MKTG 372 Test 1 Questions With Correct
Answers
A supply chain could be more accurately described as a supply network
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or supply web - CORRECT ANSWER✔✔-True
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All stages of an enterprise are involved, either directly or indirectly, in
| | | | | | | | | | | |
fulfilling a customer request - CORRECT ANSWER✔✔-True
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A supply chain includes only the organizations directly involved in
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supplying components needed for manufacturing - CORRECT
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ANSWER✔✔-False
The objective of every supply chain is to maximize the overall value
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generated - CORRECT ANSWER✔✔-True | | |
The objective of the customer arrival process is to ensure that orders
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are quickly and accurately entered and communicated to other affected
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supply chain processes - CORRECT ANSWER✔✔-False
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The objective of customer order entry is to maintain a record of product
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receipt and complete payment - CORRECT ANSWER✔✔-False
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,The difference between the value of the product and its price remains
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with the customer as consumer surplus - CORRECT ANSWER✔✔-True
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The supply chain planning phase exceeds the supply chain design phase
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in duration - CORRECT ANSWER✔✔-False
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The goal during the supply chain operation phase is to exploit the
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reduction of uncertainty and optimize performance - CORRECT
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ANSWER✔✔-True
The replenishment cycle occurs at the retailer/distributor interface -
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CORRECT ANSWER✔✔-True |
The manufacturing cycle occurs at the distributor/manufacturer
| | | | | | |
interface - CORRECT ANSWER✔✔-True
| | |
The push/pull view of a supply chain holds that the processes in a
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supply chain are divided into 2 categories depending on whether they
| | | | | | | | | | |
are initiated in response to or in anticipation of customer orders -
| | | | | | | | | | | |
CORRECT ANSWER✔✔-True |
, The production scheduling process in the manufacturing cycle is similar
| | | | | | | | | |
to the order entry process in the replenishment cycle - CORRECT
| | | | | | | | | | |
ANSWER✔✔-True
The cycle view of a supply chain holds that the processes in a supply
| | | | | | | | | | | | | |
chain are divided into 2 categories depending on whether they are
| | | | | | | | | | |
initiated in response to or in anticipation of customer orders - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-False
The procurement cycle occurs at the manufacturer/supplier interface -
| | | | | | | | |
CORRECT ANSWER✔✔-True |
The cycle view of the supply chain is useful when considering
| | | | | | | | | | |
operational decisions, because it specifies the roles and responsibilities
| | | | | | | | |
of each member of the supply chain - CORRECT ANSWER✔✔-True
| | | | | | | | |
Push processes may also be referred to as speculative processes -
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CORRECT ANSWER✔✔-True |
All supply chain activities within a firm belong to one of three macro
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processes — CRM, ISCM and SRM - CORRECT ANSWER✔✔-True
| | | | | | | |
Answers
A supply chain could be more accurately described as a supply network
| | | | | | | | | | | |
or supply web - CORRECT ANSWER✔✔-True
| | | | |
All stages of an enterprise are involved, either directly or indirectly, in
| | | | | | | | | | | |
fulfilling a customer request - CORRECT ANSWER✔✔-True
| | | | | |
A supply chain includes only the organizations directly involved in
| | | | | | | | | |
supplying components needed for manufacturing - CORRECT
| | | | | | |
ANSWER✔✔-False
The objective of every supply chain is to maximize the overall value
| | | | | | | | | | | |
generated - CORRECT ANSWER✔✔-True | | |
The objective of the customer arrival process is to ensure that orders
| | | | | | | | | | | |
are quickly and accurately entered and communicated to other affected
| | | | | | | | | |
supply chain processes - CORRECT ANSWER✔✔-False
| | | | |
The objective of customer order entry is to maintain a record of product
| | | | | | | | | | | |
receipt and complete payment - CORRECT ANSWER✔✔-False
| | | | | | |
,The difference between the value of the product and its price remains
| | | | | | | | | | | |
with the customer as consumer surplus - CORRECT ANSWER✔✔-True
| | | | | | | |
The supply chain planning phase exceeds the supply chain design phase
| | | | | | | | | | |
in duration - CORRECT ANSWER✔✔-False
| | | |
The goal during the supply chain operation phase is to exploit the
| | | | | | | | | | | |
reduction of uncertainty and optimize performance - CORRECT
| | | | | | | |
ANSWER✔✔-True
The replenishment cycle occurs at the retailer/distributor interface -
| | | | | | | | |
CORRECT ANSWER✔✔-True |
The manufacturing cycle occurs at the distributor/manufacturer
| | | | | | |
interface - CORRECT ANSWER✔✔-True
| | |
The push/pull view of a supply chain holds that the processes in a
| | | | | | | | | | | | |
supply chain are divided into 2 categories depending on whether they
| | | | | | | | | | |
are initiated in response to or in anticipation of customer orders -
| | | | | | | | | | | |
CORRECT ANSWER✔✔-True |
, The production scheduling process in the manufacturing cycle is similar
| | | | | | | | | |
to the order entry process in the replenishment cycle - CORRECT
| | | | | | | | | | |
ANSWER✔✔-True
The cycle view of a supply chain holds that the processes in a supply
| | | | | | | | | | | | | |
chain are divided into 2 categories depending on whether they are
| | | | | | | | | | |
initiated in response to or in anticipation of customer orders - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-False
The procurement cycle occurs at the manufacturer/supplier interface -
| | | | | | | | |
CORRECT ANSWER✔✔-True |
The cycle view of the supply chain is useful when considering
| | | | | | | | | | |
operational decisions, because it specifies the roles and responsibilities
| | | | | | | | |
of each member of the supply chain - CORRECT ANSWER✔✔-True
| | | | | | | | |
Push processes may also be referred to as speculative processes -
| | | | | | | | | | |
CORRECT ANSWER✔✔-True |
All supply chain activities within a firm belong to one of three macro
| | | | | | | | | | | | |
processes — CRM, ISCM and SRM - CORRECT ANSWER✔✔-True
| | | | | | | |
