1. A strategic manager who implements? ________ employs the? just-in-time (JIT)
ID: 433981 • Letter: 1
Question
1. A strategic manager who implements? ________ employs the? just-in-time (JIT) concept that has a concept of parts that are purchased arrive at the plant just when the manager needs them rather than an excess of inventories at the organization.
A. parallel sourcing
B. sole sourcing
C. multiple sourcing
D. outsourcing
E. offshoring
2. A strategic manager can use all of the following to enhance an operation strategy EXCEPT? ________.
A. automatically guided vehicles
?B. CAD/CAM
C. flexible manufacturing systems
D. open innovation strategy
E. computer numerically controlled systems
3. Which of the following purchasing strategies does a strategic manager at a company use when he or she orders a particular part from several? vendors?
A.Parallel sourcing
B. Sole sourcing
C.Outsourcing
D. Multiple sourcing
E. Offshoring
4. All the following are correct statements about sole sourcing EXCEPT? ________.
A. a strategic manager who implements a sole sourcing strategy experiences more companies that have longer relationships with fewer suppliers involved in a transaction
B. a limitation of sole sourcing occurs when a supplier is unable to deliver a part and the purchaser has no alternative but to delay production of a product
C. sole sourcing reduces transaction costs and builds quality when the purchaser and supplier work together as partners rather than as adversaries
D. the limitations of sole sourcing have led to the development of parallel sourcing
E. sole? sourcing, in? practice, utilizes two different vendors to supply two particular products
5. ?________ reduces transaction costs and builds quality because the purchaser and supplier work together as? partners; whereas in? a(n) ________, two suppliers are the sole suppliers of two different parts.
A. Outsourcing; offshoring
B. Sole? sourcing; parallel sourcing
C. Multiple? sourcing; offshoring
?D. Offshoring; multiple sourcing
E. ?Outsourcing; multiple sourcing
6. A strategic manager implements? a(n) ________ strategy to gain a competitive advantage in the marketplace when he or she focuses on the flow of products into and out of the manufacturing process.
A. logistics
B. purchasing
C. financial
D. operations
?E. R&D
7. All of the following are true about logistics strategies EXCEPT? ________.
A. logistics strategy is the strategy employed to analyze corporate and? business-level financial options in organizations that compete in the marketplace today
B. to gain logistical synergies from business? units, strategic managers at corporations began to centralize logistics in the headquarters group
C. the trends related to a logistics strategy include? centralization, outsourcing, and the use of the Internet
D. a strategic manager outsources logistics to reduce costs and improve delivery time
E. a strategic manager can form centralized logistic groups that contain specialists in different transportation modes
8. All of the following are true statements about leveraged buyout? (LBO) EXCEPT? ________.
A. management of the leveraged buyout? (LBO) is under tremendous pressure to keep the highly leveraged company profitable
B. the huge amount of debt on the acquired company books might actually cause its eventual decline by focusing? management's attention on? short-term matters
C. financial performance of a typical leveraged buyout? (LBO) usually rises above the industry average in the fourth year after the leveraged buyout? (LBO)
D. the debt is paid with money generated from the acquired? company's operations or by sales of its assets
E. the acquired company pays for its own acquisition
9. All of the following are true statements about outsourcing EXCEPT? ________.
A. there are many pros and cons to outsourcing with managers increasingly focusing on? non-strategically critical parts of the business as categories for outsourcing.
B. outsourcing is the reverse of vertical integration.
C. outsourcing is purchasing a product or service externally that had been previously provided internally.
D. outsourcing is an activity or a function assigned to a wholly owned company or an independent provider in another country.
E. outsourcing is becoming an increasingly important part of the strategic? decision-making discussion.
10. All of the following errors are examples of outsourcing errors that a strategic manager strives to avoid when an outsourcing strategy is an optimum solution EXCEPT?________.
A. an error occurs in an outsourcing strategy when a strategic manager fails to keep core activities? in-house
B. the vendor was not trustworthy or the vendor lacks? state-of-the-art processes
C. companies failed to establish a balance of power in the relationship
D. qualified managers fail to manage the outsourced activity in the marketplace
E. an error occurs in an outsourcing strategy when a strategic manager plans a viable exit strategy
11. ?A(n) ________ strategy is a strategy to avoid that occurs when a strategic manager imitates the strategy of a competitor in the? marketplace; whereas a strategic manager that implements? ________ strategy achieves success when he or she pioneers a successful product and continues to search for another super product that will ensure the growth and prosperity in the organization.
A. hit another? homerun; follow the leader
B. losing? hand; follow the leader
C. follow the? leader; hit another home run
D. arms? race; do everything
E. do? everything; losing hand
12. Which of the following is the philosophy that can be traced back to? Plato, Aristotle, and Hegel that involves the combination of the two conflicting? views, called? "thesis" and? "antithesis," into a? synthesis?
A. success
B. dialectical inquiry
C. mutual exclusivity
D. internal completeness
E. internal consistency
13. Strategic managers evaluate strategic alternatives to ensure they meet all of the following criteria EXCEPT? ________.
A. mutual exclusivity
B. success
C. completeness
D. internal consistency
E. developing policies
14. All of the following are true statements about policy development EXCEPT? ________.
A. strategic managers use policies because policies define the broad guidelines to implement strategies
B. effective policies force tradeoffs between competing resource demands
C. policies set unclear boundaries to the employees whereas policies grant the freedom to experiment with? out-of-the box concepts within those corporate constraints
D. policies are effective because they test the strategic soundness of a particular action
E. policies provide guidance for decision making and actions throughout the corporation
Explanation / Answer
1. A strategic manager who implements? ________ employs the? just-in-time (JIT) concept that has a concept of parts that are purchased arrive at the plant just when the manager needs them rather than an excess of inventories at the organization.
D. outsourcing
2. A strategic manager can use all of the following to enhance an operation strategy EXCEPT? ________.
D. open innovation strategy
3. Which of the following purchasing strategies does a strategic manager at a company use when he or she orders a particular part from several? vendors?
D. Multiple sourcing
4. All the following are correct statements about sole sourcing EXCEPT? ________.
E. sole? sourcing, in? practice, utilizes two different vendors to supply two particular products
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