OPER 3600 EXAM 6 QUESTIONS WITH
CORRECT ANSWERS!!
Firms do not compete only against global competitors, but against:
A) their suppliers.
B) themselves.
C) the customers of their competitors.
D) their competitors' supply chains.
d
The percentage of value of shipments that come from materials for the average
manufacturer is:
A) greater than or equal to 40 and less than or equal to 49 percent.
B) greater than or equal to 50 and less than or equal to 59 percent.
C) greater than or equal to 60 and less than or equal to 69 percent.
D) greater than or equal to 70 percent.
b
The analyst turned on his banker's lamp, adjusted his eye shade, and slowly pulled a legal
pad from his desk. His weathered hands punched the buttons on his desk calculator
deliberately as he divided earnings by total assets in order to calculate:
A) return on assets.
B) cost of goods sold.
C) merchandise inventory.
D) profit margin.
a
The phenomenon that a dollar in cost savings increases pretax profits by a dollar, while a
dollar increase in sales increases pretax profits only by the dollar multiplied by the pretax
profit margin is known as the:
A) profit margin.
B) return on assets.
, C) saving to spending ratio.
D) profit leverage effect.
d
Which of the following is required in order to execute a successful spend analysis?
A) graphics capabilities found in charting packages and Visio
B) a sophisticated statistical software package such as SPSS or SAS
C) ability to analyze large quantities of data
D) a minimum of six months uninterrupted work time
c
The use of supply chain partners to provide products or services is called:
A) outsourcing.
B) insourcing.
C) offloading.
D) partnering.
a
One advantage of outsourcing is that it:
A) gives the company a high degree of control over its operations.
B) increases the company's access to state-of-the-art products and processes.
C) protects the company's proprietary designs and processes.
D) encourages the development of the company's core competencies.
b
Which of these is a direct cost associated with outsourcing?
A) direct material
B) direct labor
C) variable overhead
D) price from invoice
d
CORRECT ANSWERS!!
Firms do not compete only against global competitors, but against:
A) their suppliers.
B) themselves.
C) the customers of their competitors.
D) their competitors' supply chains.
d
The percentage of value of shipments that come from materials for the average
manufacturer is:
A) greater than or equal to 40 and less than or equal to 49 percent.
B) greater than or equal to 50 and less than or equal to 59 percent.
C) greater than or equal to 60 and less than or equal to 69 percent.
D) greater than or equal to 70 percent.
b
The analyst turned on his banker's lamp, adjusted his eye shade, and slowly pulled a legal
pad from his desk. His weathered hands punched the buttons on his desk calculator
deliberately as he divided earnings by total assets in order to calculate:
A) return on assets.
B) cost of goods sold.
C) merchandise inventory.
D) profit margin.
a
The phenomenon that a dollar in cost savings increases pretax profits by a dollar, while a
dollar increase in sales increases pretax profits only by the dollar multiplied by the pretax
profit margin is known as the:
A) profit margin.
B) return on assets.
, C) saving to spending ratio.
D) profit leverage effect.
d
Which of the following is required in order to execute a successful spend analysis?
A) graphics capabilities found in charting packages and Visio
B) a sophisticated statistical software package such as SPSS or SAS
C) ability to analyze large quantities of data
D) a minimum of six months uninterrupted work time
c
The use of supply chain partners to provide products or services is called:
A) outsourcing.
B) insourcing.
C) offloading.
D) partnering.
a
One advantage of outsourcing is that it:
A) gives the company a high degree of control over its operations.
B) increases the company's access to state-of-the-art products and processes.
C) protects the company's proprietary designs and processes.
D) encourages the development of the company's core competencies.
b
Which of these is a direct cost associated with outsourcing?
A) direct material
B) direct labor
C) variable overhead
D) price from invoice
d
