TRA 4203 Exam 1 || with errorless answers.
T/F: Globalization has had little effects on consumers. (Beginning of Chapter 1) correct answers
False
Which of the following is NOT a part of the Supply Chain Network? correct answers Stores
Cost/value refers to correct answers the importance of cost and value at the very end of the
supply chain.
Most retailers are essentially supply chain companies since correct answers They buy products
produced by others
T/F: A key element of Walmart's ability to discount brand name products was an understanding
of the criticality of efficiency in its logistics and supply chain system. correct answers True
The Supply Chain Concept: correct answers developed from the previous Physical Distribution
concept.
Name external factors that are shaping the economic and political landscape correct answers
Technology, globalization, and government policy and regulation
Which of the below is not one of the external forces driving the rate of change and shaping our
economic and political landscape correct answers Environmental concerns
A critical outcome of the supply chain is to deliver: correct answers the right product to the right
place
Which of the following is NOT an external factor that is shaping the economic/political
landscape? correct answers Organizational division
,Complexity in the supply chain is caused by: correct answers (all of these answers) Locations of
customers and supplies, the number of SKUs, and transportation requirements
Traditionally information has been viewed as flowing in the opposite direction of products that is
from the market/customer back to the wholesalers manufacturers and vendors. correct answers
None of these answers
The challenge to develop and sustain an efficient and effective supply chain(s) requires
organizations to address a number of issues. Which is not included? correct answers Inventory
carrying costs
Performance measurement is important because: correct answers lower-level metrics in an
organization must connect directly to the high-level performance to achieve goals.
Which of these flows only one way as illustrated in Figure 1-4? correct answers None of these
answers
Supply chain managers no longer need to worry about sub-optimization in light of today's
technology? correct answers False
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. correct answers False
Logistics in its simplest form correct answers combines inbound logistics with the outbound
logistics of physical distribution.
One of the major challenges of Supply Chain Management is correct answers maintaining the
visibility of inventory
T/F:Outsourcing is a fairly new concept. correct answers False
, T/F: Supply and demand have become less volatile as managers become more adept to
controlling the elements. correct answers False
Identify the proper sequence of the three "flows" in the supply chain correct answers Product,
information, cash
T/F: Beginning in the late 1970s and into the 1980s the US Transportation industry was
deregulated. The net result was a less competitive environment. correct answers False
T/F: The first decade of the twenty-first century was a period of rapid change for organizations
especially businesses. correct answers True
Outsourcing involves correct answers obtaining materials, parts, and products from other
companies
Some individuals describe the current consumer as the "click here" generation because: correct
answers we no longer wait for information to be "pushed out" to us
The demographics of our society has changed because: correct answers of the increase in two-
career families and single-parent households
It is predicted that social networks such as Facebook and Twitter will influence supply chain
because of their impact on customer demand and the speed of information transfers. (end of
Chapter 1) correct answers True
Which of the following is not one of the essential factors for economic growth and increased
development of global trade flows? (Beginning of Chapter 2) correct answers Geo-political
standing
T/F: Globalization has had little effects on consumers. (Beginning of Chapter 1) correct answers
False
Which of the following is NOT a part of the Supply Chain Network? correct answers Stores
Cost/value refers to correct answers the importance of cost and value at the very end of the
supply chain.
Most retailers are essentially supply chain companies since correct answers They buy products
produced by others
T/F: A key element of Walmart's ability to discount brand name products was an understanding
of the criticality of efficiency in its logistics and supply chain system. correct answers True
The Supply Chain Concept: correct answers developed from the previous Physical Distribution
concept.
Name external factors that are shaping the economic and political landscape correct answers
Technology, globalization, and government policy and regulation
Which of the below is not one of the external forces driving the rate of change and shaping our
economic and political landscape correct answers Environmental concerns
A critical outcome of the supply chain is to deliver: correct answers the right product to the right
place
Which of the following is NOT an external factor that is shaping the economic/political
landscape? correct answers Organizational division
,Complexity in the supply chain is caused by: correct answers (all of these answers) Locations of
customers and supplies, the number of SKUs, and transportation requirements
Traditionally information has been viewed as flowing in the opposite direction of products that is
from the market/customer back to the wholesalers manufacturers and vendors. correct answers
None of these answers
The challenge to develop and sustain an efficient and effective supply chain(s) requires
organizations to address a number of issues. Which is not included? correct answers Inventory
carrying costs
Performance measurement is important because: correct answers lower-level metrics in an
organization must connect directly to the high-level performance to achieve goals.
Which of these flows only one way as illustrated in Figure 1-4? correct answers None of these
answers
Supply chain managers no longer need to worry about sub-optimization in light of today's
technology? correct answers False
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. correct answers False
Logistics in its simplest form correct answers combines inbound logistics with the outbound
logistics of physical distribution.
One of the major challenges of Supply Chain Management is correct answers maintaining the
visibility of inventory
T/F:Outsourcing is a fairly new concept. correct answers False
, T/F: Supply and demand have become less volatile as managers become more adept to
controlling the elements. correct answers False
Identify the proper sequence of the three "flows" in the supply chain correct answers Product,
information, cash
T/F: Beginning in the late 1970s and into the 1980s the US Transportation industry was
deregulated. The net result was a less competitive environment. correct answers False
T/F: The first decade of the twenty-first century was a period of rapid change for organizations
especially businesses. correct answers True
Outsourcing involves correct answers obtaining materials, parts, and products from other
companies
Some individuals describe the current consumer as the "click here" generation because: correct
answers we no longer wait for information to be "pushed out" to us
The demographics of our society has changed because: correct answers of the increase in two-
career families and single-parent households
It is predicted that social networks such as Facebook and Twitter will influence supply chain
because of their impact on customer demand and the speed of information transfers. (end of
Chapter 1) correct answers True
Which of the following is not one of the essential factors for economic growth and increased
development of global trade flows? (Beginning of Chapter 2) correct answers Geo-political
standing
