Archives: Quiz

A(n) ________ is any individual, group, or organization outside a firm that seeks to reduce the level of that firm’s performance. A) environmental threat B) environmental opportunity C) environmental equalizer D) competitive advantage Answer: A ________ is a form of […]

If a firm’s resources and capabilities are costly to imitate because imitating firms may not understand the relationship between the resources and capabilities controlled by a firm and that firm’s competitive advantage, this competitive advantage is said to be protected […]

Which of the following statements regarding competitive parity and competitive advantage is accurate? A) Some firms develop valuable, rare, and costly-to-imitate resources and capabilities in being efficient second movers, that is, in rapidly imitating and improving on the product and […]

The strategic management process is a sequential set of analyses and choices that can increase the likelihood that a firm will choose a good strategy that generates competitive advantages. Answer: A decision-making setting is uncertain when the future value of […]

Productive inputs are any supplies used by a firm in conducting its business activities. Answer: Firms selling differentiated products face a horizontal demand curve. Answer: FALSE If a resource or capability is valuable and rare but not costly to imitate, […]

Increased worker specialization associated with higher levels of production can lead to worker de-motivation and diseconomies of scale. Answer: While mergers typically begin as a transaction between equals, that is, between firms of equal size and profitability, they often evolve […]

Most accounting measures of divisional performance focus on long-term benefits and minimize the possibility of a short-term bias. Answer: In principle, only the CEO and the president report to the board of directors while other senior managers report only to […]

When acquiring a publicly traded firm a bidder has to release all the information it has about the potential value of that target in combination with itself. Answer: To the extent that a board of directors begins to operate a […]

Operational, functional, strategic, and cultural differences between bidding and target firms can all be compounded by the merger and acquisition process especially if that process was unfriendly. Answer: Sophisticated software can enhance the value that customers receive from a personal […]

Mergers and acquisitions designed to create vertical integration should be managed through the M-form structure. Answer: When less than 90 percent of a firm’s revenues are generated in a single product market and when a firm’s business share few, if […]

One of the most compelling reasons for firms to begin operations outside their domestic markets is to refine their current core competencies and to develop new core competencies. Answer: Learning race dynamics are particularly common in relations among large, well-established […]

Most technological developments in an industry are diffused throughout firms in that industry in a relatively brief period of time, but only if the technology in question has not been patented. Answer: The aging of the “baby boomer” generation in […]

As a firm increases in size, it often increases in complexity; however, the ability of managers to control and operate the firm efficiently are virtually unlimited and therefore costs do not substantially increase. Answer: High volumes of production are also […]

An emerging industry is an industry in which a large number of small or medium-sized firms operate and no small set of firms has a dominant market share or creates dominant technologies. Answer: The five forces framework is based on […]

Each division in an M-form organization typically adopts a matrix structure and the division general manager takes on the role of senior project executive. Answer: A multinational strategy exploits all the advantages of both international integration and local responsiveness. Answer: […]

Learning curve-cost advantages are restricted solely to manufacturing and the advantage associated only with the manufacturing business function. Answer: Liquidity ratios are ratios that focus on the firm’s ability to meet its short-term financial obligations. Answer: TRUE More recent work […]

Explain how big-box retailers are logistical trendsetters. Answer: Compare and contrast the fragmented and unified logistical organizational structures. Answer: In a fragmented logistics structure, logistics activities are managed in multiple departments throughout an organization. In such a structure, it is […]

How can logistics managers attempt to control pilferage? Answer: Classifications are based on both cost and value of service. From the carriers’ standpoint, how has cost of service changed? Answer: At a minimum, the cost of service is changed in […]

What are some ways in which the Transportation Security Administration is attempting to improve the security of the U.S. transportation system? Answer: What would be the total annual cost of maintaining the components inventory under the JIT system (assuming no […]

Define and explain how organizations might engage in benchmarking. Answer: Explain the relevance of aisle width in warehouse design. Answer: As aisle space increases, the storage capacity of a facility decreases; for example, narrow aisles can store 20-25 percent more […]

What is a carrier performance scorecard? How might it be used by a transportation manager? Answer: Discuss some of the ethical issues that are associated with procurement. Answer: Areas of ethical concern in procurement include gift giving and receiving; bribes […]

Discuss the concept of stockout costs. How can a stockout cost be calculated? Answer: How can warehouses control their energy usage in terms of design, lighting, and roofing considerations? Answer: With respect to design, facilities might be positioned so that […]

Contrast procurement’s historical focus to its more strategic orientation today. Answer: Why is the carrier selection process less straightforward than the modal selection process? Answer: There are several reasons why the carrier selection process is less straightforward than the modal […]

Potential logistics social responsibility dimensions include the environment, diversity, safety, and philanthropy, among others. Answer: Logistical decisions tend not to be impacted by marketers’ growing emphasis on offering sustainable products. Answer: False Office automation systems provide effective ways to process […]

Communication with employees is more important for facility closings than for facility relocations. (False) Answer: First and foremost, procurement’s objectives must manage the purchasing process effectively and efficiently. Answer: False Order information is checked for completeness and accuracy in the […]

There are suggestions that consultant fees for ERP implementations may be three times as costly as the software itself. Answer: In vendor-managed inventory, the size and timing of replenishment orders are the responsibility of the manufacturer. Answer: True Leagility refers […]

Supply chain integration tends to be more challenging in global, as opposed to domestic, supply chains. Answer: When taking an activity-based costing approach, firms consider all the costs that can be assigned to the acquisition, use, and maintenance of a […]

Ease of handling is one of the four factors used to determine a product’s freight classification. Answer: The nature of the product can affect the level of customer service that should be offered. Answer: True Best in Class companies tend […]

Warehouses emphasize the rapid movement of products through a facility and attempt to maximize throughput. Answer: The effective and efficient use of information allows organizations to either reduce costs or improve customer satisfaction. Answer: False Sweatshops are organizations that exploit […]

Transportation consolidation has been described as the “last frontier” of logistics savings opportunities. Answer: There are four possible ways to transmit orders. Answer: False Internal sources of logistics information are not always as plentiful as might be desired. Answer: True […]

With respect to supply chains, relevancy focuses on an organization’s ability to respond to changes in demand with respect to volume and variety. Answer: Bottleneck refers to the low importance, low complexity category of Kraljic’s Portfolio Matrix. Answer: False It […]

A broker is a type of intermediary often associated with the negotiations channel. Answer: National holidays have no impact on the effectiveness and efficiency of international logistics. Answer: False Global positioning implementations often pay for themselves within six months. Answer: […]

Application-specific software is a type of decision support system. Answer: Agglomeration refers to the net advantages that can be gained by a sharing of common locations by various enterprises. (True) Answer: True Most package labeling takes place at the end […]

Fifty pounds is a significant weight in many logistics systems because it represents the approximate weight at which there is a noticeable increase in injuries. Answer: Many grocery chains target in-stock rates of 90 percent for individual stores so that […]

Complementary products can be defined as inventories that can be used or distributed together, such as razor blades and razors. Answer: A contemporary procurement manager might have responsibility for reducing cycle times and for generating additional revenues by collaborating with […]

In terms of ABC analysis of inventory, no more than 25% of items should be classified as “A’s.” Answer: The level and degree of transportation regulation varies from country to country. Answer: True Continuous improvement refers to a process that […]

Population can be viewed as both a market for goods and a potential source of labor. (True) Answer: The Supply Chain Operations Reference (SCOR) model identifies five key processes associate with supply chain management. Answer: False Throughput is the amount […]

The U.S. railroad industry is dominated by four freight carriers. Answer: Because customer needs and wants change relatively quickly, supply chains should be fast and lean. Answer: False As a general rule, companies prefer to carry less inventory as the […]

What is a punch list? a. Items that must be completed prior to contract completion b. A stencil for punching holes in steel c. A System for collecting accurate field information for a contract status report d. A form used […]

Which listed procedure should be followed to accomplish a change in work that must be executed immediately? a. The designer should immediately provide supplemental instructions to the contractor b. The owner should immediately request a proposal, then promptly negotiate the […]

The field office would typically accomplish which of the following tasks? a. Qualify bidders b. Obtain progress and record photos c. Prepare project cost estimate d. Prepare project schedule e. None of the above Answer: Which of the following trades […]

A structural steel column collapses and is found to have been undersized. Which project participant would most likely be liable for this mistake? a. Owner b. Designer c. Constructor d. Structural steel worker e. All of the above Answer: Which […]

Which defense would a private employer likely assert if an employee files a tort claim for invasion of privacy and the employer has adopted an Internet and computer use policy that states that the employer can monitor an employee’s work […]

Which international agreement or treaty shifted the main forum for rulemaking for copyrights from the World Intellectual Property Organization (WIPO) to the World Trade Organization (WTO)? a. Berne Convention b. Universal Copyright Convention c. Trade Related Aspects of International Property […]

Personal jurisdiction refers to jurisdiction over the nature of the case and the type of relief sought. a. True b. False Answer: PHI is the acronym for personal health information. a. True b. False Answer: False The Fair and Accurate […]

Cybersquatting is the act of reserving a domain name on the Internet with intent to profit by selling or licensing the name to the company that has an interest in being identified with it. a. True b. False Answer: Improperly […]

Obviousness can arise in the context of a patent application or in the context of a patent infringement action. a. True b. False Answer: Match the type of patent listed in Column 1 to its description in Column 2. Answer: […]

The Red Flag Rule is a rule adopted under the Gramm-Leach-Bliley Act that requires financial institutions and creditors to develop and put into operation written identity theft prevention programs. Answer: One of the challenges for plaintiffs involving tort claims with […]

The unit manager is consistently advocating for self-awareness among the psychiatric”mental health nursing staff in order to promote quality care. From which theoretical base is the unit manager operating? 1. Jean Watson’s theory of human caring 2. Dorothea Orem’s theory […]

A group leader states that he respects the competence and responsibility of members of the group but gets annoyed when one of the group members “takes over” a group meeting. The group leader is demonstrating the interpersonal need for: 1. […]