1. The reason fast food restaurants often are found in close proximity to each other is
a. they enjoy competition
b. location clustering near high traffic flows
c. low cost
d. availability of skilled labor
e. all of the above
2. The objective of a human resource strategy is to
a. produce the demand forecast at lowest labor cost
b. match employment levels with demand
c. achieve a reasonable quality of work life at low cost
d. manage labor and design jobs so people are effectively and efficiently utilized
e. all of the above
3. The transfer of some of what are traditional internal activities and resources of a firm to outside vendors is
a. a standard use of the make or buy decision
b. not allowed by the ethics code of the Supply Management Institute
c. offshoring
d. outsourcing
e. keiretsu
4. What is the practice of moving a business process to a foreign country but retaining control of it?
a. exporting
b. farshoring
c. offshoring
d. outsourcing
e. backsourcing