Which of the following statements about facility location is most accurate? A) Advances in information technology permits firms to locate in expensive metropolitan areas. B) Manufacturers seek to reduce time-to- market by selecting a location which will lower transportation costs. C) Most companies locate major facilities within a few miles of where they began operations. D) Most firms are uninterested in labour costs when making decisions about where to locate. Advances in information technology permits firms to locate in expensive metropolitan areas. Manufacturers seek to reduce time-to- market by selecting a location which will lower transportation costs.

Which of the following statements about facility location is most accurate? A) Advances in information technology permits firms to locate in expensive metropolitan areas. B) Manufacturers seek to reduce time-to- market by selecting a location which will lower transportation costs. C) Most companies locate major facilities within a few miles of where they began operations. D) Most firms are uninterested in labour costs when making decisions about where to locate. Advances in information technology permits firms to locate in expensive metropolitan areas. Manufacturers seek to reduce time-to- market by selecting a location which will lower transportation costs.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Ashvin
You are required to prepare a proposal on the potential benefits and costs of implementing an Activity-based costing (ABC) system to determine customer profitability for a local bank, Kangaroo Commercial Bank Limited. The bank currently uses a traditional costing system. The clients of Kangaroo Commercial Bank are regional residents in North Australia. Thebanks considers extending its operation across some metropolitans, such Sydney and Melbourne, to serve the retail banking and investment demands of its clients. Required: a. ABC system requires a setting of operational activities and activity drivers. In identifying activity driver which mainly causes costs to be incurred at an activity level, what important factors should be considered? Explain to management why you consider these important.
More consumers today are utilizing Uber or Lyft instead of traditional taxi cabs. What type of resource tradeoff does this fall under? O Changes in customer needs O Limited resources or slack O Changes in product lifecycle O Changes in the effectiveness of distributor activities
1. Which of the following is an example of qualitative factors that can effect investment decisions? Select one: a. All of the choices b. Over time, how will the quality of goods produced impact the company financially? c. How will any changes affect worker productivity? Will they have any impact on employee morale? d. How will the proposed acquisition or upgrade affect the company’s flexibility?
"Companies with labor incentive manufacturing processes are most likely to benefit from sending manufacturing operations overseas because the bulk of potential cost savings relate to labor costs".Question: Prepare an analysis showing whether a product line or other business segment should be added or dropped. Note: Samsung Electronics Co. Ltd. (Samsung Electronics)
Among the best things to do to maintain firm value is to: a. Improve sales at all costs b. Spend as much as possible on public relations and marketing C. Economize on employee training programs d. In so far as possible, make costs reactive to sales e. Wait until the last moment to pay bills
Proactive international sourcing: Select one: O a. where there are more awareness of the opportunities for price reduction from buying overseas O b. Where There are no active sourcing from offshore suppliers Oc. Where there are lack of domestic supply of raw materials or components, forcing some international purchasing O d. where manufacturers and suppliers work together to establish an entire supply chain outside of the home country
The Benefits and Costs of Decentralized Decision Making. Centralizing as a Cost-Cutting Approach One of the disadvantages of decentralization discussed in the text is the possibility of increased costs (perhaps because of duplication of effort) that can occur. Some firms have realized this and have centralized certain functions. For example, Pernod Ricard SA (a French beverage company) purchases casks for many of its different products. Initially, casks were purchased separately for each of the brands. However, the company decided to centralize the purchase of casks from a central location in the U.S. The move ...helped the company shave off 2% to 3% of expenses tied to indirect procurement... Other companies that have centralized certain business activities include PayPal, Incorporated and the Royal Bank of Canada. In addition to the savings from centralizing the service function, Many companies also opt to place these hubs offshore in lower-cost countries, which can save 20% to…
Which of the followings is NOT an advantage of financial institutions in consumption smoothing? A. They help to solve moral hazard and adverse selection issues. B. They help to share risks. C. They help to reduce transaction costs. D. They help to create more jobs.
Tourism industry is one of the rapid growing industries around the globe. The boom of mass tourism at the twentieth century becomes widespread with the alternative tourism attendance. The conditions today forcing touristic destinations and tourism enterprises for challenging. This competition pressure affecting the choices and activities of the enterprises. Thus, the importance of utilizing the resources more efficient and effective becomes increased. Therefore, enterprises should more emphasis on cost management systems. Questions for Discussion: a. How cost accounting helps tourism firm in determining the price? b. Which kind of decision can be taken by tourism firm using cost accounting method? c. Which technique of costing can be used in tourism firm and why that technique can be used? d. What are the benefits enjoyed by tourism firm by adopting cost accounting?
How much leverage do you have in convincing the supplier to reduce costs when the supplier already knows they are guaranteed the business, and they have already sunk money into a fixed design and tooling for the product?
Competitors often inquire about a competitor's product's price. For a fee, iSuppli will deconstruct complex electronics and estimate the cost of duplicating the product. The difference between the pair's cost and the labor cost to put the pieces together isn't all profit. Research, design, marketing, patent fees, and selling charges are examples of non-production expenditures. What are the many types of costs, such as research, design, marketing, patent fees, and selling costs, and how are they addressed in accounting?