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Question 25 of 25

Question 1 of 25

1.0 Points Two common measures of supply chain flexibility are volume and mix flexibility. True False Reset Selection

Question 2 of 25

1.0 Points Supply chain sustainability includes concern for human rights of workers in the supply chain. True False Reset Selection

Question 3 of 25

1.0 Points Major product redesign is often needed to make infrastructure improvements in the supply chain. A. True B. False Reset Selection

Question 4 of 25

1.0 Points The objective of structural and infrastructure changes is the same: To remove sources of uncertainty, to reduce replenishment time, and to reduce total cost of supplying the market. A. True B. False Reset Selection

Question 5 of 25

1.0 Points In supply chain improvement, it is often necessary to reduce the setup time of equipment dramatically so that smaller lots of the product can be economically produced. A. True B. False Reset Selection

Question 6 of 25

1.0 Points It is bad to have a negative cash-to-cash cycle in which the firm receives payment before it pays its suppliers. A. True B. False Reset Selection

Question 7 of 25

1.0 Points Final consumers can be found farthest downstream in the supply chain. A. True B. False Reset Selection

Question 8 of 25

1.0 Points Demand chain management tries to match supply and demand. A. True B. False Reset Selection

Question 9 of 25

1.0 Points Outsourcing occurs when a firm moves work performed internally to another facility belonging to the same firm but in another country. A. True B. False Reset Selection

Question 10 of 25

1.0 Points Even with perfect information available at all levels, the bullwhip effect can be observed in a supply chain because of short replenishment lead times. True False Reset Selection

Question 11 of 25

2.0 Points Which of the following statements is NOT true regarding supply chain operations? A. All elements of the supply chain are interconnected and dependent on each other. B. Demand changes by the end user can create a bullwhip effect in the supply chain. C. Time lags in the supply chain serve to create fluctuations in orders and inventories. D. With perfect information at all levels of the supply chain, there will not be a bullwhip effect. E. None of the above. Reset Selection

Question 12 of 25

2.0 Points A supply chain refers to: A. The internal sequence of operations consisting of purchasing, fabrication, assembly, and distribution B. The route from the producer upstream through the distributors to the customer C. The design and management of processes across organizational boundaries to meet the real needs of the end customer D. The chain of activities that includes market research, design, production and distribution Reset Selection

Question 13 of 25

2.0 Points The SCOR model includes all of the following processes except: A. Source B. Make C. Recycle D. Deliver E. Plan Reset Selection

Question 14 of 25

2.0 Points Backward or upstream supply chain flows include: A. Information B. Monetary payments C. Materials D. All of the above Reset Selection

Question 15 of 25

2.0 Points Supply chain sustainability is accomplished primarily through A. Innovation in products B. Innovation in processes C. Selection of suppliers who help pursue the triple bottom line D. All of the above Reset Selection

Question 16 of 25

2.0 Points To reduce supply chain risk, a company should A. Concentrate its supply chain in the same geographic area B. Buy the same critical item from two or more suppliers C. Reduce the amount of inventory held internally or by suppliers D. Do all of the above Reset Selection

Question 17 of 25

2.0 Points Which of the following is NOT true of vertical integration? A. Leads to greater flexibility to changing technology B. Can result in a loss of economies of scale C. Helps achieve control of the supply chain D. Reap profits of the supplier or distributor when there is an attractive return from investment Reset Selection

Question 18 of 25

2.0 Points Which of the following is NOT true about supply chain dynamics? A. The supply chain is a highly interactive system. B. There is an accelerator effect in the supply chain due to replenishment lead times. C. The best way to improve the supply chain is to increase the total replenishment time. D. All the above statements are true. Reset Selection

Question 19 of 25

2.0 Points Which of the following is NOT a specific measure of supply chain performance? A. Time B. Quality C. Delivery D. Innovation Reset Selection

Question 20 of 25

2.0 Points Specific measures of supply chain performance include all of the following except: A. Unit cost B. On-time delivery C. Volume flexibility D. Supplier turnover Reset Selection

Question 21 of 25

2.0 Points Which of the following is a way to improve the infrastructure in the supply chain? A. Lean systems B. Major product redesign C. Forward and Backward integration D. Outsourcing logistics to a third party Reset Selection

Question 22 of 25

2.0 Points The efficient consumer response (ECR) movement was formed as a partnership among retailers, wholesalers, and producers in what industry? A. Garment industry B. Grocery industry C. Automotive industry D. Stationery industry Reset Selection

Question 23 of 25

2.0 Points The flow of materials from upstream nodes into a firm is called: A. Physical supply B. Physical distribution C. Demand management D. None of the above Reset Selection

Question 24 of 25

2.0 Points Given the following data for a make or buy decision: Alternative Fixed Cost Variable Cost Buy $0 per year $8 per unit Make $100,000 per year $4 per unit What is best (least) cost if the company needs a quantity of 15,000 units per year? A. $60,000 B. $100,000 C. $120,000 D. $160,000 E. None of the above Reset Selection

Question 25 of 25

2.0 Points Given the following data for a make or buy decision: Alternative Fixed Cost Variable Cost Buy $0 per year $8 per unit Make $100,000 per year $4 per unit Based solely on the cost, for what quantity (units per year) would the firm be indifferent between buying or making? A. 15,000 units B. 20,000 units C. 25,000 units D. 60,000 units E. None of the above Reset Selection

Explanation / Answer

We are required to do only 4 parts of the question

1. The given statement is true as two common measures of supply chain are volume and mix flexibility.

2. The supply chain sustainability takes in account human rights, labour, environment and anti corruption. Hence the given statement is TRUE.

3. Major product redesign is not necessary to make infrastructure improvements in the supply chain. Hence the given statement is FALSE.

4. The objective of structural and infrastructure changes are to remove sources of uncertainty, to reduce replenishment time, and to reduce total cost of supplying the market. Hence the given statement is TRUE.

5. The given statement is TRUE.

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