AIMA Assignments International Business IB06



Question 1:- Which of the following statements best characterizes delivery reliability?  
a)   A company that always delivers on the same day of the week                       
b)   A company that always delivers at the promised time                       
c)   A company that delivers more frequently than its competitors                       
d)   A company that delivers faster than its competitors                       

Question 2:- Which of the following is the best example of competing on low-cost leadership? 
a)   A firm produces its product with less raw material waste than its competitors                 
b)   A firm offers more reliable products than its competitors                       
c)   A firm's products are introduced into the market faster than its competitors'                       
d)   A firm's research and development department generates many ideas for new products                       

Question 3:- Which of the following is an example of competing on quick response?      
a)   Firm produces its product with less raw material waste than its competitors                       
b)   A firm offers more reliable products than its competitors                        
c)   A firm's products are introduced into the market faster than its competitors'                       
d)   A firm's research and development department generates many ideas for new products                       

Question 4:- Which of the following influences layout design?   
a)   Capacity needs                       
b)   Personnel levels                       
c)   Purchasing decisions                       
d)   All of the above influence layout decision                       

Question 5:- The fundamental purpose for the existence of any organization is described by its
a)   Policies                       
b)   Mission                       
c)   Procedures                       
d)   Strategy                       

Question 6:- The fundamental purpose of an organization's mission statement is to        
a)   Create a good human relations climate in the organization                       
b)   Define the organization's purpose in society                       
c)   Define the operational structure of the organization                       
d)   Generate good public relations for the organization                       

Question 7:- Which of the following statements concerning the operations management decision is relevant to services?               
a)   There are many objective quality standards.                       
b)   The customer is not involved in most of the process.                       
c)   The work force's technical skills are very important.                       
d)   Labor standards vary depending on customer requirements.                       

Question 8:- Which of these organizations is likely to have the most important inventory decisions?       
a)   A marketing research firm                       
b)   A lobbying agency                       
c)   A management consulting firm                       
d)   A restaurant                       

Question 9:- The PIMS program has identified   
a)   The operations decisions all organizations must make                        
b)   The distinctive competencies any company needs                       
c)   The characteristics of firms with high "ROI"                       
d)   all of the above                       

Question 10:- Which of the following is not one of the five PIMS characteristics of high Return on Investment organizations?  
a)   High product quality                       
b)   High capacity utilization                       
c)   Low investment intensity                       
d)   All of the above are PIMS characteristics                       

Question 11:- Optimizing capacity would be most appropriate for which stage in the product life cycle? 
a)   introduction                       
b)   Growth                       
c)   Maturity                       
d)   Decline

Question 12:- Standardization is an appropriate strategy in which stage of the product life cycle?              
a)   Introduction                       
b)   Growth                       
c)   Maturity                       
d)   Decline                       

Question 13:- Cost minimization is an appropriate strategy in which stage of the product life cycle?         
a)   Introduction                       
b)   Growth                       
c)   Maturity                       
d)   Decline                       

Question 14:- Which of the following is true about business strategies?
a)   An organization should stick with its strategy for the life of the business.                       
b)   All firms within an industry will adopt the same strategy.                       
c)   Well defined missions make strategy development much easier.                       
d)   Strategies are formulated independently of SWOT analysis.                       

Question 15:- Which of the following preconditions does not affect the formulation of an OM strategy?               
a)   Knowledge of each product's life cycle                       
b)   External economic and technological conditions                       
c)   The company's employment benefits                       
d)   Competitors' strengths and weaknesses                       

Question 16:- Which of the following is not a key way in which business organizations compete with one-another?         
a)   Production cost                       
b)   Quality                       
c)   Product duplication                       
d)   Flexibility                        

Question 17:- A strategy is a(n) 
a)   Set of opportunities in the marketplace                       
b)   Broad statement of purpose                       
c)   Simulation used to test various product line options                       
d)   Action plan to achieve the mission                       

Question 18:- Which of the following is an example of competing on the basis of differentiation?             
a)   A firm manufactures its product with less raw material waste than its competitors.                       
b)   A firm's products are introduced into the market faster than its competitors'.                       
c)   A firm's distribution network routinely delivers its product on time.                       
d)   A firm offers more reliable products than its competitors.                       

Question 19:- Which of the following statements best characterizes delivery speed?      
a)   A company that uses airlines, not trucks, to move its goods                       
b)   A company that delivers frequently                       
c)   A company that delivers faster than its competitors                       
d)   A company that always delivers on the promised due date                       

Question 20:- Response-based competitive advantage can be   
a)   Flexible response                       
b)   Reliable response                       
c)   Quick response                       
d)   All of the above                       

Question 21:- Which of these organizations is most apt to have quality standards that are relatively objective?  
a)   University                       
b)   A discount retailer                       
c)   A law firm                        
d)   A car manufacturer                       

Question 22:- Which of the following is not an operations decision?        
a)   maintenance                       
b)   price                       
c)   layout design                       
d)   quality                       

Question 23:- Which of these companies is most apt to have quality standards that are relatively subjective?     
a)   Chrysler                       
b)   Dell Computer                        
c)   Sanyo Electronics                       
d)   Harvard University                       

Question 24:- Which of the following will more likely locate near their customers?           
a)   an automobile manufacturer                       
b)   an aluminum manufacturer                       
c)   an insurance company headquarters                       
d)   a medical clinic                       

Question 25:- Which of the following activities takes place once the mission has been developed?          
a)   The firm develops alternative or back-up missions in case the original mission fails.                       
b)   The functional areas develop their functional area strategies.                       
c)   The functional areas develop their supporting missions.                       
d)   The ten OM decision areas are prioritized.                       

Question 26:- Which of the following statements about organizational missions is false 
a)   They reflect a company's purpose.                       
b)   They indicate what a company intends to contribute to society.                       
c)   They are formulated after strategies are known.                       
d)   They define a company's reason for existence.                       

Question 27:- The impact of strategies on the general direction and basic character of a company is        
a)   Short ranged                       
b)   Medium range                       
c)   Long range                        
d)   Temporal                       

Question 28:- Which of the following is true?     
a)   Corporate mission is shaped by functional strategies.                       
b)   Corporate strategy is shaped by functional strategies.                        
c)   Functional strategies are shaped by corporate strategy.                       
d)   External conditions are shaped by corporate mission                       

Question 29:- According to the authors, which of the following strategic concepts allow firms to achieve their missions?               
a)   Productivity, efficiency, and quality leadership                       
b)   Differentiation, cost leadership, and quick response                       
c)   Differentiation, quality leadership, and quick response                       
d)   Distinctive competency, cost leadership, and experience                       


Question 30:- A firm can effectively use its operations function to yield competitive advantage via all of the following except 
a)   Customization of the product                       
b)   Set equipment utilization goals below the industry average                       
c)   Speed of delivery                       

d)   Constant innovation of new products