ISQS 3344 CORE EXAMS SET 2026/2027 QUESTIONS AND
ANSWERS RATED A+
✔✔Which term below refers to managing the flow of completed goods, materials, or
components which may be unusable or discarded through the supply chain from
customers toward either distributors, suppliers, or manufacturers for the purpose of
reuse, resale, or disposal? - ✔✔Reverse Logistics
✔✔Fermi, a nuclear-powered bicycle company, has an annual sales volume of
$6,000,000. Other potentially relevant information to solving for Fermi's daily revenue
earned include the $3 million in cost of goods sold and $600,000 in total on-hand
inventory, on average. Assume there are 300 business days in a year. Thus, what is the
daily revenue earned by Fermi? - ✔✔$20,000
$6,000,000/300 days
✔✔After considerable investigation and analysis, a _______ is found to provide material
of such quality that routine testing on each batch is unnecessary. This term is
designated by the Pharmaceutical Manufacturers Association - ✔✔certified supplier
✔✔Define inventory turnover - ✔✔It is a measure of how quickly goods are moving
through the supply chain
✔✔Considering supply chain performance, the primary objective of the sustainability
measures is to______. - ✔✔Have a carbon-neutral supply chain
✔✔In contrast to firms engaged in outsourcing, firms that utilize offshoring _______. -
✔✔Maintain ownership of the facility in another country
✔✔Economic factors in location decisions can be identified as _____. - ✔✔Operating
costs
✔✔The apparel stocks at LuLuLime Apparels is adjusted every week based on the
changing fashion preferences of its customer base. Managers of the company's stores
coordinate in real-time to meet customers' requirements. Given this information,
LuLuLime probably uses _______. - ✔✔a responsive supply chain
✔✔What is the most accurate statement pertaining to Inditex's supply chain? - ✔✔It can
deliver most goods in 24 hours in Europe and the United States
✔✔Choose the incentive for utilizing Pull Systems - ✔✔They minimize inventory and
production costs
, ✔✔The process of an external vendor providing goods and services previously
internally can be identified as _____. - ✔✔Outsourcing
✔✔Consider location decision process. Which of the following choices is part of
community location decision? - ✔✔Selecting a specific city in which to locate.
✔✔With supply chain design trade-offs in mind, choose the most accurate statement
regarding a push system. - ✔✔It has an advantage of immediate availability of goods to
consumers.
✔✔Restraining production to only what is necessary at upstream stages in the supply
chain in response to customer demand signals originating from downstream stages is
an example of a _______. - ✔✔Pull system
✔✔Identify the drawback associated with push systems among the choices provided. -
✔✔They result in higher costs when forecasting sales is difficult.
✔✔Fermi Motors is a tractor trailer manufacturing firm. It produces and assembles all
the parts of their tractor trailers, shipping the final product to the storehouses
afterwards. The managers at the storehouses distribute the tractor trailers to
wholesalers. The wholesalers then sell to customers. The push-pull boundary for Fermi
Motors is at the _______ in this scenario. - ✔✔Wholesalers
✔✔Which of the following terms best describes a firm that works for end users and
focuses on specific kinds of goods-producing activities? A non-exhaustive list of such
activities could include customized design, manufacturing, and assembly. - ✔✔Contract
manufacturer
✔✔When does a responsive supply chain work best? - ✔✔It works best when product
life cycles are short and change often because of innovation.
✔✔Farquaad's Hats, a company that specializes in making red hats, moved its sourcing
and operations from Duloc back to its home country. This led to a decreased carbon
footprint and easier management. In this case, Farquaad's Hats is involved in _______.
- ✔✔Reshoring
✔✔Choose the factor that is considered in local site location decisions within the
context of location decision process. - ✔✔Sustainability issues
✔✔Which term is representative of gaining capabilities toward distribution, or
potentially, customers? - ✔✔Forward integration
ANSWERS RATED A+
✔✔Which term below refers to managing the flow of completed goods, materials, or
components which may be unusable or discarded through the supply chain from
customers toward either distributors, suppliers, or manufacturers for the purpose of
reuse, resale, or disposal? - ✔✔Reverse Logistics
✔✔Fermi, a nuclear-powered bicycle company, has an annual sales volume of
$6,000,000. Other potentially relevant information to solving for Fermi's daily revenue
earned include the $3 million in cost of goods sold and $600,000 in total on-hand
inventory, on average. Assume there are 300 business days in a year. Thus, what is the
daily revenue earned by Fermi? - ✔✔$20,000
$6,000,000/300 days
✔✔After considerable investigation and analysis, a _______ is found to provide material
of such quality that routine testing on each batch is unnecessary. This term is
designated by the Pharmaceutical Manufacturers Association - ✔✔certified supplier
✔✔Define inventory turnover - ✔✔It is a measure of how quickly goods are moving
through the supply chain
✔✔Considering supply chain performance, the primary objective of the sustainability
measures is to______. - ✔✔Have a carbon-neutral supply chain
✔✔In contrast to firms engaged in outsourcing, firms that utilize offshoring _______. -
✔✔Maintain ownership of the facility in another country
✔✔Economic factors in location decisions can be identified as _____. - ✔✔Operating
costs
✔✔The apparel stocks at LuLuLime Apparels is adjusted every week based on the
changing fashion preferences of its customer base. Managers of the company's stores
coordinate in real-time to meet customers' requirements. Given this information,
LuLuLime probably uses _______. - ✔✔a responsive supply chain
✔✔What is the most accurate statement pertaining to Inditex's supply chain? - ✔✔It can
deliver most goods in 24 hours in Europe and the United States
✔✔Choose the incentive for utilizing Pull Systems - ✔✔They minimize inventory and
production costs
, ✔✔The process of an external vendor providing goods and services previously
internally can be identified as _____. - ✔✔Outsourcing
✔✔Consider location decision process. Which of the following choices is part of
community location decision? - ✔✔Selecting a specific city in which to locate.
✔✔With supply chain design trade-offs in mind, choose the most accurate statement
regarding a push system. - ✔✔It has an advantage of immediate availability of goods to
consumers.
✔✔Restraining production to only what is necessary at upstream stages in the supply
chain in response to customer demand signals originating from downstream stages is
an example of a _______. - ✔✔Pull system
✔✔Identify the drawback associated with push systems among the choices provided. -
✔✔They result in higher costs when forecasting sales is difficult.
✔✔Fermi Motors is a tractor trailer manufacturing firm. It produces and assembles all
the parts of their tractor trailers, shipping the final product to the storehouses
afterwards. The managers at the storehouses distribute the tractor trailers to
wholesalers. The wholesalers then sell to customers. The push-pull boundary for Fermi
Motors is at the _______ in this scenario. - ✔✔Wholesalers
✔✔Which of the following terms best describes a firm that works for end users and
focuses on specific kinds of goods-producing activities? A non-exhaustive list of such
activities could include customized design, manufacturing, and assembly. - ✔✔Contract
manufacturer
✔✔When does a responsive supply chain work best? - ✔✔It works best when product
life cycles are short and change often because of innovation.
✔✔Farquaad's Hats, a company that specializes in making red hats, moved its sourcing
and operations from Duloc back to its home country. This led to a decreased carbon
footprint and easier management. In this case, Farquaad's Hats is involved in _______.
- ✔✔Reshoring
✔✔Choose the factor that is considered in local site location decisions within the
context of location decision process. - ✔✔Sustainability issues
✔✔Which term is representative of gaining capabilities toward distribution, or
potentially, customers? - ✔✔Forward integration
