BUSI 303 Quiz 4

Liberty BUSI 303 Quiz 4 Answers

  1. 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.
  2. Which of the following is NOT an area of competition for business in a global market?
  3. is a significant contributor to the positional advantage of the company and is related to the long‐term, overall firm performance.
  4. A disadvantage of M & A is:
  5. All of the following are key issues of global logistics except
  6. The necessary conditions for expansion into global markets include all of the following except:
  7. Organizations must ensure that they do not plan hurriedly or rush into foreign markets to jump on an opportunity for quick cash.
  8. 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
  9. The three aspects which are especially important to international expansion are location, timing, and scope.
  10. Which of the following is NOT a type of observable production‐oriented waste?
  11. The availability of tools, such as forecasting, distribution and inventory planning, and e‐commerce allow many organizational processes to be integrated across supply chains.
  12. 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.
  13. What market strategy is utilized when a corporate entity needs complete control over every detail of the structure within the host country?
  14. 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.
  15. All of the following are capacity issues except
  16. Businesses must carefully consider the benefits, advantages, challenges, and risks involved to compete within an international market.
  17. Typical processes within an organization include which of the following areas requiring management:
  18. Which is not a vital consideration for determining managerial commitment to expanding globally?
  19. 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.
  20. External environmental factors that can affect the entry of new entrants in another country can be
  21. Match the following

Total Quality Management (TQM)

Global outsourcing/KANBAN clusters

Principles of Total Quality

Locus of Decisions

Cross‐functional teams

Operational bottleneck

Capacity

Theory of Constraints

3PLs

MRP

National Regulations

Proactive

Expanding into the global marketplace

Market Orientation

Competitor knowledge competence

License

Political constraints

Global Managers

Successful International Expansion

Reactive

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