Description of this paper

Finance test




Question;True or False1. True Cargo is freight plus mail2. True or False The downstream end of a supply chain is supplier end3. True or False In the ?unionist perspective? SCM is part of logistics4. True or False A system includes: inputs, processes, outputs, and sychronization5. True or False Containerisation was first developed in the 1970s6. True or False A low value, high volume shipment has a high transport cost penalty7. True or False The term supply chain management was introduced around the 1960s8. True or False A supply chain is best understood as a linear chain9. True or False In the context of global logistics the acronym ?TNC? stands fortransnational corporation10. True or False A transnational company portrays more of a global identity than amultinational company11. True or False Offshoring can be defined as the transfer to a third party of the managementand delivery of a process previously performed by the company itself12. True or False Craft production allows high output volume with low output variety13. True or False Another name for postponement is delayed product design14. True or False An agile supply chain strategy works best with short lead time,unpredictable demand15. True or False Another term used to describe the ?functional? nature of manyorganisations is silo16. True or False A leagile supply chain strategy works best with long lead time, predictabledemand17. True or False The consignee is the company or individual who sends the consignment18. True or False The term NVOCC is an acronym for non-vessel-owning common carrier19. True or False Sourcing = procurement + purchasingMultiple Choice (There is only one answer per question)20. Effective transport deregulation typically aims to achieve (at least in theory):a. cost reduction21. Ethnocentricity involves:a. adopting the perspective only of the home country where its headquarters are locatedb. adopting the host country perspectivec. the company not adopting any particular country perspective(s)22. How many groups of incoterms are there?a. Twob. Threec. Four23. The acronym ?RFI? as understood in the procurement process means:a. request for identificationb. road freight informationc. request for information24. A higher score on the environmental separation index between an outsourcer and an outsourcee indicates:a. large differences in work practices, culture and perceptions between an outsourcer and an outsourceb. small differences in work practices, culture and perceptions between an outsourcer and an outsource25. Very slow moving items of inventory are likely to be classified in an ABC inventory classification system as:a. ?A? itemsb. ?B? itemsc. ?C? items26. In the economic order quantity (EOQ) model the following two sets of costs are considered:a. Inventory carrying costs and order set-up costsb. Inventory carrying costs and costs associated with inventory in transitc. Order set-up costs and sourcing costs27. Inventory turnover is the ratio of:a. value of average inventory held throughout the year divided by cost of allgoods sold in a yearb. cost of all goods sold in a year divided by value of average inventory heldthroughout the yearc. value of average inventory held throughout the year divided by value of all goods sold in a year28. A JIT system is likely to be charcaterised by:a. frequent orders of small quantitiesb. less frequent orders of large quantitiesc. bulk orders or large quantities29. Cross docking is:a. A process that bypasses storageb. A process that reduces materials handlingc. A process that improves product quality30. Materials requirements planning (MRP) systems are used to:a. Plan and control orders with dependent demandb. Plan and control orders with independent demandc. Forecast demanda. Pick accuracy confirmation31. When factory gate pricing is used who usually arranges transportation of the freight:a. The consignorb. The consigneec. The carrier32. The acronym ?FCL? stands for:a. Final container loadb. Full container loadc. Final cargo load33. Volumetric charging uses which of the following criteria to determine a freight rate:a. Dimensionsb. Weightc. Perishability34. CVP analysis is:a. Cost, value, profit analysisb. Cost, volume, profit analysisc. Cash, value, profit analysis35. An ?SLA? is:a. a supplier location agreementb. a service level agreementc. a service location agreement36. The acronym ?CSI? used in a logistics context stands for:a. Carrier Safety Initiativeb. Container Security Initiativec. Carrier Security Implementation37. The Sarbanes-Oxley Act originated in:a. Europeb. Asiac. The US38. Which of these statements is correct?a. Supply chain collaboration cannot be achieved through information technology solutions aloneb. Vendor managed inventory (VMI) is dependent upon decentralised supply chain controlc. CPFR is not constrained by scale and complexity, when it is implementedShort Answer Questions39. Explain how reduction in lead-time can help a supply chain reduce its inventory buffer without hurting customer service.40. Explain the distinction between outsourcing and offshoring.


Paper#40640 | Written in 18-Jul-2015

Price : $35