Test Bank for Managing Supply Chain and Operations

Managing Supply Chain and Operations An Integrative Approach Second Edition S.Thomas Foster Scott Sampson Cindy Wallin Scott Webb New York, NY Test Bank for Managing Supply Chain and Operations Mahesh Srinivasan 1 / 4

1 Copyright © 2018 Pearson Education, Inc.Managing Supply Chain and Operations, 2e (Foster) Chapter 1 Introduction to Supply Chain and Operations Management

1.1 Understand Why You Are Studying Supply Chain and Operations Management

1) When a company moves its production to another country it is known as

• nearsourcing.
• insourcing.
• offshoring.
• onboarding.

Answer: C

Diff: Easy

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Application of Knowledge

2) The recent development where General Motors moved the production of some cars from Michigan to China can be described as

• insourcing.
• offshoring.
• onboarding.
• nearsourcing.

Answer: B

Diff: Moderate

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Reflective Thinking

3) The administration of transformation processes that create value for customers by meeting their needs or enabling them to meet their own needs is known as

• supply chain management.
• operations management.
• change management.
• process management.

Answer: B

Diff: Moderate

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Application of Knowledge

4) The cooperation between different firms to create value for customers is known as

• supply chain management.
• operations management.
• change management.
• process management.

Answer: A

Diff: Easy

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Application of Knowledge 2 / 4

2 Copyright © 2018 Pearson Education, Inc.5) The function in any business that is responsible for managing and investing the resources of the firm is

• accounting and finance.
• supply chain management.
• marketing.
• human resources.

Answer: A

Diff: Easy

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Application of Knowledge

6) The function in any business that is responsible for designing, managing, and improving processes that lead to customer satisfaction and delight is

• accounting and finance.
• supply chain and operations management.
• marketing.
• human resources.

Answer: B

Diff: Easy

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Application of Knowledge

7) The act of executing and controlling the productive functions of a firm is known as

• process design.
• process management.
• process control.
• process improvement.

Answer: B

Diff: Moderate

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Application of Knowledge

8) The act of monitoring a process for its efficacy, a process that includes dimensions such as cost, timeliness, or quality is known as

• process design.
• process management.
• process control.
• process improvement.

Answer: C

Diff: Easy

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Application of Knowledge

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3 Copyright © 2018 Pearson Education, Inc.9) The sale of the same product with another trademark in different countries is known as

• licensing.
• subsidiary.
• franchising.
• joint venture.

Answer: A

Diff: Moderate

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Application of Knowledge

10) The mechanism that a U.S. corporation can use to allow foreign firms to sell in restricted markets while using the original design is

• franchising.
• joint venture.
• licensing.
• subsidiary.

Answer: C

Diff: Moderate

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Application of Knowledge

11) Geographically moving the production of a component or product to a supplier closer from where it was originally produced is known as

• nearsourcing.
• insourcing.
• outsourcing.
• onboarding.

Answer: A

Diff: Easy

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Application of Knowledge

12) The recent development where Apple announced that it was moving production of some Mac computers to the United States from China can be described as

• insourcing.
• outsourcing.
• onboarding.
• nearshoring.

Answer: D

Diff: Moderate

Learning Obj.: LO 1.1: Understand Why You Are Studying Supply Chain and Operations Management

AACSB: Reflective Thinking

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