BUSI 110 MIDTERM Exam - Coastline Community College | BUSI110 MIDTERM Exam

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BUSI 110 MIDTERM Exam - Coastline Community College Question 1 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113883 Which of the following can be classi... fied as a 3PL? 20290   A company that offers warehousing services A company that offers warehousing services   exact_answer none 20290 margin of error +/- 901   A company that offers transportation services A company that offers transportation services   exact_answer none 901 margin of error +/- 26736   A company that offers customs clearing services A company that offers customs clearing services   exact_answer none 26736 margin of error +/- 34007   All of these All of these   exact_answer none 34007 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 2 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113934 Which of the following would be a good reason to outsource (buy) versus making? 23161   To utilize existing capacity within a company's own firm To utilize existing capacity within a company's own firm To utilize existing capacity within a company's own firm To utilize existing capacity within a company's own firm   exact_answer none 23161 margin of error +/- 79106   No competent supplier presently produces the needed item No competent supplier presently produces the needed item   exact_answer none 79106 margin of error +/- 12427   A firm lacks the technology or expertise to produce an item A firm lacks the technology or expertise to produce an item   exact_answer none 12427 margin of error +/- 84362   To have more direct control over the design and production of an end item To have more direct control over the design and production of an end item   exact_answer none 84362 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 3 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113898 Which of the following types of warehouses takes a large number of LTL shipments and repackages them in TL or CL quantities to a manufacturer or user-facility located in another area or region? 14284   Transfer warehouse Transfer warehouse   exact_answer none 14284 margin of error +/- 21851   Consolidation warehouse Consolidation warehouse   exact_answer none 21851 margin of error +/- 50749   Breakbulk warehouse Breakbulk warehouse   exact_answer none 50749 margin of error +/- 27483   Public warehouse Public warehouse   exact_answer none 27483 margin of error +/- 7219   Private warehouse Private warehouse   exact_answer none 7219 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 4 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113941 While most public procurement is focused on goals similar to those of purchasing departments in the private sector, U.S. federal government purchases must comply with the: 87881   Fair Standards and Equitable Purchases Act Fair Standards and Equitable Purchases Act   exact_answer none 87881 margin of error +/- 69975   Federal Code of Conduct for Procurement Federal Code of Conduct for Procurement   exact_answer none 69975 margin of error +/- 368   Federal Acquisition Regulation Federal Acquisition Regulation   exact_answer none 368 margin of error +/- 22478   Services and Materials Acquisition Act Services and Materials Acquisition Act   exact_answer none 22478 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 5 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113894 The following supply chain concept was introduced in the 1990's in an attempt to reduce waste and increase performance: 28663   Offshoring Offshoring   exact_answer none 28663 margin of error +/- 54835   Vertical Integration Vertical Integration   exact_answer none 54835 margin of error +/- 31445   Material Requirement Planning Material Requirement Planning   exact_answer none 31445 margin of error +/- 6683   Business Process Reengineering Business Process Reengineering   exact_answer none 6683 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 6 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113899 Which of the following modes of cargo transport can be characterized as being the most inexpensive and very slow, yet good for transporting very heavy goods a long-distance? 21302   Rail Carriers Rail Carriers   exact_answer none 21302 margin of error +/- 91597   Water/Rail Carriers Water/Rail Carriers   exact_answer none 91597 margin of error +/- 2206   Air Carriers Air Carriers   exact_answer none 2206 margin of error +/- 18236   Motor Carriers Motor Carriers   exact_answer none 18236 margin of error +/- 3185   Water Carriers Water Carriers   exact_answer none 3185 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 7 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113925 When a material is not available in the warehouse and there is no current supplier for the item, the buyer must identify a pool of suppliers and issue a: 5564   Purchase Order Purchase Order   exact_answer none 5564 margin of error +/- 44610   Contract for Sale Contract for Sale   exact_answer none 44610 margin of error +/- 12716   Request for Quotation Request for Quotation   exact_answer none 12716 margin of error +/- 43229   Sales Order Sales Order   exact_answer none 43229 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 8 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113928 Which of the following documents is considered the buyer's offer to purchase products or services from a supplier, is legally binding once the supplier accepts it, and usually has the terms and conditions of purchase preprinted on the back of the document? 17753   Purchase order Purchase order   exact_answer none 17753 margin of error +/- 38767   Material requisition Material requisition   exact_answer none 38767 margin of error +/- 15499   Purchase requisition Purchase requisition   exact_answer none 15499 margin of error +/- 72725   Planned order release Planned order release   exact_answer none 72725 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 9 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113915 Which of the following is a reason small value purchases are handled differently? 83024   To control unnecessary administrative costs To control unnecessary administrative costs   exact_answer none 83024 margin of error +/- 3958   To obtain a higher quality product To obtain a higher quality product   exact_answer none 3958 margin of error +/- 17182   To give the buyer additional supplier choices To give the buyer additional supplier choices   exact_answer none 17182 margin of error +/- 17929   To have better tracking of material usage To have better tracking of material usage   exact_answer none 17929 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 10 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113855 The following is an example of the bullwhip effect: 52818   Barkley's products are so successful that it adds a new retailer for distribution Barkley's products are so successful that it adds a new retailer for distribution Barkley's products are so successful that it adds a new retailer for distribution Barkley's products are so successful that it adds a new retailer for distribution   exact_answer none 52818 margin of error +/- 89603   Barkley's is unhappy with the performance of a distributor which causes a chain-reaction of replacements to companies involved in its supply chain Barkley's is unhappy with the performance of a distributor which causes a chain-reaction of replacements to companies involved in its supply chain Barkley's is unhappy with the performance of a distributor which causes a chain-reaction of replacements to companies involved in its supply chain Barkley's is unhappy with the performance of a distributor which causes a chain-reaction of replacements to companies involved in its supply chain   exact_answer none 89603 margin of error +/- 89106   Barkley's incorrectly anticipates consumer demand resulting in stockouts at several popular retailers Barkley's incorrectly anticipates consumer demand resulting in stockouts at several popular retailers Barkley's incorrectly anticipates consumer demand resulting in stockouts at several popular retailers Barkley's incorrectly anticipates consumer demand resulting in stockouts at several popular retailers   exact_answer none 89106 margin of error +/- 12583   Barkley's produces a defective product and thus realizes an excessive increase in consumer returns Barkley's produces a defective product and thus realizes an excessive increase in consumer returns Barkley's produces a defective product and thus realizes an excessive increase in consumer returns Barkley's produces a defective product and thus realizes an excessive increase in consumer returns   exact_answer none 12583 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 11 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113856 Which of the following would be considered a third party provider? 36826   A firm that leases storage warehousing A firm that leases storage warehousing   exact_answer none 36826 margin of error +/- 67806   A Raw materials supplier A Raw materials supplier   exact_answer none 67806 margin of error +/- 77623   An end product manufacturer An end product manufacturer   exact_answer none 77623 margin of error +/- 27798   An intermediate component manufacturer An intermediate component manufacturer   exact_answer none 27798 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 12 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113907 The acts of receiving shipments, breaking down shipments, repackaging shipments, and distributing components to a manufacturing location or finished products to customers by a distribution center is referred to as: 79319   Customs Brokering Customs Brokering   exact_answer none 79319 margin of error +/- 39389   Piggy backing Piggy backing   exact_answer none 39389 margin of error +/- 33346   Logistics Brokers Logistics Brokers   exact_answer none 33346 margin of error +/- 6174   Crossdocking Crossdocking   exact_answer none 6174 margin of error +/- 11384   Transshipping Transshipping   exact_answer none 11384 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 13 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113896 Which of the following carriers typically transports goods for the company that owns the carrier, they are not subject to economic regulation, and since the fleets are rather large the cost of transport is very likely less than if the company had hired another company to provide the service? 29976   Common carrier Common carrier   exact_answer none 29976 margin of error +/- 82728   Private Carrier Private Carrier   exact_answer none 82728 margin of error +/- 95886   Contract Carrier Contract Carrier   exact_answer none 95886 margin of error +/- 755   Exempt Carrier Exempt Carrier   exact_answer none 755 margin of error +/- 60681   all of the above all of the above   exact_answer none 60681 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 14 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113864 Right-shoring refers to: 56122   An expansion of the supply chain An expansion of the supply chain   exact_answer none 56122 margin of error +/- 9097   Contraction activities within the supply chain Contraction activities within the supply chain   exact_answer none 9097 margin of error +/- 89667   An increase in the responsiveness of the supply chain An increase in the responsiveness of the supply chain   exact_answer none 89667 margin of error +/- 3495   A decrease in the responsiveness of the supply chain A decrease in the responsiveness of the supply chain   exact_answer none 3495 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 15 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113910 According to the text, a warehouse location strategy that proposes locating a warehouse closest to the sources of supply is referred to as: 27916   b and c b and c   exact_answer none 27916 margin of error +/- 9138   Intermediately positioned strategy Intermediately positioned strategy   exact_answer none 9138 margin of error +/- 34037   Supply positioned strategy Supply positioned strategy   exact_answer none 34037 margin of error +/- 98375   Market positioned strategy Market positioned strategy   exact_answer none 98375 margin of error +/- 34453   Product positioned strategy Product positioned strategy   exact_answer none 34453 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 16 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113857 Which of the following statements is TRUE? 14932   Strategic partnerships are seen as one of the foundations of supply chain management Strategic partnerships are seen as one of the foundations of supply chain management   exact_answer none 14932 margin of error +/- 45453   Supply chain management was invented by the auto manufacturing industry Supply chain management was invented by the auto manufacturing industry   exact_answer none 45453 margin of error +/- 16321   Purchasing is seen as the final and most difficult step in the supply chain Purchasing is seen as the final and most difficult step in the supply chain   exact_answer none 16321 margin of error +/- 48438   Service response logistics is the digital distribution of services Service response logistics is the digital distribution of services   exact_answer none 48438 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 17 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113863 Assembly or production of finished products, producing the right amount of product, and ensuring that finished products meet specific quality, cost, and customer service requirements are all important issues that are most closely related to: 34240   Operations Operations   exact_answer none 34240 margin of error +/- 75603   Distribution Distribution   exact_answer none 75603 margin of error +/- 53409   Purchasing Purchasing   exact_answer none 53409 margin of error +/- 94139   Integration Integration   exact_answer none 94139 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 18 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113873 According to the text, the FOUR important elements of the supply chain are: 47384   Purchasing, manufacturing, logistics, transportation Purchasing, manufacturing, logistics, transportation   exact_answer none 47384 margin of error +/- 59471   Supply, operations, logistics, integration Supply, operations, logistics, integration   exact_answer none 59471 margin of error +/- 91010   Purchasing, manufacturing, transportation, retail stores Purchasing, manufacturing, transportation, retail stores   exact_answer none 91010 margin of error +/- 73618   Supply, operations, manufacturing, distribution Supply, operations, manufacturing, distribution   exact_answer none 73618 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 19 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113867 The term Supply Chain Management and the field of study it represents today seems to have emerged in the: 51333   1990's 1990's 1990's 1990's   exact_answer none 51333 margin of error +/- 8555   1970's 1970's 1970's 1970's   exact_answer none 8555 margin of error +/- 70857   1980's 1980's 1980's 1980's   exact_answer none 70857 margin of error +/- 23900   1960's 1960's 1960's 1960's   exact_answer none 23900 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 20 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113929 Benefits derived from implementing e-procurement systems include all of the following EXCEPT: 58026   Creates numerous additional job opportunities in the purchasing department Creates numerous additional job opportunities in the purchasing department   exact_answer none 58026 margin of error +/- 93168   Allows buyers to submit bids and suppliers to respond to those bids in real time Allows buyers to submit bids and suppliers to respond to those bids in real time   exact_answer none 93168 margin of error +/- 89783   Increases the accuracy in communication between buyers and suppliers Increases the accuracy in communication between buyers and suppliers   exact_answer none 89783 margin of error +/- 23180   Tracking bids and transactions is easier and faster Tracking bids and transactions is easier and faster   exact_answer none 23180 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 21 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114271 Costs associated with investigating alternative suppliers and investigating alternative delivery options can be classified as: 77391   Post-transaction costs Post-transaction costs   exact_answer none 77391 margin of error +/- 41317   Pre-transaction costs Pre-transaction costs   exact_answer none 41317 margin of error +/- 69890   All of these All of these   exact_answer none 69890 margin of error +/- 43085   Transaction costs Transaction costs   exact_answer none 43085 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 22 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114250 The purchasing managers at Sunnydale Corporation decide to intentionally increase purchases from small, women-owned suppliers. This decision can be considered: 70042   Ethical Sourcing Ethical Sourcing   exact_answer none 70042 margin of error +/- 87785   Unethical Unethical   exact_answer none 87785 margin of error +/- 76842   Utilitarianism Utilitarianism   exact_answer none 76842 margin of error +/- 5093   Illegal Illegal   exact_answer none 5093 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 23 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114225 Which of the following is TRUE? 6514   The key to successful partnerships is developing performance measures with weights greater than 3.50. The key to successful partnerships is developing performance measures with weights greater than 3.50.   exact_answer none 6514 margin of error +/- 24439   Continuous improvement and change management are both keys to building successful partnerships. Continuous improvement and change management are both keys to building successful partnerships.   exact_answer none 24439 margin of error +/- 16861   ISO 75000 is the supplier award given to the highest rated supplier in Japan. ISO 75000 is the supplier award given to the highest rated supplier in Japan.   exact_answer none 16861 margin of error +/- 2704   SRM software modules are very affordable (less than $50,000) and can be implemented with a week. SRM software modules are very affordable (less than $50,000) and can be implemented with a week.   exact_answer none 2704 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 24 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114251 The Ethical Trading Initiative (ETI) does NOT include which of the following: 56235   Workers receive a 30 minute break for an 8 hour shift Workers receive a 30 minute break for an 8 hour shift   exact_answer none 56235 margin of error +/- 93920   Freedom of association and the right to collective bargaining are respected Freedom of association and the right to collective bargaining are respected   exact_answer none 93920 margin of error +/- 39892   Working hours are not excessive Working hours are not excessive   exact_answer none 39892 margin of error +/- 82785   Regular employment is provided Regular employment is provided   exact_answer none 82785 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 25 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114235 Which of the following is important in developing successful relationships in a partnership? 27859   Commitment by top management Commitment by top management   exact_answer none 27859 margin of error +/- 46816   All of these All of these   exact_answer none 46816 margin of error +/- 12102   Interpersonal relationships between employees of the companies Interpersonal relationships between employees of the companies   exact_answer none 12102 margin of error +/- 41231   Mutual/compatible needs that result in a win-win situation for the partners Mutual/compatible needs that result in a win-win situation for the partners   exact_answer none 41231 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 26 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114261 Which of the following could be an ethical and environmental certification requirement? 40189   All of these All of these   exact_answer none 40189 margin of error +/- 58529   Forest Stewardship Council (FSC) certification Forest Stewardship Council (FSC) certification   exact_answer none 58529 margin of error +/- 17483   Fair Trade certification Fair Trade certification   exact_answer none 17483 margin of error +/- 13464   Energy Star certification Energy Star certification   exact_answer none 13464 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 27 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114248 The application of ethical principles to business situations can be referred to as: 84614   Ethical Sourcing Ethical Sourcing   exact_answer none 84614 margin of error +/- 72444   Strategic Sourcing Strategic Sourcing   exact_answer none 72444 margin of error +/- 53240   Social responsibility Social responsibility   exact_answer none 53240 margin of error +/- 7416   Business ethics Business ethics   exact_answer none 7416 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 28 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114241 SRM software should be capable of: 41298   Integration of the supply chain making it possible to monitor multiple departments and processes both internally and externally Integration of the supply chain making it possible to monitor multiple departments and processes both internally and externally   exact_answer none 41298 margin of error +/- 38470   Automating transactional processes Automating transactional processes   exact_answer none 38470 margin of error +/- 85400   All of these All of these   exact_answer none 85400 margin of error +/- 10614   Making information flow between partners more visible Making information flow between partners more visible   exact_answer none 10614 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 29 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114224 According to the text, key ingredients for developing successful supply partnerships include all of the following EXCEPT: 744   Performance metrics Performance metrics   exact_answer none 744 margin of error +/- 62433   Personal relationships Personal relationships   exact_answer none 62433 margin of error +/- 35703   Individualized objectives Individualized objectives   exact_answer none 35703 margin of error +/- 30650   Mutual benefits and needs Mutual benefits and needs   exact_answer none 30650 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 30 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114270 Supplier Development includes all EXCEPT which of the following? 54683   Financial and human resource investments Financial and human resource investments   exact_answer none 54683 margin of error +/- 54781   Reducing the supply base Reducing the supply base   exact_answer none 54781 margin of error +/- 82328   Working with suppliers to lower the total cost of materials purchased Working with suppliers to lower the total cost of materials purchased   exact_answer none 82328 margin of error +/- 99655   Training of the suppliers personnel Training of the suppliers personnel   exact_answer none 99655 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 31 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114245 Promoting diversity by intentionally buying from small firms or ethnic minority businesses. This is an example of: 23709   Sustainable sourcing Sustainable sourcing   exact_answer none 23709 margin of error +/- 4903   Ethical sourcing Ethical sourcing   exact_answer none 4903 margin of error +/- 85216   Supply base rationalization Supply base rationalization   exact_answer none 85216 margin of error +/- 40336   Supply base sourcing Supply base sourcing   exact_answer none 40336 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 32 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114265 Why do firms assess their sourcing capabilities? 54945   It helps them improve communication with their suppliers. It helps them improve communication with their suppliers.   exact_answer none 54945 margin of error +/- 99504   They can gauge their success in improving their own value-enhancing contributions to the firm They can gauge their success in improving their own value-enhancing contributions to the firm   exact_answer none 99504 margin of error +/- 19137   They can easily spot suppliers who are not practicing sustainable sourcing practices. They can easily spot suppliers who are not practicing sustainable sourcing practices.   exact_answer none 19137 margin of error +/- 61093   They are looking for ways to reduce their employee headcount. They are looking for ways to reduce their employee headcount.   exact_answer none 61093 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 33 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114227 The benefits of implementing an effective supplier certification program include all of the following EXCEPT: 19178   Building long-term beneficial relationships Building long-term beneficial relationships   exact_answer none 19178 margin of error +/- 37235   Increasing supplier base Increasing supplier base   exact_answer none 37235 margin of error +/- 1480   Reducing time spent on incoming inspections Reducing time spent on incoming inspections   exact_answer none 1480 margin of error +/- 56897   Recognizing excellence Recognizing excellence   exact_answer none 56897 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 34 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114247 Cutting back on packaging, fuel, or electricity is an example of: 67317   Global sourcing Global sourcing   exact_answer none 67317 margin of error +/- 41868   Sustainable sourcing Sustainable sourcing   exact_answer none 41868 margin of error +/- 15358   Ethical sourcing Ethical sourcing   exact_answer none 15358 margin of error +/- 9170   Sole sourcing Sole sourcing   exact_answer none 9170 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 35 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114236 According to the textbook, which of the following companies utilizes a supplier development program called Supplier Continuous Quality Improvement (SQDI) focused on improving the quality of the goods and services purchased and minimize the time needed to inspect incoming products? 23639   Intel Intel   exact_answer none 23639 margin of error +/- 2150   General Motors General Motors   exact_answer none 2150 margin of error +/- 78313   Boeing Boeing   exact_answer none 78313 margin of error +/- 95615   Target Target   exact_answer none 95615 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 36 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114246 Which of the following is NOT important in developing a successful strategic alliance? 60331   Investigating the capabilities and core competencies of the supplier Investigating the capabilities and core competencies of the supplier   exact_answer none 60331 margin of error +/- 73878   Open lines of communication that both promote sharing and secure confidentiality Open lines of communication that both promote sharing and secure confidentiality   exact_answer none 73878 margin of error +/- 30465   Developing performance metrics Developing performance metrics   exact_answer none 30465 margin of error +/- 7306   Developing efficient processes that will remain unchanged for the duration of the partnership Developing efficient processes that will remain unchanged for the duration of the partnership   exact_answer none 7306 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 37 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114255 Which of the following is NOT a step suggested in the Supply Chain Sourcing Strategy Framework? 14122   Establish corporate ethical and sustainable sourcing policies. Establish corporate ethical and sustainable sourcing policies.   exact_answer none 14122 margin of error +/- 58904   Prioritize items based on ethical and sustainability opportunities and ease of implementation. Prioritize items based on ethical and sustainability opportunities and ease of implementation.   exact_answer none 58904 margin of error +/- 62815   Distribute free samples of all purchased products to the end-user for detailed evaluation and feedback on supply chain development Distribute free samples of all purchased products to the end-user for detailed evaluation and feedback on supply chain development   exact_answer none 62815 margin of error +/- 83365   Develop a performance measurement system. Develop a performance measurement system.   exact_answer none 83365 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 38 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114240 Summers, Inc. needs to generate a list of good/services purchased per supplier. Which type software program can the manager consult to obtain the information? 98118   SRM SRM   exact_answer none 98118 margin of error +/- 18641   ISO 14000 ISO 14000   exact_answer none 18641 margin of error +/- 81009   SCSS SCSS   exact_answer none 81009 margin of error +/- 20682   ISO 9000 ISO 9000   exact_answer none 20682 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 39 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114234 Direct benefits of ISO 14000 include: 17177   All of these All of these   exact_answer none 17177 margin of error +/- 75391   Reduced defect rates Reduced defect rates   exact_answer none 75391 margin of error +/- 36687   Improved on-time delivery rates Improved on-time delivery rates   exact_answer none 36687 margin of error +/- 82443   Reduction of pollution emission Reduction of pollution emission   exact_answer none 82443 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 40 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114230 A company using a weighted-criteria evaluation system has established these 3 categories and the appropriate weight in parentheses: Quality(0.30), Delivery(0.20), Cost(0.50). The scores for each category are shown below. Which of the following companies has the highest total score? 12245   Company A: Quality(90), Delivery(80), Cost(60) Company A: Quality(90), Delivery(80), Cost(60)   exact_answer none 12245 margin of error +/- 22759   All companies scored the same. All companies scored the same.   exact_answer none 22759 margin of error +/- 51745   Company C: Quality(70), Delivery(80), Cost(80) Company C: Quality(70), Delivery(80), Cost(80)   exact_answer none 51745 margin of error +/- 59242   Company B: Quality(70), Delivery(90), Cost(80) Company B: Quality(70), Delivery(90), Cost(80)   exact_answer none 59242 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 41 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113831 The acronym ERP is short for: 8689   Electronic Requirements Provider Electronic Requirements Provider   exact_answer none 8689 margin of error +/- 21596   Executive Resource Plan Executive Resource Plan   exact_answer none 21596 margin of error +/- 80501   Electronic Resource Provider Electronic Resource Provider   exact_answer none 80501 margin of error +/- 35730   Enterprise Resource Planning Enterprise Resource Planning   exact_answer none 35730 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 42 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113845 Which of the following is a reason firms are migrating to ERP systems? 20988   ERP systems are inexpensive to implement ERP systems are inexpensive to implement   exact_answer none 20988 margin of error +/- 41415   ERP systems are successful with two-dimensional processes ERP systems are successful with two-dimensional processes   exact_answer none 41415 margin of error +/- 83113   ERP systems are easy to implement, particularly in large organizations ERP systems are easy to implement, particularly in large organizations   exact_answer none 83113 margin of error +/- 17510   ERP systems are not successful with two-dimensional processes ERP systems are not successful with two-dimensional processes   exact_answer none 17510 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 43 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113825 In a bill of materials, items at which level are independent demand items? 53453   Level 1 Level 1   exact_answer none 53453 margin of error +/- 48650   Level 3 Level 3   exact_answer none 48650 margin of error +/- 19797   Level 2 Level 2   exact_answer none 19797 margin of error +/- 55399   Level 0 Level 0   exact_answer none 55399 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 44 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113814 What does the acronym CPFR represent? 43490   Centralized purchasing and forecasting relationships Centralized purchasing and forecasting relationships   exact_answer none 43490 margin of error +/- 7650   Collaborative planning, forecasting, and replenishment Collaborative planning, forecasting, and replenishment   exact_answer none 7650 margin of error +/- 72754   Collaborative purchasing, forecasting, and receivables Collaborative purchasing, forecasting, and receivables   exact_answer none 72754 margin of error +/- 23005   Coordinated planning and forecasting relationships Coordinated planning and forecasting relationships   exact_answer none 23005 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 45 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113849 The following time-series approach to forecasting uses historical data to generate a forecast and works well when demand is fairly stable over time: 16321   Simple Moving Average Simple Moving Average   exact_answer none 16321 margin of error +/- 94149   Weighted Moving Average Weighted Moving Average   exact_answer none 94149 margin of error +/- 76432   Exponential Smoothing Exponential Smoothing   exact_answer none 76432 margin of error +/- 70729   Nave Forecast Nave Forecast   exact_answer none 70729 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 46 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113823 To check the feasibility of the Master Production Schedule, one would look to: 13116   Material Requirement Plan Material Requirement Plan   exact_answer none 13116 margin of error +/- 96467   Distribution Requirement Plan Distribution Requirement Plan   exact_answer none 96467 margin of error +/- 81402   Rough-Cut Capacity Plan Rough-Cut Capacity Plan   exact_answer none 81402 margin of error +/- 50366   Capacity Requirement Plan Capacity Requirement Plan   exact_answer none 50366 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 47 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113827 Which of the following is the hierarchical operations planning process order? 40813   1st - Capacity requirements plan (CRP) 2nd - Resource requirements plan (RRP), 3rd - Rough-cut capacity plan (RCCP), 1st - Capacity requirements plan (CRP) 2nd - Resource requirements plan (RRP), 3rd - Rough-cut capacity plan (RCCP),   exact_answer none 40813 margin of error +/- 7364   1st - Resource requirements plan (RRP), 2nd - Rough-cut capacity plan (RCCP), 3rd - Capacity requirements plan (CRP) 1st - Resource requirements plan (RRP), 2nd - Rough-cut capacity plan (RCCP), 3rd - Capacity requirements plan (CRP)   exact_answer none 7364 margin of error +/- 51023   None of these None of these   exact_answer none 51023 margin of error +/- 9487   1st - Rough-cut capacity plan (RCCP), 2nd - Resource requirements plan (RRP), 3rd - Capacity requirements plan (CRP) 1st - Rough-cut capacity plan (RCCP), 2nd - Resource requirements plan (RRP), 3rd - Capacity requirements plan (CRP)   exact_answer none 9487 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 48 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113800 Which of the following indices provided by the Institute for Supply Management (ISM) is considered the most important by economists because it is a composite of five weighted, seasonally adjusted indices? 58570   New Orders Index New Orders Index   exact_answer none 58570 margin of error +/- 36235   Purchasing Managers Index Purchasing Managers Index   exact_answer none 36235 margin of error +/- 60370   Production and Inventory Index Production and Inventory Index   exact_answer none 60370 margin of error +/- 78744   Export Orders Index Export Orders Index   exact_answer none 78744 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 49 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113806 The exponential smoothing forecast has the same value as the nave forecast when forecast error in the exponential smoothing model is equal to: 66307   Insufficient information provided to determine answer Insufficient information provided to determine answer   exact_answer none 66307 margin of error +/- 55769   0 0   exact_answer none 55769 margin of error +/- 88602   1 1   exact_answer none 88602 margin of error +/- 42469   0.5 0.5   exact_answer none 42469 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 50 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113817 Qualitative methods of forecasting include which of the following: 81080   All of these All of these   exact_answer none 81080 margin of error +/- 98152   Customer Surveys Customer Surveys   exact_answer none 98152 margin of error +/- 86923   Sales Force Composite Sales Force Composite   exact_answer none 86923 margin of error +/- 64280   Jury of Executive Opinion Jury of Executive Opinion   exact_answer none 64280 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 51 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113841 What is the most important output of the MRP? 36283   Distribution requirements plan Distribution requirements plan   exact_answer none 36283 margin of error +/- 3371   Aggregate production plan Aggregate production plan   exact_answer none 3371 margin of error +/- 39873   Planned order releases Planned order releases   exact_answer none 39873 margin of error +/- 733   Bill of materials Bill of materials   exact_answer none 733 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 52 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113820 Which strategy relies on a constant output rate and capacity while varying inventory and backlog levels to handle the fluctuating demand pattern? 27863   The Chase Production Strategy The Chase Production Strategy   exact_answer none 27863 margin of error +/- 68759   The Level Production Strategy The Level Production Strategy   exact_answer none 68759 margin of error +/- 87914   Mixed Production Strategy Mixed Production Strategy   exact_answer none 87914 margin of error +/- 99800   The Aggregate Production Strategy The Aggregate Production Strategy   exact_answer none 99800 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 53 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113838  According to the textbook, which of the following is considered a reason that ERP implementations fail? 13342   Top management becomes overcommitted to the point where they constantly encourage the employees during implementation Top management becomes overcommitted to the point where they constantly encourage the employees during implementation   exact_answer none 13342 margin of error +/- 93510   All of these All of these   exact_answer none 93510 margin of error +/- 7130   The organization may lack the necessary workforce and expertise to properly implement the system The organization may lack the necessary workforce and expertise to properly implement the system   exact_answer none 7130 margin of error +/- 42972   Organizations tend to spend too much time and money training their employees on the new system Organizations tend to spend too much time and money training their employees on the new system   exact_answer none 42972 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 54 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113842 Which of the following MRP terms represents a committed order awaiting delivery for a specific period? 11113   Net requirement Net requirement   exact_answer none 11113 margin of error +/- 26776   Time bucket Time bucket   exact_answer none 26776 margin of error +/- 79180   Projected on-hand inventory Projected on-hand inventory   exact_answer none 79180 margin of error +/- 44788   Scheduled receipt Scheduled receipt   exact_answer none 44788 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 55 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113812 Data Set E2 Month/Actual/Forecast: 1/10/11; 2/8/10; 3/9/8; 4/6/6; 5/7/8.   A forecasting method has produced the following data over the past 5 months shown in Data Set E2. What is the mean absolute deviation (accurate to 2 decimals)? 94819   1.20 1.20   exact_answer none 94819 margin of error +/- 18695   1.00 1.00   exact_answer none 18695 margin of error +/- 56815   0.60 0.60   exact_answer none 56815 margin of error +/- 35229   1.25 1.25   exact_answer none 35229 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 56 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113803 Data Set E1 Period/Sales Volume: 1/10000; 2/12400; 3/14250; 4/15750; 5/20500; 6/18500; 7/15750; 8/20500; 9/21500; 10/22550.   Using Data Set E1, what would be the forecast for period 6 using the exponential smoothing method? Assume the forecast for period 5 is 14000. Use a smoothing constant of  0.4 (Choose the closest answer.) 85579   19700 19700   exact_answer none 85579 margin of error +/- 89835   14575 14575   exact_answer none 89835 margin of error +/- 26204   16600 16600   exact_answer none 26204 margin of error +/- 84378   26100 26100   exact_answer none 84378 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 57 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113837 Organizations that choose to implement the best applications or modules for each of the different functional departments associated with the supply chain versus choosing to implement one single system with all of the desired applications from a single vendor is said to have chosen a(n): 6977   Elite integrator solution Elite integrator solution   exact_answer none 6977 margin of error +/- 39067   Best-of-breed solution Best-of-breed solution   exact_answer none 39067 margin of error +/- 38703   Premier application solution Premier application solution   exact_answer none 38703 margin of error +/- 64935   Multi-modular solution Multi-modular solution   exact_answer none 64935 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 58 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113835 While ERP is a relatively new technology, it has grown rapidly since the early 1990s. Which of the following is the reason that has contributed to its rapid growth? 62132   All of these All of these   exact_answer none 62132 margin of error +/- 63610   The trend for companies to eliminate their supply chain partners The trend for companies to eliminate their supply chain partners   exact_answer none 63610 margin of error +/- 50443   The increased use of email during the 1990's The increased use of email during the 1990's The increased use of email during the 1990's The increased use of email during the 1990's   exact_answer none 50443 margin of error +/- 22999   The year 2000 millennium bug The year 2000 millennium bug   exact_answer none 22999 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 59 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113828 Which of the following is NOT one of the three basic methods used to calculate the available-to-promise quantities? 48546   Cumulative available-to-promise without looking ahead Cumulative available-to-promise without looking ahead   exact_answer none 48546 margin of error +/- 35730   Cumulative available-to-promise with looking ahead Cumulative available-to-promise with looking ahead   exact_answer none 35730 margin of error +/- 66902   Discrete available-to-promise Discrete available-to-promise   exact_answer none 66902 margin of error +/- 17619   Indiscrete available-to-promise Indiscrete available-to-promise   exact_answer none 17619 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 60 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5113836 Organizations that choose to implement one single system with all of the desired applications from a single vendor versus choosing to implement the best applications or modules for each of the different functional departments associated with the supply chain is said to have chosen a(n): 54198   Premier application solution Premier application solution   exact_answer none 54198 margin of error +/- 58735   Best-of-breed solution Best-of-breed solution   exact_answer none 58735 margin of error +/- 69409   Single integrator solution Single integrator solution   exact_answer none 69409 margin of error +/- 33115   Elite integrator solution Elite integrator solution   exact_answer none 33115 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 61 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114112 The UNLV Bookstore sells a unique calculator to college students. The demand for this calculator has a normal distribution with an average daily demand of 20 units and a standard deviation of 4 units per day. The lead time for this calculator is very stable at 9 days. Compute the statistical reorder point that results in a 95 percent in-stock probability (Z = 1.65). 98995   80 units 80 units   exact_answer none 98995 margin of error +/- 3786   19.8 units 19.8 units   exact_answer none 3786 margin of error +/- 80006   199.8 units 199.8 units   exact_answer none 80006 margin of error +/- 63368   720 units 720 units   exact_answer none 63368 margin of error +/- 70892   180 units 180 units   exact_answer none 70892 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 62 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114125 Which of the following best describes the five S's? 19084   These are five different kinds of manufacturing layouts These are five different kinds of manufacturing layouts   exact_answer none 19084 margin of error +/- 53389   Five ways to reduce inventories on the shop floor Five ways to reduce inventories on the shop floor   exact_answer none 53389 margin of error +/- 73594   Refer to methods for reducing setup times Refer to methods for reducing setup times   exact_answer none 73594 margin of error +/- 4322   These were originally Japanese words relating to industrial housekeeping These were originally Japanese words relating to industrial housekeeping   exact_answer none 4322 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 63 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114123 Japanese manufacturing firms sometimes create cooperative coalitions with their suppliers in order to provide the suppliers with a certain degree of financial support. What are these cooperative coalitions called? 51177   Kaizen Networks Kaizen Networks   exact_answer none 51177 margin of error +/- 33098   Kanban Networks Kanban Networks   exact_answer none 33098 margin of error +/- 82988   Jidoka Networks Jidoka Networks   exact_answer none 82988 margin of error +/- 81138   Keiretsu Networks Keiretsu Networks   exact_answer none 81138 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 64 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114121 Efficient Consumer Response was initially developed in the 1990's for the following industry: 89461   Small Electronics Small Electronics   exact_answer none 89461 margin of error +/- 59101   Fashion Fashion   exact_answer none 59101 margin of error +/- 4901   Grocery Grocery   exact_answer none 4901 margin of error +/- 71887   Automobile Automobile   exact_answer none 71887 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 65 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114120 The Quick Response program, developed in the 1980's, was an offshoot of the following supply chain concept: 27407   Cross Docking Cross Docking   exact_answer none 27407 margin of error +/- 40863   Six Sigma Six Sigma   exact_answer none 40863 margin of error +/- 62184   Just-in-Time Just-in-Time   exact_answer none 62184 margin of error +/- 80699   Efficient Consumer Response Efficient Consumer Response   exact_answer none 80699 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 66 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114130 Which of the following is NOT consistent with the lean philosophy? 85140   Developing a culture of continuous improvement within the organization Developing a culture of continuous improvement within the organization   exact_answer none 85140 margin of error +/- 44219   Increasing batch size to take advantage of economies of scale Increasing batch size to take advantage of economies of scale   exact_answer none 44219 margin of error +/- 3054   Cross-training employees to increase processing flexibility Cross-training employees to increase processing flexibility   exact_answer none 3054 margin of error +/- 47031   Positioning WIP inventories near each processing center Positioning WIP inventories near each processing center   exact_answer none 47031 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 67 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114111 When demand and delivery lead time are known and constant, reorder point is the ____. 77960   average inventory average inventory   exact_answer none 77960 margin of error +/- 66475   economic order quantity economic order quantity   exact_answer none 66475 margin of error +/- 86873   sum of demand during lead time and safety stock sum of demand during lead time and safety stock   exact_answer none 86873 margin of error +/- 62652   demand during lead time demand during lead time   exact_answer none 62652 margin of error +/- 34602   safety stock safety stock   exact_answer none 34602 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 68 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114114 The common term across the seven wastes is: 15589   Robust Robust   exact_answer none 15589 margin of error +/- 74582   Keiretsu Keiretsu   exact_answer none 74582 margin of error +/- 39929   Overspending Overspending   exact_answer none 39929 margin of error +/- 13275   Excess Excess   exact_answer none 13275 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. IncorrectQuestion 69 0 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114105 Use this information below to calculate the optimal order quantity: Annual demand for backpacks is 43,000 units The cost to place an order is $220 The per unit cost of the item is $60.00 The annual holding rate is 37.5% Choose the closest answer. 44578   920 units 920 units   exact_answer none 44578 margin of error +/- 57154   830 units 830 units   exact_answer none 57154 margin of error +/- 91937   710 units 710 units   exact_answer none 91937 margin of error +/- 35517   250 units 250 units   exact_answer none 35517 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 70 1 / 1 pts Edit this Question Delete this Question 0 multiple_choice_question   5114103 Which of the following is a global RFID challenge? 66733   Globally, the RFID industry does not have its own UHF spectrum allocation. Globally, the RFID industry does not have its own UHF spectrum allocation.   exact_answer none 66733 margin of error +/- 19186   None of these. None of these.   exact_answer none 19186 margin of error +/- 16770   Foreign firms are skeptical about sharing potentially confidential information with foreign businesses. Foreign firms are skeptical about sharing potentially confidential information with foreign businesses.   exact_answer none 16770 margin of error +/- 27583   All of the above. All of the above.   exact_answer none 27583 margin of error +/- 97716   UHF signals are reflected by metal and absorbed by water. UHF signals are reflected by metal and absorbed by water.   exact_answer none 97716 margin of error +/-   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 71 10 / 10 pts Edit this Question Delete this Question 0 essay_question   5113068 Answer the following questions regarding quantitative and qualitative forecasting:
a. Define quantitative forecasting.
b. Explain the naive forecasting method and give an example. What are the benefits of using the naive forecasting method? Under which circumstances would one utilize a combination of both quantitative and qualitative forecasting? Your Answer: Quantitative Forecasting is a tool to predict future demand based orders based on the past demand information which could lead to waste since phases of materials do have a high demand at one point and crash the next. A great example would be the " fidget spinner" when they were first released to to the public (not including the main purpose which is for anxiety) they were in high demand and the value of them ranged from $10 dollars to $20 dollars. Now they are buy one get one free at local stores. Qualitative forecasting is dependent on subjective opinions from a group of experts as for Quantitative is based off of data. Using the data can see the product's progress and can see where and when it is dropping after calculations and can attempt to forecast it correctly, Coca cola does a good job of it.     Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 72 8 / 10 pts Edit this Question Delete this Question 0 essay_question   5113071 Warehousing is considered a very important part of the transportation process. Why is it that many buildings that used to be called warehouses typically refer to themselves as distribution centers nowadays? Your Answer: A warehouse is a term used for a long term placement of items and stored as for distribution it is referred to shipments coming in getting broken down and shipped off to the locations that are needing it. Warehouses prefer to go by distro centers due to the fact they do more than just store the items they also include cross docking.  Warehouses provide strategic supply chain services. They enable firms to store their purchases, work in progress, and finished goods, and perform breakbulk and assembly operations. They allow faster and more frequent deliveries of finished products to customers, resulting in a high level of customer service. Companies view warehouses as a competitive resource. In many cases, warehouses receive bulk shipments break them down, repackage items into outgoing orders and then distribute these orders to buyers.   Move To... This element is a more accessible alternative to drag & drop reordering. Press Enter or Space to move this question. Question 73 7 / 10 pts Edit this Question Delete this Question 0 essay_question   5113061 As relationships with suppliers become more trusted, reliable, and long-term in nature, early supplier involvement has become a popular strategy among firms. Explain the benefits gained from using this strategy. Your Answer: Having  a good relationship with a long term supplier can have many benefits such as cost being lowered, ensuring products are on time.  The benefits of trusted reliable and long-term supplier relationships include: reduced cost, improved quality, reduced development time, increased trust and cooperation. [Show More]

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