LSCM Exam 3 with correct answers 100%2026 Companies do not know their true costs for all of the following reasons EXCEPT: 1. In standard cost systems, fixed costs are often treated the same as variable costs. 2. Allocation of business costs common to

LSCM Exam 3 with correct answers 100%2026 Companies do not know their true costs for all of the following reasons EXCEPT: 1. In standard cost systems, fixed costs are often treated the same as variable costs. 2. Allocation of business costs common to multiple segments tend to be subjective and arbitrary. 3. Accounting systems tend to report in aggregate. 4. All of the above are valid reasons. 5. Accounting costs are computed to provide historical records. - Correct Answer 4. All of the above are valid reasons. Time-based strategies could affect A. the length of the cash to cash cycle. B. location selections. C. CEOs' understanding of supply chain management. D. the seven principles. - Correct Answer A. the length of the cash to cash cycle Which of these is NOT a production method? - Correct Answer delayed differentiation An "executive dashboard" is: a. a small number (usually less than five) of KPIs. b. a trend that has only recently developed. c. a metric used by the Board of Directors. d. used by senior management to track profits. - Correct Answer a. a small number (usually less than five) of KPIs. Gross margin equals: a. COGS - Taxes b. Sales + Taxes - COGS c. COGS - Sales d. Sales minus COGS - Correct Answer d. Sales minus COGS In the SCOR Model there are five major categories of metrics that need to be used to measure the performance of Process D1: reliability, ___________, agility, costs, and asset management. a. responsiveness b. cash to cash cycle c. ROA d. supply chains - Correct Answer a. responsiveness There are four major categories with examples that provide a useful way for examining logistics and supply chain performance: They are time, ______, cost, and supporting metrics. a. competition b. delivery c. quality d. KPIs - Correct Answer c. quality What is the best financial metric to show the profit an organization generates in relationship to assets utilized? a. ROA b. Return on net worth c. Profit d. Stock price - Correct Answer a. ROA Scorecard and key performance indicators (KPIs) refer to a. measuring output. b. metrics to manage logistics operations c. sporting events. d. management's evaluation of supply chain staff. - Correct Answer b. metrics to manage logistics operations Effective order management can have an impact on: a. reducing supply chain costs b. increasing revenues c. improving ROA d. all of these answers - Correct Answer d. all of these answers Which of the following is NOT a supply chain decision area regarding ROA improvement? a. Channel Structure Management b. Order Management c. Information Management d. Inventory Management - Correct Answer c. Information Management On a "PER UNIT" basis: 1.Variable costs are fixed with volume and fixed costs vary with volume. 2. Both variable costs and fixed costs remain constant. 3. Both variable costs and fixed costs vary with volume. 4.Variable costs vary with volume and fixed costs remain constant. - Correct Answer 1.Variable costs are fixed with volume and fixed costs vary with volume. A metric requires a. trade association oversight. b. definition. c. measures. d. competitive analysis. - Correct Answer b. definition. Another driving influence for supply chain reexamination has been the desire of organizations to change their supply chain focus from a __________to an "investment" center. a. warehouse system b. logistics-oriented system c. value neutral Companies do not know their true costs for all of the following reasons EXCEPT: 1. In standard cost systems, fixed costs are often treated the same as variable costs. 2. Allocation of business costs common to multiple segments tend to be subjective and arbitrary. 3. Accounting systems tend to report in aggregate. 4. All of the above are valid reasons. 5. Accounting costs are computed to provide historical records. - Correct Answer 4. All of the above are valid reasons. Time-based strategies could affect A. the length of the cash to cash cycle. B. location selections. C. CEOs' understanding of supply chain management. D. the seven principles. - Correct Answer A. the length of the cash to cash cycle Which of these is NOT a production method? - Correct Answer delayed differentiation An "executive dashboard" is: a. a small number (usually less than five) of KPIs. b. a trend that has only recently developed. c. a metric used by the Board of Directors. d. used by senior management to track profits. - Correct Answer a. a small number (usually less than five) of KPIs. Gross margin equals: a. COGS - Taxes b. Sales + Taxes - COGS c. COGS - Sales d. Sales minus COGS - Correct Answer d. Sales minus COGS In the SCOR Model there are five major categories of metrics that need to be used to measure the performance of Process D1: reliability, ___________, agility, costs, and asset management. a. responsiveness b. cash to cash cycle c. ROA d. supply chains - Correct Answer a. responsiveness There are four major categories with examples that provide a useful way for examining logistics and supply chain performance: They are time, ______, cost, and supporting metrics. a. competition b. delivery c. quality d. KPIs - Correct Answer c. quality What is the best financial metric to show the profit an organization generates in relationship to assets utilized? a. ROA b. Return on net worth c. Profit d. Stock price - Correct Answer a. ROA Scorecard and key performance indicators (KPIs) refer to a. measuring output. b. metrics to manage logistics operations c. sporting events. d. management's evaluation of supply chain staff. - Correct Answer b. metrics to manage logistics operations Effective order management can have an impact on: a. reducing supply chain costs b. increasing revenues c. improving ROA d. all of these answers - Correct Answer d. all of these answers Which of the following is NOT a supply chain decision area regarding ROA improvement? a. Channel Structure Management b. Order Management c. Information Management d. Inventory Management - Correct Answer c. Information Management On a "PER UNIT" basis: 1.Variable costs are fixed with volume and fixed costs vary with volume. 2. Both variable costs and fixed costs remain constant. 3. Both variable costs and fixed costs vary with volume. 4.Variable costs vary with volume and fixed costs remain constant. - Correct Answer 1.Variable costs are fixed with volume and fixed costs vary with volume. A metric requires a. trade association oversight. b. definition. c. measures. d. competitive analysis. - Correct Answer b. definition. Another driving influence for supply chain reexamination has been the desire of organizations to change their supply chain focus from a __________to an "investment" center. a. warehouse system b. logistics-oriented system c. value neutral