Monday, 27 May 2013

International Business Management Multiple choices: 1. What is the series consideration for strategy implementation? a. Strategic orientation b. Location c. Dimensions d. Both (a) & (b) 2. The major activity in global marketing is a. Pricing policies b. Product lines c. Market assessment d. All of the above 3. The third ‘P’ in the international marketing mix is a. Product b. Price c. Promotion d. Place 4. The European Economic Community was established a. 1958 b. 1975 c. 1967 d. 1957 5. Environment Protection Act a. 1986 b. 1967 c. 1990 d. None of the above 6. People’s attitude toward time depend on a. Language b. Relationship c. Culture d. All of the above 7. Culture necessitates adaption of a. Product b. Price c. Promotion d. Place 8. The legal term for brand is a. Symbol b. Name c. Trade mark d. All of the above 9. FDI flows are often a reflection of rivalry among firms in a. Global market b. Indian market c. International market d. None of the above 10. ISO certification is a. Expensive process b. Elaborate process c. Evaluative Process d. Both (a) & (b) Part Two: 1. What do understand by ‘Inward-oriented Policies’? 2. What is ‘Factor Endowments Theory’? 3. Explain the term ‘Totalitarianism’. 4. Write about ‘Persistent Dumping’. 1. Is gross domestic product per capita a useful indicator of International competitiveness in the EU? 2. Is it fair to point the blame for the EU’s poor international competitiveness at inflexible labour markets, regulated goods and services markets, and a general lack of competition? What alternative explanations might be suggested? 1. What are some current issues Facing Peru? What is the climate for doing business in Peru today? 2. Would the bank be better off negotiating the loan in New York or in Lima? Why? 1. Imagine that you are the director of a major international lending institution supported by funds from member countries. What one area in newly industrialized and developing economics would be your priority for receiving development aid? Do you suspect that any member country will be politically opposed to aid in this area? Why or Why not? 2. The principle problem in analysing different forms of export financing is the distribution of risks between the exporter and the importer. Analyse the following export financing instruments in this respect: (a) Letter of Credit (b) Cash in advance (c) Draft (d) Consignment (e) Open Account Enterprise Resource Planning 1. Enterprise Resource Planning is a. Computer System b. Manufacturing organization c. Method of effective planning of all the resources in an organization d. None of the above 2. Enterprise Resource Panning vendors are those people a. Who are experts in administration and management of projects b. Who have developed the ERP packages c. Who uses the ERP system d. None of the above 3. Interviewing and cost justification is tool and technique of a. Design step of ERP b. Implementation step of ERP c. Requirement analysis of ERP d. Planning step of ERP 4. Support re-engineering processes to fit the software systems best practice is approach of a. Re-engineering approach b. Customizing approach c. Rational approach d. None of the above 5. Process of tracking customer contacts and providing the customer with a price quote is a. Inventory sourcing b. Sales order processing c. Pre-sales d. None of the above 6. The difficulty in creating an audit trial of transactions when multiple transactions use multiple database is associated with a. Product profitability sub-system b. Finished goods inventory sub-system c. Management reporting sub-system d. Creating an audit trial sub-system 7. Differences occur between standard costs and actual costs is problem associated with a. Accounting b. Production c. Purchasing / Materials Management d. None of the above 8. MRP in Enterprise resource planning stands for a. Maximum retail price b. Material requirement planning c. Management requirement planning d. None of the above 9. Process of providing status of purchase order comes in a category of a. Purchase order follow-up b. Source determination c. Determine requirement d. Invoice verification 10. Resource failure occurs when a. People clashes b. Inability to communicate with the system user c. Poor specification of requirements d. Conflicts of people, time and project scope due to insufficient personnel Part Two: 1. What are the advantages of the re-engineering method of implementing ERP? 2. What are the benefits reported from implementing ERP? 3. Write a short note on “Credit Management”? 4. Define Material Requirements Planning? 1. Identify potential sources of software? 2. Determine five criteria you will recommend be used to evaluate each of alternative providers? 1. Explain in brief Sales and Marketing Modules in ERP System? 2. What are the different development process in ERP systems and write a detailed note on it? Material Management Multiple Choices: 1. Season Index = a. =Period average demand / deseasonalized demand b. =deseasonalized demand / period average demand c. =Period average demand / average demand for all periods d. = average demand for all periods / period average demand 2. Poke-yoke was first introduce by a. Edger Schein of America b. Lawrence D. Miles of U.S.A c. Shigeo Shingo of Japan d. None of the above 3. Utilization is the consolidation of several units into large units, called a. Units loads b. Unit system c. Unit wait d. None of the above 4. Mean Absolute Deviation a. = sum of forecast error / number of observations b. = algebraic sum of forecast errors / number of observations c. = sum of absolute deviations / number of observations d. None of the above 5. How many variations of network used a. One b. Three c. Two d. None of the above 6. Housing starts and gasoline consumption are called a. Economic indicators b. Nonleading indicator c. Leading indicator d. None of the above 7. The capability of manufacturing to produce goods and services is called a. Capacity b. Priority c. Strategy d. Production 8. APICS stands for a. The American Property and Investment Control Society b. The American Production and Inventory Control Society c. The America Product and Inventory Control Society d. None of the above 9. The bill provides a list of the parts needed to make or assemble a product is a. Planning b. Manufacturing c. Product definition d. None of the above 10. Which file contains a record for each part manufactured a. The routing file b. The product structure file c. Item master file d. Work center master file Part Two: 1. Write a note on “ERP” (Enterprise Resource Planning). 2. What do you understand by ‘Operation Overloading’? 3. What is “Two –Bin System”. 4. Explain the “Just in time” philosophy. 1. Calculate the available to promise (ATP) using the following data. There are 100 units on hand. Week 1 2 3 4 5 6 Customer Orders 70 70 20 40 10 MPS 100 100 100 ATP 2. Given the following data, can an order for 30 more units delivery in week 5 be accepted? If not, what do you suggest can be done? Week 1 2 3 4 Forecast 80 80 80 70 Customer Orders 100 90 50 40 Projected Available Balance 140 MPS 3. Given the following parents and components, construct a product tree. Figures in parentheses show the quantities per item. How many Gs are needed to make one A? Parent A B C E Component B(2) E(2) G(2) G(4) C(4) F(1) F(3) D(4) H(2) 4. An order for 100 of a product is processed on operations A and operations B. the setup time on A is 50 minutes, and the run time per piece is 9 minutes. The setup time on B is 30 minutes, and the run time is 6 minutes per piece. It takes 20 minutes to move a lot between A and B. since this is a rush order, it is given top priority (president’s edict) and is run as soon as it arrives at either workstation. It is decided to overlap the two operations and to split the lot of 100 into two lots of 60 and 40. When the first lot is finished on operation A, it is moved to operation B where it is set up and run. Meanwhile, operation A completes the balance of the 100 units (40) and sends the units over to operation B. These 40 units should arrive as operation B is completing the first batch of 60; thus, operation B can continue without interruption until all 100 are completed. a. Calculate the total manufacturing lead time for operation A and for B without overlapping. b. Calculate the manufacturing lead time if the operations are overlapped. How much time is saved? 1. Suppose a manufacturer makes wagons composed of a box body, a handle assembly, and two wheel assemblies. Demand for the wagons is 500 a week. The wheel assembly capacity is 1200 sets a week, the handle assembly capacity is 450 a week, and final assembly can produce 550 wagons a week. a. What is the capacity of the factory? b. What limits the throughput of the factory? c. How many wheel assemblies should be made each week? d. What is the utilization of the wheel assembly operation? e. What happens if the wheel assembly utilization is increased to 100? 2. If the annual cost of goods sold is $12 million and the average inventory is $2.5 million: a. What is the inventory turns ratio? b. What would be the reduction in average inventory if, through better materials management, inventory turns were increased to 10 times per year? c. If the cost of carrying inventory is 20% of the average inventory, what is the annual savings? 3. Suppose management stated that it could tolerate only one stock out per year for a specific item. For this particular item, the annual demand is 52,000 units, it is ordered in quantities of 2600, and the standard deviation of demand during the lead time is 100 units. The lead time is one week. Calculate: a. Number of orders per year. b. Service level. c. Safety stock. d. Order point. 4. Delivery of goods from a supplier is in transit for ten days. If the annual demand is 4200 units, what is the average annual inventory in transit?

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International Business Management

Multiple choices:
1. What is the series consideration for strategy implementation?
a. Strategic orientation
b. Location
c. Dimensions
d. Both (a) & (b)
2. The major activity in global marketing is
a. Pricing policies
b. Product lines
c. Market assessment
d. All of the above
3. The third ‘P’ in the international marketing mix is
a. Product
b. Price
c. Promotion
d. Place
4. The European Economic Community was established
a. 1958
b. 1975
c. 1967
d. 1957
5. Environment Protection Act
a. 1986
b. 1967
c. 1990
d. None of the above

6. People’s attitude toward time depend on
a. Language
b. Relationship
c. Culture
d. All of the above
7. Culture necessitates adaption of
a. Product
b. Price
c. Promotion
d. Place
8. The legal term for brand is
a. Symbol
b. Name
c. Trade mark
d. All of the above
9. FDI flows are often a reflection of rivalry among firms in
a. Global market
b. Indian market
c. International market
d. None of the above
10. ISO certification is
a. Expensive process
b. Elaborate process
c. Evaluative Process
d. Both (a) & (b)
Part Two:
1. What do understand by ‘Inward-oriented Policies’?
2. What is ‘Factor Endowments Theory’?
3. Explain the term ‘Totalitarianism’.
4. Write about ‘Persistent Dumping’.
1. Is gross domestic product per capita a useful indicator of International competitiveness in the EU?
2. Is it fair to point the blame for the EU’s poor international competitiveness at inflexible labour markets, regulated goods and services markets, and a general lack of competition? What alternative explanations might be suggested?
1. What are some current issues Facing Peru? What is the climate for doing business in Peru today?
2. Would the bank be better off negotiating the loan in New York or in Lima? Why?
1. Imagine that you are the director of a major international lending institution supported by funds from member countries. What one area in newly industrialized and developing economics would
be your priority for receiving development aid? Do you suspect that any member country will be politically opposed to aid in this area? Why or Why not?
2. The principle problem in analysing different forms of export financing is the distribution of risks
between the exporter and the importer. Analyse the following export financing instruments in this respect:
(a) Letter of Credit
(b) Cash in advance
(c) Draft
(d) Consignment
(e) Open Account
Enterprise Resource Planning
1. Enterprise Resource Planning is
a. Computer System
b. Manufacturing organization
c. Method of effective planning of all the resources in an organization
d. None of the above
2. Enterprise Resource Panning vendors are those people
a. Who are experts in administration and management of projects
b. Who have developed the ERP packages
c. Who uses the ERP system
d. None of the above
3. Interviewing and cost justification is tool and technique of
a. Design step of ERP
b. Implementation step of ERP
c. Requirement analysis of ERP
d. Planning step of ERP
4. Support re-engineering processes to fit the software systems best practice is approach of
a. Re-engineering approach
b. Customizing approach
c. Rational approach
d. None of the above
5. Process of tracking customer contacts and providing the customer with a price quote is
a. Inventory sourcing
b. Sales order processing
c. Pre-sales
d. None of the above
6. The difficulty in creating an audit trial of transactions when multiple transactions use multiple
database is associated with
a. Product profitability sub-system
b. Finished goods inventory sub-system
c. Management reporting sub-system
d. Creating an audit trial sub-system
7. Differences occur between standard costs and actual costs is problem associated with
a. Accounting
b. Production
c. Purchasing / Materials Management
d. None of the above
8. MRP in Enterprise resource planning stands for
a. Maximum retail price
b. Material requirement planning
c. Management requirement planning
d. None of the above
9. Process of providing status of purchase order comes in a category of
a. Purchase order follow-up
b. Source determination
c. Determine requirement
d. Invoice verification
10. Resource failure occurs when
a. People clashes
b. Inability to communicate with the system user
c. Poor specification of requirements
d. Conflicts of people, time and project scope due to insufficient personnel
Part Two:
1. What are the advantages of the re-engineering method of implementing ERP?
2. What are the benefits reported from implementing ERP?
3. Write a short note on “Credit Management”?
4. Define Material Requirements Planning?
1. Identify potential sources of software?
2. Determine five criteria you will recommend be used to evaluate each of alternative providers?
1. Explain in brief Sales and Marketing Modules in ERP System?
2. What are the different development process in ERP systems and write a detailed note on it?
Material Management

Multiple Choices:
1. Season Index =
a. =Period average demand / deseasonalized demand
b. =deseasonalized demand / period average demand
c. =Period average demand / average demand for all periods
d. = average demand for all periods / period average demand
2. Poke-yoke was first introduce by
a. Edger Schein of America
b. Lawrence D. Miles of U.S.A
c. Shigeo Shingo of Japan
d. None of the above
3. Utilization is the consolidation of several units into large units, called
a. Units loads
b. Unit system
c. Unit wait
d. None of the above
4. Mean Absolute Deviation
a. = sum of forecast error / number of observations
b. = algebraic sum of forecast errors / number of observations
c. = sum of absolute deviations / number of observations
d. None of the above
5. How many variations of network used
a. One
b. Three
c. Two
d. None of the above
6. Housing starts and gasoline consumption are called
a. Economic indicators
b. Nonleading indicator
c. Leading indicator
d. None of the above
7. The capability of manufacturing to produce goods and services is called
a. Capacity
b. Priority
c. Strategy
d. Production
8. APICS stands for
a. The American Property and Investment Control Society
b. The American Production and Inventory Control Society
c. The America Product and Inventory Control Society
d. None of the above
9. The bill provides a list of the parts needed to make or assemble a product is
a. Planning
b. Manufacturing
c. Product definition
d. None of the above
10. Which file contains a record for each part manufactured
a. The routing file
b. The product structure file
c. Item master file
d. Work center master file
Part Two:
1. Write a note on “ERP” (Enterprise Resource Planning).
2. What do you understand by ‘Operation Overloading’?
3. What is “Two –Bin System”.
4. Explain the “Just in time” philosophy.
1. Calculate the available to promise (ATP) using the following data. There are 100 units on hand.
Week 1 2 3 4 5 6
Customer Orders 70 70 20 40 10
MPS 100 100 100
ATP
2. Given the following data, can an order for 30 more units delivery in week 5 be accepted? If not,
what do you suggest can be done?
Week 1 2 3 4
Forecast 80 80 80 70
Customer Orders 100 90 50 40
Projected Available
Balance
140
MPS
3. Given the following parents and components, construct a product tree. Figures in parentheses
show the quantities per item. How many Gs are needed to make one A?
Parent A B C E
Component B(2) E(2) G(2) G(4)
C(4) F(1) F(3)
D(4) H(2)
4. An order for 100 of a product is processed on operations A and operations B. the setup time on A
is 50 minutes, and the run time per piece is 9 minutes. The setup time on B is 30 minutes, and the
run time is 6 minutes per piece. It takes 20 minutes to move a lot between A and B. since this is a
rush order, it is given top priority (president’s edict) and is run as soon as it arrives at either
workstation.
It is decided to overlap the two operations and to split the lot of 100 into two lots of 60 and 40.
When the first lot is finished on operation A, it is moved to operation B where it is set up and run.
Meanwhile, operation A completes the balance of the 100 units (40) and sends the units over to
operation B. These 40 units should arrive as operation B is completing the first batch of 60; thus,
operation B can continue without interruption until all 100 are completed.
a. Calculate the total manufacturing lead time for operation A and for B without overlapping.
b. Calculate the manufacturing lead time if the operations are overlapped. How much time is
saved?
1. Suppose a manufacturer makes wagons composed of a box body, a handle assembly, and two
wheel assemblies. Demand for the wagons is 500 a week. The wheel assembly capacity is 1200
sets a week, the handle assembly capacity is 450 a week, and final assembly can produce 550
wagons a week.
a. What is the capacity of the factory?
b. What limits the throughput of the factory?
c. How many wheel assemblies should be made each week?
d. What is the utilization of the wheel assembly operation?
e. What happens if the wheel assembly utilization is increased to 100?
2. If the annual cost of goods sold is $12 million and the average inventory is $2.5 million:
a. What is the inventory turns ratio?
b. What would be the reduction in average inventory if, through better materials management,
inventory turns were increased to 10 times per year?
c. If the cost of carrying inventory is 20% of the average inventory, what is the annual savings?
3. Suppose management stated that it could tolerate only one stock out per year for a specific item.
For this particular item, the annual demand is 52,000 units, it is ordered in quantities of 2600, and
the standard deviation of demand during the lead time is 100 units. The lead time is one week.
Calculate:
a. Number of orders per year.
b. Service level.
c. Safety stock.
d. Order point.
4. Delivery of goods from a supplier is in transit for ten days. If the annual demand is 4200 units,
what is the average annual inventory in transit? 

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