114. The government of Lithaya placed a large order for buses with Blue Ace Inc., a
manufacturing company in Lodesia. In return, it asks the company to subcontract some work to
Lithayan manufacturers. This is an example of a(n) _____ in international business.
115. Which of the following statements is true about strategic alliances with suppliers?
116. Which of the following is a drawback of entering into strategic alliances with independent
suppliers?
117. The arrangement of strategic alliances with suppliers was pioneered by the:
118. Which of the following is a disadvantage of a firm that enters long-term alliances?
119. Which of the following is an objective of logistics?
120. Which of the following was pioneered by Japanese firms during that country’s remarkable
economic transformation during the 1960s and 1970s?
121. _____ refers to a logistics system designed to deliver parts to a production process as
they are needed, not before.
122. The basic philosophy behind just-in-time (JIT) inventory systems is to:
123. Which of the following is true about firms using just-in-time (JIT) inventory system?
124. Which of the following increase(s) under just-in-time (JIT) inventory system?
125. A major cost saving from just-in-time inventory systems comes from:
126. Under a more traditional system as opposed to a just–in-time inventory system,
warehousing parts for weeks before they are used:
127. The drawback of a just–in-time inventory system is that it:
128. Which of the following is a consequence of using just–in-time inventory systems?
129. One way to reduce the risks associated with a global supply chain that operates on just–
in-time principles is to:
130. Firms now typically use _____ via the Internet to coordinate the flow of materials into
manufacturing, through manufacturing, and out to customers.
131. Which of the following allows suppliers, shippers, and the purchasing firm to
communicate with each other via the Internet with no time delay?
132. Geminia System, manufacturer of car components, wants to set up a system that will
help in sending invoices to its customers once orders for input supply are placed. Which of the
following should the company use to perform this function?