Page 1 out of 10. Viewing questions 1-15 out of 155
Question 1
Which of the following terms represents a complete supply chain dedicated to the flow of products and materials for the purpose of returns, repair, remanufacture, or recycling?
A.
Responsible landfill
B.
Remanufacturing resource planning
C.
Reverse logistics
D.
Global distribution
Answer:
C
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Question 2
Which of the following processes is concerned with the change of ownership of goods and services?
A.
Distribution channel
B.
Supply chain
C.
Transaction channel
D.
Value chain
Answer:
C
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Question 3
Which of the following processes is concerned with the transfer or delivery of goods or services?
A.
Distribution channel
B.
Supply chain
C.
Transaction channel
D.
Value chain
Answer:
A
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Question 4
Which of the following actions is an example of a company expanding its customer service offering?
A.
Adding a distribution center
B.
Increasing work-in-process (WIP) inventory
C.
Implementing statistical process control (SPC)
D.
Decreasing manufacturing lot sizes
Answer:
A
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Question 5
Which of the following activities positions goods or services closer to the customer?
A.
Distribution
B.
Manufacturing
C.
Materials handling
D.
Transportation
Answer:
A
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Question 6
To provide the required level of customer service, to minimize the costs of transportation and handling, and to interact with a factory to minimize scheduling problems are all objectives of:
A.
enterprise resources planning.
B.
distribution inventory management.
C.
sales and operations planning.
D.
customer relations management.
Answer:
B
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Question 7
Typically the highest cost for warehousing is the cost related to:
A.
space.
B.
labor.
C.
equipment for materials handling.
D.
the information system.
Answer:
A
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Question 8
Which of the following typically would be the most economical mode of transportation for crude oil to an oil refinery?
A.
Water
B.
Pipeline
C.
Truck
D.
Rail
Answer:
B
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Question 9
Which of the following factors would reduce inventory carrying costs?
A.
Ordering less inventory
B.
Higher costs of working capital
C.
Reducing ordering costs
D.
Reducing transportation costs
Answer:
A
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Question 10
Consignment stock is typically owned by:
A.
a supplier until consumed.
B.
the company who will consume the stock.
C.
a joint trust set up for this purpose.
D.
the carrier who transports the stock.
Answer:
A
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Question 11
Which of the following differences must be taken into consideration when dealing with a global distribution system?
A.
Culture
B.
Cost
C.
Carriers
D.
Computer systems
Answer:
A
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Question 12
Companies typically make final purchasing decisions based on which of the following supplier characteristics?
A.
Reverse logistics
B.
Personal relationships
C.
Delivery reliability
D.
Market share
Answer:
C
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Question 13
The final purchasing steps in order completion are:
A.
receipt of goods and approval of invoice.
B.
selecting suppliers and receipt of goods.
C.
requesting quotations and approval of invoice.
D.
selecting suppliers, follow-up, and delivery.
Answer:
A
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Question 14
An appropriate reason to carry safety stock is to protect against:
A.
demand fluctuations before the order point is reached.
B.
demand fluctuations after the order point is reached.
C.
price fluctuations before the order point is reached.
D.
price fluctuations after the order point is reached.
Answer:
B
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Question 15
Increasing sales through the Internet will result in an increased demand for reverse: