BUAD 331 UTK EXAM 1 Questions and Answers

d) form, time, and place - Correct Answer which economic utilities are associated with supply chain management? a) exchange, time and place b) exchange, time, and value c) form, exchange, and time d) form, time, and place e) form, time, and integration c) a complete network of companies that work together to provide a good or service for the end-use consumer - Correct Answer which statement best describes what a supply chain is? a) a simple series of suppliers, manufactures, and retailers that have no alignment b) the loose connection of companies that sell and buys products and services to each other c) a complete network of companies that work together to provide a good or service for the end-use consumer d) a chain of one-to-one businesses that seeks to maximize the focal firm's profits c) the customer experience - Correct Answer according to UTK's concept of the integrated supply chain, what lies at the center of the effort? a) net promoter score b) financial performance c) the customer experience d) the integrated enterprise e) logistics optimal customer value - Correct Answer a company that seeks to achieve competitive advantage by simultaneously maximizing value and productivity advantages is said to pursue: true - Correct Answer t/f: while it is possible for supply chain performance to impact operational areas like cost of sales and inventory, effective supply chain management can also favorably impact revenue generation and customer loyalty cash-to-cash cycle - Correct Answer supply chain metrics that is often monitored by senior supply chain executives, as it helps to illustrate the company's operational efficiency as reflected in payments coming into the company relative to payments leaving the company