For a fixed-price proposal, the deliverables due on the contract are not clearly defined. As a result, the potential contractor should:
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1 .Which of the following represents an organizational commitment to customer-focused performance that emphasizes both quality and continuous improvement?
A Lean Management. B Total Quality Management. C Activity-based Costing. D Just-in-time.
2 .Which of the following management philosophies does not focus on quality?
A Total Quality Management. B Absolute conformance. C Gap Analysis. D Lean.
3 .Hi Tech Corporation is a California based company that has contracted with a separate company in India to handle its customer service call center. Hi Tech Corporation's practice is most accurately described using the term:
A Offshore operations. B Shared services. C Globalization. D Outsourcing.
4 .A manufacturer that wants to improve its staging process compares its procedures against the check-in process for a major airline. Which of the following tools is the manufacturer using?
A Economic value-added. B Benchmarking. C Total quality management. D Statistical process control.
5 .5. Which of the following is not a method for estimating the cost of a project?
A Reserve Analysis. B Project Management Simulation (PMS). C Vendor bid analysis. D Judgment.
7 .Increased globalization is made possible by each of the listed factors, except:
A Regulation of currency values through the International Monetary Fund. B Reduced transportation costs. C Technological advancements including improved communications. D Deregulation of international financial markets.
8 .Each of the following is an effect from opening markets to foreign investment, except:
A A decrease in local firms' cost of capital. B A change in the volatility of emerging stock market returns. C An increase in the correlation of emerging stock markets with world markets. D A decrease in investment growth rates.
9 .If an investor's certainty equivalent is greater than the expected value of an investment alternative, the investor is said to be:
A Risk seeking. B Risk averse. C Risk indifferent. D Cautious.
10 .Hedgehog International owes 500,000 local currency units to its foreign supplier in 90 days. The current spot rate of the local currency unit is US60. Hedgehog purchases a call option to buy the local currency unit in 90 days for USD.61 for a premium of USD.005. The exchange rate for the local currency increases to USD.63 in 90 days. What will Hedgehog do on the payables' settlement date?
A Hedgehog will be indifferent as to whether it exercises the option or not. B Hedgehog will sell the option at the settlement date and use its proceeds along with local currency units purchased at the spot rate to satisfy the amount payable. C Hedgehog will not exercise the option and settle the pa...
