TRA 4203 CH1 EXAM QUESTIONS WITH
CORRECT ANSWERS 2023
True-False
1. The first decade of the twenty-first century was a period of rapid change for organizations,
especially businesses.
ANSWER: True
2. A key element in Wal-Mart’s ability to discount brand name products was an understanding
of the criticality of efficiency in its logistics and supply chain system.
ANSWER: True
3. Globalization has had little effect on consumers.
ANSWER: False
4. Supply and demand has become less volatile as managers become more adept at controlling
the elements.
ANSWER: False
5. Outsourcing is a fairly new concept.
ANSWER: False
6. The world economy still favors the United States and European countries, even though China
and India can participate in the global economy much more readily.
ANSWER: False
7. 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 transfers.
ANSWER: True
8. Supply chain managers no longer need to worry about suboptimization in light of today’s
technology.
ANSWER: False
9. Beginning in the late 1970’s and into the 1980s the US transportation industry was
deregulated. The net result was a less competitive environment.
ANSWER: False
1-7
,TRA 4203 CH1 EXAM QUESTIONS WITH
CORRECT ANSWERS 2023
Multiple Choice
10. Most retailers are essentially supply chain companies since
a. they dominate the consumer market.
b. own their warehouses and trucks.
c. they buy products produced by others.
d. engage in off-shore sourcing.
ANSWER: c
11. Which of the below is not one of the external forces driving the rate of change and shaping
our economic and political landscape?
a. Government policy
b. Technology
c. Environmental concerns
d. Globalization
ANSWER: c
12. Outsourcing involves
a. moving company facilities away from the home office.
b. hiring foreign nationals to manage parts of the business.
c. obtaining materials, parts, and products from other companies.
d. building a factory in another country.
ANSWER: c
13. Some individuals describe the current consumer as the “click here” generation because
a. we all have Internet access.
b. we no longer wait for information to be “pushed out” to us.
c. we buy so much merchandise on line.
d. we take little time to make purchasing decisions.
14. Identify the proper sequence of the three “flows” in the supply chain.
1.product
2.cash
3.information
1-7
,TRA 4203 CH1 EXAM QUESTIONS WITH
CORRECT ANSWERS 2023
a.1,2,3
1-7
, TRA 4203 CH1 EXAM QUESTIONS WITH
CORRECT ANSWERS 2023
b.1,3,2
c.2,1,3
d.3,2,1
e. none of the above
ANSWER: b
15. The demographics of our society has changed because
a. the “Baby Boom” generation is now turning 60.
b. of the increase in two-career families and single-parent households.
c. of immigration.
d. birth rates have changed.
ANSWER: b
16. The Supply Chain Concept
a. is very new and considered cutting edge technology.
b. is highly dependent of computerization.
c. is not always well understood by senior managers.
d. developed from the previous Physical Distribution concept.
ANSWER: d
17. Logistics, in its simplest form,
a. is a military term, as it was developed originally to supply the battlefield.
b. combines inbound logistics with the outbound logistics of physical distribution.
c. is another term for transportation management.
d. does not involve customer service or other related functions.
ANSWER: b
18. One of the major challenges of supply chain management is
a. forward buying.
b. maintaining the visibility of inventory.
c. building safety-stock inventory.
d. Pushing inventory back to vendors.
ANSWER: b
1-7
CORRECT ANSWERS 2023
True-False
1. The first decade of the twenty-first century was a period of rapid change for organizations,
especially businesses.
ANSWER: True
2. A key element in Wal-Mart’s ability to discount brand name products was an understanding
of the criticality of efficiency in its logistics and supply chain system.
ANSWER: True
3. Globalization has had little effect on consumers.
ANSWER: False
4. Supply and demand has become less volatile as managers become more adept at controlling
the elements.
ANSWER: False
5. Outsourcing is a fairly new concept.
ANSWER: False
6. The world economy still favors the United States and European countries, even though China
and India can participate in the global economy much more readily.
ANSWER: False
7. 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 transfers.
ANSWER: True
8. Supply chain managers no longer need to worry about suboptimization in light of today’s
technology.
ANSWER: False
9. Beginning in the late 1970’s and into the 1980s the US transportation industry was
deregulated. The net result was a less competitive environment.
ANSWER: False
1-7
,TRA 4203 CH1 EXAM QUESTIONS WITH
CORRECT ANSWERS 2023
Multiple Choice
10. Most retailers are essentially supply chain companies since
a. they dominate the consumer market.
b. own their warehouses and trucks.
c. they buy products produced by others.
d. engage in off-shore sourcing.
ANSWER: c
11. Which of the below is not one of the external forces driving the rate of change and shaping
our economic and political landscape?
a. Government policy
b. Technology
c. Environmental concerns
d. Globalization
ANSWER: c
12. Outsourcing involves
a. moving company facilities away from the home office.
b. hiring foreign nationals to manage parts of the business.
c. obtaining materials, parts, and products from other companies.
d. building a factory in another country.
ANSWER: c
13. Some individuals describe the current consumer as the “click here” generation because
a. we all have Internet access.
b. we no longer wait for information to be “pushed out” to us.
c. we buy so much merchandise on line.
d. we take little time to make purchasing decisions.
14. Identify the proper sequence of the three “flows” in the supply chain.
1.product
2.cash
3.information
1-7
,TRA 4203 CH1 EXAM QUESTIONS WITH
CORRECT ANSWERS 2023
a.1,2,3
1-7
, TRA 4203 CH1 EXAM QUESTIONS WITH
CORRECT ANSWERS 2023
b.1,3,2
c.2,1,3
d.3,2,1
e. none of the above
ANSWER: b
15. The demographics of our society has changed because
a. the “Baby Boom” generation is now turning 60.
b. of the increase in two-career families and single-parent households.
c. of immigration.
d. birth rates have changed.
ANSWER: b
16. The Supply Chain Concept
a. is very new and considered cutting edge technology.
b. is highly dependent of computerization.
c. is not always well understood by senior managers.
d. developed from the previous Physical Distribution concept.
ANSWER: d
17. Logistics, in its simplest form,
a. is a military term, as it was developed originally to supply the battlefield.
b. combines inbound logistics with the outbound logistics of physical distribution.
c. is another term for transportation management.
d. does not involve customer service or other related functions.
ANSWER: b
18. One of the major challenges of supply chain management is
a. forward buying.
b. maintaining the visibility of inventory.
c. building safety-stock inventory.
d. Pushing inventory back to vendors.
ANSWER: b
1-7
