Question 1

In supply chain organizations, functions must operate independently of each other.

Accepted Answer

A) True 
 B)False

Question 2

Every business organization is part of at least one supply chain.

Accepted Answer

A) True 
 B)False

Question 3

E-commerce refers to the use of electronic technology to facilitate business transactions.

Accepted Answer

A) True 
 B)False

Question 4

Most people working for a business organization are somehow involved with the supply chain of that business.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following would not usually be a main factor in selecting a vendor?

Accepted Answer

A)   location
B)   price
C)   quality
D)   inventory turnover
E)   vendor servicesF) A) and E)
G) A) and B)

Question 6

RFID eliminates the need for manual counting and bar-code scanning of goods at receiving docks.

Accepted Answer

A) True 
 B)False  True

Question 7

Which of the following is not a benefit of effective supply chain management?

Accepted Answer

A)   lower inventory costs
B)   higher productivity
C)   shorter lead times
D)   greater customer loyalty
E)   larger number of suppliersF) All of the above
G) A) and B)

Question 8

One of the biggest ethical risks in supply chain management is that the __________ supply chain member tends to be the one that suffers the blame and/or lost goodwill when something goes wrong.

Accepted Answer

A)   most responsible
B)   buying
C)   most visible
D)   supplying
E)   most ethicalF) A) and E)
G) D) and E)

Question 9

Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

Accepted Answer

A) True 
 B)False

Question 10

Strategies to address supply chain risks include:
(I)  risk avoidance.
(II)  risk reduction.
(III)  risk projection.
(IV)  risk sharing.

Accepted Answer

A)   I, II, and IV only
B)   II and III only
C)   I and IV only
D)   II and IV only
E)   I, II, III, and IVF) A) and B)
G) A) and C) A

Question 11

In purchasing, one's only ethical obligation is to one's suppliers.

Accepted Answer

A) True 
 B)False

Question 12

The interface between the firm and its suppliers is:

Accepted Answer

A)   purchasing.
B)   production.
C)   distribution.
D)   engineering.
E)   accounting.F) A) and D)
G) C) and D) A

Question 13

RFID chips:
(I)  are used to track goods in distribution.
(II)  are used to track job progress in production.
(III)  are used to provide special instructions to operators.
(IV)  can be used in inventory record keeping.

Accepted Answer

A)   II and III only
B)   I and II only
C)   II, III, and IV
D)   I, II, and IV
E)   IV onlyF) B) and C)
G) A) and B)

Question 14

The website and order fulfillment are essential features of:

Accepted Answer

A)   delayed differentiation.
B)   e-commercE.
C)   Internet service providers.
D)   inventory balancing.
E)   market segmentation.F) A) and D)
G) A) and B)

Question 15

The automatic identification of material is part of/facilitated by:

Accepted Answer

A)   holding costs.
B)   RFID.
C)   working capital reduction.
D)   net present value calculations.
E)   vendor analysis.F) C) and D)
G) B) and E)

Question 16

Which of the following is least likely to be a key consideration when a company chooses a supplier?

Accepted Answer

A)   lead time and on-time delivery
B)   reputation and financial stability
C)   current inventory
D)   quality and quality assurance
E)   flexibility of design changeF) None of the above
G) A) and D)

Question 17

A company's supply chain involves the flow of materials and information from suppliers, through production, to the end users.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is a barrier to the integration of separate organizations in the supply chain?
(I)  conflicting objectives of the companies in the chain
(II)  different capacity levels of the companies in the chain
(III)  reluctance of the organizations in the chain to allow other organizations access to their data

Accepted Answer

A)   I only
B)   I and II
C)   II and III
D)   I and III
E)   I, II, and IIIF) A) and D)
G) None of the above

Question 19

Global supply chains make purchasing easier because there are more options.

Accepted Answer

A) True 
 B)False

Question 20

Centralized or decentralized purchasing is directly related to the size of an organization.

Accepted Answer

A) True 
 B)False

Exam 21: Supply Chain Management

In supply chain organizations, functions must operate independently of each other.

Correct Answer
verified

Every business organization is part of at least one supply chain.

Correct Answer
verified

E-commerce refers to the use of electronic technology to facilitate business transactions.

Correct Answer
verified

Most people working for a business organization are somehow involved with the supply chain of that business.

Correct Answer
verified

Which of the following would not usually be a main factor in selecting a vendor?

Correct Answer
verified

RFID eliminates the need for manual counting and bar-code scanning of goods at receiving docks.

Correct Answer
verified
True

Which of the following is not a benefit of effective supply chain management?

Correct Answer
verified

One of the biggest ethical risks in supply chain management is that the __________ supply chain member tends to be the one that suffers the blame and/or lost goodwill when something goes wrong.

Correct Answer
verified

Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

Correct Answer
verified

Strategies to address supply chain risks include: (I) risk avoidance. (II) risk reduction. (III) risk projection. (IV) risk sharing.

Correct Answer
verified
A

In purchasing, one's only ethical obligation is to one's suppliers.

Correct Answer
verified

The interface between the firm and its suppliers is:

Correct Answer
verified
A

RFID chips: (I) are used to track goods in distribution. (II) are used to track job progress in production. (III) are used to provide special instructions to operators. (IV) can be used in inventory record keeping.

Correct Answer
verified

The website and order fulfillment are essential features of:

Correct Answer
verified

The automatic identification of material is part of/facilitated by:

Correct Answer
verified

Which of the following is least likely to be a key consideration when a company chooses a supplier?

Correct Answer
verified

A company's supply chain involves the flow of materials and information from suppliers, through production, to the end users.

Correct Answer
verified

Correct Answer
verified

Global supply chains make purchasing easier because there are more options.

Correct Answer
verified

Centralized or decentralized purchasing is directly related to the size of an organization.

Correct Answer
verified

Exam 21: Supply Chain Management

In supply chain organizations, functions must operate independently of each other.

Correct AnswerverifiedShow Answer

Every business organization is part of at least one supply chain.

Correct AnswerverifiedShow Answer

E-commerce refers to the use of electronic technology to facilitate business transactions.

Correct AnswerverifiedShow Answer

Most people working for a business organization are somehow involved with the supply chain of that business.

Correct AnswerverifiedShow Answer

Which of the following would not usually be a main factor in selecting a vendor?

Correct AnswerverifiedShow Answer

RFID eliminates the need for manual counting and bar-code scanning of goods at receiving docks.

Correct AnswerverifiedTrue

Which of the following is not a benefit of effective supply chain management?

Correct AnswerverifiedShow Answer

One of the biggest ethical risks in supply chain management is that the __________ supply chain member tends to be the one that suffers the blame and/or lost goodwill when something goes wrong.

Correct AnswerverifiedShow Answer

Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

Correct AnswerverifiedShow Answer

Strategies to address supply chain risks include: (I) risk avoidance. (II) risk reduction. (III) risk projection. (IV) risk sharing.

Correct AnswerverifiedA

In purchasing, one's only ethical obligation is to one's suppliers.

Correct AnswerverifiedShow Answer

The interface between the firm and its suppliers is:

Correct AnswerverifiedA

RFID chips: (I) are used to track goods in distribution. (II) are used to track job progress in production. (III) are used to provide special instructions to operators. (IV) can be used in inventory record keeping.

Correct AnswerverifiedShow Answer

The website and order fulfillment are essential features of:

Correct AnswerverifiedShow Answer

The automatic identification of material is part of/facilitated by:

Correct AnswerverifiedShow Answer

Which of the following is least likely to be a key consideration when a company chooses a supplier?

Correct AnswerverifiedShow Answer

A company's supply chain involves the flow of materials and information from suppliers, through production, to the end users.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Global supply chains make purchasing easier because there are more options.

Correct AnswerverifiedShow Answer

Centralized or decentralized purchasing is directly related to the size of an organization.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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True

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A

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A

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