LSCM 3960 quiz q's (study set) with correct answers 100% 2026

LSCM 3960 quiz q's (study set) with correct answers 100% 2026 Supply chain managers provide the organization with an opportunity to increase inventory levels. - Correct Answer False Social media networks such as Facebook and Twitter influence supply chains because of their impact on customer demand and the speed of information transfer. - Correct Answer True Empowered consumers increase the pressure on supply chain due to increased demands at the retail level in terms of: - Correct Answer Competitive Prices Information flow is NOT an important factor for success in supply chain management. - Correct Answer False Outsourcing is a new concept for supply chain management - Correct Answer False Mitigating the risk from supply chain disruptions is a critical in today's global economy. - Correct Answer True Outsourcing involves: - Correct Answer obtaining materials, parts, and services from other companies Supply chain managers provide organizations with an opportunity to __________ and _________. - Correct Answer increase efficiency, produce products Increased coordination between inbound and outbound logistics provides: - Correct Answer improved cash flow Companies are placing increased emphasis on supply chain network strategies to deal with: - Correct Answer the risk of disruption Empowered consumers increase the pressure on supply chain due to increased demands at the retail level in terms of: - Correct Answer The sheer size and density of mega-cities will have very little impact on supply chain management. - Correct Answer False Given the importance of global trade to the United States, a delicate balance exists between security and the efficient flow of global commerce. - Correct Answer True Technology as an internal change agent can enhance a company's organizational _________ and ________ and enhance the ability to compete in the global marketplace. - Correct Answer efficiency, effectiveness Technology has two important dimensions impacting supply chain management: - Correct Answer as an internal and external change agent Which of the following is one of the essential factors for economic growth and increased development of global trade flows? - Correct Answer All of the above An important characteristic of today's world economy is: - Correct Answer the increasing regional economic integration An example of absolute advantage is, ________ - Correct Answer France producing champagne Which is NOT a benefit of free trade agreements? - Correct Answer reduced pollution levels Tariffs and other trade barriers have been significantly reduced among many countries, allowing a much more competitive global economy. - Correct Answer True An example of theory of Compara