Coyle Supply Chain Management: A Logistics Perspective, 9th Edition TEST BANK With Best Solutions

Coyle Supply Chain Management: A Logistics Perspective, 9th Edition TEST BANK With Best Solutions CHAPTER 1 TEST QUESTIONS True-False 1. The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses. ANSWER: True, Page 5 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, Page 6 3. Globalization has had little effect on consumers. ANSWER: False, Page 7 4. Supply and demand has become less volatile as managers become more adept at controlling the elements. ANSWER: False, Page 8 5. Outsourcing is a fairly new concept. ANSWER: False, Page 9 6. SAB should examine their off-shore purchasing policy, even though the products are sourced from the U.S. ANSWER: True, Page 9 7. It is expected that someor all of the BRIC countries (Brazil, Russia, India& china) will replace the so-called VISTA countries (Vietnam, Indonesia, S. Africa, Turkey and Argentina)as low cost producers of various products and services. ANSWER: False, Page 9 8. 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, Page 10 9. 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, Page 10 10. The U.S. transportation system was deregulated in the 1930s and 1940s in response to economic conditions and World War 2 ANSWER: False, Page 12 11. Even though there are references to supply chain management in the 1980s, SCM did not capture the attention of senior-level management until the 1990s. ANSWER: True, Page 15 12. Supply chain managers no longer need to worry about suboptimization in light of today’s technology. ANSWER: False, Page 19