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Worksheets26.07
Total questions: 30
Worksheet time: 2hrs 30mins
Name
Class
Date
1.
What is a common reason for a business to choose a specific location of production?
a)
Higher corporate taxes
b)
Lack of infrastructure
c)
Access to cheaper or better-quality resources
d)
Strict labor regulations
2.
What is industrial inertia?
a)
Relocation due to better infrastructure
b)
Switching to offshoring to reduce costs
c)
Staying in the same location despite no financial advantage
d)
Outsourcing core business activities
3.
Which of the following is a bulk-reducing industry likely to do?
a)
Locate near customers
b)
Use online distribution exclusively
c)
Relocate to urban centers
d)
Locate near the source of raw materials
4.
What is offshoring?
a)
Hiring staff locally to reduce transportation costs
b)
Relocating business functions overseas
c)
Hiring third-party providers for non-core tasks
d)
Moving back production to the home country
5.
A business outsourcing its IT services is likely doing so to:
a)
Increase in-house expertise
b)
Increase capital investment
c)
Reduce costs and gain specialized services
d)
Avoid labor laws
6.
What is a disadvantage of offshoring?
a)
Higher wages
b)
Improved cultural relationships
c)
Unethical labor practices
d)
More domestic control
7.
Which of the following is true about insourcing?
a)
It always involves external providers
b)
It uses the firm’s own resources for certain functions
c)
It always reduces costs
d)
It is suitable for international expansion
8.
Why might a business choose to reshore?
a)
To increase supply chain risk
b)
To increase outsourcing
c)
To regain quality control
d)
To benefit from offshoring savings
9.
What is a potential disadvantage of insourcing?
a)
Loss of control
b)
Unethical practices
c)
Lack of necessary skills internally
d)
Faster delivery times
10.
Clustering refers to:
a)
Placing different types of unrelated businesses in one location
b)
A business locating near similar or complementary organizations
c)
Businesses avoiding urban centers
d)
Reducing the number of retail outlets
11.
What is a common reason for a business to choose a specific location of production? (v1)
a)
Higher corporate taxes
b)
Lack of infrastructure
c)
Access to cheaper or better-quality resources
d)
Strict labor regulations
12.
What is industrial inertia? (v1)
a)
Relocation due to better infrastructure
b)
Switching to offshoring to reduce costs
c)
Staying in the same location despite no financial advantage
d)
Outsourcing core business activities
13.
Which of the following is a bulk-reducing industry likely to do? (v1)
a)
Locate near customers
b)
Use online distribution exclusively
c)
Relocate to urban centers
d)
Locate near the source of raw materials
14.
What is offshoring? (v1)
a)
Hiring staff locally to reduce transportation costs
b)
Relocating business functions overseas
c)
Hiring third-party providers for non-core tasks
d)
Moving back production to the home country
15.
A business outsourcing its IT services is likely doing so to: (v1)
a)
Increase in-house expertise
b)
Increase capital investment
c)
Reduce costs and gain specialized services
d)
Avoid labor laws
16.
What is a disadvantage of offshoring? (v1)
a)
Higher wages
b)
Improved cultural relationships
c)
Unethical labor practices
d)
More domestic control
17.
Which of the following is true about insourcing? (v1)
a)
It always involves external providers
b)
It uses the firm’s own resources for certain functions
c)
It always reduces costs
d)
It is suitable for international expansion
18.
Why might a business choose to reshore? (v1)
a)
To increase supply chain risk
b)
To increase outsourcing
c)
To regain quality control
d)
To benefit from offshoring savings
19.
What is a potential disadvantage of insourcing? (v1)
a)
Loss of control
b)
Unethical practices
c)
Lack of necessary skills internally
d)
Faster delivery times
20.
Clustering refers to: (v1)
a)
Placing different types of unrelated businesses in one location
b)
A business locating near similar or complementary organizations
c)
Businesses avoiding urban centers
d)
Reducing the number of retail outlets
21.
What is a common reason for a business to choose a specific location of production? (v2)
a)
Higher corporate taxes
b)
Lack of infrastructure
c)
Access to cheaper or better-quality resources
d)
Strict labor regulations
22.
What is industrial inertia? (v2)
a)
Relocation due to better infrastructure
b)
Switching to offshoring to reduce costs
c)
Staying in the same location despite no financial advantage
d)
Outsourcing core business activities
23.
Which of the following is a bulk-reducing industry likely to do? (v2)
a)
Locate near customers
b)
Use online distribution exclusively
c)
Relocate to urban centers
d)
Locate near the source of raw materials
24.
What is offshoring? (v2)
a)
Hiring staff locally to reduce transportation costs
b)
Relocating business functions overseas
c)
Hiring third-party providers for non-core tasks
d)
Moving back production to the home country
25.
A business outsourcing its IT services is likely doing so to: (v2)
a)
Increase in-house expertise
b)
Increase capital investment
c)
Reduce costs and gain specialized services
d)
Avoid labor laws
26.
What is a disadvantage of offshoring? (v2)
a)
Higher wages
b)
Improved cultural relationships
c)
Unethical labor practices
d)
More domestic control
27.
Which of the following is true about insourcing? (v2)
a)
It always involves external providers
b)
It uses the firm’s own resources for certain functions
c)
It always reduces costs
d)
It is suitable for international expansion
28.
Why might a business choose to reshore? (v2)
a)
To increase supply chain risk
b)
To increase outsourcing
c)
To regain quality control
d)
To benefit from offshoring savings
29.
What is a potential disadvantage of insourcing? (v2)
a)
Loss of control
b)
Unethical practices
c)
Lack of necessary skills internally
d)
Faster delivery times
30.
Clustering refers to: (v2)
a)
Placing different types of unrelated businesses in one location
b)
A business locating near similar or complementary organizations
c)
Businesses avoiding urban centers
d)
Reducing the number of retail outlets
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