Reference no: EM132266043
1. How can firms protect themselves against misrepresentation?
By creating an equity alliance with the partnering company
By desisting from forming any kind of alliance with other firms
By partnering only with trustworthy individuals and firms
By partnering only with start-ups
2. Research suggests that prescriptive problem-solving strategies are useful because
too much structure decreases uncertainty to the point of removing all challenge from discussion.
most task-oriented groups spend a little over 20 percent of their time talking about the task.
any method of group problem solving is better than no method at all.
most group members need rigid structure.
3. The industries most affected by economic distance are those for which ________.
the demand for products is very elastic
the supply for products is very stable
the administrative distance is the lowest
the geographic distance is the highest
4. An operations strategy which recognizes high carrying costs and lower ordering costs will result in:
unchanged order quantities
slightly decreased order quantities
greatly decreased order quantities
slightly increased order quantities
greatly increased order quantities
5. A point which is outside of the lower control limit on an R-chart:
is an indication that no cause of variation is present
should be ignored because it signifies better than average quality
should be investigated because an assignable cause of variation might be present
should be ignored unless another point is outside that limit
is impossible since the lower limit is always zero
6. Dairy items, fresh fruit and newspapers are items that:
do not require safety stocks
cannot be ordered in large quantities
are subject to deterioration and spoilage
require that prices be lowered every two days
have minimal holding cos
7. When purchases are made in higher quantity than normal to take advantage of quantity discounts, the _________________________________________ .
ordering costs increase and inventory carrying costs increase
ordering costs increase and inventory carrying costs decrease
ordering costs decrease and inventory carrying costs increase
ordering costs decrease and inventory carrying costs decrease
overall costs decrease
8. The quality control improvement tool that resembles a "fishbone" is ________.
brainstorming
check sheets
Pareto analysis
cause-and-effect diagrams
fail-safe methods