LSCM 3960 EXAM Q&A 100% Solved
1. The mathematical calculation of the point of equality between systems under analysis
is used for short-run/static analysis. (T/F) - Answer- False
2. Landed costs are independent of sales/FOB terms. T/F - Answer- False
3. An advantage of e-sourcing and e-procurement is that there is little risk involved. T/F
- Answer- False
4. e-Sourcing and e-procurement are the same. (T/F) - Answer- True
5. It is predicted that social networks such as Facebook and Twitter will influence supply
chains because of their impact on customer demand and the speed of information
transfer. (T/F) - Answer- True
6. Beginning in the late 1970s and into the 1980s, the US transportation industry was
deregulated. The net result was a less competitive environment. (T/F) - Answer- False
7. To hold down distribution cost, the lowest cost carrier should always be used. (T/F) -
Answer- False
8. U.S. ports can play a role in global supply chains since over 50 percent of global
trade passes through them. (T/F) - Answer- False
9. Operating globally has become easier to accomplish for even individuals and small
companies, because of the advances in information/communications technology. (T/F) -
Answer- True
10. When a firm makes a "make" decision when analyzing whether to "make or buy,"
they may still have to purchase some types of inputs from outside suppliers. (T/F) -
Answer- True
11. Which e-commerce business model used in procurement and sourcing has a seller-
operated service that consists of a number of electronic catalogs from suppliers within a
market? - Answer- Online Trading Community
12. In the Assess Supply Market step, the firm: - Answer- c. identifies all possible
suppliers that might be able to satisfy the user's needs.
13. The concept that represents the sum of all costs associated with making and
delivering products to the point where they are needed is called: - Answer- d. total
landed cost.
, 14. This type of fulfillment model has the manufacturer delivering its products directly to
the retailers' stores.
a.
Outsourced
b.
Store-fulfillment
c.
Flow-through
d.
Integrated
e.
None of these answers - Answer- e. None of these answers
15. The utility that is created by moving goods from production points to market points
where demand exists is referred to as _____ utility. - Answer- b. place
16. As the number of stocking points (DCs) is decreased in a distribution network, fixed
costs will _____ and variable costs will _____. - Answer- a. Decrease; Decrease
17. Which is correct regarding tapering rates? - Answer- a. The principle is based on the
carrier's ability to spread certain fixed shipment costs over a greater number of miles.
18. When a blanket rate structure is used, which factor is eliminated as a locational
determinant? - Answer- b. Transportation rate
19. Which of the following is not part of the Supply Chain network? - Answer- b. Stores
20. In the Item Procurement Importance Matrix, what describes high risk, low value? -
Answer- d. Distinctives
21. Cost/value refers to: - Answer- c. the importance of cost and value at the very end of
the supply chain.
22. Simulation models: - Answer- d. allow the decision maker to test the effects of
alternative locations.
23. A(n) _____ relationship exists between the cost of lost sales and inventory cost. -
Answer- c. inverse
1. The mathematical calculation of the point of equality between systems under analysis
is used for short-run/static analysis. (T/F) - Answer- False
2. Landed costs are independent of sales/FOB terms. T/F - Answer- False
3. An advantage of e-sourcing and e-procurement is that there is little risk involved. T/F
- Answer- False
4. e-Sourcing and e-procurement are the same. (T/F) - Answer- True
5. It is predicted that social networks such as Facebook and Twitter will influence supply
chains because of their impact on customer demand and the speed of information
transfer. (T/F) - Answer- True
6. Beginning in the late 1970s and into the 1980s, the US transportation industry was
deregulated. The net result was a less competitive environment. (T/F) - Answer- False
7. To hold down distribution cost, the lowest cost carrier should always be used. (T/F) -
Answer- False
8. U.S. ports can play a role in global supply chains since over 50 percent of global
trade passes through them. (T/F) - Answer- False
9. Operating globally has become easier to accomplish for even individuals and small
companies, because of the advances in information/communications technology. (T/F) -
Answer- True
10. When a firm makes a "make" decision when analyzing whether to "make or buy,"
they may still have to purchase some types of inputs from outside suppliers. (T/F) -
Answer- True
11. Which e-commerce business model used in procurement and sourcing has a seller-
operated service that consists of a number of electronic catalogs from suppliers within a
market? - Answer- Online Trading Community
12. In the Assess Supply Market step, the firm: - Answer- c. identifies all possible
suppliers that might be able to satisfy the user's needs.
13. The concept that represents the sum of all costs associated with making and
delivering products to the point where they are needed is called: - Answer- d. total
landed cost.
, 14. This type of fulfillment model has the manufacturer delivering its products directly to
the retailers' stores.
a.
Outsourced
b.
Store-fulfillment
c.
Flow-through
d.
Integrated
e.
None of these answers - Answer- e. None of these answers
15. The utility that is created by moving goods from production points to market points
where demand exists is referred to as _____ utility. - Answer- b. place
16. As the number of stocking points (DCs) is decreased in a distribution network, fixed
costs will _____ and variable costs will _____. - Answer- a. Decrease; Decrease
17. Which is correct regarding tapering rates? - Answer- a. The principle is based on the
carrier's ability to spread certain fixed shipment costs over a greater number of miles.
18. When a blanket rate structure is used, which factor is eliminated as a locational
determinant? - Answer- b. Transportation rate
19. Which of the following is not part of the Supply Chain network? - Answer- b. Stores
20. In the Item Procurement Importance Matrix, what describes high risk, low value? -
Answer- d. Distinctives
21. Cost/value refers to: - Answer- c. the importance of cost and value at the very end of
the supply chain.
22. Simulation models: - Answer- d. allow the decision maker to test the effects of
alternative locations.
23. A(n) _____ relationship exists between the cost of lost sales and inventory cost. -
Answer- c. inverse
