SCSC

"If Z-score >2.99, then the company is expected to be incur heavy losses expected to be financially stable expected to go bankrupt within 2 years "

expected to be financially stable

"________consists of stock accumulated in advance of expected peak in sales that take care of some special event that does not occur on a regular basis Speculation stock... Dead stock Cycle stock Pipeline Inventory Safety stock Seasonal stock Decoupling stock Anticipation stock "

Anticipation stock

"Descriptive research is advantageous because it is conclusive, helps to segment and target markets True False"

TRUE

"______ includes all fixed costs (components of costs that do not vary with the size of the order) associate with placing an order A. Inventory Carrying Costs B. Stockout Costs C. Ordering Costs"

C. Ordering Costs"

"Qualitative research is a research method where only descriptive or qualitative data is produced by means of in-depth interviews and focus groups. In this method it is not possible to produce quantifiable data True False"

TRUE

"Supply chain is usually managed electronically by using Web technologies exclusively. True False"

TRUE

"The advantages of a focus group are new ideas, engaging, flexible and produces immed iate resuIts True False"

TRUE

"The four Competitive Priorities are cost, quality, speedltime and Flexibility. True False"

TRUE

"what are the disadvantages of secondary data? It is not designed to specifically meet the researcher's needs It is time consuming It is expensive It is out of date information "

not designed to specifically meet the researchers needs.

"Which of the following is a benefit to the supplier of a long-term customer-supplier relationship? A. An improved ability to plan B. Improved product quality C. More frequent shipments D. Reduced transportation costs "

" A. An improved ability to plan "

"Which of the following statements is most accurate? A. Independent demand items should be forecast. B. A forecast for sales next year will not be as accurate as a forecast for a year from now. C. Forecasts for families of products should be built up from individual product forecasts. D. Forecasts are almost always accurate. "

" A. Independent demand items should be forecast. "

"What important assumption is made about quantitative forecasting methods? A. The past is a valid indicator of the future. B. Demand trend is seldom linear. C. Seasonal variations are small. D. Random variations are small. "

A.The past is a valid indicator of the future

"Beyond the traditional supply chain, who does supply chain need to work with? Marketing IT Accounting Finance All of the above "

All of the above

"In a decentralized distribution system, the role of the central supply organization is to A. Determine when to replenish stock at the distribution centers B. Respond to demands from the distribution centers C. Coordinate communications among distribution centers D. Forecast demand at each distribution center. "

B. Respond to demands from the distribution centers

"Which of the following is a characteristic of demand? A. Mean absolute variation B. Seasonal variation C. Average variation D. Standard Deviation "

B. Seasonal variation

"Which of the following statements is most accurate? A. Demand fluctuations that depend on the time of the year, week, or day are called trend. B. The seasonal index is an estimate of how much the demand during the season will be above or below the average demand. C. Seasonality always occurs in summer, winter, spring, and fall. D. Random variation is constant from period to period. "

B. The seasonal index is an estimate of how much the demand during the season will be above or below the average demand.

"DHL, Cargo, Boeing, ConsultinglMarketing Agencies are all examples of what type of business model? B2B B2C It depends on the quality of the product Both A and B "

B2B

"Under which of the following circumstances will firms generally make-to-stock? A. Demand is unpredictable B. Many product options exist C. Required delivery times are shorter than the time needed to make the product D. Customers require special engineering "

C. Required delivery times are shorter than the time needed to make the product

"Which of the following defines the sequence of operations to be performed to manufacture a part? A. Item master B. Bill of material C. Routing D. Shop calendar "

C. Routing

"Which of the following is an objective of purchasing? A. To keep many sources of supply available to ensure competitive pricing B. To control budgetary expenditures of all employees through sound purchase order control C. To obtain goods and services of the required quality and right cost D. d. To ensure that goods are always purchased at the lowest price "

C. To obtain goods and services of the required quality and right cost

"Which of the following is an element of manufacturing lead time? A. Design time B. Delivery lead time C. Wait time D. Purchase lead time

C. Wait time

"What other areas outside the supply chain are needed on the process? A. IT B. Marketing C. Accounting and Finance D. All of the above E. A and B only "

D. All of the above

"Which of the following statements is true regarding total productive maintenance? A. Skilled mechanics are used to perform routine machine maintenance. B. Inspectors are used to ensure that every machine is ready for work at all times. C. Operators regularly report maintenance productivity to management. D. Machine operators take responsibility for most of the routine machine maintenance. "

D. Machine operators take responsibility for most of the routine machine maintenance.

"When an intermediate and end customer return products, obtain warranty repairs, or throwaway or recycle them is an example of: A. Purchase B. Logistics C. Procurement D. Reverse Logistics "

D. Reverse Logistics

"Encouraging or helping the firm's suppliers to perform in some desired fashion is called as, A. Customer Management B. Process Management C. Operations Management D. Supplier Management"

D. Supplier Management

"SLR Electronics is a Japanese company that favors an intermediate form of integrating their supply chain operations called "keiretsu." What is the relationship between suppliers and customers like in this type of integration? A. Suppliers and customers are completely dependent of each other B. Suppliers and customers are not completely dependent of each other C. Suppliers and customers are completely independent of each other D. Suppliers and customers are not completely independent of each other"

D. Suppliers and customers are not completely independent of each other

"This__________provides the flexibility needed by each decision-making unit to manage its operations independently and to optimize its performance. Cycle stock Speculation stock Pipeline Inventory Seasonal stock Anticipation stock Safety stock Dead stock Decoupling stock "

Decoupling stock

"What are the four ways companies compete? A. Cost B. Quality C. Speed /Time D. Flexibility E. All of above"

E. All of above

"The inventory resulting from the production or purchase in batches is called: A. Speculation stock B. Pipeline Inventory C. Safety stock D. Seasonal stock E. Anticipation stock F. Cycle stock G. Dead stock H. Decoupling stock "

F. Cycle stock

"What is Accounts Receivable? It is the amount of money that the company is yet to pay to its Suppliers ) It is the amount of money that the company is yet to receive from its customers It is the amount of money that the company is yet to receive from its Suppliers It is the amount of money that the company is yet to pay to its customers "

It is the amount of money that the company is yet to receive from its customers

"_______ is a number or code used to identify each unique product or item for sale in a store or other business. Stock keep unit RFID code Electronic product code"

Stock keep unit

"In a situation when a company loses potential sales because of the non-availability of finished goods, the cost is called as Stockout cost Lost sales cost"

Stockout cost

"A. Maximum customer service and low-cost plant operation "

Strategy Model

"Procurement mean request for bids from sole buyer True False"

True

"The types of survey design are structured questions, unstructured questions and undisguised Vs disguised True False"

True

"A firm whose business boundaries include one-time suppliers and/or customers is called as_____ Horizontally Integrated Firm Inorganic firm Vertically Integrated Firm Organic firm"

Vertically Integrated Firm

"Select one answer. What document is automatically generated after a sales order is created? Purchase Order Contract Purchase Requisition "

" Purchase Order"

"what are the advantages of in-depth interviews? 1. High accuracy rate 2. Free of cost 3. Latest Information 4. Reliable data 3&4 1,3& 4 2&3 1&2

" respondents are usually more open, can be anonymous, more likely to stay on track. "

"How can a manager use market research to analyse and select target markets? (pick 3 correct answers) A. determine market characteristics and trends (Missed) B. price, what would people pay? (Missed) C. look at market segments (Missed) D. design of logo E. what to have for lunch today "

" A. determine market characteristics and trends B. price, what would people pay? C. look at market segments "

"Which of the following company objectives are in conflict? A. Maximum customer service and low-cost plant operation B. Low-cost plant operation and cash flow C. Maximum inventory investment and customer service D. d. Cash flow and profitability"

"A. Maximum customer service and low-cost plant operation "

"How can managers use market research to identify and evaluate opportunities? A. understand different items to be displayed at Point of Sale B. estimate of market potential predictions about future environmental conditions (Missed) C. develop new products, develop new price structure evaluate how your product can perform better against competitors (Missed) D. who should be hired for promotional product pushing E. why? Who cares? "

"B. estimate of market potential predictions about future environmental conditions C. develop new products, develop new price structure evaluate how your product can perform better against competitors "

"Group appropriate boxes together • Spend Management tools - Zycus, Ariba, Endeca, Emptons • ERP Tools - SAP, Oracle, Baan • Price Forecasting Techniques - Linear Regression, Multiple Regression, Weighted Average"

"• Spend Management tools - Zycus, Ariba, Endeca, Emptons • ERP Tools - SAP, Oracle, Baan • Price Forecasting Techniques - Linear Regression, Multiple "

"A purchase requisition is a request to purchase materials or services,while a purchase order is a legal agreement between a Buyer and a supplier for the provision of goods. A. True b. False"

A. True

"The master production schedule (MPS) is A. an anticipated build schedule B. an input to the production plan C. a statement of forecast demand D. driven by material requirements planning "

A. an anticipated build schedule

"Find the Price of Lithographic inks for the year 2009 by performing a linear regression between lithographic ink price and pigment price 2.34 2.51 2.68 2.90"

2.34

"18. A primary advantage of electronic data interchange (EDI) with suppliers is that it A. reduces paperwork B. bypasses the buyer C. employs the latest technology D. supports unlimited forms of communications "

A. reduces paperwork

"A Marketing Information System(MIS)is a continuing and interacting structure of people, equipment and procedures to gather, sort, analyse,evaluate, and distribute pertinent, timely and accurate information for use by marketing decision makers to improve their marketing planning, implementation, and control"" A. True B. False"

A. True

"______ is the process of obtaining services, supplies, and equipment in conformance with corporate regulations. Procurement Operations Logistics Purchasing"

Procurement

"If the annual cost of goods sold is $10 million and the average inventory is $2.5 million, what is the inventory turnover ratio? A. $7.5 million B. .25 C. 2.5 D. d. 4 "

A. $7.5 million

What are the four competitive priorities mentioned in class? A. Cost, Quality, SpeedlTime, Flexibility B. Inventory, Retail management, Flexibility, Supply Chain C. Both A and B D. None of the above

A. Cost, Quality, SpeedlTime, Flexibility

"STAY Cosmetics has noticed some erratic and unpredictable changes in company performance. Delivery has changed and slowed due to company cutbacks. This issue could cause which of the following: A. Disgruntled and unhappy customers B. Employee clean-up appreciation C. An increase in customer retention D. Good scores on company survey E. Six-sigma initiatives "

A. Disgruntled and unhappy customers

"A forecast is typically more accurate for A. Groups of items rather than for individual items B. Daily rather than monthly periods of time C. Physical Units rather than monetary units D. Far out in the future rather than nearer time periods "

A. Groups of items rather than for individual items

"Why is manufacturing important to the economy? A. It adds value to products to generate wealth. B. b. It uses natural resources and prevents waste. C. It decreases employment and generates wealth. D. It prevents waste and decreases employment. "

A. It adds value to products to generate wealth

"Which of the following activities occurs during the Plan Procurements process? A. Make-or-buy decisions B. Answering sellers' questions about the bid documents C. Advertising D. Proposal evaluation"

A. Make-or-buy decisions

"Which of the following production environments (manufacturing strategies) produces the longest delivery lead time? A. Make-to-order B. Assemble-to-order C. Make-to-stock D. Continuous manufacturing "

A. Make-to-order

"Which of the following is most likely to be a dependent demand item? A. Manufactured subassembly B. an item in a grocery store C. a service part D. an office supply item "

A. Manufactured subassembly

"What is meant by price? A. Price = Actual Cost of Production + Profit Margin B. Price = Discount - Profit C. Price = Actual Cost of production + Discount D. Price = Final cost -Discount "

A. Price = Actual Cost of Production + Profit Margin

"What are the 4 P's in marketing? (Planning and Implementing the Marketing Mix) A. Pricing, Position, Promotion, Product (Correct Answer) B. P is for pardon pig C. Peace, Piece, Peas, Piss "

A. Pricing, Position, Promotion, Product

"Below is a list of Industry best practices to reduce price quoted by a supplier during procurement of goods or services. Choose the option which is not a best practice. A. Procurement of many goods & services from a single supplier B. Conduct a reverse auction C. Buying in bulk D. Dictate the supplier to reduce price. E. Long term contract with a fixed price lower than prevailing market rate"

A. Procurement of many goods & services from a single supplier

"______ is a letter sent by a customer to a supplier, to inform the supplier that their invoice has been paid. A. Remittance advice B. Purchase Order C. RFQ D. RFI "

A. Remittance advice

"Defects, Overproduction, Transportation, Motion, Waiting, Inventory, and Over-processing are A. Shigeo Shingo's 7 types of waste B. Not important for businesses C. Primary goals of a business D. None of the above "

A. Shigeo Shingo's 7 types of waste

"A Planned PO is a long-term agreement committing to buy items or services from a a. Single source b. Mulitple source"

A. Single source

"Material requirements planning (MRP) schedules a planned order receipt when A. A gross requirement exists B. A net requirement exists C. An exception is generated D. Safety stock is zero "

B. A net requirement exists

"Which of the following is typically characterized as an element of the supply chain? A. Finance B. Distribution C. Quality control D. Engineering "

B. Distribution

"The Most popular research tools used in the market are A. CAD and dot net B. MS-Excel, SPSS, Minitab, Micro strategy and SAS C. C&c++ D. Java and Php"

B. MS-Excel, SPSS, Minitab, Micro strategy and SAS

"What is the name of the set of priority panning techniques for planning component items below the end-item level? A. Master scheduling B. Material requirements planning (Correct Answer) C. Capacity planning D. Production control "

B. Material requirements planning (Correct Answer)

"Which forecasting technique takes the average demand for some past number of periods? A. Trend time average B. Moving average C. Demand smoothing D. Qualitative analysis "

B. Moving average

"Owner's equity is A. Revenue less liabilities B. Revenue less expenses C. Assets less liabilities D. Assets less expenses "

C. Assets less liabilities

"Manufacturing has a primary responsibility for which of the following dimensions of quality? A. Product performance B. Aesthetics C. Conformance D. Aftermarket service "

C. Conformance

"Which of the following is the best statement about the general principles of forecasting? A. Forecasts are more accurate for individual items than for groups of items. B. Forecasts are more accurate for distant periods of time. C. Every forecast should include an estimate of error. D. Forecasts are usually accurate. "

C. Every forecast should include an estimate of error.

"Product Customization and Volume are forms of what A. Logistics B. Quality C. Flexibility D. All of the above"

C. Flexibility

"In a traditional manufacturing environment, which of the following objectives are in conflict? A. Maximizing customer service and increasing inventory investment B. Minimizing production costs and increasing inventory investment C. Minimizing production costs and decreasing inventory investment D. Minimizing customer service and decreasing inventory investment "

C. Minimizing production costs and decreasing inventory investment

"An example of the contract price in a cost plus fixed fee (CPFF) contract is Costs, whatever they are, plus, S10,000 as fee S10,000 plus fee S150 per hour S10,000 "

Costs, whatever they are, plus, S10,000 as fee

"Steve's Steak House Franchise has abandoned the idea of vertical integration and is now outsourcing to India all of their packaging needs and materials. What is a negative aspect of switching to a lateral strategy such as outsourcing? A. More difficult to achieve economies of scale and scope B. Business expertise and focus weakens C. Communication technology becomes less effective D. Pricing and quality go down E. Synchronizing the activities of a lateral chain of independent firms is more challenging "

E. Synchronizing the activities of a lateral chain of independent firms is more challenging

"Acme Auto, which started out as a single dealership, has a vertical supply chain owning all links within its supply chain. The company is experiencing explosive growth and is planning on opening up an additional 500 dealerships nationwide calling for them to switch to a lateral supply chain. Which of the following is a benefit of lateral supply chain management? A. The ability to be self-sufficient B. All divisions are completely visible to the parent company C. The ability to remain in control D. All company operations can be synchronized by directives from the top. E. The ability to outsource least effective areas of the business.

E. The ability to outsource least effective areas of the business.

"_____ is the order quantity that minimizes total inventory holding costs and ordering costs Six sigma quantity Delta quantity Economic order quantity"

Economic order quantity

"The Term supply chain management applies only to Service sector True False"

False"

"Expanding the supply chain, increasing its responsiveness, greening of the supply chain, and cost reduction are: Demand management Materials requirement planning Four trends of supply chain Just-In-Time None of the above"

Four trends of supply chain

"The Inco terms FAS stands for Free Alongside Ship For Accessing Ship Free Access to Ship Free Amortized Ship"

Free Alongside Ship

"In Pharmaceutical Industry, GMP stands for Good Manufacturing Practice Good Member Partner Gold Manufacturing Partner Gold Member Partner"

Good Manufacturing Practice

"In USA, a MNC having companies that are owned by minority groups as its suppliers is known as Supplier diversity. From the list below choose the group which is not a Minority Group in USA Minority owned business enterprises (MBE Women owned business enterprises (WBE) Veteran owned business enterprises (VBE) Government Owned business enterprises (GBE) "

Government Owned business enterprises (GBE)

"What is Gross Profit Margin? • Gross Profit Margin = Gross Income/Revenue Gross Profit Margin = Net IncomelSales Gross Profit Margin = Gross Income/Sales Gross Profit Margin = Gross Income/Operating Profit"

Gross Profit Margin = Gross Income/Revenue

"These are examples of duties: Distribution/ warehousing, Infrastructure management Packaging, Containerization, transportation, documentation. Third party management and communication: Retail operations Support accounting Procurement Logistics "

Logistics

"A Standard PO is created for One-time purchase of various items One-time purchase of a single item "

One-time purchase of various items

"A _______________RFID tag is one that simply stores data and draw power from a reader whose electromagnetic wave induces a current in the tag's antenna for shortrange communication (up to 10m). Active Tag PassiveTag Semi-passive tag"

PassiveTag

"___________Consists of materials actually being worked on (work-in process, inventory or being moved from one location to another in the chain (in transit inventory). Anticipation stock Dead stock Seasonal stock Speculation stock Pipeline Inventory Safety stock Cycle stock Decoupling stock "

Pipeline Inventory

"What type of market research is a survey? Desk research Secondary Research Primary Research Lab research"

Primary Research

"Operating rate is equal to Supply/Demand Demand/Supply Capacity/Production Production/capacity"

Production/capacity

"______ are maintained as a safeguard against uncertainties of demand and supply: Dead stock Pipeline Inventory Anticipation stock Safety stock Seasonal stock Cycle stock Decoupling stock Speculation stock-----~ "

Safety stock

"SWOT Analysis stands for Superior, Workable, Opportunity and Training Supreme, Wise, Organizing and Technical Strengths, Weakness, Opportunity and Technology Strengths, Weakness, Opportunity and Threats "

Strengths, Weakness, Opportunity and Threats

"Which company designed the KANBAN system? Toyota Honda General Motors Motorola"

Toyota

"The Z-score for a public company is calculated using the following ratios: X1 = Working Capital/Total Assets X2 = Retained Earnings/Total Assets X3 = Earning before Taxes + Interest)/Total Assets X4 = Market Value of Equity/Total Liabilities X5 = Net Sales/Total Assets Choose the correct formula from the list: Z = 1.4X1 - 4X2 + 3.3X3 + 0.6 X4 + XS Z = 1.2X2 + 1.4X3 + 3.3Xl+ 0.6 X4 + XS Z = 1.2X1+ 1.4X2 + 3.3X3 + 0.6 X4 + XS Z = 1.9X1 + 1.4X4 + 3.3X3 + 0.6 X2 + XS "

Z = 1.2X1+ 1.4X2 + 3.3X3 + 0.6 X4 + XS

"Purchase order Pull in means: change a schedule PO line delivery date to an earlier date change a scheduled PO line delivery date to a later date "

change a schedule PO line delivery date to an earlier date

"Which of the following is the next step in the purchasing cycle after a requisition is generated? A. Follow up B. Approve payment C. Receive goods D. Issue purchase order "

d. Issue purchase order

"What is the name of materials used in the production process that do not become part of the product? A. Raw materials B. Work in process C. Finished goods D. d. Maintenance, repair, and operating supplies"

d. Maintenance, repair, and operating supplies

"Which of the following four Ps influences how physical distribution planning and execution addresses product volume, location of demand, and demand fluctuations? A. Product B. Price C. Place D.Promotion "

d. Promotion

"e-SCM stands for: e-supply chain- manager e-supply change management e-supply chain management "

e-supply chain management

"_____ is the COORDINATED Planning and Execution of the following: - Product Distribution throughout the Supply Chain - Who gets what? - Preparation of Packaged Product - Movement Itinerary (Transport) - Storage Itinerary (Warehousing) logistics Operations Procurement Purchasing"

logistics

"From the list below choose the website where you cannot purchase a research report www.reuters.com www.internationalbusinessstrategies.com www.marketsmonitor.com www.strategyr.com www.marketresearch.com www.freedoniagroup.com "

www.reuters.com

"If C is carrying cost,D is total demand (units) and F is Fixed cost per order, then the formula to calculate Economic order quantity is {2FD/C} 1/2 {2FCJO} 1/2 {2COIF} 1/2 {20/FC} 1/2 "

{2FD/C} 1/2