Question 1

Each level of a supply chain has a distinct source of revenue.

Accepted Answer

A) True 
 B)False  False

Question 2

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 C

Question 3

Decreasing the size of an inventory decreases the odds that an item will be unavailable for purchase.

Accepted Answer

A) True 
 B)False  False

Question 4

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

Question 5

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.

Question 6

The large fluctuations of the bullwhip effect force organizations to stock fewer inventories than needed.

Accepted Answer

A) True 
 B)False

Question 7

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 8

The bullwhip effect increases if all the participants in the supply chain have an access to consumer-demand information from the retailer.

Accepted Answer

A) True 
 B)False

Question 9

How do information systems affect supply chain performance?

Accepted Answer

Information systems, such as customer re

Question 10

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

Accepted Answer

Supply chain profitability is the differ

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Which of the following refers to the way organizations share their information?

Accepted Answer

A) means 
B) purpose 
C) availability 
D) intent 
A) means 
B) purpose 
C) availability 
D) intent

Question 13

________ 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 14

Inter-enterprise information systems are necessary to share consumer-demand information.

Accepted Answer

A) True 
 B)False

Question 15

The cloud storage has increased the costs of integrating an organization's information systems.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Explain the bullwhip effect with an example.

Accepted Answer

The bullwhip effect is a phenomenon in w

Question 18

Which of the following statements is true of an inter-enterprise system?

Accepted Answer

A) It is constant in scope and complexity. 
B) It cannot be customized to the needs of organizations. 
C) It is shared by two or more independent organizations. 
D) It is easier to manage than other types of systems. 
A) It is constant in scope and complexity. 
B) It cannot be customized to the needs of organizations. 
C) It is shared by two or more independent organizations. 
D) It is easier to manage than other types of systems.

Question 19

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

Question 20

The phenomenon in which the variability in the size and timing of orders increases at each stage up the supply chain is referred to as the ________.

Accepted Answer

A) synergistic effect 
B) flanging effect 
C) stack effect 
D) bullwhip effect 
A) synergistic effect 
B) flanging effect 
C) stack effect 
D) bullwhip effect

Exam 22: Supply Chain Management

Each level of a supply chain has a distinct source of revenue.

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

Decreasing the size of an inventory decreases the odds that an item will be unavailable for purchase.

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?

The large fluctuations of the bullwhip effect force organizations to stock fewer inventories than needed.

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

The bullwhip effect increases if all the participants in the supply chain have an access to consumer-demand information from the retailer.

How do information systems affect supply chain performance?

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

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

Which of the following refers to the way organizations share their information?

________ 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.

Inter-enterprise information systems are necessary to share consumer-demand information.

The cloud storage has increased the costs of integrating an organization's information systems.

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

Explain the bullwhip effect with an example.

Which of the following statements is true of an inter-enterprise system?

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?

The phenomenon in which the variability in the size and timing of orders increases at each stage up the supply chain is referred to as the ________.

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