Quiznetik
Supply Chain Management | Set 3
1. Time utility is created by
A. Operation function.
B. Logistics function.
C. Procurement function.
D. Distribution function.
Correct : D. Distribution function.
2. MRP stands for
A. Material requirement planning.
B. Manpower recruitment process.
C. Machine repair plan.
D. Mechanical re-engineering process.
Correct : A. Material requirement planning.
3. Master planning in the planning hierarchy
A. determines the direction of business.
B. creates the capacity.
C. involves the functional planning.
D. provides specification for manufacturing.
Correct : A. determines the direction of business.
4. Master scheduling is the process that
A. determines the direction of business.
B. creates the capacity.
C. involves the functional planning.
D. provides specification for manufacturing.
Correct : B. creates the capacity.
5. Customer order processing level is that
A. determines the direction of business.
B. creates the capacity.
C. involves the functional planning.
D. provides specification for manufacturing.
Correct : D. provides specification for manufacturing.
6. Master planning deals with
A. customer interface.
B. marketing interface.
C. supplier interface.
D. manufacturing interface.
Correct : C. supplier interface.
7. The service mission of logistics
A. reflect the vision of top management.
B. deal with basic services required for delivering of goods.
C. refers to the value-added services offered.
D. reflects the ability of firm to exploit market.
Correct : D. reflects the ability of firm to exploit market.
8. Firm infrastructure is __________ in the generic value chain of logistics
A. a support activity.
B. a primary activity.
C. not an activity.
D. the only activity.
Correct : A. a support activity.
9. Inbound and outbound logistics is _________ in the generic value chain of logistics.
A. a support activity.
B. a primary activity.
C. not an activity.
D. the only activity.
Correct : B. a primary activity.
10. HRM is _________ in the generic value chain of logistics.
A. a support activity.
B. a primary activity.
C. not an activity.
D. the only activity.
Correct : C. not an activity.
11. Marketing and sales is ___________ in the generic value chain of logistics.
A. a support activity.
B. a primary activity.
C. not an activity.
D. the only activity.
Correct : B. a primary activity.
12. Competitive advantage can be created and achieved by logistics managers by
A. cost advantage.
B. Quality.
C. value advantage.
D. cost and value advantage.
Correct : D. cost and value advantage.
13. Real time communication of information regarding requirements and availability of logistics service is the core of
A. right response.
B. right quality.
C. right quantity.
D. right value.
Correct : A. right response.
14. The maintenance of a minimum possible level of inventory required for a desired level of customer service is the objective of
A. right response.
B. right quality.
C. right quantity.
D. right value.
Correct : C. right quantity.
15. The logistical objective that ensures a proper balance between total logistics cost and a desired level of customer service performance is
A. right response.
B. right quality.
C. right cost trade off.
D. right information.
Correct : C. right cost trade off.
16. Just in time is a practice followed in
A. Japan.
B. America.
C. Britain.
D. China.
Correct : A. Japan.
17. The term which covers the operation of shifting the cargo to or from the vessel is
A. Rigging.
B. Slinging.
C. Carnage.
D. Forced discharge.
Correct : B. Slinging.
18. The term used for loading or unloading of heavy cargo is
A. Rigging.
B. Carnage.
C. Slinging.
D. Forced discharge.
Correct : B. Carnage.
19. The term used for carriage of goods when points of origin and destination are both within the sovereignty of UK is
A. ULD.
B. Classification rate.
C. Valuation charge.
D. Cabotage.
Correct : D. Cabotage.
20. The delivery of a damaged product has
A. An increase in its value.
B. A decrease in its value.
C. No change in its value.
D. Better demand.
Correct : B. A decrease in its value.
21. The flow of work in process is
A. From a supplier to producer.
B. From the last production price to ultimate user.
C. Between the various production sub-system.
D. Between the various distribution channels.
Correct : C. Between the various production sub-system.
22. The flow of information that facilitates co-ordination activities is
A. Forward information flow.
B. Backward information flow.
C. Upward information flow.
D. Downward information flow.
Correct : B. Backward information flow.
23. Unreliability of vendors leads to
A. Production uncertainty.
B. Process uncertainty.
C. Demand uncertainty.
D. Supply uncertainty.
Correct : D. Supply uncertainty.
24. The internal process leads to
A. Production uncertainty.
B. Process uncertainty.
C. Demand uncertainty.
D. Supply uncertainty.
Correct : B. Process uncertainty.
25. The uncertainty that could be reduced through forecasting techniques is
A. Production uncertainty.
B. Process uncertainty.
C. Demand uncertainty.
D. Supply uncertainty.
Correct : C. Demand uncertainty.
26. The number of stages that the goods and services flow through
A. Add to the complexity of SCM.
B. Relaxes the complexity of SCM.
C. Brings no change in complexity of SCM.
D. Ensures better quality.
Correct : A. Add to the complexity of SCM.
27. The warehousing function that combines the logistical flow of several small shipments to a specific market area is
A. Break bulk function.
B. Operational function.
C. Stockpiling function.
D. Consolidation function.
Correct : D. Consolidation function.
28. Cash on delivery method is normally used for
A. Bulk cargo with immediate market.
B. Slow moving items.
C. Small but valuable items sent by post.
D. Exports to countries with balance of payments problems.
Correct : C. Small but valuable items sent by post.
29. An appropriate strategy to achieve timely, accurate, paperless information flow is:
A. integrate this activity into all supply chain planning.
B. efficient store assortments.
C. revision of organization processes supported by information systems.
D. efficient replacement.
Correct : C. revision of organization processes supported by information systems.
30. An appropriate strategy to maximize efficiency of promotions is:
A. revision of organization processes supported by information systems.
B. efficient store assortments..
C. integrate this activity into all supply chain planning.
D. efficient replacement.
Correct : C. integrate this activity into all supply chain planning.
31. An appropriate strategy to optimize for time and cost in the ordering process is:
A. efficient store assortments.
B. revision of organization processes supported by information systems.
C. integrate this activity into all supply chain planning.
D. efficient replacement.
Correct : D. efficient replacement.
32. An appropriate strategy to optimize the productivity of retail space and inventory is:
A. efficient store assortments.
B. revision of organization processes supported by information systems.
C. integrate this activity into all supply chain planning.
D. efficient replacement.
Correct : A. efficient store assortments.
33. The upstream supply chain is:
A. exclusively inside an organization.
B. involved with procurement of material from suppliers.
C. the distribution of products or delivery of services to customers.
D. both the first and third answer above.
Correct : B. involved with procurement of material from suppliers.
34. The downstream supply chain is:
A. exclusively inside an organization.
B. involved with procurement of material from suppliers.
C. the distribution of products or delivery of services to customers.
D. both the first and third answer above.
Correct : C. the distribution of products or delivery of services to customers.
35. The correct sequence of an organizations supply chain from a systems perspective is:
A. transformation process, delivery to customers, acquisition of resources.
B. transformation process, acquisition of resources, delivery to customers.
C. acquisition of resources, transformation process, delivery to customers.
D. delivery to customers, acquisition of resources, transformation process.
Correct : C. acquisition of resources, transformation process, delivery to customers.
36. ______ offers the opportunity to buy direct from the supplier with reduced costs and shorter cycle.
A. Reintermediation
B. Countermediation
C. Contramediation
D. Disintermediation
Correct : D. Disintermediation