SCMN 3710 Test 1 Study Guide, Practice Questions and Complete Review 2026
The primary Key Performance Indicators (KPIs) for supply chain managers are - ANS ✔✔Total
Cost, Customer Service Level, and CSL/TC
The "Value Proposition" that must be satisfied for the "invisible hand" to move goods from
areas of surplus to areas of shortage holds that the _____ must be _______ the _______ . - ANS
✔✔change in total value, greater than, change in total cost
The three fundamental forms of utility under capitalist economic theory are: - ANS
✔✔Possession, Form, and Time/Space
In deploying supply chains across global markets, managers seek to identify opportunities
where - ANS ✔✔differential value is high and total cost is low
The "Infrastructure" zone on the TC/CSL tradeoff curve is characterized by - ANS ✔✔fixed costs
rising more rapidly than output (service)
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. - ANS ✔✔** None of these answers **
(-Computerization has greatly increased the flow of information from the source.
-The "Big Box" stores have developed their own sources.
-This is still true and has not changed.)
Performance measurement is important because - ANS ✔✔lower-level metrics in an
organization must connect directly to the high-level performance to achieve goals.
, Which of the following is not part of the Supply Chain network? - ANS ✔✔stores
Which of the following is part of the Supply Chain network? - ANS ✔✔Terminals, Distribution
Centers, and Plants
The Supply Chain Concept - ANS ✔✔developed from the previous Physical Distribution concept.
The top ten countries account for almost "X"% of the total world population. - ANS ✔✔60%
Where is a megacity most likely to develop? - ANS ✔✔Asia
As suggested, the aging populations in these countries will result in __________ health care
costs and/but __________ in the size of the working population or labor pool. - ANS
✔✔increased, a reduction
According to prediction, __________, __________ and __________ will all house so called
Megacities, whereas __________ will not have any cities of this size. - ANS ✔✔Asia, Latin
America and North America; Europe
__________, __________ and __________ are the top three recipients of exports from the
United States, in that order. - ANS ✔✔Canada, Mexico and China
Marketers have begun to recognize the strategic value of place in the marketing mix, as well as
the benefits resulting from high-quality logistical services. As a result, which has been
recognized as the interface activity between marketing and logistics? - ANS ✔✔Customer
Service
What is often the largest component of logistics costs? - ANS ✔✔Transportation costs
The primary Key Performance Indicators (KPIs) for supply chain managers are - ANS ✔✔Total
Cost, Customer Service Level, and CSL/TC
The "Value Proposition" that must be satisfied for the "invisible hand" to move goods from
areas of surplus to areas of shortage holds that the _____ must be _______ the _______ . - ANS
✔✔change in total value, greater than, change in total cost
The three fundamental forms of utility under capitalist economic theory are: - ANS
✔✔Possession, Form, and Time/Space
In deploying supply chains across global markets, managers seek to identify opportunities
where - ANS ✔✔differential value is high and total cost is low
The "Infrastructure" zone on the TC/CSL tradeoff curve is characterized by - ANS ✔✔fixed costs
rising more rapidly than output (service)
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. - ANS ✔✔** None of these answers **
(-Computerization has greatly increased the flow of information from the source.
-The "Big Box" stores have developed their own sources.
-This is still true and has not changed.)
Performance measurement is important because - ANS ✔✔lower-level metrics in an
organization must connect directly to the high-level performance to achieve goals.
, Which of the following is not part of the Supply Chain network? - ANS ✔✔stores
Which of the following is part of the Supply Chain network? - ANS ✔✔Terminals, Distribution
Centers, and Plants
The Supply Chain Concept - ANS ✔✔developed from the previous Physical Distribution concept.
The top ten countries account for almost "X"% of the total world population. - ANS ✔✔60%
Where is a megacity most likely to develop? - ANS ✔✔Asia
As suggested, the aging populations in these countries will result in __________ health care
costs and/but __________ in the size of the working population or labor pool. - ANS
✔✔increased, a reduction
According to prediction, __________, __________ and __________ will all house so called
Megacities, whereas __________ will not have any cities of this size. - ANS ✔✔Asia, Latin
America and North America; Europe
__________, __________ and __________ are the top three recipients of exports from the
United States, in that order. - ANS ✔✔Canada, Mexico and China
Marketers have begun to recognize the strategic value of place in the marketing mix, as well as
the benefits resulting from high-quality logistical services. As a result, which has been
recognized as the interface activity between marketing and logistics? - ANS ✔✔Customer
Service
What is often the largest component of logistics costs? - ANS ✔✔Transportation costs
