A Firm Is Seeking a New Factory Location, and Is

question 38

Multiple Choice

A firm is seeking a new factory location, and is considering several countries worldwide. In some of these countries, child labor is prevalent; in others, working conditions and worker safety are inferior to conditions in the U.S. An operations manager paying attention to __________ will factor these issues into the location decision.

• A) ethical and social responsibility issues
• B) key success factors
• C) factor-rating systems
• D) geographic information systems
• E) regression models

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Definitions:

COV

Coefficient of Variation, a statistical measure of the relative dispersion or variability in data, expressed as a percentage of the mean.

Variables

Elements, features, or factors that are likely to vary or change from one instance to another in a study or experiment.

Expected Value

The long-run average or mean value of random variables, weighted by their probabilities, representing the expected outcome of a random event.

Linear Relationship

A direct proportionality between two variables in which the change in one variable is directly proportional to the change in another, represented graphically as a straight line.