SUPPLY CHAIN MANAGEMENT EXAM
PRACTICE QUESTIONS AND 100%
CORRECT ANSWERS!!
A forecasting technique consistently produces a negative tracking signal. This means that
A.
the forecasting technique consistently under-predicts.
B.
the MAPE will also consistently be negative.
C.
the forecasting technique consistently over-predicts.
D.
the MSE will also consistently be negative.
C
Forecasting that tries a variety of computer models and selects the best one for a particular
application is referred as
A.
trend projection.
B.
focus forecasting.
C.
adaptive smoothing.
D.
jury of executive opinion.
B
Which one of the following statements is NOT true about the forecasting in the service
sector?
A.
Hourly demand forecasts may be necessary.
,B.
Detailed forecasts of demand are not needed.
C.
Forecasting in the service sector presents some unusual challenges.
D.
Demand patterns are often different from those in non-service sectors.
B
Chapter 11
A supply chain ends with
A.
distributors.
B.
manufacturers.
C.
a satisfied customer.
D.
suppliers.
C
Which of the following statements is NOT true?
A.
Supply chain management describes the coordination of all supply chain activities, starting
with raw materials, and ending with a satisfied customer.
B.
An increased sales effort may help a firm reach its profit goals more easily than would
effective cost cutting.
C.
A supply chain includes suppliers; manufacturers and/or service providers; and
distributors, wholesalers, and/or retailers who deliver the product and/or service to the
final customer.
, D.
The objective of supply chain management is to coordinate activities within the supply
chain to maximize the supply chain's competitive advantage and benefits to the ultimate
consumer.
B
Which of the following industries has the highest supply chain cost as a percentage of sales?
A.
automobile
B.
restaurants
C.
petroleum
D.
metals
C
A response strategy requires suppliers be selected based primarily on
A.
being willing to share information.
B.
capacity, speed, and flexibility.
C.
product development skills.
D.
cost.
B
Which of the following statements is NOT one of the differentiation strategy decisions?
A.
Gather and communicate market research data.
B.
PRACTICE QUESTIONS AND 100%
CORRECT ANSWERS!!
A forecasting technique consistently produces a negative tracking signal. This means that
A.
the forecasting technique consistently under-predicts.
B.
the MAPE will also consistently be negative.
C.
the forecasting technique consistently over-predicts.
D.
the MSE will also consistently be negative.
C
Forecasting that tries a variety of computer models and selects the best one for a particular
application is referred as
A.
trend projection.
B.
focus forecasting.
C.
adaptive smoothing.
D.
jury of executive opinion.
B
Which one of the following statements is NOT true about the forecasting in the service
sector?
A.
Hourly demand forecasts may be necessary.
,B.
Detailed forecasts of demand are not needed.
C.
Forecasting in the service sector presents some unusual challenges.
D.
Demand patterns are often different from those in non-service sectors.
B
Chapter 11
A supply chain ends with
A.
distributors.
B.
manufacturers.
C.
a satisfied customer.
D.
suppliers.
C
Which of the following statements is NOT true?
A.
Supply chain management describes the coordination of all supply chain activities, starting
with raw materials, and ending with a satisfied customer.
B.
An increased sales effort may help a firm reach its profit goals more easily than would
effective cost cutting.
C.
A supply chain includes suppliers; manufacturers and/or service providers; and
distributors, wholesalers, and/or retailers who deliver the product and/or service to the
final customer.
, D.
The objective of supply chain management is to coordinate activities within the supply
chain to maximize the supply chain's competitive advantage and benefits to the ultimate
consumer.
B
Which of the following industries has the highest supply chain cost as a percentage of sales?
A.
automobile
B.
restaurants
C.
petroleum
D.
metals
C
A response strategy requires suppliers be selected based primarily on
A.
being willing to share information.
B.
capacity, speed, and flexibility.
C.
product development skills.
D.
cost.
B
Which of the following statements is NOT one of the differentiation strategy decisions?
A.
Gather and communicate market research data.
B.
