MANA 1301 FINAL CH 11-14 QUESTIONS WELL ANSWERED LATEST UPDATE 2025
Co-determination is used by companies when there is no labor union present among employees.
T/F - Answers False
US companies who do business with foreign companies that employ child slaves are
automatically punishable in US courts under the standards set by the United Nations
International Labor Org(ILO). T/F - Answers FALSE
A computer programmer from India continues to receive his or her Mumbai, India base salary
and is kept on the Indian operation's balance sheet. Then the company adds various allowances
for cost of living, housing, education to this base salary so that the employee's overall standard
of living while working in the company's London, England office will be the same as his or her
standard of living in Mumbai thus would be an example of the balance sheet approach. T/F -
Answers True
Why might Poland be a good country to open an operation for a business that needs a large
available labor supply?
a. the unemployment rate in Poland has been very high since the 2008 recession.
b. The female labor force participation rate in Poland is extremely low.
c. The cost of living in Poland is the lowest in the world.
d. More than 15 percent of Poles work in agriculture. - Answers ?a?
Which of the following statements regarding tech implications on human resource mgmt is true?
a.Companies based in North America are far more likely to have at least some operations in
other countries than in the past.
b.The role of human resources and those who manage such resources has become less
important in today's global economy.
c.Green marketing initiatives have created what some call a "Kermit economy".
d.Corporate accountants and human resource managers now fulfill more strategic, knowledge-
based functions. - Answers ?not a?
The United States-Mexico-Canada Free Trade Agreement (USMCA), was renegotiated in 2020 by
the Trump admin due to an increased traffic at the southern border of the United States. T/F -
Answers False
Product counterfeiting occurs when a company in a foreign country copies an American product
and sells it as the "real thing" without the U.S. marketer receiving any compensation. T/F -
Answers True
,The prices a company charges its overseas subsidiaries are known as transfer prices. T/F -
Answers True
Agents for companies shipping products overseas who are chiefly involved with physical
distribution activities and documentation are called freight forwarders. T/F - Answers True
Changes in the broader economic environment, such as a rise in interest rates, can affect
market potential. T/F - Answers True
Goldman Sachs estimates that the world's middle class is shrinking worldwide. T/F - Answers
False
Business to Business (B:) and Business to Consumer (B:C) channels are both represented in
consumer markets. T/F - Answers False
Which type of potential refers to the total number of units of a product that could possibly be
sold by all companies doing business in a specific international market?
a. Market potential
b. Sales potential
c. Vertical Potential
d. Horizontal potential - Answers a.market potential
Market research is particularly important for companies with a high client turnover. T/F -
Answers True
Ironically, customer complaints can sometimes result in improved customer service. T/F -
Answers True
As the case of Blockbuster indicates, products that have reached the decline stage in domestic
markets are unsustainable in emerging markets as well. T/F - Answers False
One advantage of global procurement is that the firm can maximize its flexibility by allocating
its orders among suppliers in a dynamic way and the firm has access to more suppliers that can
generally provide lower costs than domestic suppliers. T/F - Answers True
A major advantage of making components and raw materials in-house is that the firm is not
required to honor protections of intellectual property. T/F - Answers False
Airbus is an example of a global company employing a manufacturing system. T/F - Answers
True
The activities in operations mgmt can be grouped into four business functions: procurement,
production, logistics, and research and development. T/F - Answers True
, The property of ERP systems to handle the accounting standards of multiple countries is called
the multi-currency property. T/F - Answers False
In operations management, the acquisition of goods and services is referred to logistics. T/F -
Answers False
A supply chain encompasses all the activities associated with the flow and transformation of
goods and services from raw materials to the end user. T/F - Answers True
The practice of producing components ad raw materials in-house and purchasing them from
suppliers is referred to as a supply-chain malfunction. T/F - Answers False
When considering the one-versus-many location for production facilities for components and
raw materials some of the most important considerations are: fixed costs, minimum efficient
scale and its comparison to demand, and the value-to-weight ratio. T/F - Answers True
In which type of production system do dervices dominate the value of the product?
a. Production
b. Manufacturing
c. Service
d. Component - Answers c. Service
What is the process of a company subcontracting a certain production function to a third party
called?
a. offshoring
b. exporting
c. importing
d. outsourcing - Answers d.
All of the following are true about power distance EXCEPT which statement?
a. Denmark and the Netherlands are low-power distance countries.
b. Workplaces high in power distance tend to have more centralized workplace decision-making
structures.
c. In countries with high power distance, employees may address their bosses by their first
names.
d. In low-power distance countries, it is common to establish workplace employee committees
Co-determination is used by companies when there is no labor union present among employees.
T/F - Answers False
US companies who do business with foreign companies that employ child slaves are
automatically punishable in US courts under the standards set by the United Nations
International Labor Org(ILO). T/F - Answers FALSE
A computer programmer from India continues to receive his or her Mumbai, India base salary
and is kept on the Indian operation's balance sheet. Then the company adds various allowances
for cost of living, housing, education to this base salary so that the employee's overall standard
of living while working in the company's London, England office will be the same as his or her
standard of living in Mumbai thus would be an example of the balance sheet approach. T/F -
Answers True
Why might Poland be a good country to open an operation for a business that needs a large
available labor supply?
a. the unemployment rate in Poland has been very high since the 2008 recession.
b. The female labor force participation rate in Poland is extremely low.
c. The cost of living in Poland is the lowest in the world.
d. More than 15 percent of Poles work in agriculture. - Answers ?a?
Which of the following statements regarding tech implications on human resource mgmt is true?
a.Companies based in North America are far more likely to have at least some operations in
other countries than in the past.
b.The role of human resources and those who manage such resources has become less
important in today's global economy.
c.Green marketing initiatives have created what some call a "Kermit economy".
d.Corporate accountants and human resource managers now fulfill more strategic, knowledge-
based functions. - Answers ?not a?
The United States-Mexico-Canada Free Trade Agreement (USMCA), was renegotiated in 2020 by
the Trump admin due to an increased traffic at the southern border of the United States. T/F -
Answers False
Product counterfeiting occurs when a company in a foreign country copies an American product
and sells it as the "real thing" without the U.S. marketer receiving any compensation. T/F -
Answers True
,The prices a company charges its overseas subsidiaries are known as transfer prices. T/F -
Answers True
Agents for companies shipping products overseas who are chiefly involved with physical
distribution activities and documentation are called freight forwarders. T/F - Answers True
Changes in the broader economic environment, such as a rise in interest rates, can affect
market potential. T/F - Answers True
Goldman Sachs estimates that the world's middle class is shrinking worldwide. T/F - Answers
False
Business to Business (B:) and Business to Consumer (B:C) channels are both represented in
consumer markets. T/F - Answers False
Which type of potential refers to the total number of units of a product that could possibly be
sold by all companies doing business in a specific international market?
a. Market potential
b. Sales potential
c. Vertical Potential
d. Horizontal potential - Answers a.market potential
Market research is particularly important for companies with a high client turnover. T/F -
Answers True
Ironically, customer complaints can sometimes result in improved customer service. T/F -
Answers True
As the case of Blockbuster indicates, products that have reached the decline stage in domestic
markets are unsustainable in emerging markets as well. T/F - Answers False
One advantage of global procurement is that the firm can maximize its flexibility by allocating
its orders among suppliers in a dynamic way and the firm has access to more suppliers that can
generally provide lower costs than domestic suppliers. T/F - Answers True
A major advantage of making components and raw materials in-house is that the firm is not
required to honor protections of intellectual property. T/F - Answers False
Airbus is an example of a global company employing a manufacturing system. T/F - Answers
True
The activities in operations mgmt can be grouped into four business functions: procurement,
production, logistics, and research and development. T/F - Answers True
, The property of ERP systems to handle the accounting standards of multiple countries is called
the multi-currency property. T/F - Answers False
In operations management, the acquisition of goods and services is referred to logistics. T/F -
Answers False
A supply chain encompasses all the activities associated with the flow and transformation of
goods and services from raw materials to the end user. T/F - Answers True
The practice of producing components ad raw materials in-house and purchasing them from
suppliers is referred to as a supply-chain malfunction. T/F - Answers False
When considering the one-versus-many location for production facilities for components and
raw materials some of the most important considerations are: fixed costs, minimum efficient
scale and its comparison to demand, and the value-to-weight ratio. T/F - Answers True
In which type of production system do dervices dominate the value of the product?
a. Production
b. Manufacturing
c. Service
d. Component - Answers c. Service
What is the process of a company subcontracting a certain production function to a third party
called?
a. offshoring
b. exporting
c. importing
d. outsourcing - Answers d.
All of the following are true about power distance EXCEPT which statement?
a. Denmark and the Netherlands are low-power distance countries.
b. Workplaces high in power distance tend to have more centralized workplace decision-making
structures.
c. In countries with high power distance, employees may address their bosses by their first
names.
d. In low-power distance countries, it is common to establish workplace employee committees
