Multiple Choice Questions

Which of the following is not a measure of the reliability of the supply chain?
  • universal product codes
  • supply chain response time
  • larger number of suppliers
  • quick response to local needs
The interface between the firm and its suppliers is:
  • Purchasing cycle
  • value analysis
  • purchasing
  • RFID
Which of the following is a barrier to integration of separate organizations in the supply chain? (I) conflicting objectives of the companies in the chain. (II) different level of capacity of the companies in the chain. (III) reluctance of the organizations in the chain to allow other organizations access to their data.
  • I and III
  • I, II, and III
  • Stability
  • I and II
The website and order fulfillment are essential features of:
  • e-commerce
  • Backsourcing
  • purchasing
  • radio frequency identification tags
A factor that makes it desirable for business organizations to actively manage their supply chains is:
  • increasing globalization
  • universal product codes
  • high annual cost-volume
  • larger number of suppliers
Which of the following is not an application of E-business?
  • larger number of suppliers
  • inventory turnover
  • quick response to local needs
  • universal product codes
The purchasing perspective of the supplier as a partner is characterized by:
  • Tactical, operational
  • one or a few suppliers
  • receiving a requisition
  • high annual cost-volume
Outsourcing followed by __________ is not simple.
  • Source
  • Backsourcing
  • purchasing
  • Stability
The two types of decisions that are relevant to supply chain management are:
  • inventory turnover
  • Tactical, operational
  • larger number of suppliers
  • universal product codes
Which of the following is least likely to be a key consideration when a company chooses a supplier?
  • vendor analysis
  • inventory turnover
  • I, II, and III
  • value analysis
Examination of the sources of supply for purchased parts or materials in order to improve performance is called:
  • value analysis
  • Bullwhip effect
  • vendor analysis
  • I, II, and III
Real time information about product movement on store shelves could benefit from the use of:
  • e-commerce
  • quick response to local needs
  • radio frequency identification tags
  • larger number of suppliers
Vendor Analysis is the examination of the _________ of purchased materials.
  • Backsourcing
  • fill rate
  • RFID
  • Source
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.
  • value analysis
  • I and II
  • I, II, and III
  • I, II, and IV
The activity which begins with a request from within the organization is:
  • one or a few suppliers
  • purchasing
  • Tactical, operational
  • Purchasing cycle
Last quarter, a retailer sold 8,000 t-shirts, 7,000 of which were sold directly from on-hand inventory. This retailer's ________ was 88%.
  • Bullwhip effect
  • I and II
  • fill rate
  • value analysis
Logistics includes all of these except:
  • customer selection
  • Bullwhip effect
  • one or a few suppliers
  • Backsourcing
The purchasing cycle begins with:
  • Tactical, operational
  • receiving a requisition
  • one or a few suppliers
  • Purchasing cycle
Which of the following is not a performance driver?
  • Stability
  • frequent deliveries of smaller shipment
  • I and II
  • I and III
Which of the following is a principle required for ethical behavior in purchasing?A. loyalty to employer. B. justice to those you deal with. C. faith in your profession. D. all of the above.E. none of the above.
  • inventory turnover
  • I and II
  • all of the above.
  • value analysis
Which of the following is not a goal of supply chain management?
  • larger number of suppliers
  • lowest possible transportation costs
  • supply chain response time
  • quick response to local needs
A given inventory item has a per-year holding cost of $One method of shipping this item is three days faster than the other, but it is $2.50 more per unit. Using the slower method would be __________ more expensive overall than using the faster method.
  • Source
  • I and III
  • I and II
  • $1.61
Small changes in consumer demand can result in large variations in orders placed because of the ...
  • vendor analysis
  • Bullwhip effect
  • value analysis
  • fill rate
Which of the following is not a benefit of RFID?
  • quick response to local needs
  • larger number of suppliers
  • Stability
  • frequent deliveries of smaller shipment
_________ has helped business concentrate on their core business.
  • Your husband, he's definitely the greatest!
  • e-commerce
  • B2B
  • Outsourcing
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Multiple Choice Questions
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