GSC 3600 Exam 2 Questions – 100%
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Firms do not compete only against global competitors, but against what?
ANSW ✔✔ Their competitor's supply chains
The analyst turned on his banker's lamp, adjusted his eye shade, and slowly
pulled a legal pad from his desk. His weathered hands punched the buttons on
his desk calculator deliberately as he divided earnings by total assets in order
to perform what calculation? ANSW ✔✔ Return on Assets
Return on Assets ANSW ✔✔ Earnings/Total Assets
A sourcing strategy in which two suppliers are used for the same purchased
product or service is: ANSW ✔✔ Dual Sourcing
The phenomenon that a dollar in cost savings increases pretax profits by a
dollar, while pretax profit margin is known as the: ANSW ✔✔ Profit leverage
effect
Profit margin is the ratio of ___ to ___. ANSW ✔✔ Earnings to Sales
When compared with single sourcing, multiple sourcing has the advantage of
what? ANSW ✔✔ More control over vendor
Why is single sourcing is a better choice than multiple sourcing? ANSW ✔✔
Better customer service
, A recent survey of executives at Global 1000 companies uncovered what single
biggest threat? ANSW ✔✔ The fear of a supply chain distribution
A description method used when a product or service is proprietary or when
there is a perceived advantage to using a particular supplier's product or
services is ANSW ✔✔ Description by brand
The transportation mode with the highest dollar value of freight in the United
States is ANSW ✔✔ Highway
The mode of transportation that is highly cost effective for bulky items but has
relatively poor delivery reliability and speed and the lowest number of
convenient locations is: ANSW ✔✔ Water
The most detailed level of a logistics information system is the: ANSW ✔✔
Execution system
When cargo is loaded and unloaded only once it is known as ANSW ✔✔ Direct
truck shipment
Which of these statements about inventory management is BEST? ANSW ✔✔
A system using water and rail transportation tends to have higher levels of
inventory
Which of these is not a logistics activity? ANSW ✔✔ inspection
Example of consolidation warehouse ANSW ✔✔ A single manufacturer takes
output from several of it's manufacturing plants and combines them into one
shipment to a major customer
Correct, Expert Verified Answers with
A+ Grade Assurance
Firms do not compete only against global competitors, but against what?
ANSW ✔✔ Their competitor's supply chains
The analyst turned on his banker's lamp, adjusted his eye shade, and slowly
pulled a legal pad from his desk. His weathered hands punched the buttons on
his desk calculator deliberately as he divided earnings by total assets in order
to perform what calculation? ANSW ✔✔ Return on Assets
Return on Assets ANSW ✔✔ Earnings/Total Assets
A sourcing strategy in which two suppliers are used for the same purchased
product or service is: ANSW ✔✔ Dual Sourcing
The phenomenon that a dollar in cost savings increases pretax profits by a
dollar, while pretax profit margin is known as the: ANSW ✔✔ Profit leverage
effect
Profit margin is the ratio of ___ to ___. ANSW ✔✔ Earnings to Sales
When compared with single sourcing, multiple sourcing has the advantage of
what? ANSW ✔✔ More control over vendor
Why is single sourcing is a better choice than multiple sourcing? ANSW ✔✔
Better customer service
, A recent survey of executives at Global 1000 companies uncovered what single
biggest threat? ANSW ✔✔ The fear of a supply chain distribution
A description method used when a product or service is proprietary or when
there is a perceived advantage to using a particular supplier's product or
services is ANSW ✔✔ Description by brand
The transportation mode with the highest dollar value of freight in the United
States is ANSW ✔✔ Highway
The mode of transportation that is highly cost effective for bulky items but has
relatively poor delivery reliability and speed and the lowest number of
convenient locations is: ANSW ✔✔ Water
The most detailed level of a logistics information system is the: ANSW ✔✔
Execution system
When cargo is loaded and unloaded only once it is known as ANSW ✔✔ Direct
truck shipment
Which of these statements about inventory management is BEST? ANSW ✔✔
A system using water and rail transportation tends to have higher levels of
inventory
Which of these is not a logistics activity? ANSW ✔✔ inspection
Example of consolidation warehouse ANSW ✔✔ A single manufacturer takes
output from several of it's manufacturing plants and combines them into one
shipment to a major customer
