A Manager Needs to Prepare a Grid to Compare Countries

question 37

Multiple Choice

A manager needs to prepare a grid to compare countries for location of the firm's international operations.It would be most useful for the manager to ________.

• A)prepare an opportunity analysis in-house, but outsource the risk analysis
• B)have agents within each country supply governmental data
• C)prepare the risk analysis in-house, but outsource the opportunity analysis
• D)use a team made up of people from different functions within the company

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Definitions:

Direct Materials

The raw materials that are directly traceable and a necessary part of a finished product.

Indirect Materials

Materials used in the production process that are not directly traceable to a finished product, such as lubricants for machinery.

Work in Process Inventory

The inventory account that tracks the costs associated with incomplete products in a manufacturing process.

Customized Production

The process of manufacturing products tailored to individual specifications or customer requirements.