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MAN 4504 Quiz 1 (Ch 1 & 2) | Questions and Answers | Florida State College at Jacksonville

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MAN 4504 Quiz 1 (Ch 1 & 2) | Questions and Answers | Florida State College at Jacksonville

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Competing on cost is

A.
based upon flexibility.

B.
concerned with uniqueness.

C.
achieving maximum value as perceived by the customer.
Your answer is correct.

D.
concerned with reliability of scheduling.


What is the difference between a multinational corporation (MNC) and an international business?

A.
For the multinational firm, the business done outside the country is especially significant.
Your answer is correct.

B.
The international business has been in existence longer than the multi-national firm.

C.
There is no difference.

D.
The international business has sites in a larger number of countries.
Which of the following is NOT one of the factors that fosters specialization and worldwide supply chains?

A.
specialized expert knowledge

B.
cheaper transportation

C.
instant communication
Your answer is not correct.

D.
marketing

, SWOT analysis refers to

A.
strengths, opponents, weaknesses, and threats.

B.
strengths, opportunities, weaknesses, and threats.
Your answer is correct.

C.
support, opponents, weaknesses, and threats.

D.
support, opportunities, weaknesses, and threats.



Which of the following is NOT one of the four reasons that we study OM?

A.
It is one of the three major functions of any organization.

B.
It is such a costly part of an organization.

C.
We want to know how goods and services are produced.

D.
We want to understand what marketing managers do.


The creation of goods and services is referred to as:

A.
design.

B.
formation.

C.
transformation.

D.
production.

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