Which of the following key financial ratios is calculated as Current assets/Current liabilities?
a. Inventory turnover.
b. Debt to equity.
c. Current ratio.
d. Total asset turnover.
e. Quick ratio.
Question 2Globalization strives to reduce costs by pooling production or other activities or exploiting factor costs or capabilities within a system.
Indicate whether the statement is true or false
Question 3Which of the following is not a risk of selecting a supplier in poor financial condition?
a. The supplier is unwilling to share its technical expertise with the purchaser.
b. The supplier will go out of business.
c. The supplier may not have the resources to invest in plant, equipment, or research that is necessary for longer-term technological or other performance improvements.
d. The supplier may become too financially dependent on the purchaser.
e. Financial weakness is usually an indication of other underlying problems.
Question 4Globalization is equal to standardization except in the case of the core product or the technology used to produce the product.
Indicate whether the statement is true or false
Question 5All of the following are examples of commonly used environmental performance criteria except _____.
a. disclosure of any environmental infractions
b. attainment of ISO 9000 certification
c. formal hazardous and toxic waste reduction programs exist
d. programs to control or eliminate ozone-depleting substances
e. attainment of ISO 14000 certification
Question 6The media revolution is creating a common fabric of attitudes and tastes among teenagers.
Indicate whether the statement is true or false
Question 7Which of the following is not an example of points that should be considered when evaluating a supplier's employee capabilities?
a. The degree to which employees are committed to quality and continuous improvement.
b. The overall skills and abilities of the workforce.
c. Employee morale.
d. Workforce turnover.
e. Disclosure of environmental infractions.
Question 8Segmentation is the standardization of benefits and approaches the markets on a regional basis, ignoring political boundaries.
Indicate whether the statement is true or false
Question 9Which of the following is not an example of questions that should be asked when evaluating a supplier's management capability?
a. Has management committed the supplier to TQM and continuous improvement?
b. Is management customer focused?
c. What is the willingness of employees to contribute to improved operations?
d. Does management put a priority on supply chain management?
e. What is the history of labor/management relations?
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