MGMT 314 UPDATED ACTUAL Questions
and CORRECT Answers
A supply chain is defined as the group of firms that provide all processes required to make a
finished product available to the customer
True/False - CORRECT ANSWER - True
MRP stands for Materials Requirement Planning
True/False - CORRECT ANSWER - False
Materials resource planning
Information flows in both direction in supply chain
True/False - CORRECT ANSWER - True
ECR stands for efficient consumer response
True/Fals - CORRECT ANSWER - True
SCM suppliers should be viewed as "partners"
True/False - CORRECT ANSWER - True
When a manufacturer develops an innovative product and then identifies a suitable target market
and
,distribution channel it is Push strategy.
True/False - CORRECT ANSWER - True
Customers are not included as part of supply chains.
True/False - CORRECT ANSWER - False
A company's supply chain involves the flow of materials and information from suppliers,
through
production, to the end users.
True/False - CORRECT ANSWER - True
Supply chains are sometimes referred to as value chains because they reflect the concept that
value is added as goods and services progress through the chain.
True/False - CORRECT ANSWER - True
Relational exchanges cannot be successful without information sharing among various
participants.
True/False - CORRECT ANSWER - True
In supply chain organisations, functions must operate independently of each other.
True/False - CORRECT ANSWER - False
, A distributor makes investment decisions regarding the transportation infrastructure and then
makes operating
decisions to try to maximise the return from these assets.
True/False - CORRECT ANSWER - False
Every business organisation is part of at least one supply chain
True/False - CORRECT ANSWER - True
The vehicle-related cost is incurred whether the vehicle is operating or not and is considered
fixed for
short-term operational decisions by the carrier
True/False - CORRECT ANSWER - True
Wal-Mart's EDI system issues electronic purchase orders and receives electronic invoices from
virtually
all of Wal-Mart's suppliers.
True/False - CORRECT ANSWER - True
Upstream supply chain is involved with the procurement of material from suppliers.
True/False - CORRECT ANSWER - True
A milk run is a route in which a truck either delivers product from a single supplier to multiple
retailers
or goes from multiple suppliers to a single retailer.
and CORRECT Answers
A supply chain is defined as the group of firms that provide all processes required to make a
finished product available to the customer
True/False - CORRECT ANSWER - True
MRP stands for Materials Requirement Planning
True/False - CORRECT ANSWER - False
Materials resource planning
Information flows in both direction in supply chain
True/False - CORRECT ANSWER - True
ECR stands for efficient consumer response
True/Fals - CORRECT ANSWER - True
SCM suppliers should be viewed as "partners"
True/False - CORRECT ANSWER - True
When a manufacturer develops an innovative product and then identifies a suitable target market
and
,distribution channel it is Push strategy.
True/False - CORRECT ANSWER - True
Customers are not included as part of supply chains.
True/False - CORRECT ANSWER - False
A company's supply chain involves the flow of materials and information from suppliers,
through
production, to the end users.
True/False - CORRECT ANSWER - True
Supply chains are sometimes referred to as value chains because they reflect the concept that
value is added as goods and services progress through the chain.
True/False - CORRECT ANSWER - True
Relational exchanges cannot be successful without information sharing among various
participants.
True/False - CORRECT ANSWER - True
In supply chain organisations, functions must operate independently of each other.
True/False - CORRECT ANSWER - False
, A distributor makes investment decisions regarding the transportation infrastructure and then
makes operating
decisions to try to maximise the return from these assets.
True/False - CORRECT ANSWER - False
Every business organisation is part of at least one supply chain
True/False - CORRECT ANSWER - True
The vehicle-related cost is incurred whether the vehicle is operating or not and is considered
fixed for
short-term operational decisions by the carrier
True/False - CORRECT ANSWER - True
Wal-Mart's EDI system issues electronic purchase orders and receives electronic invoices from
virtually
all of Wal-Mart's suppliers.
True/False - CORRECT ANSWER - True
Upstream supply chain is involved with the procurement of material from suppliers.
True/False - CORRECT ANSWER - True
A milk run is a route in which a truck either delivers product from a single supplier to multiple
retailers
or goes from multiple suppliers to a single retailer.
