Question 1

The tier one, tier two, and tier three supplier designations are based upon whom the suppliers are providing materials or services to.

Accepted Answer

A) True 
 B)False

Question 2

What do studies suggest are the three sources of impact?

Accepted Answer

A)  Reduce waste, leverage core competence, and create new opportunities
B)  Provide quantity discounts, reduce waste, and create new opportunities
C)  Create detailed contracts, reduce waste, and create new opportunities
D)  Create detailed contracts, leverage core competence, and reduce waste
E)  Create detailed contracts, leverage core competence, and create new opportunities

Question 3

Compare the access differences among the Internet, an intranet, and an extranet.

Accepted Answer

The Internet is wide open, the...

Question 4

Online retailing, or B2C, has shifted:

Accepted Answer

A)  the cost of doing business.
B)  the power from the suppliers to the consumers.
C)  the way the internet works.
D)  internal corporate power to the IT department.
E)  corporate funding levels to the IT department.

Question 5

________, ________, ________ are critical factors in successful partnering.

Accepted Answer

Impact, in...

Question 6

Name three benefits of B2B e-commerce: ______________________, ______________________, _______________________.

Accepted Answer

Any three of: lower procuremen...

Question 7

Companies want a supply chain that makes it possible to:

Accepted Answer

A)  manage all suppliers' development costs.
B)  manage and adapt to all of the business dynamics.
C)  manage distribution display.
D)  manage distribution outlet retail prices.
E)  manage customer demands.

Question 8

Partnerships between supplier and purchaser are easier to develop when there is (are)______________________ supplier(s).

Accepted Answer

The answer of Partnerships between supplier and purchaser are easier...

Question 9

What does TL stand for?

Accepted Answer

A)  Transportation lead time
B)  Transportation logistics
C)  Trucking line
D)  Trucking life
E)  Truckload (quantity)

Question 10

Supply chain management provides the company with a sustainable, competitive advantage.

Accepted Answer

A) True 
 B)False

Question 11

What are the Institute for Supply Management's principles of ethical supply chain management conduct?

Accepted Answer

A)  objectivity always, loyalty to your organization, and faith in your profession
B)  objectivity always, justice to those with whom you deal, and faith in your profession
C)  objectivity always, justice to those with whom you deal, and loyalty to your organization
D)  objectivity always, know the law, and justice to those with whom you deal
E)  loyalty to your organization, justice to those with whom you deal, and faith in your profession

Question 12

Annual fixed costs are $900,000 and $800,000 for outsourcing and insourcing, respectively, and variable costs are $28 and $32 for outsourcing and insourcing, respectively. If current annual demand is 22,000 units, by how much must demand increase in order for outsourcing to become cheaper?

Accepted Answer

3000 units (Q* = (FC_Make ...

Question 13

Which of the following is not an argument in favor of having a single supplier?

Accepted Answer

A)  Quantity discounts may be achieved.
B)  Partnering becomes more possible.
C)  Consistency of input materials is achieved.
D)  Probability of assured supply is better.
E)  Deliveries can be scheduled more easily.

Question 14

Which of the following is least likely to be a benefit of implementing barcode scanners at retail store checkout registers?

Accepted Answer

A)  Improved forecasting
B)  More efficient packaging of customer orders
C)  Improved inventory control
D)  Faster checkout for customers
E)  More accurate checkout for customers

Question 15

Net marketplaces are designed to:

Accepted Answer

A)  bring together only internal resources.
B)  bring together limited external resources.
C)  bring together significant number of purchasing firms.
D)  limit the number of daily transactions.
E)  limit cyber security risks.

Question 16

What term refers to attaining levels of productivity and competitiveness that are not possible through normal supplier relationships?

Accepted Answer

A)  Intimacy
B)  Vision
C)  Impact
D)  Power
E)  Collusion

Question 17

Several studies report that the top three criteria for selecting suppliers are ________, ________, and ________.

Accepted Answer

price, qua...

Question 18

According to several studies, what are the three most important criteria for selecting suppliers?

Accepted Answer

A)  Price, quality, fast delivery
B)  Quality, fast delivery, on-time delivery
C)  Price, flexibility, on-time delivery
D)  Quality, flexibility, fast delivery
E)  Price, quality, on-time delivery

Question 19

A recent change in supply chain management has been the:

Accepted Answer

A)  need for faster computers.
B)  green supply chain management requirement.
C)  requirement for advanced educational degrees.
D)  increased government regulation.
E)  need for smaller ocean transportation methods.

Question 20

Which of the following is not a typical result of the bullwhip effect?

Accepted Answer

A)  Absenteeism
B)  Lost revenues
C)  Ineffective transportation use
D)  Poor customer service levels
E)  Misused manufacturing capacity

Exam 4: E-Commerce and Supply Chain Management

Online retailing, or B2C, has shifted:

Correct AnswerverifiedShow Answer

Several studies report that the top three criteria for selecting suppliers are ________, ________, and ________.

Correct Answerverifiedprice, qua...View AnswerShow Answer

Net marketplaces are designed to:

Correct AnswerverifiedShow Answer

Partnerships between supplier and purchaser are easier to develop when there is (are)______________________ supplier(s).

Correct AnswerverifiedShow Answer

Which of the following is least likely to be a benefit of implementing barcode scanners at retail store checkout registers?

Correct AnswerverifiedShow Answer

According to several studies, what are the three most important criteria for selecting suppliers?

Correct AnswerverifiedShow Answer

Annual fixed costs are $900,000 and $800,000 for outsourcing and insourcing, respectively, and variable costs are $28 and $32 for outsourcing and insourcing, respectively. If current annual demand is 22,000 units, by how much must demand increase in order for outsourcing to become cheaper?

Correct Answerverified3000 units (Q* = (FCMake ...View AnswerShow Answer

A recent change in supply chain management has been the:

Correct AnswerverifiedShow Answer

What are the Institute for Supply Management's principles of ethical supply chain management conduct?

Correct AnswerverifiedShow Answer

Name three benefits of B2B e-commerce: ______________________, ______________________, _______________________.

Correct AnswerverifiedAny three of: lower procuremen...View AnswerShow Answer

What term refers to attaining levels of productivity and competitiveness that are not possible through normal supplier relationships?

Correct AnswerverifiedShow Answer

________, ________, ________ are critical factors in successful partnering.

Correct AnswerverifiedImpact, in...View AnswerShow Answer

Companies want a supply chain that makes it possible to:

Correct AnswerverifiedShow Answer

Compare the access differences among the Internet, an intranet, and an extranet.

Correct AnswerverifiedThe Internet is wide open, the...View AnswerShow Answer

Which of the following is not a typical result of the bullwhip effect?

Correct AnswerverifiedShow Answer

What does TL stand for?

Correct AnswerverifiedShow Answer

What do studies suggest are the three sources of impact?

Correct AnswerverifiedShow Answer

Which of the following is not an argument in favor of having a single supplier?

Correct AnswerverifiedShow Answer

Supply chain management provides the company with a sustainable, competitive advantage.

Correct AnswerverifiedShow Answer

The tier one, tier two, and tier three supplier designations are based upon whom the suppliers are providing materials or services to.

Correct AnswerverifiedShow Answer

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Several studies report that the top three criteria for selecting suppliers are , , and .

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price, qua...
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Name three benefits of B2B e-commerce: , , ___.

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Any three of: lower procuremen...
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, , are critical factors in successful partnering.

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Impact, in...
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The Internet is wide open, the...
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