Question 1

Increasing the size of an inventory reduces the cost of the inventory.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following factors influences supply chain performance by affecting the ways that organizations in the supply chain request, respond, and update one another?

Accepted Answer

A)  information 
B)  transportation 
C)  inventory 
D)  facilities 
A)  information 
B)  transportation 
C)  inventory 
D)  facilities A

Question 3

Which of the following statements is TRUE of supply chains?

Accepted Answer

A)  Supply chains consist only of customers, retailers, distributors, manufacturers, and suppliers. 
B)  Not every supply chain has distributors and retailers. 
C)  Each element in the supply chain can be connected to only one entity up and down. 
D)  The only source of revenue in a supply chain is the retailer. 
A)  Supply chains consist only of customers, retailers, distributors, manufacturers, and suppliers. 
B)  Not every supply chain has distributors and retailers. 
C)  Each element in the supply chain can be connected to only one entity up and down. 
D)  The only source of revenue in a supply chain is the retailer. B

Question 4

Nathan is in charge of inventory management at a furniture manufacturing company. Given his role, Nathan will be responsible ________.

Accepted Answer

A)  for the machinery used in manufacturing 
B)  for the evaluation of the demand for furniture for a given period 
C)  for the wood and aluminum used for the furniture 
D)  for the capital required for production 
A)  for the machinery used in manufacturing 
B)  for the evaluation of the demand for furniture for a given period 
C)  for the wood and aluminum used for the furniture 
D)  for the capital required for production

Question 5

Every supply chain has four basic components: suppliers, manufacturers, distributors, and retailers.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is used as the measure of supply chain speed?

Accepted Answer

A)  dollar value of goods exchanged in a given period of time 
B)  amount of goods exchanged in a given period of time 
C)  total profit generated by the components of supply chain 
D)  time taken to transport goods from one component to another 
A)  dollar value of goods exchanged in a given period of time 
B)  amount of goods exchanged in a given period of time 
C)  total profit generated by the components of supply chain 
D)  time taken to transport goods from one component to another

Question 7

At each level of a supply chain, an organization can work with many organizations both up and down the supply chain.

Accepted Answer

A) True 
 B)False

Question 8

The bullwhip effect explains the amplification of demand at various stages of a supply chain.

Accepted Answer

A) True 
 B)False

Question 9

Zim-ware, a kitchenware brand, recently started selling its products online. It plans to increase the sale of its products using e-commerce. Which of the following is Zim-ware most likely to experience as a result of this system change?

Accepted Answer

A)  reduced costs of buying and selling 
B)  reduced supply chain speed 
C)  increased size and costs of inventories 
D)  optimized supply chain profitability 
A)  reduced costs of buying and selling 
B)  reduced supply chain speed 
C)  increased size and costs of inventories 
D)  optimized supply chain profitability

Question 10

When Disney Studios and Pixar Studios share an information system, they are using ________.

Accepted Answer

A)  collaborative resources 
B)  community property 
C)  inter-enterprise systems 
D)  an advanced enterprise system 
A)  collaborative resources 
B)  community property 
C)  inter-enterprise systems 
D)  an advanced enterprise system

Question 11

________ occurs when a company such as Dell omits a part of the supply chain relationship and sells directly to the consumer.

Accepted Answer

A)  Disintermediation 
B)  Distribution channel 
C)  Strategic business unit 
D)  Collaboration system 
A)  Disintermediation 
B)  Distribution channel 
C)  Strategic business unit 
D)  Collaboration system

Question 12

Many organizations can share a single inter-enterprise information system.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following statements is TRUE of inventory?

Accepted Answer

A)  Managing an inventory requires balancing between availability and cost. 
B)  Inventory size increases as consumers purchase items. 
C)  Inventory management decisions are limited to the size of the inventory. 
D)  Increasing the inventory size always increases a company's profitability. 
A)  Managing an inventory requires balancing between availability and cost. 
B)  Inventory size increases as consumers purchase items. 
C)  Inventory management decisions are limited to the size of the inventory. 
D)  Increasing the inventory size always increases a company's profitability.

Question 14

Define supply chain profitability. How is it different from individual organizational profitability?

Accepted Answer

Supply chain profitability is the differ

Question 15

True demand is the demand from the only party that introduces money into the system.

Accepted Answer

A) True 
 B)False

Question 16

All of these are steps in supply chain management EXCEPT ________.

Accepted Answer

A)  removing inventory 
B)  payroll 
C)  purchasing items from the manufacturer 
D)  the customer's payment 
A)  removing inventory 
B)  payroll 
C)  purchasing items from the manufacturer 
D)  the customer's payment

Question 17

The ________ is a phenomenon in which the variability in the size and timing of orders increases at each state up the supply chain.

Accepted Answer

A)  demand of the retailer 
B)  bullwhip effect 
C)  reorder point 
D)  amplification effect 
A)  demand of the retailer 
B)  bullwhip effect 
C)  reorder point 
D)  amplification effect

Question 18

Explain inter-enterprise IS processes with an example.

Accepted Answer

An inter-enterprise is an information sy

Question 19

________ is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organizations in the supply chain incur to obtain that revenue.

Accepted Answer

A)  Supply chain sustainability 
B)  Supply chain compatibility 
C)  Supply chain profitability 
D)  Supply chain feasibility 
A)  Supply chain sustainability 
B)  Supply chain compatibility 
C)  Supply chain profitability 
D)  Supply chain feasibility

Question 20

Juicebox Inc., a fruit juice processing company, has been facing irregular demand patterns for the last two years. These large fluctuations have created a bullwhip effect for the company. Which of the following steps will Juicebox Inc. most likely take to cope with this effect?

Accepted Answer

A)  carry larger inventories 
B)  follow the just-in-time inventory policy 
C)  reduce its annual production of juice 
D)  reduce the number of employees to cut costs 
A)  carry larger inventories 
B)  follow the just-in-time inventory policy 
C)  reduce its annual production of juice 
D)  reduce the number of employees to cut costs

Exam 22: Supply Chain Management

Increasing the size of an inventory reduces the cost of the inventory.

Which of the following factors influences supply chain performance by affecting the ways that organizations in the supply chain request, respond, and update one another?

Which of the following statements is TRUE of supply chains?

Nathan is in charge of inventory management at a furniture manufacturing company. Given his role, Nathan will be responsible ________.

Every supply chain has four basic components: suppliers, manufacturers, distributors, and retailers.

Which of the following is used as the measure of supply chain speed?

At each level of a supply chain, an organization can work with many organizations both up and down the supply chain.

The bullwhip effect explains the amplification of demand at various stages of a supply chain.

Zim-ware, a kitchenware brand, recently started selling its products online. It plans to increase the sale of its products using e-commerce. Which of the following is Zim-ware most likely to experience as a result of this system change?

When Disney Studios and Pixar Studios share an information system, they are using ________.

________ occurs when a company such as Dell omits a part of the supply chain relationship and sells directly to the consumer.

Many organizations can share a single inter-enterprise information system.

Which of the following statements is TRUE of inventory?

Define supply chain profitability. How is it different from individual organizational profitability?

True demand is the demand from the only party that introduces money into the system.

All of these are steps in supply chain management EXCEPT ________.

The ________ is a phenomenon in which the variability in the size and timing of orders increases at each state up the supply chain.

Explain inter-enterprise IS processes with an example.

________ is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organizations in the supply chain incur to obtain that revenue.

Juicebox Inc., a fruit juice processing company, has been facing irregular demand patterns for the last two years. These large fluctuations have created a bullwhip effect for the company. Which of the following steps will Juicebox Inc. most likely take to cope with this effect?

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