Ops400 Module 3: Mastery Exercise

Ops400 Module 3: Mastery Exercise

Question
Question 1
The World Trade Organization increases tariffs on goods exchanged between countries.

True

False

1 points

Question 2
Which country is NOT a member of the EU?

Portugal

Spain

France

Uruguay
1 points

Question 3
Critical success factors are those factors that are vital to achieving competitive advantage.

True

False

1 points

Question 4
Once an organization has established its mission, strategy and its implementation can begin.

True

False

1 points

Question 5
A strategy is

a functional area of the firm.

the goal that is to be achieved.

an action plan to achieve a mission.

the purpose for which an organization is established.
1 points

Question 6
Typically one would expect to find the same management techniques and philosophies in all countries.

True

False

1 points

Question 7
An operations manager would probably make the decision to lower productive capacity for a product entering which phase of the product life cycle?

Decline

Introduction

Growth

Maturity
1 points

Question 8
Use of foreign markets allows manufacturers to expand the life cycle of their products.

True

False

1 points

Question 9
Firms achieve missions by cost leadership, quick response, or differentiation.

True

False

1 points

Question 10
One of the benefits of globalization is that a company may learn about new markets for its products.

True

False