UTK BUAD 331 FINAL EXAM QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS | LATEST
UPDATE 2025 |GRADED A+
Responsive value creation is best for products characterized by which of the following.
A. Short product life cycles and low demand uncertainty
B. High product value and long product life cycles
C. High demand uncertainty and long product lifecycles
D. Low customization and high demand uncertainty
E. High customization and high demand uncertainty - ANSWER E
The difference between the total supply chain order cycle time and the time customers are
willing to wait to have their need fulfilled is known as the .
A. All of these
B. Lead time gap
C. None of these
D. Industry standard order cycle time
E. Optimized processing time - ANSWER B
When considering value fulfillment, we must remember that with longer planning horizons,
uncertainty
A. decreases
B. fluxgates
C. remains consistent
D. increases
E. does not follow a pattern - ANSWER D
,The order cycle begins with ___ and ends when ___.
A. customer need recognition; the order is completed
B. customer need recognition; the customer acknowledges their need as fulfilled
C. order receipt/processing; the order is completed
D. order shipment; the order is completed - ANSWER B
The first step the supply chain must take after an order is transmitted is to ask
A. what should we produce or purchase.
B. All of these
C. where and when should we position the product or service.
D. None of these
E. how much should we produce or purchase. - ANSWER B
EOQ seeks to balance ___ and ___.
A. setup costs; transportation costs
B. the cost of carrying inventory; transportation costs
C. order costs; setup costs
D. transportation costs; order costs
E. order costs; the cost of carrying inventory - ANSWER E
Which of the following are included in the cost of carrying inventory?
A. The cost of handling inventory
B. Utility costs for holding facilities
C. Insurance and taxes
D. All of the above
, E. The cost of the facility where inventory is held - ANSWER D
Anticipatory and lean systems work well for items that are .
A. commodities
B. low-value
C. standard
D. All of these - ANSWER D
In a/an fulfillment system, collaborative capacity plans ensure that sufficient levels of inputs are
in place in advance of demand, but no actual operations are conducted until after orders are
received.
A. anticipatory
B. responsive
C. precatory
D. efficient
E. proactive - ANSWER B
____ involves applying a set of process improvement techniques with a goal of improving
efficiency.
A. None of the above
B. Lean fulfillment
C. EOQ
D. ROP
E. Supply chain management - ANSWER B
Which of the following best describes predictive analytics?
ANSWERS WITH COMPLETE SOLUTIONS | LATEST
UPDATE 2025 |GRADED A+
Responsive value creation is best for products characterized by which of the following.
A. Short product life cycles and low demand uncertainty
B. High product value and long product life cycles
C. High demand uncertainty and long product lifecycles
D. Low customization and high demand uncertainty
E. High customization and high demand uncertainty - ANSWER E
The difference between the total supply chain order cycle time and the time customers are
willing to wait to have their need fulfilled is known as the .
A. All of these
B. Lead time gap
C. None of these
D. Industry standard order cycle time
E. Optimized processing time - ANSWER B
When considering value fulfillment, we must remember that with longer planning horizons,
uncertainty
A. decreases
B. fluxgates
C. remains consistent
D. increases
E. does not follow a pattern - ANSWER D
,The order cycle begins with ___ and ends when ___.
A. customer need recognition; the order is completed
B. customer need recognition; the customer acknowledges their need as fulfilled
C. order receipt/processing; the order is completed
D. order shipment; the order is completed - ANSWER B
The first step the supply chain must take after an order is transmitted is to ask
A. what should we produce or purchase.
B. All of these
C. where and when should we position the product or service.
D. None of these
E. how much should we produce or purchase. - ANSWER B
EOQ seeks to balance ___ and ___.
A. setup costs; transportation costs
B. the cost of carrying inventory; transportation costs
C. order costs; setup costs
D. transportation costs; order costs
E. order costs; the cost of carrying inventory - ANSWER E
Which of the following are included in the cost of carrying inventory?
A. The cost of handling inventory
B. Utility costs for holding facilities
C. Insurance and taxes
D. All of the above
, E. The cost of the facility where inventory is held - ANSWER D
Anticipatory and lean systems work well for items that are .
A. commodities
B. low-value
C. standard
D. All of these - ANSWER D
In a/an fulfillment system, collaborative capacity plans ensure that sufficient levels of inputs are
in place in advance of demand, but no actual operations are conducted until after orders are
received.
A. anticipatory
B. responsive
C. precatory
D. efficient
E. proactive - ANSWER B
____ involves applying a set of process improvement techniques with a goal of improving
efficiency.
A. None of the above
B. Lean fulfillment
C. EOQ
D. ROP
E. Supply chain management - ANSWER B
Which of the following best describes predictive analytics?
