieving better quality requires the commitment of everyone in the company.

Which of the following technological changes have made most of the proprietary solutions to implement EDI systems obsolete?

Vertical integration in the manufacture of component parts increases an organization's scope,and the resulting increase in organizational complexity can raise a firm's cost structure.Which of the following is NOT a reason for this?

What is total quality management (TQM)? What are the steps that should be part of any TQM program? A.V.Feigenbaum.This philosophy was widely adopted,first by Japanese companies and then American companies during the 1980s and early 1990s.Deming identified a number of steps that should be part of any TQM program.He argued that management should embrace the philosophy that mistakes,defects,and poor-quality materials are not acceptable and should be eliminated.He suggested that the quality of supervision should be improved by allowing more time for supervisors to work with employees and by providing them with the tools they need to do the job.Deming recommended that management should create an environment in which employees will not fear reporting problems or recommending improvements.He believed that work standards should not only be defined as numbers or quotas,but should also include some notion of quality to promote the production of defect-free output.He argued that management has the responsibility to train employees in new skills to keep pace with changes in the workplace.In addition,he believed that achieving better quality requires the commitment of everyone in the company.

Why does a product's value-to-weight ratio affect location decisions?

What is a grouping of various types of machinery,a common materials handler,and a centralized cell controller called?

Production and logistics are closely linked since a firm's ability to perform its production activities efficiently depends on a timely supply of high-quality material inputs,for which logistics is responsible.

Discuss the overall objectives of international firms in terms of production and logistics.

Which of the following is a source of improvement in the capabilities of foreign factories?

When a product serves universal needs it can be produced at a single,optimal location.

When is decentralization of manufacturing appropriate?

For global organizations,formal and informal trade barriers have no influence on location decisions.