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GSCM 310 > Midterm quiz questions > Flashcards

Midterm quiz questions Flashcards

1
Q

CAN BRING ONE PAGE OF NOTES!!!

A

CAN BRING ONE PAGE OF NOTES!!!

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2
Q

With what does Adrian Wooldridge compare the ppl who say that the best alternative to hyper-globalization is ethnic nationalism?

A

Snakeoil Salesmen

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3
Q

According to the video in the protectionism section, what percent of Harley Davidson’s business was done in Europe in the year prev. to the video being made?

A

15%

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4
Q

According to the reading, free trade is beneficial to all countries bc each can gain if it specializes according to this economic principle:

A

Comparative advantage

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5
Q

As a result of globalization, companies now have to realize that there is a wide range of companies in countries all around the world that may have a competitive advantage that could be used in producing goods or services. In other words, globalization is an extension of the bake or fry decision beyond national borders. T/F

A

FALSE

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6
Q

According to the video on international trade, the volume of world trade today is 27x larger than it was in 1950. T/F

A

TRUE

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7
Q

For which part of the supply chain do we have to plan?

A

all above - source, make, deliver and return

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8
Q

According to the video: “Is free trade helpful or harmful for America”, which sector includes neurologists, college professors, architects, lawyers, medical researchers, and engineers?

A

The service sector

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9
Q

According to the reading, the following are all characteristics of ____________: The internationalisation of production, the new international division or labour, new migratory movements from South to North, the new competitive env. that accelerates these processes, and the internationalising of the state…making states into agencies of the world

A

Corrupt foreign practices act - and the globalization trend

CHECK WHAT ANSWER I PUT

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10
Q

According to Milton Friedman what will result in prosperity for North America?

A

Open our boundaries

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11
Q

According to Erin Meyer, two different cultures could perceive the same culture differently. T/F

A

TRUE

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12
Q

Which of the following countries has task-based trust?

A

Denmark

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13
Q

According the the Culture Map article, which country is the most explicit or low-context culture?

A

Americans

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14
Q

According to Erin Myer’s research, which of the following countries has the lowest context communication?

A

US

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15
Q

Pricewaterhouse cooeprs CEO states that the top issue in logistics was

A

Managing cultural differences with people

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16
Q

Which country has a very hierarchical leadership system according to the culture map?

A

Japan

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17
Q

In the US, the goal of most companies is to keep as many ppl employed as possible no matter what they are doing. T/F

A

FALSE

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18
Q

Which of the folowing is NOT one of Erin Myer’s eight scales for work?

A

Collaborating (write these down on my paper)

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19
Q

According to Erin Myer, what is a key attribute that a foreign manager must have to effectively lead a team consisting of cultures diff. than their own?

A

Flexibility

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20
Q

In Erin Myers ex. of working with cross cultural teams, which culture is not included?

A

Chinese (British, German and Indian are)

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21
Q

According to the video with Erin Myer you can’t start thinking about global teamwork or multi-cultural interaction unless you think about:

A

Relativity

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22
Q

According to the study done by Deloitte, what % of North American manufacturers no longer manufacture in their home mkt?

A

15%

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23
Q

What is the opposite of offshoring?

A

reshoring

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24
Q

Which of the following would be an example of offshoring?

A

Apple deciding to move IPhone product engineering from California to India

25
Q

There is significant evidence that suggests that Toyota’s manufacturing is so effective that the quality of any of their vehicles is at the same level, regardless of where it was manufactured. T/F

A

FALSE

26
Q

Which is not a positive consequence of offshoring?

A

Decreased demestic employment rates in the company’s home country

positive consequences ARE:

  • -lower raw materials costs
  • -better business operations that can operate 24/7
  • -creation of jobs in developing nations
27
Q

What is the meaning of the Japanese word “Kaizen”?

A

Improvement

28
Q

According to the video on offshoring, companies that decide to offshore in the interest of saving money always end up doing so. T/F

A

False

29
Q

Which of the following sourcing strategies results in a less complex supply chain?

A

Reshoring

30
Q

Which of the following supply chain systems is required in order for Kaizen to succeed?

A

Lean

31
Q

When many companies are evaluating suppliers: experience, cost, and comparative advantage trump effective communication 95% of the time - T/F

A

FALSE

32
Q

Due to large advances in tech., there are no longer any advantages to being in close proximity to other businesses - T/F

A

False

33
Q

Which countries represent a tech. cluster in the aerospace industry in Europe?

A

France and the UK

34
Q

One example of an instrument used in supplier selection is:

A

weighed factor analysis and decision trees

35
Q

Which of the following when implemented will minimize the ordering cost aspect of the total cost of ownership?

A

communication

36
Q

What is the name of the sign-based scheduling method that was developed by Toyota in lean manufacturing?

A

Kanban

37
Q

UPS is well known for managing the distribution of products for companies like nike and Toshiba - T/F

A

True

38
Q

Which of the following ownership strategies requires the most operational support?

A

Direct owernship

39
Q

Ultimately, which entrance strategy did Case Lawrence choose when looking to expand into international space?

A

Foreign direct investment

40
Q

Which of the following is not a desired result of conducting a PEST analysis?

A

Confirm your personal cultural schemas

ARE desired results: spot opportunities, implement appropriate practices, avoid problematic practices

41
Q

According to the PEST analysis video, which of the following constitutes a socio-cultural factor?

A

all above - national culture and values, religion, population demographics, human rights

42
Q

Hong Kong was a good initial international location for CircusTrix in part bc it allowed the company to avoid localization as much as possible - T/F

A

True

43
Q

During which phase of PEST analysis would you include research on education?

A

Socio-cultural

44
Q

From the circusTrix case, what was the professional status of Case Lawrence when he took his sons to the Giants game?

A

fighting bankruptcy

45
Q

From the CircusTrix case, when initially entering foreign markets, what name did Lawrence give to his unified, global brand?

A

Ryze

46
Q

In the PEST analysis video, which company illustrated 3 key steps to a PEST analysis in its efforts to enter the mkt. in Vietnam?

A

Rolls Royce

47
Q

For companies who choose a self-governance approach to service operations, they are always better off than outsourcing to another firm - T/F

A

False

48
Q

What is a Greenfield development?

A

A new physical location that is built from the ground up

49
Q

According to Bill Urry, walking side by side has a real power in negotiation - T/F

A

TRUE

50
Q

According to studies, there’s no proof that team negotiations are beneficial - T/F

A

FALSE

51
Q

What African proverb did Bill Urry quote?

A

When spider webs unite, they can halt even the Lion

52
Q

According to Bill Urry, what is the secret to peace?

A

The third side; us

53
Q

According to George Mitchell, what is the most diff. obstacle to overcome?

A

lack of trust

54
Q

What does Bill Urry call the surrounding community of the conflict?

A

The third side

55
Q

What does the strategy “Cope with culture clashes” mean?

A

Understand triggering factors, such as deadlines, distractions and emotional stressors to overcome cultural differences

56
Q

When making judgment calls, we rely on schemas - T/F

A

True

57
Q

_____ and ____ are essential to political stability and peace in every society

A

Hope and opportunity

58
Q

Which of the following is not one of the five keys to dealing with translators?

A

Only have a translator you’ve known for multiple years

things that are:

  • –manage and plan for translation like you would any other tactical element in dealmaking
  • –stay on guard bc some interpreters will try to take control of negotiations
  • –speak in short, bite-size chunks and pause after each one to give your interpreter a change to translate your words

GSCM 310 (3 decks)

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