Question 1

The acts of receiving shipments,breaking down shipments,repackaging shipments,and distributing components to a manufacturing location or finished products to customers by a distribution center is referred to as:

Accepted Answer

A) Piggy backing 
B) Crossdocking 
C) Transshipping 
D) Customs Brokering

Question 2

What does LTL stand for in the transportation industry?

Accepted Answer

A) Logistical Train-car Lift 
B) Less-Than-Truckload 
C) Large Truck Leasing 
D) Local Train Logistics carriers

Question 3

According to the textbook,retail stores are considered the focal firms in modern supply chains.

Accepted Answer

A) True 
 B)False

Question 4

In the manufacturing sector,the percentage of purchases to sales averages 55 percent.

Accepted Answer

A) True 
 B)False

Question 5

While transportation regulation and deregulation both have their supporters,proponents of regulation consider it to be good since it is said to encourage competition and allows the negotiation of prices to dictate market costs.

Accepted Answer

A) True 
 B)False

Question 6

Improved quality is one benefit of using a lean production system.​

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is NOT a characteristic of cost-of-service pricing?

Accepted Answer

A) Prices are established based on fixed and variable costs of transportation 
B) Prices vary based on volume and distance 
C) Prices tend to rise as shipping distance increases 
D) Carriers price their services at the highest levels the markets will bear

Question 8

Competition today is no longer between firms; it is between the supply chains of those firms.

Accepted Answer

A) True 
 B)False

Question 9

While high speed trains in the United States are commonly utilized to provide quick delivery of product,countries like Japan and France are struggling to develop a competitive high-speed rail system.

Accepted Answer

A) True 
 B)False

Question 10

According to the text,currently the three largest private warehouse operators in North America are:

Accepted Answer

A) United Parcel Service, Wal-Mart and Sears Holding Corp. 
B) United Parcel Service, Target and U.S. Army 
C) Target, Microsoft and U.S. Army 
D) Wal-Mart, Ford Motor Corp. and U.S. Army

Question 11

Discuss the differences between supply chain partnerships of the past and those that have developed today.

Accepted Answer

The answer of Discuss the differences between supply chain partnerships...

Question 12

Supply chain management does not require the coordination of activities and flows that do not extend across boundaries.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is strategy usually employed by lean organizations in an effort to ensure continued quality compliance among suppliers and with internal production facilities?

Accepted Answer

A) MRP II 
B) Six Sigma 
C) 3PL 
D) CAPS

Question 14

_____ refers to the process of assessing and selecting the structure and formal system of communication,division of labor,coordination,control,authority,and responsibility required to achieve organizational goals and objectives,including supply chain objectives.​

Accepted Answer

A) Supply chain orientation 
B) Human resource management 
C) Demand planning 
D) Organizational design 
E) Extended value chain

Question 15

According to the textbook,'integration' is one of the four supply chain elements.

Accepted Answer

A) True 
 B)False

Question 16

Suppose you have a shipment of products that needs to be transported.What type of service does each of the following intermediaries offer?
∙Freight forwarders
∙Transportation brokers
∙Shippers' Associations

Accepted Answer

The answer of Suppose you have a shipment of products...

Question 17

Which of the following is NOT consistent with a decentralized warehousing system?

Accepted Answer

A) Higher safety stocks required 
B) Shorter lead times 
C) Lower transportation fees 
D) Lower total operating costs

Question 18

The following are all examples of lean warehousing capabilities EXCEPT:

Accepted Answer

A) Decreased assembly operations 
B) Greater emphasis on crossdocking 
C) Reduced lot sizes and shipping quantities 
D) Increased automation

Question 19

According to the textbook,the keys to successful supply chain management include trust,cooperation,collaboration and honest,accurate communications between supply chain partners.

Accepted Answer

A) True 
 B)False

Question 20

_ Small events such as weather and traffic problems which can impact deliveries are a part of supply chain risk.

Accepted Answer

A) True 
 B)False

Exam 1: Introduction to Supply Chain Management

The acts of receiving shipments,breaking down shipments,repackaging shipments,and distributing components to a manufacturing location or finished products to customers by a distribution center is referred to as:

What does LTL stand for in the transportation industry?

According to the textbook,retail stores are considered the focal firms in modern supply chains.

In the manufacturing sector,the percentage of purchases to sales averages 55 percent.

While transportation regulation and deregulation both have their supporters,proponents of regulation consider it to be good since it is said to encourage competition and allows the negotiation of prices to dictate market costs.

Improved quality is one benefit of using a lean production system.​

Which of the following is NOT a characteristic of cost-of-service pricing?

Competition today is no longer between firms; it is between the supply chains of those firms.

While high speed trains in the United States are commonly utilized to provide quick delivery of product,countries like Japan and France are struggling to develop a competitive high-speed rail system.

According to the text,currently the three largest private warehouse operators in North America are:

Discuss the differences between supply chain partnerships of the past and those that have developed today.

Supply chain management does not require the coordination of activities and flows that do not extend across boundaries.

Which of the following is strategy usually employed by lean organizations in an effort to ensure continued quality compliance among suppliers and with internal production facilities?

_____ refers to the process of assessing and selecting the structure and formal system of communication,division of labor,coordination,control,authority,and responsibility required to achieve organizational goals and objectives,including supply chain objectives.​

According to the textbook,'integration' is one of the four supply chain elements.

Suppose you have a shipment of products that needs to be transported.What type of service does each of the following intermediaries offer? ∙Freight forwarders ∙Transportation brokers ∙Shippers' Associations

Which of the following is NOT consistent with a decentralized warehousing system?

The following are all examples of lean warehousing capabilities EXCEPT:

According to the textbook,the keys to successful supply chain management include trust,cooperation,collaboration and honest,accurate communications between supply chain partners.

_ Small events such as weather and traffic problems which can impact deliveries are a part of supply chain risk.

Improved quality is one benefit of using a lean production system.

_____ refers to the process of assessing and selecting the structure and formal system of communication,division of labor,coordination,control,authority,and responsibility required to achieve organizational goals and objectives,including supply chain objectives.