25) The following is one of the potential advantages of globalization A) Languag

Question

25) The following is one of the potential advantages of globalization A) Language barriers B) Currency risk C) Different Laws and regulations D) Different business cultures E) Avoid trade barriers 26) The Geographic Information System provide the following A) Detailed census data B) Detailed maps C) Utilities D) Geographic features E) All the above 27) Outsourcing: A) transfers traditional intemal activities to outside vendors B) utilizes the efficiency that comes with specialization C) allows the outsourcing firm to focus on its key success factors. D) All of the above is true of outsourcing E) None of the above is true of outsourcing. 28) How can a reduction of in-transit inventory be encouraged? A) supplier location near plants B) high setup costs C) low carrying costs D) use of trains, not trucks E) low-cost, global suppliers 29) Design capacity refers to: A) The capacity to design B) Maximum output rate under ideal conditions C) Minimum output rate under ideal conditions D) Maximum output rate under normal conditions E) Minimum output rate under normal conditions 30) Effective utilization is calculated by applying the following formula A) (Actual Input / Effective capacity )100% B) (Actual Input / Design capacity ) 100% C) (Actual Output / Effective capacity )100% Actual Output / Design capacity )100% E) (Actual Input / Actual Output) 100%

Explanation / Answer

25.

E

The trade barriers come down in globalization as countries enter into free trade agreements.

26.

E

The GIS provides different types of information related to the particular geographical area.

27.

D

Outsourcing involves networking with specialized firms, focus upon core competencies and inviting vendors to perform non-core activities.

28.

A

Location of suppliers near the plant will reduce the in-transit inventory and suppliers will deliver the supplies quickly.

29.

B

The maximum output level at the ideal condition is referred as design capacity.

30.

D

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