Firms to outsource their production to the suppliers

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Reference no: EM132228202

1. Which one is NOT a benefit for firms to outsource their production to the suppliers?

A) Production costs can be reduced because of economies of scale. B) Demand uncertainty can be transferred to suppliers. C) Firms can respond to customers more efficiently. D) Firms can lead the innovation in the outsourced activity.

2. In the ramp-up stage, the gross margin is higher and the demand is more uncertain. Which one will be the best strategy for the HP network printer?

A) HP differentiates the products for the markets of North America and Europe at the early stage of production. B) HP uses push-based strategy to meet customer demand. C) HP uses universal power supply to postpone the product differentiation. D) HP uses transshipment strategy to fulfill demand at different markets.

3. Identify the one INCORRECT statement regarding project Risk Management.

a. Risk management is the responsibility of everyone on the project.

b. A risk contingency plan is not executed if the risk never happens.

c. The risk register is the "log" of all risks - open or closed.

d. A risk mitigation strategy is used to clean up after the risk has happened.

e. The owner of a risk is responsible for watching over and/or resolving the risk.

4. Identify the one correct statement regarding project integration management.

a. Experienced project managers know that there is always a single "best way" to manage a project.

b. At the start of a project, the project manager and project team must decide which of the process groups they want to use for that particular project.

c. Project integration management involves the integration of all 5 of the process groups [e.g. IPECC] since all 5 need to be used on every type of project to some degree. d.

d. Project integration management is important since none of the process groups or knowledge areas generally interact together.

Reference no: EM132228202

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