SCM chapter 10 - clicker questions and quiz

When a number of interconnected companies and institutions from a particular field are located in a single geographic location; that location is referred to as?

Business Cluster

Which of the following would be considered a "quality-of-life" issue in making a global location decision?

Community Safety

A country that imposes high tariffs encourages foreign-based companies to import goods.

False

An import can only occur inside the borders of your home country and an export can only occur outside the borders of your home country.

False

Two models that utilize quantitative data, to help determine the attractiveness of one location versus another, are the Break-Even Model and the Extrapolated Average Cost Model.

False

If a company wanted to import materials duty-free, for use in the production of their end items, and then export them to other countries, they would most likely utilize?

Foreign Trade Zone

Which global facility type describes a factory set-up primarily to produce products at a low cost with minimal technical and managerial resources?

Offshore Factory

Which global facility type describes a factory set up in an area with an abundance of advance suppliers, competitors, and research facilities?

Outpost Factory

A right-to-work law allows employees to decide for themselves whether or not they want to join or financially support a union.

True

The WTO is the only global international organization dealing with the rules of trade between nations.

True