Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not a benefit of RFID?

Accepted Answer

A)   increased productivity
B)   elimination of paperwork
C)   frequent deliveries of smaller shipments
D)   reduction in clerical labor
E)   increased accuracy

Question 3

Scheduling and maintaining equipment are operational decisions.

Accepted Answer

A) True 
 B)False

Question 4

Vendor analysis has the greatest potential for savings for items which have:

Accepted Answer

A)   low cost per unit.
B)   low annual cost-volume.
C)   high cost per unit.
D)   high annual usage.
E)   high annual cost-volume.

Question 5

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 ethical

Question 6

Information technology is the key to success of global supply chains.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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 only

Question 9

An advantage of decentralized purchasing is the attention given to local needs.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is part of the purchasing cycle?
(I)  Purchasing selects a supplier.
(II)  Orders from vendors are received.
(III)  Purchasing receives a requisition.

Accepted Answer

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

Question 11

Which of the following is not a benefit of centralized purchasing?

Accepted Answer

A)   potential for quantity discounts
B)   better service from suppliers
C)   quick response to local needs
D)   potential for use of purchasing specialists
E)   supplier research

Question 12

The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Logistics includes all of these except:

Accepted Answer

A)   the movement of materials within a production facility.
B)   incoming shipments of goods or materials.
C)   outgoing shipments of goods or materials.
D)   customer selection.
E)   returned goods processing.

Question 15

In e-commerce, the front-end design is significantly more important than the back-end design.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is not a performance driver?

Accepted Answer

A)   quality
B)   cost
C)   stability
D)   velocity
E)   flexibility

Question 17

One of the major reasons for a company to adopt third-party logistics is to concentrate on one's core business.

Accepted Answer

A) True 
 B)False

Question 18

Using third-party fulfillment means losing control of fulfillment.

Accepted Answer

A) True 
 B)False

Question 19

A factor that makes it desirable for business organizations to actively manage their supply chains is:

Accepted Answer

A)   more potential vendors.
B)   increasing globalization.
C)   downsizing.
D)   the Internet.
E)   RFIDs.

Question 20

Our organization can obtain visibility to potential trading partners on the Internet by using:

Accepted Answer

A)   C2C.
B)   B2C.
C)   B2B.
D)   C2B.
E)   2BC.

Exam 15: Supply Chain Management

Which of the following is part of the purchasing cycle? (I) Purchasing selects a supplier. (II) Orders from vendors are received. (III) Purchasing receives a requisition.

Correct AnswerverifiedShow Answer

Using third-party fulfillment means losing control of fulfillment.

Correct AnswerverifiedShow Answer

A factor that makes it desirable for business organizations to actively manage their supply chains is:

Correct AnswerverifiedShow Answer

Logistics includes all of these except:

Correct AnswerverifiedShow Answer

Scheduling and maintaining equipment are operational decisions.

Correct AnswerverifiedShow Answer

Which of the following is not a benefit of RFID?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is not a benefit of centralized purchasing?

Correct AnswerverifiedShow Answer

Vendor analysis has the greatest potential for savings for items which have:

Correct AnswerverifiedShow Answer

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 materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

Correct AnswerverifiedShow Answer

Information technology is the key to success of global supply chains.

Correct AnswerverifiedShow Answer

An advantage of decentralized purchasing is the attention given to local needs.

Correct AnswerverifiedShow Answer

Which of the following is not a performance driver?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

One of the major reasons for a company to adopt third-party logistics is to concentrate on one's core business.

Correct AnswerverifiedShow Answer

In e-commerce, the front-end design is significantly more important than the back-end design.

Correct AnswerverifiedShow Answer

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

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

Our organization can obtain visibility to potential trading partners on the Internet by using:

Correct AnswerverifiedShow Answer

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