Question 1

Markets with ample skilled labor available are referred to as:&#10;A)Full markets&#10;B)Thick markets&#10;C)Efficient markets&#10;D)Effective markets

Accepted Answer

Thick markets refer to markets with ample skilled labor available, which creates competition and leads to lower wages for employers. This is because there are multiple job seekers available for each job opening.

Question 2

Green building standards benefit firms by all of the following except:&#10;A)Reduce energy consumption&#10;B)Increase clean water usage&#10;C)Generate cost savings&#10;D)Reduce absenteeism

Accepted Answer

Green building standards may help to increase overall water efficiency and reduce waste or overuse. However, this may not necessarily result in an increase in the availability of clean water, which may depend on other factors such as regional water scarcity or contamination.

Question 3

One key benefit of clusters' knowledge spillover:&#10;A)Create growth and stimulate infrastructure development&#10;B)Enable other firms to focus on what they do well&#10;C)Facilitate the flow and diffusion of knowledge leading to innovation.&#10;D)Increase the likelihood that thick markets will develop

Accepted Answer

Clusters facilitate the flow and diffusion of knowledge leading to innovation among firms in the same industry or related industries, which can lead to the development of new products, processes, and technologies. This can also lead to increased productivity and competitiveness of the firms within the cluster.

Question 4

&#34;Distance&#34; can refer to:&#10;A)Cultural&#10;B)Process&#10;C)Geographic&#10;D)All of the above

Accepted Answer

Distance can refer to cultural (differences in beliefs, customs, and traditions), process (differences in procedures, policies, and systems), and geographic (physical separation) factors. Therefore, the best choice is D, which includes all of the above.

Question 5

Supply chain activities belong to which micro-processes?&#10;A)Internal supply chain, external supply chain and transportation management&#10;B)Supplier relationship, customer relationship, and employee management&#10;C)Customer relationship, internal supply chain, and supplier relationship management&#10;D)Relationship management, external demand and supply management

Accepted Answer

The micro-processes mentioned in option C are more specific to supply chain activities, which include managing relationships with customers, managing the internal supply chain, and managing relationships with suppliers. The other options either include non-supply chain activities (option B) or not all specific to supply chain activities (options A and D).

Question 6

The growth of clusters depends most on:&#10;A)The populous of the location&#10;B)Specialized service providers&#10;C)Specialized service providers&#10;D)The idea of the virtuous cycle

Accepted Answer

The answer of The growth of clusters depends most on:&#10;A)The...

Question 7

The ________ view categorizes process based on whether they are in response to or in anticipation of customer orders:&#10;A)Management&#10;B)Supply Chain&#10;C)Push-Pull&#10;D)Cycle

Accepted Answer

The push-pull view categorizes process based on whether they are in response to or in anticipation of customer orders. Management refers to the overall organization and direction of a company, supply chain focuses on the network of businesses involved in the creation and delivery of a product or service, and cycle view refers to the various stages involved in producing a product.

Question 8

Location decisions can impact which of the following&#10;A)Ability to attract and retain employees&#10;B)Ability to reach important customers&#10;C)Environmental outcomes&#10;D)All of the above

Accepted Answer

Location decisions can impact on all the given factors. The location of a business can determine its ability to attract and retain employees because it can affect things like commuting time and access to amenities. The location can also impact the ability to reach important customers because of proximity and accessibility. The environmental outcomes of a business can also be determined by its location, such as the impact on surrounding ecosystems or the proximity to pollutants.

Question 9

Which of the following is TRUE:&#10;A)LEED certifies buildings based on their compliance to US standards&#10;B)Geographic proximity facilitates all knowledge transfer&#10;C)Major buyers influence availability of environmentally preferable products&#10;D)Data for LCA are typically easy to obtain from other reporting software.

Accepted Answer

Major buyers have significant purchasing power and can influence the availability of environmentally preferable products by demanding them from their suppliers. This can create a market demand for sustainable products and encourage suppliers to make changes in their production processes. LEED certification is a green building certification program that considers the environmental impact of a building's design, construction, and operation, but it is not limited to US standards. Geographic proximity may facilitate knowledge transfer, but it is not always necessary or sufficient. Data for LCA (life cycle assessment) may not be easy to obtain from other reporting software, as it requires specific information about the environmental impacts of a product or process throughout its life cycle.

Deck 10: High-Performance Operations