MANG 3402 FINAL EXAM WITH
COMPLETE SOLUTION
Which of the following statements is NOT true?
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.
B.
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.
C.
There are three flows along the supply chain; information, product and
payment.
D.
A supply chain rarely pays attention to intergraton of internal business
functions such as purchasing department, production department, and
deliverydepartment, etc.
Your answer is correct.
E.
Supply chain management describes the coordination of all supply chain
activities, starting with raw materials, and ending with a satisfied customer. -
,ANSWER A supply chain rarely pays attention to intergraton of internal
business functions such as purchasing department, production department,
and delivery department, etc.
What is transferring a firm's activities that have traditionally been internal to
external suppliers? - ANSWER outsourcing
The advantage of having few suppliers is to - ANSWER form a long-term
relationship.
The advantage of having many potential suppliers is their willingness to -
ANSWER offer lower prices in the short term.
What is developing the ability to produce goods or services previously
purchased or actually buying a supplier or a distributor? - ANSWER vertical
integration
The supply chain for a brewery would include raw ingredients such as hops
and barley but not the manufactured goods such as bottles and cans. -
ANSWER False
Supply chain decisions are not generally strategic in nature, because
purchasing is not a large expense for most firms. - ANSWER False
Because service firms do not acquire goods and services externally, their
supply chain management issues are insignificant. - ANSWER False
Which of the following would NOT typically be considered as part of a
manufacturing firm's supply chain? - ANSWER landscaping contractors
Outsourcing is a form of specialization that allows the outsourcing firm to
focus on its key success factors. - ANSWER True
, Outsourcing:
A. allows the outsourcing firm to focus on its key success factors.
B.
utilizes the efficiency that comes with specialization.
C.
transfers traditional internal activities to outside vendors.
D.
All of the above are true of outsourcing.
Your answer is correct. - ANSWER A. allows the outsourcing firm to focus on
its key success factors.
B.
utilizes the efficiency that comes with specialization.
C.
transfers traditional internal activities to outside vendors.
D.
All of the above are true of outsourcing.
Your answer is correct.
The transfer of some of what are traditional internal activities and resources
of a firm to outside vendors is:
COMPLETE SOLUTION
Which of the following statements is NOT true?
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.
B.
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.
C.
There are three flows along the supply chain; information, product and
payment.
D.
A supply chain rarely pays attention to intergraton of internal business
functions such as purchasing department, production department, and
deliverydepartment, etc.
Your answer is correct.
E.
Supply chain management describes the coordination of all supply chain
activities, starting with raw materials, and ending with a satisfied customer. -
,ANSWER A supply chain rarely pays attention to intergraton of internal
business functions such as purchasing department, production department,
and delivery department, etc.
What is transferring a firm's activities that have traditionally been internal to
external suppliers? - ANSWER outsourcing
The advantage of having few suppliers is to - ANSWER form a long-term
relationship.
The advantage of having many potential suppliers is their willingness to -
ANSWER offer lower prices in the short term.
What is developing the ability to produce goods or services previously
purchased or actually buying a supplier or a distributor? - ANSWER vertical
integration
The supply chain for a brewery would include raw ingredients such as hops
and barley but not the manufactured goods such as bottles and cans. -
ANSWER False
Supply chain decisions are not generally strategic in nature, because
purchasing is not a large expense for most firms. - ANSWER False
Because service firms do not acquire goods and services externally, their
supply chain management issues are insignificant. - ANSWER False
Which of the following would NOT typically be considered as part of a
manufacturing firm's supply chain? - ANSWER landscaping contractors
Outsourcing is a form of specialization that allows the outsourcing firm to
focus on its key success factors. - ANSWER True
, Outsourcing:
A. allows the outsourcing firm to focus on its key success factors.
B.
utilizes the efficiency that comes with specialization.
C.
transfers traditional internal activities to outside vendors.
D.
All of the above are true of outsourcing.
Your answer is correct. - ANSWER A. allows the outsourcing firm to focus on
its key success factors.
B.
utilizes the efficiency that comes with specialization.
C.
transfers traditional internal activities to outside vendors.
D.
All of the above are true of outsourcing.
Your answer is correct.
The transfer of some of what are traditional internal activities and resources
of a firm to outside vendors is:
