Archives: Quiz
978-0134731889 Test Bank Chapter 11 Part 2
35) In the pricing schedule for marginal unit quantity discounts, A) the average cost of a unit decreases at a breakpoint. B) the average cost of a unit increases at a breakpoint. C) the marginal cost of a unit decreases […]
978-0134731889 Test Bank Chapter 11 Part 1
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 11 Managing Economies of Scale in a Supply Chain: Cycle Inventory 11.1 True/False Questions 1) Cycle inventory exists because producing or purchasing in large lots allows a stage of the […]
978-0134731889 Test Bank Chapter 10 Part 2
34) A manufacturer with significant market power should use A) two-part tariffs and volume discounts to achieve coordination. B) lot-size-based quantity discounts to achieve coordination. C) forward-buying with retail coupons to achieve coordination. D) liquidators and reverse-buying to achieve coordination. […]
978-0134731889 Test Bank Chapter 10 Part 1
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 10 Coordination in a Supply Chain 10.1 True/False Questions 1) Supply chain coordination requires each stage of the supply chain to take into account the impact its actions have on […]
978-0134731889 Test Bank Chapter 09 Part 2
44) In general, as the fraction of increased demand coming from forward buying grows, offering the promotion during the peak demand period becomes A) less attractive. B) more attractive. C) more profitable. D) less significant. Answer: A Diff: 2 Topic: […]
978-0134731889 Test Bank Chapter 09 Part 1
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 9 Sales and Operations Planning: Planning Supply and Demand in a Supply Chain 9.1 True/False Questions 1) Predictable variability is change in demand that cannot be forecasted. Answer: FALSE Diff: […]
Chapter 08 A Poor Aggregate Plan Can Result In
Scenario 8.3 — Mousetraps A company faces the aggregate planning problem shown in the table below. Cost of regular production is $15 per unit, the cost of producing the same unit on overtime is $22.50, the cost of subcontracting is […]
978-0134731889 Chapter 08 Gang Aft Agley A Manufacturing Company
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 8 Aggregate Planning in a Supply Chain 8.1 True/False Questions 1) The goal of aggregate planning is to satisfy demand in a way that minimizes profit. Answer: FALSE Diff: 1 […]
978-0134731889 Test Bank Chapter 07 Part 2
37) What is the trend component of Holt’s model for period 0? A) -2.5 B) 10.3 C) 2.5 D) 6.4 Answer: B Diff: 3 Topic: 7.3: Time-Series Forecasting Methods AACSB: Analytical thinking Objective: LO 7.3: Forecast demand using time-series methodologies […]
978-0134731889 Test Bank Chapter 07 Part 1
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 7 Demand Forecasting in a Supply Chain 7.1 True/False Questions 1) The forecast of demand forms the basis for all strategic and planning decisions in a supply chain. Answer: TRUE […]
978-0134731889 Test Bank Chapter 06 Part 2
36) A negative NPV (net present value) for an option indicates that the option will A) gain money for the supply chain. B) lose money for the supply chain. C) maximize profit for the supply chain. D) minimize profit for […]
978-0134731889 Test Bank Chapter 06 Part 1
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 6 Designing Global Supply Chain Networks 6.1 True/False Questions 1) Decisions made during the supply chain design phase regarding significant investments in the supply chain, such as the number and […]
978-0134731889 Test Bank Chapter 05 Part 2
46) Which of these is considered a hard infrastructure requirement? A) Utilities B) Community receptivity to business C) Availability of skilled labor D) Workforce turnover Answer: A Diff: 2 Topic: 5.3: Framework for Network Design Decisions AACSB: Application of knowledge […]
978-0134731889 Test Bank Chapter 05 Part 1
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 5 Network Design in the Supply Chain 5.1 True/False Questions 1) Supply chain network design decisions include the location of manufacturing, storage, or transportation-related facilities and the allocation of capacity […]
978-0134731889 Test Bank Chapter 04 Part 2
18 38) What type of distribution network is shown in this diagram? A) Distributor storage with carrier delivery B) Manufacturer/distributor storage with customer pickup C) Distributor storage with last-mile delivery D) Manufacturer storage with direct shipping Answer: D Diff: 2 […]
978-0134731889 Test Bank Chapter 04 Part 1
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 4 Designing Distribution Networks and Applications to e-Business 4.1 True/False Questions 1) Distribution occurs between every pair of stages in the supply chain. Answer: TRUE Diff: 2 Topic: 4.1: Factors […]
978-0134731889 Test Bank Chapter 03 Part 2
30) ________ typically measures the cost of bringing product into a facility as a percentage of sales or cost of goods sold (COGS). A) Average outbound transportation cost B) Average inbound transportation cost C) Average incoming shipment size D) Average […]
978-0134731889 Test Bank Chapter Part 1
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 3 Supply Chain Drivers and Metrics 3.1 True/False Questions 1) Cash to case (C2C) is the duration of time from when cash enters the process as cost to when it […]
978-0134731889 Test Bank Chapter 02 Part 2
27) The curve that shows the lowest possible cost for a given level of responsiveness is referred to as the A) supply chain responsiveness curve. B) supply chain efficiency curve. C) cost-responsiveness efficient frontier. D) responsiveness spectrum. Answer: C Diff: […]
978-0134731889 Test Bank Chapter 02 Part 1
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 2 Achieving Strategic Fit in a Supply Chain 2.1 True/False Questions 1) A company’s competitive strategy defines the set of customer needs that it seeks to satisfy through its products […]
978-0134731889 Test Bank Chapter 01 Part 2
27) The objective of the customer order arrival process is to A) get the correct orders to customers by the promised due date at the lowest possible cost. B) maintain a record of product receipt and complete payment. C) maximize […]
978-0134731889 Test Bank Chapter 01 Part 1
Supply Chain Management: Strategy, Planning, and Operation, 7e (Chopra) Chapter 1 Understanding the Supply Chain 1.1 True/False Questions 1) A supply chain could be more accurately described as a supply network or supply web. Answer: TRUE Diff: 1 Topic: 1.1: […]
978-0134729534 Test Bank Chapter 15 Part 2
13 42) What are the primary advantages and disadvantages to establishing a franchise system (from the franchisor’s point of view)? Answer: There are two primary advantages to franchising. First, early in the life of an organization, capital is typically scarce, […]
978-0134729534 Test Bank Chapter 15 Part 1
1 Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 15 Franchising 1) Uptown Cheapskate, the company profiled in the opening feature of Chapter 15, was started by Chelsea and Scott Sloan. According to the feature, Chelsea and Scott decided to […]
978-0134729534 Test Bank Chapter 14 Part 2
12 39) ________ growth strategies rely on establishing relationships with third parties, such as mergers, acquisitions, strategic alliances, joint ventures, licensing, and franchising. A) Internal B) Domestic C) Outside D) External E) Peripheral Answer: D Diff: 1 LO: 14.4: Discuss […]
978-0134729534 Test Bank Chapter 14 Part 1
1 Copyright © 2019 Pearson Education, Inc. Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 14 Strategies for Firm Growth 1) Filtereasy, the company profiled in the opening feature of Chapter 14, provides a monthly subscription service for ________. A) […]
978-0134729534 Test Bank Chapter 13 Part 2
13 Copyright © 2019 Pearson Education, Inc. 42) For a business to be successful in the early growth stage of the organizational life cycle, the two important things that must happen are ________. A) the founder or owner of the […]
978-0134729534 Test Bank Chapter 13 Part 1
Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 13 Preparing for and Evaluating the Challenges of Growth 1) MATI Energy, the company profiled in the opening feature of Chapter 13, sells energy drinks based on guayusa, a Latin American plant. […]
978-0134729534 Test Bank Chapter 12 Part 2
12 37) ________ marks are similar to ordinary trademarks, but they are used to identify the services or intangible activities of a business rather than a business’s physical product. A) Creative B) Intangible C) Examination D) Service E) Subtle Answer: […]
978-0134729534 Test Bank Chapter 12 Part 1
Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 12 The Importance of Intellectual Property 1) The opening feature focuses on 3Derm Systems, a company that makes a device that takes 3D images of the human skin. The central form of […]
978-0134729534 Test Bank Chapter 11 Part 2
39) A firm’s ________, in the context of its marketing mix, is the good or service it offers to its target market. A) conception B) idea C) formation D) product E) invention Answer: D Diff: 1 LO: 11.3: Identify and […]
978-0134729534 Test Bank Chapter 11 Part 1
1 Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 11 Unique Marketing Issues 1) Real Time Cases, the company profiled in the opening feature in Chapter 11, sells live business cases for classroom use. According to the case, which of […]
978-0134729534 Test Bank Chapter 10 Part 2
38) Venture capital firms are ________ of money managers who raise money in “funds” to invest in startups and growing firms. A) limited partnerships B) finance associations C) consortiums D) collations E) strategic partnerships Answer: A Diff: 2 LO: 10.5: […]
Chapter 10 The Three Primary Reasons Startups Need Funding Are ________
Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 10 Getting Financing or Funding 1) Kinvolved, the company profiled in the opening feature of Chapter 10, is an EdTech startup that involves an app to track student absences. The company was […]
978-0134729534 Test Bank Chapter 09 Part 2
12 33) James Williams is the Chief Operating Officer of a startup in the health food industry. He is also a member of his firm’s board of directors. In board of directors terminology, James is a(n) ________ director. A) inside […]
978-0134729534 Test Bank Chapter 09 Part 1
1 Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 9 Building a New-Venture Team 1) The fact that companies often falter because the people who start the firms can’t adjust quickly enough to their new roles and because the firm […]
978-0134729534 Test Bank Chapter 08 Part 2
12 39) A(n) ________ is a snapshot of a company’s assets, liabilities, and owners’ equity at a specific point in time. A) income statement B) statement of cash flows C) effectiveness statement D) balance sheet E) efficiency statement Answer: D […]
978-0134729534 Test Bank Chapter 08 Part 1
1 Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 8 Assessing a New Venture’s Financial Strength and Viability 1) For Essentium Materials, the company profiled in the opening feature in Chapter 8, an essential financial metric is to work to […]
978-0134729534 Test Bank Chapter 07 Part 2
12 37) Partnerships are organized as either ________ or ________ partnerships. A) specific; general B) narrow; broad C) inward; outward D) general; limited E) partial; full Answer: D Diff: 2 LO: 7.4: Identify and describe the different forms of organization […]
978-0134729534 Test Bank Chapter 07 Part 1
1 Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 7 Preparing the Proper Ethical and Legal Foundation 1) Billy Goat Ice Cream, the company profiled in the opening feature in Chapter 7, is a ________. A) limited liability corporation B) […]
978-0134729534 Test Bank Chapter 06 Part 2
12 Copyright © 2019 Pearson Education, Inc. 44) There is an emerging school of thought that opposes the idea of writing a business plan and advocates experimentation and trial-and-error learning gleaned through customer feedback and formal planning. How does the […]
978-0134729534 Test Bank Chapter 06 Part 1
Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 6 Writing a Business Plan 1) Athletic Propulsion Labs, the company profiled in the opening feature of Chapter 6, makes athletic shoes that give the wearer extra bounce. One of factors that […]
978-0134729534 Test Bank Chapter 05 Part 2
39) Brain Sentry is starting a firm in the small industry that helps football teams discern whether a player has suffered a concussion. This industry is still so new that no standard operating procedures have been developed. The industry Brain […]
978-0134729534 Test Bank Chapter 05 Part 1
Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 5 Industry and Competitor Analysis 1) WriteLab, the company profiled in the opening feature of Chapter 5, believes it has created a barrier to entry to enable it to maintain a leadership […]
978-0134729534 Test Bank Chapter 04 Part 2
39) A company’s ________ scope defines the products and markets on which it will concentrate. A) product/market B) offering/industry C) business/market D) business/industry E) offering/market Answer: A Diff: 2 LO: 4.3: Explain the components of the Barringer/Ireland Business Model Template […]
978-0134729534 Test Bank Chapter 04 Part 1
Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 4 Developing an Effective Business Model 1) IndieU is the focus of the opening feature of Chapter 4. Connecting college students with new indie artists and putting it in the students’ hands […]
978-0134729534 Test Bank Chapter 03 Part 2
13 41) ________ feasibility analysis is an assessment of the overall appeal of the industry and market for the product or service being proposed. A) Institutional B) Financial C) Organizational D) Product/service E) Industry/target market Answer: E Diff: 1 LO: […]
978-0134729534 Test Bank Chapter 03 Part 1
1 Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 3 Feasibility Analysis 1) Owlet Baby Care, the company profiled in the opening feature of Chapter 3, produces a “smart sock” that can be used to monitor a baby via an […]
978-0134729534 Test Bank Chapter 02 Part 2
40) An individual who identifies a business idea on his or her own is referred to as a(n) ________ entrepreneur. A) separate B) functional C) lone D) individual E) solo Answer: E Diff: 2 LO: 2.3: Discuss the personal characteristics […]
978-0134729534 Test Bank Chapter 02 Part 1
1 Entrepreneurship: Successfully Launching New Ventures, 6e (Barringer/Ireland) Chapter 2 Recognizing Opportunities and Generating Ideas 1) Wiivv, the company profiled in the opening feature of Chapter 2, is in the 3D printing business of footwear insoles. To manufacture the insoles, […]