Identify a true statement about globalization.

A) Globalization is an internal force for change that originates within an organization.
B) Globalizing an organization requires changes in the minds of employees.
C) Globalizing an organization does not require structural changes.
D) Globalization decreases workforce diversity in organizations.

Under the kinked demand curve model, a small increase in marginal cost will lead to:

A) an increase in output level and a decrease in price.
B) a decrease in output level and an increase in price.
C) a decrease in output level and no change in price.
D) neither a change in output level nor a change in price.

A certificate of deposit is a note of ________.

A) the federal government
B) a state government
C) a bank
D) a third party promisee
E) a private third party

Twista Manufacturing has the following activities and activity costs per year: Machining ($20 000) ; Forklifting ($10 000) ; machine setup ($32 000) , and quality inspection ($40 000) . The operation starts with setting up the machines; each batch of products requires a different setup. This is followed by machining, where the cost of machining varies directly with the number of machine hours. Forklifts are used to move the work in progress around. Because quality is important, an inspection is carried out for each batch of products.
The following information is also available:
Number of machine hours per year: 20 000 machine hours
Number of forklift moves per year: 500 moves
Number of batches per year: 4000 batches
Each year, Twista Manufacturing produces 5000 units of Product X. These units of Product X require 5000 machine hours, 120 moves and 500 batches to produce. The direct materials and direct labour together cost $15 per unit of Product X.
The machining costs and quality inspection costs allocated to each unit of Product X are:

A) $0.16 and $0.32
B) $1 and $2
C) $0.5 and $1
D) $1 and $1

Maggie's Drugstores has 46 stores in the United States and wants to expand globally. Maggie's wants to achieve the highest possible returns and is not concerned about pursuing a high-risk strategy as long as it maintains complete control over its stores. The best global entry strategy for Maggie's Drugstores is most likely

A) exporting.
B) a strategic alliance.
C) a joint venture.
D) direct investment.
E) franchising.

Compare and contrast throughput with manufacturing cycle time.