QUESTION 1
Which of the following best describes the "economic" definition of operations?
The purpose of operations is to make money |
||
The purpose of operations is to add value for customers |
||
The purpose of operations is to transform inputs into outputs that exceed the number of inputs |
||
The purpose of operations is to achieve and then extend the efficient frontier |
QUESTION 2
Which of the following terms best describes foreign direct investment?
Direct investing in, controlling, and managing value added activities in other countries |
||
Direct investing in, controlling, and managing value added activities in other markets |
||
Direct investing in shares of multinational enterprises |
||
All of the above |
QUESTION 3
Which of the following is an intangible asset?
Human resources and capabilities |
||
Reputation resources and capabilities |
||
Innovation resources and capabilities |
||
All of these above are intangible assets |
QUESTION 4
Culture is defined in the text as?
The communication between members of similar locations |
||
The collective programing of the mind, which distinguishes the members of one group or category of people from another |
||
The rapid rise in the percent of the population employed in information jobs is because productivity declines in other sectors of the economy have spurred demand for information services |
||
The main component of formal institutions |
QUESTION 5
The United States of America represents about _______ percentage of the world’s population.
44% |
||
.04% |
||
14% |
||
4.4% |
QUESTION 6
The government taking a “hands-off approach” is known as:
Forecasting |
||
Command Economy |
||
Laissez Faire |
||
The Who Cares Approach |
QUESTION 7
Democracy is defined as a(n) __________ in which citizens elect representatives to govern the country on their behalf.
Economic System |
||
Political System |
||
Legal System |
||
Legion System |
QUESTION 8
Turning over an organizations activity to an international firm is also called?
Captive Sourcing |
||
Inshoring |
||
Outsourcing |
||
Offshoring |
QUESTION 9
This is a condition or circumstance that makes stake holders require above and beyond current value of that capital.
Currency Risk |
||
Currency Fear |
||
Currency Impact |
||
Currency Deflation |
QUESTION 10
The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity is known as?
Competitive advantage |
||
Comparative advantage |
||
Cooperative advantage |
||
The professor skipped this on the review sheet so I feel like I am not responsible for knowing it. |
QUESTION 11
The United States allows all products, from any other country to be imported without limits.
True
False
QUESTION 12
As an American you can freely travel and spend money in any country in the world you want.
True
False
QUESTION 13
All resources and assets must be tangible for a company to be valuable.
True
False
QUESTION 14
Examples of an emerging economies are the Cayman Islands and Aruba.
True
False
QUESTION 15
A favorable balance of trade is when you import more than you export.
True
False
QUESTION 16
A trade deficit is when you export more than you import.
True
False
QUESTION 17
During our classroom ethics discussion the pivotal discussion was about possibly stolen tires?
True
False
QUESTION 18
The US Mint has never printed a $500 bill and it is not legal US tender currently.
True
False
QUESTION 19
The extra compensation that you receive for working abroad is known as an International Premium.
True
False
QUESTION 20
Ethics does not come into play in a global economy because they are different in each country.
True
False
Answer 1. The purpose of operations is to transform inputs into outputs that exceed the number of inputs.
reason- Operation is to operate on the inputs such that the resulting output is greater than input.
Answer 2. Direct investing in, controlling, and managing value added activities in other countries
reason- FDI is the direct investment, controlling and managing a firm in a foreign country. Investing in shares is known as foreign portfolio investment
Answer 3. All of these above are intangible assets
reason- Intangible assets cannot be physically seen but atill adds to the assets of a firm like human resources, innovation capabilities etc.
Answer 4. The collective programing of the mind, which distinguishes the members of one group or category of people from another
reason- Culture includes every aspect of life which makes us different from the other group of people it includes food, festivals, language etc.
Note-According to HOMEWORKLIB RULES first four parts can be answered.
QUESTION 1 Which of the following best describes the "economic" definition of operations? The purpose of...
Question 5 "Free Trade" (with no barriers) is considered to be better than "No Trade" if it guarantees a more efficient reallocation of available economic resources within each economy, and between all economies involved in this trade. Question 5 options: True False Question 6 (10 points) Which of the following is an example of government intervention in the free trade, without a directly associated increase in government revenues? Question 6 options: A tariff on an imported product. A tax on...
Question 1 (3.111 points) Which statement is NOT true of economic model building? a) Economic models always reach verifiable results. b) Adding more complexity to models does not always provide greater insights. C) Economic models provide generalizations about economic behavior. d) There may be exceptions to economic models. Question 5 (3.111 points) Individuals do not experience opportunity costs unless external costs occur. a) True Ob) False Question 24 (3.111 points) The national income and product accounts are released quarterly to...
Question 144 pts Dutch Disease is associated with a dramatic decline in the demand for a primary commodity produced by a country. True False Flag this Question Question 154 pts The Heckscher-Olin model uses differences in factor abundance to determine whether any nation has a comparative advantage in any good. True False Flag this Question Question 164 pts According to the Ricardian model, the source of comparative advantage is: differences in the fields of research and development in a country....
can anyone please answer the questions? it's about Management Decisions class. Thank you so much!! 21 in the RBV are defined as the table and intangible that a fim controls that it can use to conceive and implement les A) Management controls B) Capabilities C) Resources D) Compensation policies 22) area subset of a firm's resources and are defined as tangible and intangible assets that enable a firm to take full advantage of other resources it controls A) Retained earnings...
QUESTION 3 10 points Save Answer Select all that are true regarding Quantitative Easing (QE): The risks of QE include uncertainty over inflation expectations since it has never been done and it involves massive increases in the money supply, a lack of incentives to borrow since interest rates are so low for so long, and a disincentive for banks to lend due to regulatory uncertainty QE is expressly designed to depreciate the domestic currency via increases in the supply of...
1. Which of the following is "not" a key component of strategy execution? a. niche marketing b. supportive organizational structure c. staffing d. strengthen core competencies 2. The effective allocation of key resources is critical to managing internal operations. a. true b. false 3. Which of the following is "not" a good question to evaluate whether or not a company has effective leadership? a. is the company meeting its' targets - financial and marketing? b. does the company have a...
LinkThere are two major types of economic systems which try to best satisfy the scarcity problem. All economic systems suffer the combined existence of scarce resources and unlimited wants. One system is the command system which organizes the economy under state control. The government owns property and depends on central planning for resource allocation. Its biggest proponent was Karl Marx. It suffered two profound problems which are the coordination and the incentive problem Capitalism, conversely relies on economic freedom markets...
Answer NO Question Which of the following is not the responsibility of an operations manager? a. acquiring financial resources managing inventories planning production d. scheduling production was a radical change in manufacturing organization which made equipment with complex parts a. division of labor b. scientific management c. interchangeable parts d. craft production In the recent time, there has been a major paradigm shift in the way consumers and business operate. This is motivated by a) Internet Revolution b) Globalization c)...
Please help me answer theses practice questions QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...
Question No: 1 True or False Questions: (7x1=7 Marks) Answer all (Write in box “True or False “ ) Managerial accounting is a field of accounting that provides economic and financial information for managers and other internal users. ( ) The income statements of a merchandising company and a manufacturing company same in the cost of goods sold section. ( ) Job order Costs are assigned to different job or batch, key feature are each...