Question 1

Zanda Corp.has always operated within one country.It is contemplating opening production facilities in another country.Zanda should realize:
A)Production processes used domestically should work well in a different country.
B)The means of motivating the workforce domestically may not work well in a different country.
C)The technology used domestically is often the best to use in a different country.
D)The same business model that is used domestically should apply to the foreign country.

Accepted Answer

Different countries have different cultural norms, values, and beliefs. Thus, the means of motivating the workforce domestically may not work well in a different country. It is important for companies to adapt to the cultural norms of the foreign country to effectively motivate and manage their workforce.

Question 2

Which aspect of the business model is most affected by the recent advent of such companies as HelloFresh, Plated, Blue Apron or Starbuck's Reserve?
A)Key customer
B)Value Proposition.
C)Capabilities.
D)Environment.

Accepted Answer

The recent advent of companies such as HelloFresh, Plated, Blue Apron or Starbuck's Reserve has affected the value proposition aspect of the business model the most. These companies offer convenient meal delivery services, high-quality ingredients with recipes, and a unique culinary experience, which is changing the way customers perceive the value of food delivery and meal kits. Therefore, companies in the food industry need to adapt and innovate to stay competitive in the market.

Question 3

Which of the following terms best describes the impact of sustainability initiatives on the business model?
A)Sustainability affects primarily the capabilities offered by the supply chain.
B)Sustainability helps the firm to change its value proposition.
C)Sustainability impacts primarily the customers that we serve.
D)Sustainability affects the entire business model.

Accepted Answer

Sustainability initiatives have a broad impact on the entire business model, from sourcing and production to distribution and customer service. These initiatives require companies to rethink their strategies, operations, and stakeholder relationships, and to integrate sustainability considerations into every aspect of their business. Therefore, option D is the best choice.

Question 4

Smart phones communicating with each other and being used to collect, exchange and analyze data is an example of which of the following developments?
A)Cyber Security.
B)Artificial Intelligence.
C)Smart Computing.
D)Internet of Things.

Accepted Answer

The scenario described is an example of the Internet of Things, where multiple devices (smart phones) are connected and exchanging data. Cyber security relates to securing these devices and data, artificial intelligence refers to software or machines that can learn and adapt, and smart computing is a broad term that encompasses many related technologies.

Question 5

When a company such as Patagonia makes sustainability a critical development and embeds it visibility in advertising or in its activities, we see an example of sustainability operating at which of the following levels?
A)Sustainability as Public Relations.
B)Sustainability as cost minimization.
C)Sustainability as business model.
D)Sustainability as company mantra.

Accepted Answer

When a company makes sustainability a part of its business model and integrates it into its operations and marketing strategies, it operates at the level of sustainability as a business model. This goes beyond just cost minimization or public relations, and becomes a core value and objective of the company. Patagonia is an example of this, as they not only prioritize sustainability in their products and production processes, but also use their platform to educate consumers and advocate for environmental protection.

Question 6

Which of the following factors was most responsible for the breakdown of the Daimler-Benz/Chrysler merger?
A)Technology incompatibility
B)Lack of sustainability
C)Cultural incompatibility
D)Different languages

Accepted Answer

Cultural incompatibility played a major role in the breakdown of the Daimler-Benz/Chrysler merger. The two companies had different corporate cultures, management styles, and communication methods, which created significant challenges and conflicts. This ultimately led to a breakdown in trust and cooperation between the two companies, which undermined the potential benefits of the merger. While technology incompatibility and language differences may have also been factors in the breakdown, cultural differences were the primary driver. Lack of sustainability is not a factor that specifically contributed to the breakdown of the merger.

Question 7

It is anticipated in the future that firms will be better able to identify the location of their vehicles and to monitor their condition using which of the following developments?
A)Cyber Security.
B)Artificial Intelligence.
C)Smart Computing.
D)Internet of Things.

Accepted Answer

The Internet of Things (IoT) is a system of interconnected computing devices, machines, and objects that are embedded with unique identifiers and have the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. With IoT, firms can track the location and monitor the condition of their vehicles in real-time, making it easier to manage their fleets and ensure they are functioning optimally.

Question 8

Which of the following best describes organizational culture?
A)Organizational culture is easy to change.
B)Organizational culture is readily identified.
C)Organizational culture is becoming less important in today's environment (due to factors such as downsizing and outsourcing).
D)Organizational culture is critical to long-term success.

Accepted Answer

Organizational culture refers to the shared values, beliefs, and assumptions that guide behavior within an organization. It is critical to long-term success because it shapes employee attitudes and behaviors, impacts organizational performance, and influences how individuals interact within the organization. While organizational culture can be difficult to change, it is important to maintain a strong culture that aligns with the organization's goals and values.

Question 9

Which of the following statements best describes the role of sustainability measurement and reporting in many of today's firms?
A)Sustainability reporting is becoming more important, with its structure being determined by governmental regulations and requirements.
B)Sustainability reporting focuses on those issues where the reporting firm has the greatest degree of control.
C)Sustainability reporting is becoming more important with more metrics being provided by different organizations.
D)Sustainability reporting, while important, is plagued by problems involving its development and deployment and with concerns over appropriate standards.

Accepted Answer

The answer of Which of the following statements best describes...

Question 10

As technology and cultures evolve, the best approach for operations managers is to:
A)Work harder.
B)Adapt their business models.
C)Retire.
D)Make their processes more efficient.

Accepted Answer

The answer of As technology and cultures evolve, the best...

Quiz 19: Advanced Methods for Project Scheduling

Zanda Corp.has always operated within one country.It is contemplating opening production facilities in another country.Zanda should realize:

Which aspect of the business model is most affected by the recent advent of such companies as HelloFresh, Plated, Blue Apron or Starbuck's Reserve?

Which of the following terms best describes the impact of sustainability initiatives on the business model?

Smart phones communicating with each other and being used to collect, exchange and analyze data is an example of which of the following developments?

When a company such as Patagonia makes sustainability a critical development and embeds it visibility in advertising or in its activities, we see an example of sustainability operating at which of the following levels?

Which of the following factors was most responsible for the breakdown of the Daimler-Benz/Chrysler merger?

It is anticipated in the future that firms will be better able to identify the location of their vehicles and to monitor their condition using which of the following developments?

Which of the following best describes organizational culture?

Which of the following statements best describes the role of sustainability measurement and reporting in many of today's firms?

As technology and cultures evolve, the best approach for operations managers is to: