SCM 371 EXAM 4 QUESTIONS WITH VERIFIED
ACCURATE ANSWERS
False - Answers - Environmental sustainability in supply chain management includes
product and process issues that affect human safety and welfare, community
development, and protection from harm
Hedge in a commodities market, require bid or performance bonds and decide not to do
business in certain countries. - Answers - To avoid risk, a buyer can:
May yield substantial opportunities for negotiating favorable terms for both buying and
selling organizations. - Answers - Assessment of a potential supplier's financial
situation.
Quality, quantity, delivery, price and service - Answers - The traditional supplier
evaluation criteria are:
May be useful if they are of similar size and objectives as the buyer's organization -
Answers - A supplier's references:
May be useful in making effective supplier selection decisions if probabilities of success
and failure are assessed for each option. - Answers - Decision trees:
Concerns exist about supplier capacity for future volume - Answers - Which of the
following statements support multiple sourcing:
Competitive supply market, substitution is possible, price per unit is important. -
Answers - In the portfolio matrix, characteristics of goods and services in the leverage
quadrant are:
Is encouraged by the rapid rate of technological change, growth in international trade,
and the need to extract competitive advantage from supply chains. - Answers - Reverse
marketing:
Social sustainability - Answers - SA8000 certification is for:
The combination of environment and social performance - Answers - Sustainability is:
Asks the supplier to declare at what price and what terms they are prepared to supply -
Answers - A request for quotation (RFQ):
The use of just-in-time production, stock less buying, or systems contracting. - Answers
- Which of the following statements supports single sourcing:
ACCURATE ANSWERS
False - Answers - Environmental sustainability in supply chain management includes
product and process issues that affect human safety and welfare, community
development, and protection from harm
Hedge in a commodities market, require bid or performance bonds and decide not to do
business in certain countries. - Answers - To avoid risk, a buyer can:
May yield substantial opportunities for negotiating favorable terms for both buying and
selling organizations. - Answers - Assessment of a potential supplier's financial
situation.
Quality, quantity, delivery, price and service - Answers - The traditional supplier
evaluation criteria are:
May be useful if they are of similar size and objectives as the buyer's organization -
Answers - A supplier's references:
May be useful in making effective supplier selection decisions if probabilities of success
and failure are assessed for each option. - Answers - Decision trees:
Concerns exist about supplier capacity for future volume - Answers - Which of the
following statements support multiple sourcing:
Competitive supply market, substitution is possible, price per unit is important. -
Answers - In the portfolio matrix, characteristics of goods and services in the leverage
quadrant are:
Is encouraged by the rapid rate of technological change, growth in international trade,
and the need to extract competitive advantage from supply chains. - Answers - Reverse
marketing:
Social sustainability - Answers - SA8000 certification is for:
The combination of environment and social performance - Answers - Sustainability is:
Asks the supplier to declare at what price and what terms they are prepared to supply -
Answers - A request for quotation (RFQ):
The use of just-in-time production, stock less buying, or systems contracting. - Answers
- Which of the following statements supports single sourcing:
