Operations Management: Creating Value Along the Supply Chain 2nd Canadian Edition by Roberta S. Russ
Section Reference: 1.2 The Evolution of Operations and Supply Chain Management
Blooms: Knowledge
AACSB: Reflective Thinking
14. The process of producing high-volume, standardized products for a large market is known as craft production.
Answer: False
Difficulty: Medium
Learning Objective: Discuss how and why businesses operate globally and the roles and the roles China and India play in the current global market.
Section Reference: 1.3 Globalization
Blooms: Comprehension
AACSB: Reflective Thinking
15. The European Union requires that strict quality and environmental standards be met before companies can do business with member countries.
Answer: True
Difficulty: Medium
Learning Objective: Discuss how and why businesses operate globally and the roles and the roles China and India play in the current global market.
Section Reference: 1.3 Globalization
Blooms: Knowledge
AACSB: Reflective Thinking
16. Globalization has affected both manufacturing and service operations.
Answer: True
Difficulty: Easy
Learning Objective: Discuss how and why businesses operate globally and the roles and the roles China and India play in the current global market.
Section Reference: 1.3 Globalization
Blooms: Knowledge
AACSB: Reflective Thinking
17. Two-thirds of today’s businesses operate globally.
Answer: True
Difficulty: Medium
Learning Objective: Discuss how and why businesses operate globally and the roles and the roles China and India play in the current global market.
Section Reference: 1.3 Globalization
Blooms: Knowledge
AACSB: Reflective Thinking
18. China is reshaping the way firms compete globally.
Answer: True
Difficulty: Easy
Learning Objective: Discuss how and why businesses operate globally and the roles and the roles China and India play in the current global market.
Section Reference: 1.3 Globalization
Blooms: Knowledge
AACSB: Reflective Thinking
19. Globalization requires that firms compete on cost and not quality, speed, or flexibility.
Answer: False
Difficulty: Medium
Learning Objective: Discuss how and why businesses operate globally and the roles China and India play in the current global market.
Section Reference: 1.3 Globalization
Blooms: Knowledge
AACSB: Reflective Thinking
20. Globalization of the supply chain for many products has many pros and few, if any, cons.
Answer: False
Difficulty: Medium
Learning Objective: Discuss how and why businesses operate globally and the roles China and India play in the current global market.
Section Reference: 1.3 Globalization
Blooms: Comprehension
AACSB: Reflective Thinking
21. A major challenge and opportunity for many firms is the globalization of the supply chain.
Answer: True
Difficulty: Easy
Learning Objective: Discuss how and why businesses operate globally and the roles China and India play in the current global market.
Section Reference: 1.3 Globalization
Blooms: Knowledge
AACSB: Reflective Thinking
22. Productivity increases enable a nation to raise its standard of living.
Answer: True
Difficulty: Easy
Learning Objective: Calculate and interpret productivity measures used for measuring competitiveness.
Section Reference: 1.4 Productivity and Competitiveness
Blooms: Knowledge
AACSB: Reflective Thinking
23. A nation’s productivity is unrelated to its standard of living.
Answer: False
Difficulty: Easy
Learning Objective: Calculate and interpret productivity measures used for measuring competitiveness.
Section Reference: 1.4 Productivity and Competitiveness
Blooms: Knowledge
AACSB: Reflective Thinking
24. Productivity is the most common measure of competitiveness.
Answer: True
Difficulty: Easy
Learning Objective: Calculate and interpret productivity measures used for measuring competitiveness.
Section Reference: 1.4 Productivity and Competitiveness
Blooms: Knowledge
AACSB: Reflective Thinking
25. Single factor productivity compares output to an individual input.
Answer: True
Difficulty: Medium
Learning Objective: Calculate and interpret productivity measures used for measuring competitiveness.